Directi

Bhavin Turakhia

Bhavin Turakhia

Indian businessman

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]

Quick Facts Born, Alma mater ...

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

References

  1. [1]
    "Video I followed my father's advice and became a billionaire". BBC. 6 November 2019.
  2. [2]
    "Automattic Values Business-Email Startup Titan at $300 Million". Bloomberg.com. 3 August 2021. Retrieved 14 June 2022.
  3. [3]
    "Bhavin Turakhia to invest $25 mn in Flock, an enterprise team messenger". The Hindu Business Line. 15 March 2017.
  4. [4]
    Banerjee, Sudeshna (4 November 2016). "The winner takes it all". Asian Age.
  5. [5]
    Mendonca, Jochelle (19 September 2016). "Directi, founded by brothers Bhavin and Divyank Turakhia, to buy 1 lakh sq feet building". Economic Times.
  6. [6]
    "Family matters: Bhavin Turakhia credits his father, humble beginnings for success". The Economic Times. 3 December 2019.
  7. [7]
    Raghunathan, Anuradha (1 December 2016). "Meet the technology whiz kids Bhavin and Divyank Turakhia". Forbes India.
  8. [8]
    Singh, Rajiv (18 January 2016). "Bootstrapping – running a startup without equity funding is the better way forward". The Economic Times.
  9. [9]
    "इस गुजराती ने 18 साल की उम्र में ही कर ली 8700 करोड़ की कमाई" (in Hindi). Daily Bhaskar. 23 November 2016.
  10. [10]
    "Sanjay Chandra,11 other Indians among WEF Young Global Leaders". Geneva: Deccan Herald. 9 March 2011.
  11. [11]
    "12 Indians among WEF's Young Global Leaders". rediff.com. 14 March 2011.
  12. [12]
    "World Economic Forum names Bhavin Turakhia 'Young Global Leader 2011'". Business Standard. 18 March 2011.
  13. [13]
    Nair, Sulekha (12 September 2016). "Never give up, take risks, hire best talent: Business lessons from Bhavin Turakhia". Firstpost.
  14. [14]
    "Successful Entrepreneurs Who Were College Drop Outs - Bhavin Turakhia". India Times. 4 December 2017. Retrieved 7 May 2020.
  15. [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.
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    "India's Internet billionaires". Telegraph India. 12 September 2016. Archived from the original on 16 September 2016.
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    "Bhavin Turakhia: The man who is building a Slack killer". FactorDaily. 23 June 2017. Retrieved 16 January 2023.
  18. [18]
    Bose, Hiren (18 December 2016). "The strength of start-ups". Deccan Herald.[permanent dead link]
  19. [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
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    "Know how these two Mumbai brothers turned Rs 25 thousand into Rs 9,000 crores". Zee News. 26 August 2016.
  21. [21]
    Sabharwal, Punita (2 October 2016). "10 Takes From Bhavin Turakhia On Tech". Entrepreneur.
  22. [22]
    Arora, Varun (26 August 2016). "We will set up family office soon, says Bhavin Turakhia". VCCircle.
  23. [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. [24]
    "Zeta Closes $250 Million SoftBank Funding At $1.5 Billion Valuation". www.pymnts.com. 24 May 2021. Retrieved 16 January 2023.
  25. [25]
    "Home". Zeta US. Retrieved 16 January 2023.
  26. [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. [27]
    S.H, Salman (23 July 2019). "Fintech platform Zeta valued at $300 mn in its Series C round led by Sodexo". Livemint.
  28. [28]
    "Banking Tech Startup is Unicorn with $250 Million from SoftBank". Bloomberg. 24 May 2021.
  29. [29]
    "Titan Email for Professionals and Businesses". Titan. Retrieved 16 January 2023.
  30. [30]
    Bagchi, Sohini (4 August 2021). "How Bhavin Turakhia's Titan is Disrupting Business Email Market". CXOToday.com. Retrieved 14 June 2022.
  31. [31]
    Shaikh, Shadma (16 March 2017). "Bhavin Turakhia invests $25 mn in enterprise messenger Flock for expansion". Economic Times. Retrieved 24 March 2017.
  32. [32]
    "Personally Tech With Ringo Founder-CEO Bhavin Turakhia". NDTV. 24 July 2015.
  33. [33]
    Mendonca, Jochelle (12 September 2016). "Directi's Bhavin Turakhia to invest $110 million in newer ventures". Economic Times.
  34. [34]
    Sunkara, Keshav (22 September 2016). "Patanjali's Balkrishna, Turakhia brothers enter Forbes rich list; Flipkart founders exit". VCCircle.
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    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.
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  37. [37]
    Kurup, Rajeesh (23 August 2016). "The Turakhia brothers are now worth $1.4 billion". The Hindu Business Line.
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    Bhosale, Akshay (25 August 2016). "'Serial Entrepreneur' Bhavin Turakhia Bags Dual Awards At Annual Entrepreneur India Awards 2016!". DigitalConqurer.
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    "ETPanache Trendsetter Awards 2016: Ananya Birla, Dipa Karmakar, Karan Johar emerge winners". The Economic Times. 18 October 2016.
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    "Search for News, Stock Quotes & NAV's The winners of the ETPanache Trendsetter Awards 2016". The Economic Times. 17 October 2016.
  42. [42]
    "List of 2011 Young Global Leaders Honourees" (PDF). World Economic Forum. 20 April 2011.
  43. [43]
    Talent needs opportunity (annual review of activities (2005 - 2006) - Airtel) (PDF). Bharti Foundation. p. 15.[permanent dead link]
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    "BCEI invites nominations for the Bharti Entrepreneur of the Year Award 2008". Business Standard. 24 November 2008.
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    "Registrar Constituency Statement" (PDF). Icann.org. 12 July 2005.
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    New, William (13 July 2015). "ICANN's Process For Strategic Plan, .Net Domain Renewal Questioned". Ip-watch.org.

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