Bhavin Turakhia

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Bhavin Turakhia
Bhavin Turakhia.jpg
Bhavin Turakhia
Born (1979-12-21) 21 December 1979 (age 42)
Alma materArya Vidya Mandir
D. G. Ruparel College of Arts, Science and Commerce
Sydenham College of Commerce and Economics
Occupation
Known forDirecti, Titan, Radix, Ringo, Flock, Zeta, and CodeChef

Bhavin Turakhia (born 21 December 1979) is a serial entrepreneur,[1] and the founder of Titan, Flock, Radix, CodeChef and Zeta. He is the CEO of Titan, Flock, and Zeta.[2][3][4][5][6][7][8][9] In 2016, Bhavin, a billionaire[10] was ranked as the 95th richest person in India, with a net worth of US$1.3 billion, along with his brother Divyank Turakhia, according to Forbes.[11][12][13] He has been honored as a 2011 Young Global Leader by the World Economic Forum.[14][15][16]

Early life[edit]

Currently based in London, Bhavin was born in Mumbai in a middle class Jain family, he did his schooling from Arya Vidya Mandir, Bandra.[11] He attended D.G. Ruparel College[17] to study science and later dropped out[18] and then completed his bachelor's degree in commerce from Sydenham College of Commerce and Economics.[19][20]

Career[edit]

In 1998 with a capital of ₹25,000[21][22] (equal to US$675 in 1998), Bhavin Turakhia at the age of 18, started his first tech venture Directi with his brother Divyank Turakhia.[23][5][24][25][26]

In 2014, Bhavin and Divyank sold four of their web presence companies – BigRock, LogicBoxes, ResellerClub, and Webhosting.info – to Nasdaq-listed U.S.-based web-hosting firm Endurance International Group, for $160 million.[27][28]

He currently operates Titan,[29][2] Flock,[30][31][32] Radix and Zeta.[33][34][35][36][37][38][39][40][41][42][43][4]

In July 2019, his banking tech venture Zeta received an investment from Sodexo at a valuation of $300 million.[44][45] In 2021, Zeta secured $250 million in investment from SoftBank Vision Fund 2. This Series C investment values Zeta at $1.45 billion.

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

Awards and recognition[edit]

See also[edit]

References[edit]

  1. ^ "Video I followed my father's advice and became a billionaire". BBC. 6 November 2019.
  2. ^ a b c "Automattic Values Business-Email Startup Titan at $300 Million". Bloomberg.com. 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. ^ a b Banerjee, Sudeshna (4 November 2016). "The winner takes it all". Asian Age.
  5. ^ a b Mendonca, Jochelle (19 September 2016). "Directi, founded by brothers Bhavin and Divyank Turakhia, to buy 1 lakh sq feet building". Economic Times.
  6. ^ "दो भाइयों की कंपनी, 25000 से शुरु की और 6000 करोड़ में चीन को बेच दी" (in Hindi). New Delhi: Live Hindutan. 27 August 2017.
  7. ^ "These Stories Of Overnight Success Defy Logic". Huffington Post. 2 January 2017.
  8. ^ John, Jesus (25 July 2016). "Making life less taxing for staff and employers". The Hindu Business Line.
  9. ^ Das, Poulomi (4 August 2016). "This Indian tech company has one of the most fun hiring processes ever". Business Insider.
  10. ^ "Family matters: Bhavin Turakhia credits his father, humble beginnings for success". The Economic Times. 3 December 2019.
  11. ^ a b c Raghunathan, Anuradha (1 December 2016). "Meet the technology whiz kids Bhavin and Divyank Turakhia". Forbes India.
  12. ^ Singh, Rajiv (18 January 2016). "Bootstrapping – running a startup without equity funding is the better way forward". The Economic Times.
  13. ^ "इस गुजराती ने 18 साल की उम्र में ही कर ली 8700 करोड़ की कमाई" (in Hindi). Daily Bhaskar. 23 November 2016.
  14. ^ "Sanjay Chandra,11 other Indians among WEF Young Global Leaders". Geneva: Deccan Herald. 9 March 2011.
  15. ^ "12 Indians among WEF's Young Global Leaders". rediff.com. 14 March 2011.
  16. ^ "World Economic Forum names Bhavin Turakhia 'Young Global Leader 2011'". Business Standard. 18 March 2011.
  17. ^ Nair, Sulekha (12 September 2016). "Never give up, take risks, hire best talent: Business lessons from Bhavin Turakhia". Firstpost.
  18. ^ "Successful Entrepreneurs Who Were College Drop Outs - Bhavin Turakhia". India Times. 4 December 2017. Retrieved 7 May 2020.
  19. ^ Kurian, Boby; Sharma, Samidha (23 August 2016). "Brothers born and bred in city sell e-firm for $900m". The Times of India. Mumbai. Archived from the original on 25 March 2017. Retrieved 24 March 2017.
  20. ^ "India's Internet billionaires". Telegraph India. 12 September 2016.
  21. ^ Bose, Hiren (18 December 2016). "The strength of start-ups". Deccan Herald.[permanent dead link]
  22. ^ मुंबई के दो भाइयों ने 25 हजार को बनाया 9 हजार करोड़, 16 की उम्र बने थे बि‍जनेसमैन... Archived 25 March 2017 at the Wayback Machine Daily Bhaskar. Retrieved 24 August 2016
  23. ^ "Know how these two Mumbai brothers turned Rs 25 thousand into Rs 9,000 crores". Zee News. 26 August 2016.
  24. ^ Sabharwal, Punita (2 October 2016). "10 Takes From Bhavin Turakhia On Tech". Entrepreneur.
  25. ^ "16 साल में शुरुआत, आज 1400 कर्मचारी और 400 मिलियन डॉलर की कंपनी". Daily Bhaskar. 2 February 2016.
  26. ^ "पिता से लिया 25000 का लोन और अब 9000 करोड़ की कंपनी के मालिक" (in Hindi). Nai Dunia. 26 August 2016.
  27. ^ Arora, Varun (26 August 2016). "We will set up family office soon, says Bhavin Turakhia". VCCircle.
  28. ^ 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.
  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. ^ Singh, Arti (16 March 2017). "Bhavin Turakhia to invest $25 mn more in enterprise messenger Flock". VCCircle.
  32. ^ "VENTURE DEALS". Fortune. 16 March 2016.
  33. ^ "Personally Tech With Ringo Founder-CEO Bhavin Turakhia". NDTV. 24 July 2015.
  34. ^ Mendonca, Jochelle (12 September 2016). "Directi's Bhavin Turakhia to invest $110 million in newer ventures". Economic Times.
  35. ^ "Startup Zeta launches digital LTA solution for employees, Optima Card". Firstpost. 11 January 2017.
  36. ^ "Flock 2.0 update brings Teams functionality, deeper app integration". Daily News and Analysis. Mumbai. 8 September 2017.
  37. ^ Thomas Hector, Dearton (8 September 2016). "Why Bhavin Turakhia thinks Flock 2.0 will be the next big thing in enterprise chat". VCCircle.
  38. ^ Chopra, Ambika (13 September 2016). "Turakhia Brothers To Invest $110 Mn In Four Ventures -- Zeta, Flock, Ringo, & Radix". Inc42.com. Retrieved 24 March 2017.
  39. ^ KJ, Shashidhar (8 January 2016). "Directi's Bhavin Turakhia launches Zeta app to digitize meal vouchers". Media Nama.
  40. ^ "Directi to hire over 1,000 people". Business Standard. 1 July 2017.
  41. ^ "इन भाइयों ने चीन को बेची 6000 करोड़ में कंपनी, 18 साल की उम्र में बने अरबपति". News18 India. 28 August 2016.
  42. ^ "Bhavin Turakhia now bets on Zeta". The Times of India. Bengaluru. 30 September 2016. Archived from the original on 25 March 2017. Retrieved 24 March 2017.
  43. ^ a b Kurup, Rajeesh (23 August 2016). "The Turakhia brothers are now worth $1.4 billion". The Hindu Business Line.
  44. ^ "Fintech firm Zeta's valuation climbs to $300M in its first external funding round".
  45. ^ S.H, Salman (23 July 2019). "Fintech platform Zeta valued at $300 mn in its Series C round led by Sodexo". Livemint.
  46. ^ Sunkara, Keshav (22 September 2016). "Patanjali's Balkrishna, Turakhia brothers enter Forbes rich list; Flipkart founders exit". VCCircle.
  47. ^ 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.
  48. ^ Jain, Samiksha (5 September 2016). "Here Are The Winners Of The Prestigious 6th Annual Entrepreneur India Awards 2016". Entrepreneur.
  49. ^ Bhosale, Akshay (25 August 2016). "'Serial Entrepreneur' Bhavin Turakhia Bags Dual Awards At Annual Entrepreneur India Awards 2016!". DigitalConqurer.
  50. ^ "ETPanache Trendsetter Awards 2016: Ananya Birla, Dipa Karmakar, Karan Johar emerge winners". The Economic Times. 18 October 2016.
  51. ^ "ET Panache Fetes Young Trendsetters". Mumbai: Times of India. 17 October 2016. Archived from the original on 25 March 2017. Retrieved 24 March 2017.
  52. ^ "Search for News, Stock Quotes & NAV's The winners of the ETPanache Trendsetter Awards 2016". The Economic Times. 17 October 2016.
  53. ^ "List of 2011 Young Global Leaders Honourees" (PDF). World Economic Forum. 20 April 2011.
  54. ^ Talent needs opportunity (annual review of activities (2005 - 2006) - Airtel) (PDF). Bharti Foundation. p. 15.[permanent dead link]
  55. ^ "BCEI invites nominations for the Bharti Entrepreneur of the Year Award 2008". Business Standard. 24 November 2008.
  56. ^ "Registrar Constituency Statement" (PDF). Icann.org. 12 July 2005.
  57. ^ New, William (13 July 2015). "ICANN's Process For Strategic Plan, .Net Domain Renewal Questioned". Ip-watch.org.

External links[edit]