Bhavin Turakhia

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Bhavin Turakhia
Bhavin Turakhia.jpg
Bhavin Turakhia
Born (1979-12-21) 21 December 1979 (age 45)
Mumbai, Maharashtra, India
Alma materArya Vidya Mandir
D. G. Ruparel College of Arts, Science and Commerce
Sydenham College of Commerce and Economics
Occupations
Known forDirecti, Titan, Radix, Ringo, Flock, Zeta, and CodeChef

Bhavin Turakhia (born 21 December 1979), is an entrepreneur, [1] and the founder of Titan, Flock, Radix, CodeChef, and Zeta. [2] [3] [4] [5] In 2016, Bhavin, a billionaire, [6] was ranked as the 95th richest person in India, along with his brother Divyank Turakhia, according to Forbes . [7] [8] [9] He was a 2011 Young Global Leader by the World Economic Forum. [10] [11] [12]

Contents

Early life

Bhavin was born in Mumbai in a middle-class Jain family. He did his schooling from Arya Vidya Mandir, Bandra. [7] He attended D.G. Ruparel College [13] to study science and later dropped out. He completed his bachelor's degree in commerce from Sydenham College of Commerce and Economics. [14] [15] As of 2017, he is based in London. [16]

Career

In 1998, at the age of 18 and with a capital of ₹25,000 [17] [18] (equal to roughly US$675 in 1998), Bhavin Turakhia started his first tech venture Directi with his brother Divyank Turakhia. [19] [5] [20]

In 2014, Bhavin and Divyank sold four of their web companies – BigRock, LogicBoxes, Reseller Club, and Webhosting.info – to web-hosting firm Endurance International Group for $160 million. [21] [22]

In July 2019, his banking tech [23] venture Zeta [24] received an investment from Sodexo at a valuation of $300 million. [25] [26] In 2021, Zeta secured $250 million in investment from SoftBank Vision Fund 2. [27] This Series C investment values Zeta at $1.45 billion.

In August 2021, Titan, [28] the professional email service founded by Bhavin, received a $30 million investment from Automattic, valuing Titan at $300 million. [2]

As of 2022, Bhavin operates companies Titan, [29] [2] Flock, [30] Radix and Zeta. [31] [32]

Awards and recognition

See also

References

  1. ↑ "Video I followed my father's advice and became a billionaire". BBC . 6 November 2019.
  2. 1 2 3 "Automattic Values Business-Email Startup Titan at $300 Million". Yahoo Finance. 3 August 2021. Retrieved 14 June 2022.
  3. ↑ "Bhavin Turakhia to invest $25 mn in Flock, an enterprise team messenger". The Hindu Business Line . 15 March 2017.
  4. ↑ Banerjee, Sudeshna (4 November 2016). "The winner takes it all". Asian Age.
  5. 1 2 Mendonca, Jochelle (19 September 2016). "Directi, founded by brothers Bhavin and Divyank Turakhia, to buy 1 lakh sq feet building". Economic Times.
  6. ↑ "Family matters: Bhavin Turakhia credits his father, humble beginnings for success". The Economic Times. 3 December 2019.
  7. 1 2 3 Raghunathan, Anuradha (1 December 2016). "Meet the technology whiz kids Bhavin and Divyank Turakhia". Forbes India .
  8. ↑ Singh, Rajiv (18 January 2016). "Bootstrapping – running a startup without equity funding is the better way forward". The Economic Times.
  9. ↑ "इस गुजराती ने 18 साल की उम्र में ही कर ली 8700 करोड़ की कमाई" (in Hindi). Daily Bhaskar. 23 November 2016.
  10. ↑ "Sanjay Chandra,11 other Indians among WEF Young Global Leaders". Geneva: Deccan Herald. 9 March 2011.
  11. ↑ "12 Indians among WEF's Young Global Leaders". rediff.com . 14 March 2011.
  12. ↑ "World Economic Forum names Bhavin Turakhia 'Young Global Leader 2011'". Business Standard. 18 March 2011.
  13. ↑ Nair, Sulekha (12 September 2016). "Never give up, take risks, hire best talent: Business lessons from Bhavin Turakhia". Firstpost.
  14. ↑ N, Shivapriya (2014). "Brothers born and bred in city sell e-firm for $900m". Economic Times .
  15. ↑ "India's Internet billionaires". Telegraph India. 12 September 2016. Archived from the original on 16 September 2016.
  16. ↑ "Bhavin Turakhia: The man who is building a Slack killer". FactorDaily . 23 June 2017. Retrieved 16 January 2023.
  17. ↑ "The strength of start-ups". Deccan Herald. 17 December 2016.
  18. ↑ "The world's newest billionaires are two Indian brothers who founded a tech company in their teens". 23 August 2016.
  19. ↑ "Know how these two Mumbai brothers turned Rs 25 thousand into Rs 9,000 crores". Zee News. 26 August 2016.
  20. ↑ "From Rs 25,000 to over Rs 12,000 crores: Know Bhavin Turakhia's journey from middle-class boy to billionaire". 1 October 2016.
  21. ↑ Arora, Varun (26 August 2016). "We will set up family office soon, says Bhavin Turakhia". VCCircle.
  22. ↑ Modgil, Shweta (10 January 2017). "It's Our Moral Obligation To Make An Impact Directly Proportional To Our Potential: Bhavin Turakhia, Co-Founder, Directi Group". Inc42.com. Retrieved 24 March 2017.
  23. ↑ "Zeta becomes a unicorn with $250 million SoftBank-led funding". Techcrunch. 24 May 2021.
  24. ↑ "Home". Zeta US. Retrieved 16 January 2023.
  25. ↑ Singh, Manish (23 July 2019). "Fintech firm Zeta's valuation climbs to $300M in its first external funding round". TechCrunch . Retrieved 16 January 2023.
  26. ↑ S.H, Salman (23 July 2019). "Fintech platform Zeta valued at $300 mn in its Series C round led by Sodexo". Livemint.
  27. ↑ "Banking Tech Startup is Unicorn with $250 Million from SoftBank". Bloomberg. 24 May 2021.
  28. ↑ "Titan Email for Professionals and Businesses".
  29. ↑ Bagchi, Sohini (4 August 2021). "How Bhavin Turakhia's Titan is Disrupting Business Email Market". CXOToday.com. Retrieved 14 June 2022.
  30. ↑ Shaikh, Shadma (16 March 2017). "Bhavin Turakhia invests $25 mn in enterprise messenger Flock for expansion". Economic Times . Retrieved 24 March 2017.
  31. ↑ "Personally Tech With Ringo Founder-CEO Bhavin Turakhia". NDTV. 24 July 2015.
  32. ↑ Mendonca, Jochelle (12 September 2016). "Directi's Bhavin Turakhia to invest $110 million in newer ventures". Economic Times.
  33. ↑ Sunkara, Keshav (22 September 2016). "Patanjali's Balkrishna, Turakhia brothers enter Forbes rich list; Flipkart founders exit". VCCircle.
  34. ↑ Karmali, Naazneen (21 September 2016). "As India's Richest Make Big Gains, The Entry Price To The Top 100 Touches $1.25 Billion". Forbes India .
  35. ↑ Jain, Samiksha (5 September 2016). "Here Are The Winners Of The Prestigious 6th Annual Entrepreneur India Awards 2016". Entrepreneur.
  36. ↑ Kurup, Rajeesh (23 August 2016). "The Turakhia brothers are now worth $1.4 billion". The Hindu Business Line .
  37. ↑ Bhosale, Akshay (25 August 2016). "'Serial Entrepreneur' Bhavin Turakhia Bags Dual Awards At Annual Entrepreneur India Awards 2016!". DigitalConqurer.
  38. ↑ "ETPanache Trendsetter Awards 2016: Ananya Birla, Dipa Karmakar, Karan Johar emerge winners". The Economic Times. 18 October 2016.
  39. ↑ "ET Panache Trendsetter Awards 2016". Economic Times. 17 October 2016.
  40. ↑ "Search for News, Stock Quotes & NAV's The winners of the ETPanache Trendsetter Awards 2016". The Economic Times. 17 October 2016.
  41. ↑ "List of 2011 Young Global Leaders Honourees". 2011.
  42. ↑ Talent needs opportunity (annual review of activities (2005 - 2006) - Airtel) (PDF). p. 15.
  43. ↑ "BCEI invites nominations for the Bharti Entrepreneur of the Year Award 2008". Business Standard. 24 November 2008.
  44. ↑ "Registrar Constituency Statement" (PDF). Icann.org. 12 July 2005.
  45. ↑ New, William (13 July 2015). "ICANN's Process For Strategic Plan, .Net Domain Renewal Questioned". Ip-watch.org.

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