Bhavin Turakhia

Indian businessman

  • CEO & founder of Directi, Titan, Flock, Radix and Ringo
  • Co-founder of Zeta
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]

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[14] and then completed his bachelor's degree in commerce from Sydenham College of Commerce and Economics.[15][16] As of 2017, he is based in London.[17]

Career

In 1998, at the age of 18 and with a capital of ₹25,000[18][19] (equal to roughly US$675 in 1998), Bhavin Turakhia started his first tech venture Directi with his brother Divyank Turakhia.[20][5][21]

In 2014, Bhavin and Divyank sold four of their web companies – BigRock, LogicBoxes, ResellerClub, and Webhosting.info – to web-hosting firm Endurance International Group for $160 million.[22][23]

In July 2019, his banking tech[24] venture Zeta[25] received an investment from Sodexo at a valuation of $300 million.[26][27] In 2021, Zeta secured $250 million[28] in investment from SoftBank Vision Fund 2. This Series C investment values Zeta at $1.45 billion.

In August 2021, Titan,[29] 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,[30][2] Flock,[31] Radix and Zeta.[32][33]

Awards and recognition

See also

  • Biography portal
  • flagIndia portal

References

  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. ^ 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. ^ "Family matters: Bhavin Turakhia credits his father, humble beginnings for success". The Economic Times. 3 December 2019.
  7. ^ a b c 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. ^ "Successful Entrepreneurs Who Were College Drop Outs - Bhavin Turakhia". India Times. 4 December 2017. Retrieved 7 May 2020.
  15. ^ 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.
  16. ^ "India's Internet billionaires". Telegraph India. 12 September 2016. Archived from the original on 16 September 2016.
  17. ^ "Bhavin Turakhia: The man who is building a Slack killer". FactorDaily. 23 June 2017. Retrieved 16 January 2023.
  18. ^ Bose, Hiren (18 December 2016). "The strength of start-ups". Deccan Herald.[permanent dead link]
  19. ^ 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
  20. ^ "Know how these two Mumbai brothers turned Rs 25 thousand into Rs 9,000 crores". Zee News. 26 August 2016.
  21. ^ Sabharwal, Punita (2 October 2016). "10 Takes From Bhavin Turakhia On Tech". Entrepreneur.
  22. ^ Arora, Varun (26 August 2016). "We will set up family office soon, says Bhavin Turakhia". VCCircle.
  23. ^ 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.
  24. ^ "Zeta Closes $250 Million SoftBank Funding At $1.5 Billion Valuation". www.pymnts.com. 24 May 2021. Retrieved 16 January 2023.
  25. ^ "Home". Zeta US. Retrieved 16 January 2023.
  26. ^ Singh, Manish (23 July 2019). "Fintech firm Zeta's valuation climbs to $300M in its first external funding round". TechCrunch. Retrieved 16 January 2023.
  27. ^ S.H, Salman (23 July 2019). "Fintech platform Zeta valued at $300 mn in its Series C round led by Sodexo". Livemint.
  28. ^ "Banking Tech Startup is Unicorn with $250 Million from SoftBank". Bloomberg. 24 May 2021.
  29. ^ "Titan Email for Professionals and Businesses". Titan. Retrieved 16 January 2023.
  30. ^ Bagchi, Sohini (4 August 2021). "How Bhavin Turakhia's Titan is Disrupting Business Email Market". CXOToday.com. Retrieved 14 June 2022.
  31. ^ Shaikh, Shadma (16 March 2017). "Bhavin Turakhia invests $25 mn in enterprise messenger Flock for expansion". Economic Times. Retrieved 24 March 2017.
  32. ^ "Personally Tech With Ringo Founder-CEO Bhavin Turakhia". NDTV. 24 July 2015.
  33. ^ Mendonca, Jochelle (12 September 2016). "Directi's Bhavin Turakhia to invest $110 million in newer ventures". Economic Times.
  34. ^ Sunkara, Keshav (22 September 2016). "Patanjali's Balkrishna, Turakhia brothers enter Forbes rich list; Flipkart founders exit". VCCircle.
  35. ^ 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.
  36. ^ Jain, Samiksha (5 September 2016). "Here Are The Winners Of The Prestigious 6th Annual Entrepreneur India Awards 2016". Entrepreneur.
  37. ^ Kurup, Rajeesh (23 August 2016). "The Turakhia brothers are now worth $1.4 billion". The Hindu Business Line.
  38. ^ Bhosale, Akshay (25 August 2016). "'Serial Entrepreneur' Bhavin Turakhia Bags Dual Awards At Annual Entrepreneur India Awards 2016!". DigitalConqurer.
  39. ^ "ETPanache Trendsetter Awards 2016: Ananya Birla, Dipa Karmakar, Karan Johar emerge winners". The Economic Times. 18 October 2016.
  40. ^ "ET Panache Fetes Young Trendsetters". Mumbai: Times of India. 17 October 2016. Archived from the original on 25 March 2017. Retrieved 24 March 2017.
  41. ^ "Search for News, Stock Quotes & NAV's The winners of the ETPanache Trendsetter Awards 2016". The Economic Times. 17 October 2016.
  42. ^ "List of 2011 Young Global Leaders Honourees" (PDF). World Economic Forum. 20 April 2011.
  43. ^ Talent needs opportunity (annual review of activities (2005 - 2006) - Airtel) (PDF). Bharti Foundation. p. 15.[permanent dead link]
  44. ^ "BCEI invites nominations for the Bharti Entrepreneur of the Year Award 2008". Business Standard. 24 November 2008.
  45. ^ "Registrar Constituency Statement" (PDF). Icann.org. 12 July 2005.
  46. ^ New, William (13 July 2015). "ICANN's Process For Strategic Plan, .Net Domain Renewal Questioned". Ip-watch.org.

External links

Media related to Bhavin Turakhia at Wikimedia Commons