Bhavin Turakhia Explained

Bhavin Turakhia
Birth Date:	21 December 1979
Birth Place:	Mumbai, Maharashtra, India
Alma Mater:	Arya Vidya Mandir D. G. Ruparel College of Arts, Science and Commerce Sydenham College of Commerce and Economics
Known For:	Directi, 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, Reseller Club, 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.

As of 2022, Bhavin operates companies Titan,^[30] Flock,^[31] Radix and Zeta.^{[32] [33]}

Awards and recognition

• Ranked #95, with a net worth of US$1.3 billion, on the Forbes list of India's 100 Richest People (2016).^{[7] [34] [35]}
• Serial Entrepreneur of the Year and Entrepreneur of the Year in Innovation and Technology by Entrepreneur (2016).^{[36] [37] [38]}
• The ETPanache Trendsetter Award by The Economic Times (2016).^{[39] [40] [41]}
• Young Global Leader by the World Economic Forum (WEF) in Geneva (2011).^[42]
• Bharti Entrepreneur of the Year award by the Bharti Foundation & the Entrepreneurship Development Institute of India (2005).^{[43] [44]}
• Chairperson of the Internet Corporation for Assigned Names and Numbers (ICANN)'s Registrar Constituency for several terms.^{[45] [46]}

See also

• List of Indian entrepreneurs
• List of Internet entrepreneurs

External links

• Bhavin Turakhia's Interview at Businessworld
• How Turakhia duo spends the moolah! at Economic Times
• Bhavin Turakhia's interview at Forbes
• How Bhavin Turakhia is building a 'bank in a box' stack at Business Standard

Notes and References

1. News: Video I followed my father's advice and became a billionaire . . 6 November 2019.
2. News: 2021-08-03 . Automattic Values Business-Email Startup Titan at $300 Million . en . Bloomberg.com . 2022-06-14.
3. News: Bhavin Turakhia to invest $25 mn in Flock, an enterprise team messenger. The Hindu Business Line. 15 March 2017.
4. News: Banerjee. Sudeshna. The winner takes it all. Asian Age. 4 November 2016.
5. News: Mendonca. Jochelle. Directi, founded by brothers Bhavin and Divyank Turakhia, to buy 1 lakh sq feet building. Economic Times. 19 September 2016.
6. News: Family matters: Bhavin Turakhia credits his father, humble beginnings for success . The Economic Times . Dec 3, 2019.
7. News: Raghunathan. Anuradha. Meet the technology whiz kids Bhavin and Divyank Turakhia. Forbes India. 1 December 2016.
8. News: Singh. Rajiv. Bootstrapping – running a startup without equity funding is the better way forward. The Economic Times. 18 January 2016.
9. News: इस गुजराती ने 18 साल की उम्र में ही कर ली 8700 करोड़ की कमाई. Daily Bhaskar. 23 November 2016. hi.
10. News: Sanjay Chandra,11 other Indians among WEF Young Global Leaders. Deccan Herald. 9 March 2011. Geneva.
11. News: 12 Indians among WEF's Young Global Leaders. rediff.com. 14 March 2011.
12. News: World Economic Forum names Bhavin Turakhia 'Young Global Leader 2011'. Business Standard. 18 March 2011.
13. News: Nair. Sulekha. Never give up, take risks, hire best talent: Business lessons from Bhavin Turakhia. Firstpost. 12 September 2016.
14. News: Successful Entrepreneurs Who Were College Drop Outs - Bhavin Turakhia. 2017-12-04. India Times. 2020-05-07. en-US.
15. News: Kurian. Boby. Sharma. Samidha. Brothers born and bred in city sell e-firm for $900m. The Times of India. 23 August 2016. Mumbai. 24 March 2017. 25 March 2017. https://web.archive.org/web/20170325031112/http://epaperbeta.timesofindia.com/Article.aspx?eid=31804&articlexml=Brothers-born-and-bred-in-city-sell-e-23082016001057. dead.
16. News: India's Internet billionaires. https://web.archive.org/web/20160916123149/http://www.telegraphindia.com/1160912/jsp/you/story_107607.jsp. dead. 16 September 2016. Telegraph India. 12 September 2016.
17. Web site: 23 June 2017 . Bhavin Turakhia: The man who is building a Slack killer . 16 January 2023 . FactorDaily.
18. News: The strength of start-ups. Bose. Hiren. 18 December 2016. Deccan Herald.
19. http://money.bhaskar.com/news/MON-INDU-STA-these-two-siblings-become-billionaires-after-selling-their-company-business-news-540237.html मुंबई के दो भाइयों ने 25 हजार को बनाया 9 हजार करोड़, 16 की उम्र बने थे बि‍जनेसमैन...
20. News: Know how these two Mumbai brothers turned Rs 25 thousand into Rs 9,000 crores. 26 August 2016. Zee News.
21. News: Sabharwal. Punita. 10 Takes From Bhavin Turakhia On Tech. Entrepreneur. 2 October 2016.
22. News: Arora. Varun. We will set up family office soon, says Bhavin Turakhia. VCCircle. 26 August 2016.
23. News: Modgil. Shweta. It's Our Moral Obligation To Make An Impact Directly Proportional To Our Potential: Bhavin Turakhia, Co-Founder, Directi Group. 24 March 2017. Inc42.com. 10 January 2017.
24. Web site: Zeta Closes $250 Million SoftBank Funding At $1.5 Billion Valuation. 24 May 2021. www.pymnts.com. 16 January 2023.
25. Web site: Home. Zeta US. 16 January 2023.
26. Web site: Fintech firm Zeta's valuation climbs to $300M in its first external funding round. Manish. Singh. 23 July 2019. TechCrunch. 16 January 2023.
27. Web site: Fintech platform Zeta valued at $300 mn in its Series C round led by Sodexo. Salman. S.H. 23 July 2019. Livemint.
28. News: Banking Tech Startup is Unicorn with $250 Million from SoftBank . Bloomberg . 24 May 2021 .
29. Web site: Titan Email for Professionals and Businesses.. Titan. 16 January 2023.
30. Web site: Bagchi . Sohini . 2021-08-04 . How Bhavin Turakhia's Titan is Disrupting Business Email Market . 2022-06-14 . CXOToday.com . en-US.
31. News: Shaikh . Shadma . 16 March 2017 . Bhavin Turakhia invests $25 mn in enterprise messenger Flock for expansion . 24 March 2017 . Economic Times.
32. News: 24 July 2015 . Personally Tech With Ringo Founder-CEO Bhavin Turakhia . NDTV.
33. News: Mendonca . Jochelle . 12 September 2016 . Directi's Bhavin Turakhia to invest $110 million in newer ventures . Economic Times.
34. News: Sunkara. Keshav. Patanjali's Balkrishna, Turakhia brothers enter Forbes rich list; Flipkart founders exit. VCCircle. 22 September 2016.
35. News: Karmali. Naazneen. As India's Richest Make Big Gains, The Entry Price To The Top 100 Touches $1.25 Billion. Forbes India. 21 September 2016.
36. News: Jain. Samiksha. Here Are The Winners Of The Prestigious 6th Annual Entrepreneur India Awards 2016. Entrepreneur. 5 September 2016.
37. News: Kurup. Rajeesh. The Turakhia brothers are now worth $1.4 billion. The Hindu Business Line. 23 August 2016.
38. News: Bhosale. Akshay. 'Serial Entrepreneur' Bhavin Turakhia Bags Dual Awards At Annual Entrepreneur India Awards 2016!. DigitalConqurer. 25 August 2016.
39. News: ETPanache Trendsetter Awards 2016: Ananya Birla, Dipa Karmakar, Karan Johar emerge winners. The Economic Times. 18 October 2016.
40. News: ET Panache Fetes Young Trendsetters. Times of India. 17 October 2016. Mumbai. 24 March 2017. 25 March 2017. https://web.archive.org/web/20170325030706/http://epaperbeta.timesofindia.com/Article.aspx?eid=31816&articlexml=ET-Panache-Fetes-Young-Trendsetters-17102016001076. dead.
41. News: Search for News, Stock Quotes & NAV's The winners of the ETPanache Trendsetter Awards 2016. The Economic Times. 17 October 2016.
42. News: List of 2011 Young Global Leaders Honourees. World Economic Forum. 20 April 2011.
43. Book: Talent needs opportunity (annual review of activities (2005 - 2006) - Airtel). Bharti Foundation. 15.
44. News: BCEI invites nominations for the Bharti Entrepreneur of the Year Award 2008. Business Standard. 24 November 2008.
45. News: Registrar Constituency Statement. Icann.org. 12 July 2005.
46. News: New. William. ICANN's Process For Strategic Plan, .Net Domain Renewal Questioned. Ip-watch.org. 13 July 2015.