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Bhavin Turakhia (born 21 December 1979) is an Indian Entrepreneur, billionaire, and Founder of Flock, Radix, CodeChef, and Ringo, as well as the co-founder of Media.net and Zeta. He is currently CEO of Flock and Zeta.[2][3][4][5][6][7][8] In 2016, Bhavin 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.[9][10][11] He has been honored as a 2011 Young Global Leader by the World Economic Forum.[12][13][14]

Bhavin Turakhia
Bhavin Turakhia.jpg
Bhavin Turakhia
Born (1979-12-21) 21 December 1979 (age 39)
Alma materArya Vidya Mandir
D. G. Ruparel College of Arts, Science and Commerce
Sydenham College of Commerce and Economics
Occupation
  • CEO & founder of Directi, Flock, Radix and Ringo
  • Co-founder of Zeta
Known forDirecti, Radix, Ringo, Flock, Zeta, and CodeChef
Net worthIncreaseUS$1.3 billion (2016)[1]

Contents

Early lifeEdit

Born in Mumbai, he did his schooling from Arya Vidya Mandir, Bandra.[9] He attended D.G. Ruparel College[15] to study science and later dropped out[16] and then completed his bachelor's degree in commerce from Sydenham College of Commerce and Economics.[17][18]

CareerEdit

In 1998 with a capital of ₹25,000[19][20] (US$375), Bhavin Turakhia at the age of 18, started his first tech venture Directi with his brother Divyank Turakhia.[21][4][22][23][24]

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.[25][26]

In August 2016, Bhavin and Divyank Turakhia sold off their Dubai and New York-based ad-technology company Media.net, founded in 2010, to a Chinese Consortium for $900 million.[27][28] Mr. Zhiyong Zhang, who is the chairman of Beijing Miteno Communication Technology led the Consortium. Beijing Miteno Communication Technology is a technology, media and telecom company. This is the third largest ad-tech deal in history and amongst the largest bootstrapped cash exits worldwide.[29][30][31]

He currently operates Flock,[32][33][34] Ringo, Radix and Zeta.[35][36][37][38][39][40][41][42][43][44][45][3]

Awards and recognitionEdit

See alsoEdit

ReferencesEdit

  1. ^ Bhavin Turakhia Profile. Forbes.com. Retrieved 9 October 2016.
  2. ^ "Bhavin Turakhia to invest $25 mn in Flock, an enterprise team messenger". The Hindu Business Line. 15 March 2017.
  3. ^ a b Banerjee, Sudeshna (4 November 2016). "The winner takes it all". Asian Age.
  4. ^ a b Mendonca, Jochelle (19 September 2016). "Directi, founded by brothers Bhavin and Divyank Turakhia, to buy 1 lakh sq feet building". Economic Times.
  5. ^ "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.
  6. ^ "These Stories Of Overnight Success Defy Logic". Huffington Post. 2 January 2017.
  7. ^ John, Jesus (25 July 2016). "Making life less taxing for staff and employers". The Hindu Business Line.
  8. ^ Das, Poulomi (4 August 2016). "This Indian tech company has one of the most fun hiring processes ever". Business Insider.
  9. ^ a b c Raghunathan, Anuradha (1 December 2016). "Meet the technology whiz kids Bhavin and Divyank Turakhia". Forbes India.
  10. ^ Singh, Rajiv (18 January 2016). "Bootstrapping – running a startup without equity funding is the better way forward". The Economic Times.
  11. ^ "इस गुजराती ने 18 साल की उम्र में ही कर ली 8700 करोड़ की कमाई" (in Hindi). Daily Bhaskar. 23 November 2016.
  12. ^ "Sanjay Chandra,11 other Indians among WEF Young Global Leaders". Geneva: Deccan Herald. 9 March 2011.
  13. ^ "12 Indians among WEF's Young Global Leaders". rediff.com. 14 March 2011.
  14. ^ "World Economic Forum names Bhavin Turakhia 'Young Global Leader 2011'". Business Standard. 18 March 2011.
  15. ^ Nair, Sulekha (12 September 2016). "Never give up, take risks, hire best talent: Business lessons from Bhavin Turakhia". Firstpost.
  16. ^ "Success Story of Two Dropout Brothers who founded 11 Top Companies of India - Bhavin and Divyank Turakhia". Dropout Dudes. 2017-12-04. Retrieved 2017-12-05.
  17. ^ Kurian, Boby; Sharma, Samidha (23 August 2016). "Brothers born and bred in city sell e-firm for $900m". Mumbai: The Times of India.
  18. ^ "India's Internet billionaires". Telegraph India. 12 September 2016.
  19. ^ Bose, Hiren (18 December 2016). "The strength of start-ups". Deccan Herald.
  20. ^ मुंबई के दो भाइयों ने 25 हजार को बनाया 9 हजार करोड़, 16 की उम्र बने थे बि‍जनेसमैन... Daily Bhaskar. Retrieved 24 August 2016
  21. ^ "Know how these two Mumbai brothers turned Rs 25 thousand into Rs 9,000 crores". Zee News. 26 August 2016.
  22. ^ Sabharwal, Punita (2 October 2016). "10 Takes From Bhavin Turakhia On Tech". Entrepreneur.
  23. ^ "16 साल में शुरुआत, आज 1400 कर्मचारी और 400 मिलियन डॉलर की कंपनी". Daily Bhaskar. 2 February 2016.
  24. ^ "पिता से लिया 25000 का लोन और अब 9000 करोड़ की कंपनी के मालिक" (in Hindi). Nai Dunia. 26 August 2016.
  25. ^ Arora, Varun (26 August 2016). "We will set up family office soon, says Bhavin Turakhia". VCCircle.
  26. ^ 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.
  27. ^ Huet, Ellen (22 August 2016). "Yahoo Ad Partner Media.net Sells to China Group for $900 Million". Bloomberg News.
  28. ^ Yadav, Sachin (23 August 2016). "दो भारतीय भाइयों ने 900 मिलियन डॉलर में बेची कंपनी, एक दिन में बने अरबपति" (in Hindi). Oneindia.
  29. ^ Munford, Monty (22 August 2016). "Chinese Consortium Acquires Media.Net For $900 Million In Third-Largest Ever AdTech Deal". Forbes.
  30. ^ Mannes, John. "Media.net acquired for $900M in mega ad-tech deal". TechCrunch. Retrieved 2016-12-12.
  31. ^ Gooptu, Biswarup; Chanchani, Madhav (23 August 2016). "China consortium buys ad-tech venture Media.net for $900 million". The Economic Times.
  32. ^ Shaikh, Shadma (16 March 2017). "Bhavin Turakhia invests $25 mn in enterprise messenger Flock for expansion". Economic Times. Retrieved 24 March 2017.
  33. ^ Singh, Arti (16 March 2017). "Bhavin Turakhia to invest $25 mn more in enterprise messenger Flock". VCCircle.
  34. ^ "VENTURE DEALS". Fortune. 16 March 2016.
  35. ^ "Personally Tech With Ringo Founder-CEO Bhavin Turakhia". NDTV. 24 July 2015.
  36. ^ Mendonca, Jochelle (12 September 2016). "Directi's Bhavin Turakhia to invest $110 million in newer ventures". Economic Times.
  37. ^ "Startup Zeta launches digital LTA solution for employees, Optima Card". Firstpost. 11 January 2017.
  38. ^ "Flock 2.0 update brings Teams functionality, deeper app integration". Mumbai: Daily News and Analysis. 8 September 2017.
  39. ^ Thomas Hector, Dearton (8 September 2016). "Why Bhavin Turakhia thinks Flock 2.0 will be the next big thing in enterprise chat". VCCircle.
  40. ^ Chopra, Ambika (13 September 2016). "Turakhia Brothers To Invest $110 Mn In Four Ventures -- Zeta, Flock, Ringo, & Radix". Inc42.com. Retrieved 24 March 2017.
  41. ^ KJ, Shashidhar (8 January 2016). "Directi's Bhavin Turakhia launches Zeta app to digitize meal vouchers". Media Nama.
  42. ^ "Directi to hire over 1,000 people". Business Standard. 1 July 2017.
  43. ^ "इन भाइयों ने चीन को बेची 6000 करोड़ में कंपनी, 18 साल की उम्र में बने अरबपति". News18 India. 28 August 2016.
  44. ^ "Bhavin Turakhia now bets on Zeta". Bengaluru: The Times of India. 30 September 2016.
  45. ^ a b Kurup, Rajeesh (23 August 2016). "The Turakhia brothers are now worth $1.4 billion". The Hindu Business Line.
  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.
  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.
  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 linksEdit