On October 9, 2024, India lost one of its most influential and beloved industrialists, Ratan Tata, at the age of 86. A man of great vision, humility, and heart, Tata’s life was not just about leading a global business empire but also about making an enduring impact on society. His passing marks the end of an era, but his legacy will forever remain etched in India’s business and philanthropic landscape.A Humble BeginningMr. Tata was born on December 28, 1937, in Bombay (now Mumbai), Ratan Naval Tata was the son of Naval Tata and Sooni Commissariat. His early life was marked by emotional upheaval when his parents separated when he was just 10. He was raised by his grandmother, Navajbai Tata, who formally adopted him after his parents' divorce. This period of his life was transformative and shaped the values that later guided him as a business leader with compassion, resilience, and a strong sense of responsibility.He was educated at some of the best schools, he attended Campion School and Cathedral and John Connon School in Mumbai, followed by Bishop Cotton School in Shimla. Later, he moved to the United States, where he completed his high school education at Riverdale Country School in New York and earned a degree in Architecture from Cornell University. He also earned a degree in structural engineering. He also worked there as an architect in the US and had no plan to return.Climbing the Ranks at Tata GroupRatan Tata's journey at Tata Group began in 1961 on the shop floor of Tata Steel, where he worked alongside blue-collar workers, shovelling limestone and working on furnaces. His early exposure to hard work and the grassroots operations of the company laid the foundation for his leadership style—one that always keeps the common man in mind.In 1991, when J.R.D. Tata, his mentor and the then-chairman of Tata Sons, stepped down, he entrusted Ratan Tata with the leadership of the Tata Group. His succession, however, was not without resistance. Several senior executives, who had spent decades at their respective companies, were reluctant to report to the relatively young Tata. He responded by setting a retirement age and making it compulsory for every company under Tata Sons to report to the group office. These changes were controversial but essential for bringing the various companies under a unified leadership.Transforming Tata into a Global GiantUnder Ratan Tata’s stewardship, Tata Group transformed from a largely India-centric conglomerate into a global powerhouse. He led the acquisition of several iconic global companies, including Tetley Tea (UK), Corus Steel (UK), and the prestigious British automotive brands, Jaguar and Land Rover. These deals marked a turning point in India's industrial history and showcased its ability to compete on the global stage.One day when he was travelling in his car, he saw a man on a 2 wheeler struggling to save himself from getting wet. This incident triggered him, and he decided to do something for a middle class man. His vision for Tata Motors and for common man, led to the creation of the Tata Nano, the world’s cheapest car. While the car itself may not have been a financial success, it symbolised Tata’s commitment to innovation and making life easier for the common Indian. For him, it was never just about profits but about making a difference.&nbsp;Navigating Personal StrugglesRatan Tata’s personal life was marked by solitude. Though he came close to marrying four times, circumstances and a sense of duty kept him from settling down. In a candid interview, he once revealed that during his time in Los Angeles, he had fallen in love with a girl, but had to return to India to care for a sick grandmother. The girl’s parents were reluctant to send her to India, and thus, the relationship ended. He remained unmarried and dedicated his life to his work, his employees, and his country.Despite his personal challenges, Tata’s warmth and humility were evident to those who knew him. He maintained strong personal relationships with employees, caring for them like family. The iconic Bombay House, Tata’s headquarters, even had a kennel for stray dogs, that demonstrated his love for animals and commitment to kindness in all forms.<figure class="image"><img style="aspect-ratio:564/832;" src="https://cms.sovrenn.com/uploads/tata_9688a418f2.jpeg" alt="tata" width="564" height="832"></figure>Champion of PhilanthropyBeyond the boardroom, Ratan Tata was a tireless philanthropist. His vision of corporate social responsibility went far beyond mere charity. He believed in using business as a force for good, especially in the areas of education, health, and rural development.Under his leadership, the Tata Education and Development Trust set up a $28 million scholarship fund at Cornell University to support Indian students. Tata Group also donated millions to institutions like Harvard Business School, Carnegie Mellon University, and MIT, making substantial contributions to research in cutting-edge fields such as cognitive systems, autonomous vehicles, and technology for resource-constrained communities.In India, Tata Trusts have consistently supported projects aimed at improving healthcare, education, and the environment. One of the most significant contributions came in 2014, when Tata Group donated ₹950 million to IIT Bombay to create the Tata Center for Technology and Design. This was the largest donation in the institute’s history, reflecting Tata’s belief in empowering the next generation of innovators.As Ratan Tata stepped down from his role as Chairman of Tata Sons in 2012, he left behind an organisation that had grown over 40 times in revenue and 50 times in profits under his leadership. He was succeeded by Cyrus Mistry, though the transition was tumultuous, and Tata eventually returned as interim chairman in 2016 before Natarajan Chandrasekaran took over.Tata’s later years were quieter, but he remained active in investing in startups and mentoring young entrepreneurs. He used his personal funds to invest in innovative ventures like Snapdeal, Ola, and Xiaomi, demonstrating his enduring belief in the power of innovation to shape the future.Legacy Beyond BusinessRatan Tata was more than an industrialist; he was a man who embodied integrity, humility, and a deep sense of duty to the nation. His vision for India was one where businesses could create lasting social change. His leadership transformed the Tata Group into a global entity, but his legacy lies equally in the values he championed—compassion, fairness, and relentless pursuit of excellence.The outpouring of grief and tributes following his death is a testament to the impact he had on millions of lives. His work in business and philanthropy will continue to inspire generations, and his life story will be remembered as a shining example of leadership in service to humanity.As we say goodbye to Ratan Tata, we remember a man who showed the world that business and kindness can go hand in hand. The values he lived by will continue to shape India’s future, just as they shaped his remarkable life.&nbsp;

Mr. Tata was born on December 28, 1937, in Bombay (now Mumbai), Ratan Naval Tata was the son of Naval Tata and Sooni Commissariat. His early life was marked by emotional upheaval when his parents separated when he was just 10. He was raised by his grandmother, Navajbai Tata, who formally adopted him after his parents' divorce. 

Ratan Tata: The great Man Who Merged Business with Compassion and kindness

<h2>Who is Nikita Thakur?</h2>In a world increasingly dominated by digital media, few personalities have risen to prominence as swiftly and impactfully as Nikita Thakur. She is a famous content creator. Through her hard work, research-backed opinions, and relatable content, Nikita has garnered a loyal fan base and made her one of the most influential voices on YouTube.Finding multibagger stocks is important for building wealth. Discover potential multi-baggers at&nbsp;<a href="https://www.sovrenn.com/discovery/Large%20Order%20Receipts">Sovrenn Discovery.</a><h2>Humble Beginnings and the Pursuit of Dreams</h2>Nikita’s story is one of ambition, determination, and the will to rise against all odds. She was born in the small town of Thane in Maharashtra in 1997. Nikita was always fascinated by stories, those told through television, magazines, or gossip shared in passing. Growing up, she was captivated by the world of entertainment and the glitz surrounding celebrities. However, like many young people in India, the path to her dreams was not laid out before her.Education was a priority in her house, and Nikita knew that in order to succeed, she had to combine her passion for storytelling with a solid educational foundation. After completing her early schooling in Maharashtra, she made a pivotal decision to move to Mumbai to pursue higher education. This move was life-changing, not only because it brought her closer to the entertainment industry but also because it allowed her to hone her craft.She enrolled at SVKM’s Mithibai College of Arts. It was here that Nikita’s passion for storytelling truly began to flourish. The vibrancy of Mumbai, its diverse population, and the endless opportunities in the digital space motivated her to start thinking beyond traditional media.After finishing her education, Nikita faced the tough reality that breaking into the media industry was no easy feat. There were countless challenges, including fierce competition, limited opportunities, and the daunting task of making a name for herself. Instead of giving up, Nikita saw an opportunity on the rapidly growing YouTube platform. She understood that the future of storytelling and journalism was moving online, and she was determined to be at the forefront of this digital revolution.With no prior experience in content creation, Nikita took the plunge and started her YouTube channel in 2020. Initially, it was a struggle, she had balanced her work, learning the intricacies of video production, editing, and managing social media. But slowly and steadily, her channel began to gain traction. Her thorough research, combined with her straightforward delivery, made her stand out from other content creators. Nikita’s focus remains on the lighter yet equally important world of celebrity culture. She ensures that her content is not just entertaining but also informative, exploring why celebrity stories matter to a broader audience.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at&nbsp;<a href="https://www.sovrenn.com/education">Sovrenn Education</a><h3>Overcoming Struggles and Building Success</h3>Like any journey to success, Nikita’s path was not without struggles. Her initial videos didn’t attract much attention, and she faced criticism from various quarters—some felt her content was too controversial, while others doubted whether gossip could sustain a serious digital career. But Nikita knew her niche. She had a vision of making celebrity culture more than just frivolous talk. She aimed to educate her viewers about the significance of pop culture and why it reflects larger societal trends.Her persistence paid off. Over time, Nikita’s subscriber count started to soar, reaching over 1.2 million followers, and eventually surpassing 1.4 million. What makes her stand out is her unique ability to weave in-depth research with opinions that challenge her viewers to think beyond the surface. She dives into celebrity scandals, the psychology behind their actions, and the influence these personalities have on public perception. Her content is much more than just gossip, it’s an analysis of the power dynamics within the entertainment world.Despite her immense success, Nikita remains grounded in her roots. She continues to live in India, drawing inspiration from her cultural background to craft content that resonates with her Indian audience. Unlike many influencers who lose touch with their beginnings, Nikita is proud of her small-town origins and uses her platform to encourage others to follow their dreams.<h3>Nikita Thakur Net Worth</h3>Nikita Thakur's income is around 60 lakh to 3 crores. Her rise to fame serves as an inspiration to countless young people who feel they may not have the resources or connections to succeed in the digital age. Nikita’s journey shows that with hard work, determination, and a willingness to adapt, anyone can carve out a space for themselves, even in the highly competitive world of online content creation.Nikita Thakur’s story is a testament to the power of resilience. Her journey from a small-town girl to a digital sensation is one of self-belief, courage, and determination. She has shown that success does not come overnight but is a product of passion, perseverance, and an unwavering commitment to one’s goals. Nikita’s journey is far from over, and as her platform continues to grow, so does her impact on the digital world. Her story reminds us all that with the right mindset, even the most unconventional paths can lead to extraordinary success.Also Read: <a href="https://www.sovrenn.com/knowledge/kunal-shah-the-visionary-behind-freecharge-and-cred">Kunal Shah: The Visionary Behind Freecharge and CRED</a>

Nikita’s story is one of ambition, determination, and the will to rise against all odds. She was born in the small town of Thane in Maharashtra in 1997. Nikita was always fascinated by stories, those told through television, magazines, or gossip shared in passing. Growing up, she was captivated by the world of entertainment and the glitz surrounding celebrities. However, like many young people in India, the path to her dreams was not laid out before her.

Nikita Thakur: The Journey from a Small-Town Girl to a Digital Sensation

<h2>Who is Kunal Shah?</h2>Kunal Shah is an entrepreneur, an angel investor, and founder of fintech companies CRED and FreeCharge. He is one of several Indian entrepreneurs who launched new ventures for the second time. But his journey was not as smooth as his businesses, it was full of ups and downs. let's delve into his journey.Finding multibagger stocks is important for building wealth. Discover potential multi-baggers at&nbsp;<a href="https://www.sovrenn.com/discovery/Large%20Order%20Receipts">Sovrenn Discovery.</a><h3>Early days and Education&nbsp;</h3>Kunal was born in 1983 in Mumbai. His father was a businessman and his mother was a homemaker. He grew up in an environment where resilience was necessary, not a choice. Everything was good but his life took a drastic turn when his family faced bankruptcy when he was just 14. He was forced to take up odd jobs to help his family. He took on a variety of jobs, from delivery agent to data entry operator.Despite these challenges, he continued his education and graduated with a Bachelor of Arts in Philosophy from Wilson College of Mumbai. His decision to pursue philosophy, as he candidly admits, was not because of a deep love for the subject but because the course’s flexible schedule allowed him to continue working. Shah even enrolled in an MBA program at Narsee Monjee Institute of Management Studies but chose to drop out. It was a decision that foreshadowed his unconventional approach to both life and business.These hurdles might have been demotivating. But for Kunal, they became the foundation upon which he built his understanding of consumer behaviour and human psychology, skills that later defined his career and helped him.<h3>The Entrepreneurial Spark</h3>Kunal Shah’s first step into the world of entrepreneurship came in 2009 when he launched PaisaBack which was a cashback platform that focused on providing promotional discounts to users. Though it did not reach massive success, it gave Shah valuable insights into the potential of digital payment systems and the evolving landscape of financial technology.In 2010, along with Sandeep Tandon, Shah co-founded Freecharge. Their vision was clear: make mobile recharges and bill payments easier, faster, and more rewarding for users. What set Freecharge apart was its cashback model, something novel for India at that time. Under Shah’s leadership, the company quickly gained traction and became one of the most popular platforms in the country.&nbsp;By 2015, Freecharge had grown so rapidly that it caught the attention of Snapdeal, which acquired the company in a deal worth over $400 million. This was not just a personal victory for Shah but also a milestone for India’s burgeoning startup ecosystem.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at&nbsp;<a href="https://www.sovrenn.com/education">Sovrenn Education</a><h3>CRED: The Birth of a Fintech Revolution</h3>Despite the success of Freecharge, Kunal Shah wasn’t done yet. In 2018, he embarked on a new venture: CRED which is a platform aimed at rewarding responsible credit card usage. Shah had noticed that millions of Indians were struggling with managing their credit cards, often unaware of their credit scores and the importance of timely bill payments. CRED was his answer to this problem. With its sleek design, user-friendly interface, and innovative rewards system, CRED quickly became a household name in India’s fintech sector.&nbsp;He knew that people are motivated by rewards, and he leveraged that insight to build a platform that made financial responsibility appealing. Today, CRED processes around 20% of India’s credit card payments, boasting millions of users and a valuation of over $2 billion. Throughout his journey, Shah has faced countless obstacles. His early financial hardships shaped his understanding of the struggles many people face when it comes to money management. But what sets him apart is not just his ability to innovate but also his willingness to push through adversity, staying curious and unafraid of failure. Beyond CRED, Shah is a prolific angel investor, backing over 200 companies.&nbsp;His impact extends beyond his ventures, as he frequently shares his wisdom on business, technology, and human behaviour through speaking engagements and social media. His insights, shaped by both his successes and struggles, resonate with entrepreneurs and dreamers alike. Kunal Shah’s story is one of transformation, both personal and professional. He transformed from a boy helping his father’s struggling business to one of India’s most successful fintech entrepreneurs.&nbsp;His journey serves as a beacon of hope for aspiring entrepreneurs, a reminder that even from the humblest beginnings, one can rise to extraordinary heights with hard work, resilience, and an unwavering belief in their vision. Today, Shah stands not only as a fintech pioneer but also as a symbol of perseverance and innovation. His journey is proof that no matter where you start if you have the courage to dream big and the tenacity to see it through, the possibilities are endless.&nbsp;Also Read: <a href="https://www.sovrenn.com/knowledge/viraj-bahl-man-who-sold-his-home-faced-setbacks-before-the-success-of-veeba-foods">Viraj Bahl: Man who sold his home, faced Setbacks before the success of Veeba foods</a>

Kunal Shah is one of several Indian entrepreneurs who launched new ventures for the second time. His journey was so smooth, it was full of ups and downs. let's delve into his journey.

Kunal Shah: The Visionary Behind Freecharge and CRED

<h2>Who is Viraj Bahl?&nbsp;</h2>Viraj is the founder and Managing director of one of the biggest fast-moving consumer goods brands Veeba Foods. They are Sauce Manufacturers brand. The company started in 2013 and now become a known market player in the food industry. But the road to success is seldom smooth, especially in the entrepreneurial world, where every venture is a gamble and every setback feels personal. For Viraj, that road was paved with challenges, heartaches, and moments of intense self-reflection. His story is a testament to perseverance, courage, and the sheer will to rise from failure and build something extraordinary.Finding multibagger stocks is important for building wealth. Discover potential multi-baggers at&nbsp;<a href="https://www.sovrenn.com/discovery/Large%20Order%20Receipts">Sovrenn Discovery.</a><h3>Early days&nbsp;</h3>Viraj Bahl's journey into the food industry began in 2002, but his interest was sparked much earlier during visits to his father’s factory and their Fun Foods stall at Aahar Delhi (his first job). His passion for the business grew over time, and he expressed his desire to join it. However, his father, Rajiv Bahl, insisted that Viraj should first prove himself capable of providing the same life for his family. Determined to meet this challenge, Viraj aimed to pursue food technology but was disappointed by his marks.&nbsp;Shortly after his 12th exams, while feeling uncertain about his future, he came across an advertisement for a marine engineering course in the newspaper.. He studied hard, cleared the entrance exam, and was selected among 46 students. After completing the 3.5-year course, Viraj secured a well-paying job, fulfilling his father’s wishes. Once he felt accomplished, he left his job and asked his father’s permission to finally join the family business, which was then granted.He joined his family’s food processing business in 2002, Fun Foods. Under the leadership of his father, Rajiv Bahl, Fun Foods was growing rapidly, and Viraj played a significant role in its success. Together, they shaped it into a recognizable name in the Indian market.However, despite Viraj’s attachment to Fun Foods and his vision for its future, life had different plans. In 2008, after six years of hard work, the company was sold to Germany's Dr. Oetker for a reported sum of Rs 110 crore. This decision came against Viraj’s wishes—he was passionate about the business and wanted to grow it further. Yet, the deal went through, leaving Viraj at a crossroads. This moment proved a turning point in his entrepreneurial journey. Viraj had to figure out what came next.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at&nbsp;<a href="https://www.sovrenn.com/education">Sovrenn Education</a><h3>The Restaurant Dream</h3>Viraj decided to pursue a new venture. In 2009, he stepped into the restaurant industry, taking a leap of faith and investing in what he thought would be a thriving business. He imagined this new path would help him regain his footing and continue his love for food. However, the restaurant business did not turn out to be the success he had envisioned.By 2013, Viraj’s restaurant was grappling with declining customers and mounting losses. The financial pressure was immense, and he faced a difficult dilemma. It was a low point in his life, where self-doubt and frustration threatened to overpower his entrepreneurial spirit. Yet, deep within, Viraj knew that his journey was far from over.<h3>Selling His Home for Dream: founded Veeba foods</h3>He faced mounting losses and a bleak future. Viraj made a decision that changed&nbsp; the course of his life. At this point, when most people might have given up, he made a bold and heart-wrenching choice—he sold his home. This was not just a financial transaction but a symbolic moment where he traded his security for the hope of rebuilding his dream.He got Rs 50 lakh from selling his house, Viraj ventured back into the food processing industry, determined to carve out a new path. In 2013, he founded Food Services with a small setup in Neemrana, Rajasthan and named it Veeba&nbsp;after his mothers name. His experience from Fun Foods and his understanding of the food market gave him a foundation to start again, but the struggle was far from over.<h3>Building Veeba: From Small Beginnings to Industry Leader</h3>Veeba’s early days were marked by uncertainty. Viraj initially focused on B2B sales, supplying unique sauces and condiments to fast food chains. Those first six months were especially difficult with minimal demand and no financial cushion to fall back on. However, just when it seemed things couldn’t get worse, a glimmer of hope appeared in the form of an investment from Deepak Shahdadpuri of DSG Consumer Partners. This timely investment gave Viraj the push he needed to expand operations and stabilise his business.Slowly but surely, Veeba started gaining traction. Large orders from fast-food giants like Domino’s and KFC helped Viraj’s company establish itself as a serious player in the industry. What had started as a B2B venture with a few products gradually blossomed into one of India’s leading retail brands in sauces and condiments.Also Read: <a href="https://www.sovrenn.com/knowledge/from-aspiring-singer-to-financial-guru-the-journey-of-ca-rachana-ranade">From Aspiring Singer to Financial Guru: The Journey of CA Rachana Ranade</a>Viraj’s persistence began to pay off in a big way. By 2023, Veeba had grown from its modest beginnings to become the largest homegrown sauce and condiments brand in India, with a revenue of Rs 811 crore in FY23. From working with a handful of fast-food chains, the company now operates in over 700 cities, with 1.5 lakh retail points and a portfolio of over 80 products spanning 14 categories.Today, Veeba’s revenue comes largely from retail, with 92% of its earnings generated from this sector. The company has moved beyond sauces and condiments and expanded its range to cater to the ever-evolving taste of Indian consumers. Viraj’s vision didn’t stop at the domestic market; Veeba has successfully ventured into international exports, with a presence in Australia, Singapore, China, and the USA. In the years to come, Veeba is on track to exceed Rs 1000 crore in revenue, with plans to diversify further.&nbsp;Viraj Bahl’s story is not just one of business success; it is a narrative about determination, resilience, and a relentless belief in oneself. His decision to sell his home for a business idea that had no guarantee of success was a gamble few would take. But it was precisely this sacrifice and his ability to learn from past mistakes that set him apart from others.Despite the hardships, Viraj never gave up. He rebuilt his life from the ground up, using the lessons he learned during his Fun Foods and restaurant days to propel Veeba into a household name. Viraj’s journey shows that success is not just about financial gain—it’s about taking risks, enduring setbacks, and believing that even in the darkest of times, there is always a chance for a fresh start.Also Read: <a href="https://www.sovrenn.com/knowledge/sachin-bansal-the-entrepreneur-who-never-gave-up-founded-startups-like-flipkart-and-navi">Sachin Bansal: The Entrepreneur Who Never Gave Up, founded startups like Flipkart and Navi</a>Written by Manvi

Learn about Viraj, founder and Managing Director of Veeba Foods, a leading sauce manufacturer in the fast-moving consumer goods sector. Discover how his journey from marine engineer to entrepreneur transformed the food industry since the company's inception in 2013.

Viraj Bahl: Man who sold his home, faced Setbacks before the success of Veeba foods

<h2>Who is Sachin Bansal?</h2>Sachin Bansal, a name synonymous with India’s digital revolution, is the entrepreneurial genius who co-founded Flipkart and later went on to establish the Navi Group. His journey from a small startup in a modest apartment in Bangalore to becoming one of India’s most successful entrepreneurs is a tale of perseverance, vision, and relentless determination. But like all great stories, his success has come with its fair share of challenges. His life is a testimony to the belief that nothing can stop a determined soul from achieving greatness, even when the road to success is lined with obstacles.Finding multibagger stocks is important for building wealth. Discover potential multi-baggers at&nbsp;<a href="https://www.sovrenn.com/discovery/Large%20Order%20Receipts">Sovrenn Discovery.</a><h2>Early Life and Education: Foundations of a Dreamer</h2>Sachin was born on August 5, 1981, in Chandigarh. He grew up in a typical Indian middle-class household. His father was a businessman, and his mother a homemaker. Sachin’s schooling at St. Anne’s Convent School set the stage for his academic brilliance. He was an exceptional student, and his family nurtured his talent by encouraging him to strive for excellence in his studies.Sachin’s aspirations were as lofty as his talent, and with sheer hard work, he secured an impressive 49th rank in the All India JEE. he got a place at Indian Institute of Technology (IIT) Delhi, where he pursued a degree in Computer Science. At one point, he dreamed of becoming a professional gamer, but fate had something bigger in store for him. His time at IIT Delhi not only gave him the technical foundation to excel in the digital world but also connected him with people who later shaped his entrepreneurial journey, including his future business partner, Binny Bansal.<h3>The Beginning of the Flipkart Journey</h3>After graduating, Sachin Bansal took his first steps into the corporate world. He started his career at Techspan and then moved to Amazon India as a Senior Software Engineer. It was here that he got a firsthand view of the e-commerce landscape and the vast opportunities waiting to be tapped in India. It was also here that he reunited with his friend Binny Bansal, who was working in the same team.Together, Sachin and Binny began to dream of creating something bigger, something that could change the way Indians shopped. In 2007, they decided to quit their well-paid jobs and venture into the world of e-commerce. What started as an idea for a comparison search engine quickly transformed into the launch of Flipkart with an initial capital of ₹4,00,000. In the beginning, it was an online bookstore, They operated out of a two-room apartment in Koramangala, Bangalore. Little did they know, that this humble beginning would soon revolutionise Indian e-commerce.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at&nbsp;<a href="https://www.sovrenn.com/education">Sovrenn Education</a><h3>Scaling Flipkart: From Books to Billion-Dollar Success</h3>Flipkart’s journey was anything but easy. In the early days, it was challenging to convince vendors, particularly in India, to trust an online platform. But Sachin’s relentless drive and his ability to spot the gap in the market helped Flipkart gain popularity. Starting with books, Flipkart eventually expanded into electronics, fashion, and household items, becoming a go-to destination for millions of Indian shoppers. By 2010, Flipkart had cemented its place as the number one online bookstore in India.In 2012, Flipkart became India’s second unicorn after raising $150 million from ICONIQ Capital. The company’s growth was meteoric, with investors lining up to back the Indian e-commerce giant. Flipkart’s success story was not just a business triumph but a symbol of India’s potential in the digital economy. But with success came challenges, both personal and professional, for Sachin Bansal.<h3>The Walmart Deal: When Triumph Turns to Tragedy</h3>Despite Flipkart’s massive success, 2016 marked a turning point in Sachin’s journey. Investors forced him to step down from his role as CEO due to decisions they deemed detrimental to the company’s growth. Binny Bansal, who was appointed CEO in his place, struggled to ease Sachin’s disappointment. The company he had nurtured from the ground up was now slipping away from him, and in 2018, when Walmart proposed acquiring a majority stake in Flipkart, Sachin’s dream of reclaiming his position was shattered.Sachin had hoped that the deal would allow him to buy back some of his shares and reenter Flipkart’s leadership. However, the terms of the acquisition only allowed one co-founder to stay, and the investors chose Binny. Sachin was forced to exit the company he had built, but not before selling his stake and walking away as a billionaire. What should have been a moment of celebration was instead marked by deep personal loss for Sachin, who had always envisioned making Flipkart a $100 billion company.Also Read: <a href="https://www.sovrenn.com/knowledge/nitish-rajput-s-journey-from-shy-student-to-influential-you-tuber-earning-crores">Nitish Rajput's Journey: From Shy Student to Influential YouTuber earning crores</a><h3>Navi: A New Beginning</h3>After leaving Flipkart, Sachin took a brief hiatus, but the fire within him hadn’t dimmed. In 2019, he co-founded BACQ Acquisitions Pvt. Ltd. with his batchmate Ankit Agrawal, eventually rebranding it as Navi. Sachin’s vision for Navi was ambitious. He wanted to create a fintech company that would provide a wide range of financial services, including digital loans, insurance, and mutual funds.Navi made a series of strategic acquisitions, including Chaitanya Rural Intermediation Development Services (CRIDS), Essel Mutual Funds, and DHFL General Insurance, as part of Sachin’s plan to meet the RBI’s strict requirements for a Universal Banking License. Under his leadership, Navi quickly grew into a full-fledged Non-Banking Financial Company (NBFC), showing impressive growth in revenue.Navi faced public backlash after it was reported that personal loan messages were sent to people who had never used their services. These issues culminated in the RBI rejecting Navi’s application for a Universal Banking License in 2022. Despite these setbacks, Sachin remained undeterred, expressing his commitment to improving Navi’s operations and reapplying for the licence in the future.<h3>Sachin Bansal family</h3>Sachin married Priya Bansal who is a dentist by profession in 2008, the couple also has a son. His wife Priya Bansal was in the News in 2020, she has filed a dowry harassment case against him and his family. Besides this, She had also moved to Bengaluru’s Family Court for sole custody of their minor son and asked Bansal to pay Rs 2 lakh monthly for their son. The matter is pending in court.<h3>Sachin Bansal net worth</h3>Sachin's net worth is around $1.2B, according to the Forbes. Sachin Bansal’s life is a testament to the highs and lows of entrepreneurship. From building Flipkart into a billion-dollar giant to facing personal and professional setbacks, his journey has been anything but easy. Yet, through it all, he has remained resilient, refusing to give up on his vision.His story teaches us that success is not always about shining moments but about how one rises after every fall. Sachin Bansal continues to inspire countless aspiring entrepreneurs in India and beyond, showing that with determination and grit, anything is possible, even when life keeps throwing roadblocks in your way.Also Read: <a href="https://www.sovrenn.com/knowledge/yashish-dahiya-the-journey-of-building-policy-bazaar">Yashish Dahiya: The journey of building PolicyBazaar</a>

Sachin Bansal, a name synonymous with India’s digital revolution, is the entrepreneurial genius who co-founded Flipkart and later went on to establish the Navi Group. Sachin was born on August 5, 1981, in Chandigarh. He grew up in a typical Indian middle-class household. His father was a businessman, and his mother a homemaker.

Sachin Bansal: The Entrepreneur Who Never Gave Up, founded startups like Flipkart and Navi 

<h2>Who is the founder of Policy Bazaar?</h2>Yashish Dahiya is the CEO of PB fintech. Yashish&nbsp;, Alok Bansal, and Avaneesh Nirjir (Left in 2011) are the co-founders of Policybazaar which is the flagship platform of PB Fintech Ltd. It is one of India's largest online insurance platforms.The story of Yashish Dahiya, one of the founders of Policybazaar, resonates deeply with anyone who has ever felt out of place or struggled to find their identity. It's a tale of perseverance, resilience, and unwavering determination. Today, Policybazaar stands tall as one of India’s most prominent homegrown brands, but the path to this success was neither easy nor linear. Dahiya’s journey is as much about overcoming personal battles as it is about creating an impact-driven, successful business.Finding multibagger stocks is important for building wealth. Discover potential multi-baggers at&nbsp;<a href="https://www.sovrenn.com/discovery/Large%20Order%20Receipts">Sovrenn Discovery.</a><h3>Yashish Dahiya Early days and life</h3>Dahiya was born into an Army family in 1972, his early dream was to serve the country. His father Jogiram Dhahiya was a colonel. As a child, his dreams used to fluctuate with every new school. He lived in different states of the country. He was an extroverted child till he was 8 years old. After that, he went to a hostel and his struggles began in life. As an eight-year-old boy, he found himself feeling like a misfit among his peers.&nbsp;He says he wasn't super confident as a child in his hostel days. There was always some fight happening between his classmates. His peers overshadowed him, and he struggled to find his place in a world that often seemed too big for him. Gradually, he became an introverted person.Dahiya did not think of going to IIT till 11th, when he was in St. Columbus and a few of his classmates encouraged him as his maths and physics were pretty good. He cleared the IIT exam and got admission to IIT in Delhi where he completed his B.tech. In IIT, he was famous because of his sports. Dahiya found a glimmer of hope, his identity came through running.&nbsp;Everyone started recognizing him for running. These victories ignited confidence in him and later fuelled his ambitious journey as an entrepreneur. Running, both literally and metaphorically, became his way forward. It was this simple act that taught him the power of perseverance and the value of self-belief. Later, &nbsp;Dahiya earned a postgraduate diploma from IIM and also completed his MBA from INSEAD.Yashish Dahiya began his professional career in 1996 as a Business Unit Head at Illinois Tool Works. In 2001, he joined Bain &amp; Co. as a management consultant. Later he served as Managing Director at Ebookers Plc for 2 years. In 2005, Yashish founded First Europa, an insurance aggregator, where he acted as CEO. This determination carried him through various stages of life, from excelling in his education to carving a niche for himself in the startup world. These experiences also helped him to found PB.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at&nbsp;<a href="https://www.sovrenn.com/education">Sovrenn Education</a><h3>Birth of Policy Bazaar&nbsp;</h3>The entrepreneurial venture, Policybazaar, wasn't just a business idea. The story started when Yashish Dahiya’s father was cheated by a few insurance brokers. They faced very high financial losses. This was the time when he learned about the huge fraud committed by policy agents.The transactions looked clean on the face of it but the reality emerged when he looked in closely. This got him thinking about how people are getting duped, so he came into being PolicyBazaar. So Dahiya went on a crusade and co-founded Policy Bazaar, which allows consumers to compare insurance policies and purchase a policy that makes sense for them. He wanted to make it fraud-free. He wanted to build something solid, rooted in impact and progress.Policybazaar was founded in 2008 with one objective to bring transparency in insurance. They started the company with just 14 hardworking individuals. Yashish Dahiya started with his two friends and co-founders Alok Bansal, and Avaneesh Nirjar. In the beginning, it was an insurance comparison website. At that time, the Indian insurance industry lacked transparency and policies were mostly sold through agents.<h3>Challenges&nbsp;</h3>Indeed, Policybazaar is no ordinary startup. The company has weathered many storms to emerge as a unique, homegrown brand that has revolutionised the insurance sector in India. In the starting years, people did not believe in them. The insurance selling companies don’t want to sell their product through policy bazaar websites. They used to believe that this idea of digital policy comparison would not work in the insurance market. He had a grand vision, and finally, he persuaded some companies.Despite this grand vision, Dahiya remains grounded in his belief that progress is made through daily, consistent effort. His mantra for building a successful business has always been to “make progress every day.” This simple but powerful approach is what has driven Policybazaar through its ups and downs. With time the company has improved its features.In 2013, they introduced a feature enabling users to not only compare but also purchase policies directly from their website. In 2014, they expanded their offerings with additional insurance types and launched their app to enhance customer experience. This propelled the company to become India's second-largest fintech unicorn in 2018. The company also launched its IPO in 2021.&nbsp;Dahiya's goal has always been clear: to inspire confidence in the customer. This commitment was further reinforced with Policybazaar’s recent tagline, “Har Family Hogi Insured” (Every Family Will Be Insured), reflecting the brand’s mission of making financial security accessible across Indian households.Also Read: <a href="https://www.sovrenn.com/knowledge/from-sadar-bazar-shop-to-10-crores-worth-brand-kalakaram-chaitanya-malhotra-in-shark-tank-india">From Sadar Bazar Shop to 10 crores worth brand Kalakaram: Chaitanya Malhotra in Shark Tank India</a><h3>Yashish Dahiya Family</h3>But behind the public success lies a more personal story of sacrifice and resilience. For Dahiya, the journey of Policybazaar is not just his own; it belongs to his family—both his work family at Policybazaar and his biological family. Yashish Dahiya is married to Shikha Dahiya and the couple are blessed with two children. He often spoke in his few interviews about the emotional toll his frequent travels between India and the UK took on his family.&nbsp;His daughter eventually understood his dual responsibility, but his young son often cried at their goodbyes, unable to grasp why his father had to leave so often. His family has also sacrificed along with him for the business. He says a sense of shared responsibility and selflessness lies at the heart of Policybazaar's culture. Dahiya humbly acknowledges he doesn't do things to be a leader. he likes being free, and he assumes that others are like him.<h3>Yashish Dahiya as Ironman&nbsp;</h3>Yashish is an outdoor enthusiast and fitness aficionado. He completed the Triathlon in Kalmar, Sweden (which included back-to-back swimming, cycling, and running), and holds the fifth-fastest Ironman and third-fastest half Ironman timings among Indians. He is known by the name ‘Ironman’ for completing the Ironman triathlon in less than 12 hours. He also enjoys skiing with his family.Yashish Dahiya’s journey is not just the story of building a billion-dollar startup; it’s a story of courage, empathy, and perseverance. It’s a testament to how personal struggles can shape our professional lives in profound ways, and how one man’s quest for clarity and impact has transformed an entire industry. Policybazaar’s success is a reflection of Dahiya’s vision, but more importantly, it’s a reflection of the sacrifices made along the way.Also Read: <a href="https://www.sovrenn.com/knowledge/bhavish-aggarwal-the-journey-of-a-young-and-visionary-entrepreneur-behind-ola-s-success-1">Bhavish Aggarwal: The journey of a young and Visionary entrepreneur Behind Ola’s Success</a>

Yashish Dahiya, Alok Bansal, and Avaneesh Nirjir (Left in 2011) are the co-founders of Policybazaar which is the flagship platform of PB Fintech Ltd. It is one of India's largest online insurance platforms.

Yashish Dahiya: The journey of building PolicyBazaar

<h2>Who is Bhavish Aggarwal?&nbsp;</h2>Bhavish Aggarwal is the founder of OLA cabs which is not only India's largest mobility platform but also famous in the world. In a world where public transportation often falters, and personal vehicles are not always available, Bhavish Aggarwal has offered millions of people a way out.&nbsp;Whether it’s rushing to the airport at dawn, hailing a ride home after midnight, or seeking urgent transport during an emergency, Ola Cabs has been the lifeline for countless commuters across India and beyond. The brainchild of Bhavish Aggarwal, Ola has not only transformed urban transportation but has also written a story of entrepreneurial grit, innovation, and persistence.Finding multibagger stocks is important for building wealth. Discover potential multi-baggers at&nbsp;<a href="https://www.sovrenn.com/discovery/Large%20Order%20Receipts">Sovrenn Discovery.</a><h2>Bhavish Aggarwal's Early Life and Education</h2>Bhavish Aggarwal’s journey is a tale of passion, courage and pursuit of dreams. He was born in August 1985, in Afghanistan. He came to India when he was 8-9 years old, they came to Ludhiana, Punjab. He grew up in a loving, supportive family that instilled in him the values of hard work and resilience. His parents are professional doctors. He has been good at studies since childhood.&nbsp;But he failed in his first attempt, and went to Kota for preparation. His brilliance shone in his second attempt, when he got AIR 23rd rank in JEE. He went to IIT Bombay, where he completed his B.Tech in Computer Science in 2008. Bhavish also met his co-founder Ankit Bhati in his college who was his neighbour in IIT hostel. &nbsp;Straight out of college, Bhavish took his first step into the corporate world by joining Microsoft in 2007 as a research intern. His exceptional talent quickly led to him being absorbed as an assistant researcher, where he authored three papers in international journals and filed two patents. However, something inside him craved more, a desire to create something meaningful that he could call his own.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at&nbsp;<a href="https://www.sovrenn.com/education">Sovrenn Education</a><h3>Ola cabs: The Birth of his Dream</h3>Bhavish’s turning moment came in 2010 during a trip from Bangalore to Bandipur. His cab driver suddenly stopped the car mid-way and started haggling over the fare. He leaves Bhavish stranded in the middle of nowhere. This frustrating experience sparked an idea in his mind. He realised the need for a reliable, efficient, and user-friendly cab service. From this seemingly small inconvenience, Ola Cabs was born.In 2010, Bhavish co-founded Ola with his college friend Ankit Bhati and pivoted from a small travel-planning company, OLAtrip.com, into a full-fledged cab aggregation platform. They started their office from one BHK flat in Powai. Little did they know, their startup would one day redefine the way India commutes.His family was pretty worried about his career as they were thinking his start up would change into a travel agency and Bhavesh would be a travel agent for it. His father did not speak him for six months.&nbsp;<figure class="image image_resized" style="width:89.84%;"><img style="aspect-ratio:500/500;" src="https://cms.sovrenn.com/uploads/Bhavish_Aggarwal_7bfb489b7d.png" alt="Bhavish Aggarwal.png" width="500" height="500"></figure><h3>Challenges&nbsp;</h3>No entrepreneurial journey is without its hurdles, and Bhavish’s story was no exception. The initial days were tough. Convincing investors, drivers, and even customers to trust his fledgling company seemed an uphill task. They competed with well-established players like The Radio Taxi Services and FastTrack, Ola faced stiff competition. Bhavish’s vision, however, remained unwavering. Every challenge strengthened his resolve to offer a better, more accessible transportation solution.Early on, Ola allowed customers to book taxis over the phone. By 2012, it launched a smartphone app that revolutionised the entire industry. With Ola’s entry, India’s ride-hailing market changed forever. It wasn’t just a cab service; Ola was an inclusive platform offering auto-rickshaws, two-wheelers, and more recently, electric vehicles (EVs). They aimed at making transportation easier, more affordable, and eco-friendly.Also Read: <a href="https://www.sovrenn.com/knowledge/the-story-of-bo-at-founder-aman-gupta-struggle-behind-the-success">The story of boAt founder Aman Gupta, Struggle Behind the Success</a><h3>The Rise of Ola Electric</h3>Bhavish’s ambition did not stop at cabs. In 2021, he entered the rapidly evolving electric vehicle (EV) space with Ola Electric. In just two years, Ola Electric sold over 239,000 electric scooters, dominating 38% of the EV market in India. According to reports by the Society of Manufacturers of Electric Vehicles, Ola’s aggressive expansion into this space set it up as a pioneer, not just in India, but across Southeast Asia, Latin America, and Europe.His vision for Ola Electric didn’t stop at scooters, they also launched electric bikes. His steadfast commitment to sustainability is a clear reflection of his determination to reduce carbon emissions and promote eco-friendly solutions.In a Bloomberg interview, he remarked, “Now I can feel that it will be much earlier. Ola Electric has grown and matured faster than I had initially planned because the market response has been very strong.” His belief in innovation, and the speed with which he embraces it, is at the heart of Ola’s success.Ola’s journey to the top wasn’t without its setbacks. Regulatory hurdles, intense competition from global giants like Uber, and the constant pressure of raising capital to scale the business were massive challenges. Yet, Bhavish’s inspirational leadership, adaptability to the market, and willingness to fight through adversity have made Ola a $3.5 billion empire, according to Vanguard reports. The company is India’s transportation leader, boasting a 60% market share in 2014 alone.What sets Bhavish apart is his unyielding determination to not just build a business but to offer solutions to real-world problems. His company has transcended the boundaries of just cab services, offering food delivery, auto-rickshaws, and even electric vehicles. Ola is now a platform for holistic urban mobility solutions.Also Read: <a href="https://www.sovrenn.com/knowledge/from-metro-coffee-stall-to-establishing-a-brand-tiggle-anuva-kakkar-s-inspiring-journey-in-shark-tank-india">From metro coffee stall to establishing a Brand "Tiggle": Anuva Kakkar's Inspiring Journey in Shark Tank India</a><h3>Awards and Recognition</h3>Bhavish Aggarwal has been showered with accolades for his transformative contributions to the Indian startup ecosystem. In 2013, he was honoured with South Asia’s mBillionth Award for digital innovations. His name graced Time magazine’s 100 Most Influential People list in 2018, alongside global change-makers. He has been recognized by Forbes India’s 30 Under 30 and Fortune India’s 40 Under 40.Despite his meteoric rise, Bhavish remains grounded. His passion for photography, cycling, and squash reveals a man who finds joy beyond boardrooms and business deals. Bhavish is also a dedicated mentor, helping to shape the future of India’s startup landscape. He has become an inspiration to countless budding entrepreneurs across the country.<h3>Bhavish Aggarwal wife&nbsp;</h3>Behind every successful man, there’s often a supportive partner, and for Bhavish, that person is his wife, Rajalakshmi, a Tamilian doctor whom he met in 2007. Their love story blossomed over the years, and they tied the knot in 2014 after dating for nearly seven years. Today, the couple is proud parents of two children and balancing family life with their professional commitments.Bhavish Aggarwal’s journey from being stranded on a roadside to building one of India’s largest and most innovative companies is nothing short of awe-inspiring. His ability to turn challenges into opportunities, paired with his relentless pursuit of excellence. In an era where India is embracing entrepreneurship, his narrative serves as a beacon of hope for aspiring entrepreneurs.Also Read: <a href="https://www.sovrenn.com/knowledge/the-inspiring-journey-of-varun-dua-and-acko">The Inspiring Journey of Varun Dua and ACKO</a>Written by Manvi

Bhavish Aggarwal’s journey is a tale of passion, courage and pursuit of dreams. He was born in August 1985, in Afghanistan. He came to India when he was 8-9 years old, they came to Ludhiana, Punjab. He grew up in a loving, supportive family that instilled in him the values of hard work and resilience.

Bhavish Aggarwal: The journey of a young and Visionary entrepreneur  Behind Ola’s Success 

<h2>Who is Varun Dua?</h2>Varun Dua, the visionary behind ACKO General Insurance. He has redefined the insurance landscape in India. ACKO stands out as India's first fully digital insurance company. Varun’s journey from humble beginnings to founding a billion-dollar unicorn is a powerful testament to innovation, persistence, and entrepreneurial drive. Let’s delve into his inspiring journey.Finding multibagger stocks is important for building wealth. Discover potential multi-baggers at&nbsp;<a href="https://www.sovrenn.com/discovery/Large%20Order%20Receipts">Sovrenn Discovery.</a><h2>Early Life, Education and Career</h2>Varun was born in 1981 in a middle-class family in Delhi. He was brought up in Juhu Bandra, Mumbai. He grew up in a family, where hard work and persistence were core values. His father, Chander Mohan Dua, and mother, Rashmi Dua, provided a solid foundation of support. His Father was in a Public sector company and his mother was a government school Principal under the Maharashtra state board.&nbsp;Varun attended the University of Mumbai for his bachelor’s degree and later pursued a Master’s degree at MICA, Ahmedabad. His academic journey and upbringing laid the groundwork for his future as a transformative leader. His family always wanted him to have a secure job for him, so he found a job.Varun's career began in as a trainee at Leo Burnett. However, his true calling came when he transitioned into the financial services industry. He worked at TATA AIG Life Insurance and Franklin Templeton Investments as a marketing manager, where he gained a deeper understanding of the insurance market. He took a break after leaving Franklin Templeton Investments.During his time at these firms, Varun realised that the traditional insurance sector was riddled with some inefficiencies. Customers often faced complex procedures, overwhelming paperwork, and high premiums due to middlemen. This insight later fueled his entrepreneurial journey. He saw that insurance companies always face struggles with software.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at&nbsp;<a href="https://www.sovrenn.com/education">Sovrenn Education</a><h3>First Venture</h3>He met a guy from IIT Bombay who was a great developer. So he decided to launch a company focused on developing a software.Varun’s first venture was an aggregator platform, Coverfox which allowed customers to compare and buy insurance policies online. However, over time, he realised that this approach wasn’t the ideal solution for addressing the industry’s challenges. Reflecting on this experience, he noted that while the venture wasn’t a failure, it didn’t achieve the success he had envisioned.&nbsp;Recognizing the limitations of the model he had chosen, he decided to pursue a new direction. Seeking better opportunities, he relocated to Bangalore with the goal of starting something of his own that truly transformed the insurance landscape.<h3>The Birth of ACKO</h3>In 2016, Varun Dua founded ACKO General Insurance, India’s first digital-only insurance platform. Varun saw a gap in the market, customers needed an easier, more transparent way to buy insurance. With ACKO, he aimed to eliminate traditional hurdles such as complex paperwork, lengthy processes, and hidden costs. ACKO's slogan, "Insurance made easy: Zero Commission. Zero Paperwork," resonated with millions.ACKO's digital-first approach revolutionised the industry and offered customers a direct, hassle-free way to purchase policies. By cutting out middlemen and using technology to streamline operations, ACKO was able to provide affordable insurance to a wide range of customers.Since its inception, ACKO has grown rapidly, acquiring over 45 million customers. By offering a range of general insurance products including motor, health, and life insurance. Its low-cost digital platform, combined with features like "Full Paisa Vasool" campaigns, caught the attention of people , further solidifying its market presence.Varun Dua’s success lies in his ability to understand the needs of the modern customer. By offering transparent, easy-to-understand policies, ACKO has eliminated the barriers that traditional insurance companies rely on. This customer-centric approach has been the key to ACKO’s rapid growth.Also Read: <a href="https://www.sovrenn.com/knowledge/from-studying-under-a-tree-to-billion-dollar-success-zscaler-founder-jay-chaudhry-s-story">From Studying Under a Tree to Billion-Dollar Success: Zscaler founder Jay Chaudhry's Story</a><h3>Challenges</h3>Like any entrepreneurial journey, Varun faced significant challenges, particularly around trust. The insurance industry in India has historically been plagued by distrust due to false claims, high premiums, and settlement failures. ACKO was no exception; initially, Varun struggled to win over customers.However, he persisted, understanding that trust was key. By focusing on excellent customer service and transparent policies, ACKO slowly gained the confidence of millions of Indians. ACKO’s efforts were recognized through numerous awards, such as the ‘Golden Peacock Innovative Product Award’ in 2019 and ‘Most Innovative Insurer in Non-Life Segment’ at the FICCI Insurance Industry Awards 2020.<h3>Varun Dua's net worth</h3>Varun Dua's net worth is around 107 crores. But, his personal success is also notable. With his net worth, he has made strategic investments in startups like Dezerv, Kuvera, and BNC, showcasing his keen entrepreneurial spirit. His most recent investment was in Tohands (Angel Round) in March 2024, continuing his support for early-stage ventures.<h3>Varun Dua Family</h3>Varun Dua has a supporting family who always supported him. Despite his demanding professional life, he remains grounded in his personal life. Varun is married to Sapna Rana, and together they continue to reside in Mumbai. His family has been a constant source of support throughout his journey.Varun’s wife was working at Radio Mirchi when he was struggling with his startup. Varun says the best part is that they both are good friends which really helped them during their busy schedule.Also Read: <a href="https://www.sovrenn.com/knowledge/honest-home-company-s-founder-mayank-pratap-sisodia-s-honesty-wins-hearts-and-deal-on-shark-tank-india">Honest Home Company's founder Mayank Pratap Sisodia's Honesty Wins Hearts and Deal on Shark Tank India</a><h3>Varun Dua’s Investments and Shark Tank India</h3>Beyond ACKO, Varun Dua has become a central figure in India’s burgeoning start-up ecosystem. In 2023, he joined the panel of Shark Tank India, where he invested in promising ventures such as BrownDoor.ai, Plus (a savings app), and Tohands. His presence on the show not only brought financial backing to entrepreneurs but also provided invaluable mentorship and insights.Varun’s participation in Shark Tank India reflects his commitment to fostering innovation and supporting the next generation of entrepreneurs. Through his investments and mentorship, he is helping to create jobs and contribute to India’s economic growth.Varun Dua’s journey from a middle-class upbringing to founding a billion-dollar digital insurance company is an inspiration to aspiring entrepreneurs across India. He identified a gap in the market, took bold risks, and revolutionised an industry that was long overdue for change. .Today, Varun Dua stands as a beacon of entrepreneurial success and demonstrates that with the right vision and execution, it is possible to disrupt industries, empower customers, and achieve remarkable growth. His journey is not just a testament to business acumen but also a story of self-belief and hard work.Also Read: <a href="https://www.sovrenn.com/knowledge/sriharsha-majety-the-visionary-behind-swiggy-s-success">Sriharsha Majety: The Visionary Behind Swiggy's Success</a>Written by Manvi

Explore the inspiring journey of Varun Dua, the visionary founder of ACKO, as he revolutionizes the insurance industry. Discover his innovative approach and the company's commitment to customer-centric solutions.

The Inspiring Journey of Varun Dua and ACKO

<h2>Who is Sriharsha Majety?</h2>Sriharsha Majety is the founder of the famous food delivery application Swiggy. The app has brought food and happiness to millions of doorsteps across India. But behind this giant success is the visionary Sriharsha Majety, whose journey is as inspiring as the app he built.&nbsp; His life is a story of passion, determination, and the courage to follow his heart.&nbsp;Finding multibagger stocks is important for building wealth. Discover potential multi-baggers at&nbsp;<a href="https://www.sovrenn.com/discovery/Large%20Order%20Receipts">Sovrenn Discovery.</a><h3>Early Life and Education</h3>Sriharsha Majety was born in Andhra Pradesh in 1986 in a well educated family. Sriharsha pursued a Bachelor of Engineering (BE) degree in Electrical and Electronics, as well as a Master of Science (MSc) degree in Physics from Birla Institute of Technology and Science&nbsp; in 2008. However, somewhere along the line, he realised that his passion lay elsewhere. He enrolled in the CFA Programme but dropped out soon after. It was at this point that he found himself at a crossroads, unsure of what path to take.This phase of uncertainty brought him to Indian Institute of Management (IIM) Calcutta, where he pursued a Post-Graduate Diploma in Management. While at IIM, He served as a recruitment coordinator, but even with a prestigious education under his belt, the corporate world wasn’t where his heart truly lay.Majety’s journey toward entrepreneurship wasn’t direct. After his stint at IIM, he began his career as an Associate at Nomura International in London. The job offered him stability and success. But the rigid structure of corporate life wasn’t enough to quench his adventurous spirit. After just one year, he made the decision to leave his job and travel the world.<figure class="image"><img style="aspect-ratio:1800/1200;" src="https://cms.sovrenn.com/uploads/Sriharsha_Majety_5aeebc7115.jpeg" alt="Sriharsha Majety.jpeg" width="1800" height="1200"></figure>Majety embarked on a daring 3500-kilometre bicycle journey from Portugal to Greece over three months, soaking in the beauty and diversity of different cultures. He continued his travels through public transport and hitchhiking and covered Turkey to Kazakhstan.&nbsp;In his own words from LinkedIn, he reflects that this decision has been “the most rewarding” of his life. His travels helped him understand not just the world, but also himself and gave him the clarity to pursue something bigger.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at&nbsp;<a href="https://www.sovrenn.com/education">Sovrenn Education</a><h3>The Birth of Swiggy</h3>After returning from his travels, Majety co-founded Bundl in 2013 as a logistics aggregation platform aimed at helping e-commerce merchants manage deliveries across India. However, fate had something much bigger in store. While working on Bundl, Majety realised the potential for a food delivery system that changed how India experienced dining.&nbsp;In 2014, along with his co-founders Nandan Reddy and Rahul Jaimini, Majety transformed Bundl into Swiggy, the app that soon revolutionised the way Indians ordered food. Swiggy’s early days were tough. The founders faced a challenging market and stiff competition, but they persevered. From its humble beginning in just 12 cities, Swiggy rapidly expanded its reach and made its mark as one of the most reliable and efficient food delivery platforms in India.&nbsp;Majety’s unique blend of technical expertise, business acumen, and vision helped Swiggy grow into a household name.The turning point came in 2017 when Swiggy launched its cloud kitchen chain, “The Bowl Company”, which was instrumental in solidifying its market dominance. Then came 2020, the year of the COVID-19 pandemic.&nbsp;While many businesses faced uncertainty and decline, Majety saw an opportunity to expand. Swiggy Genie was introduced, followed by Swiggy Instamart which is a grocery delivery service that became a lifeline for many during the lockdown. The company's innovative steps didn’t end there, Swiggy also ventured into delivering alcohol in select states, further diversifying its offerings.Today, under Majety's leadership, Swiggy operates in 500+ cities and has partnered with over 10,000 delivery executives and 800 restaurants, delivering more than 1 million orders. The company has raised millions in funding from prestigious investors like Norwest Venture Partners, Accel, and DST Global, and has an overall valuation of $2 billion.&nbsp;Also Read: <a href="https://www.sovrenn.com/knowledge/the-inspiring-journey-of-dr-arokiaswamy-velumani-from-500rs-to-5000cr">The Inspiring Journey of Dr. Arokiaswamy Velumani: From 500rs to 5000cr</a>Under Sriharsha's leadership, the company’s mission has always been clear: “to elevate the quality of life for urban consumers by delivering unparalleled convenience.” Majety has built Swiggy on the foundation of constant innovation and a relentless commitment to understanding customer needs.&nbsp;Majety’s personal journey is one of resilience, courage, and unwavering belief in the power of dreams. From cycling across countries to steering a billion-dollar company, Majety exemplifies the spirit of an entrepreneur. He is someone who isn’t afraid to take risks, follow his passion, and adapt to change. His life is a testament to the fact that success is not a straight path but a winding road filled with adventure, learning, and transformation.<h3>Sriharsha Majety Family</h3>Sriharsha belongs to a family of entrepreneurs, his father used to own a restaurant in Vijayawada of Andhra Pradesh. His mother is a doctor by profession.&nbsp; He is married to Neetha Majety whom he had met in IIM Kolkata. Although, he is generally seen talking more about his business in interviews.<h3>Sriharsha Majety's Net worth</h3>According to some media articles, Sriharsha Majety has a net worth of Rs 1400 crore.Majesty's achievements are impressive, but what stands out the most is his relentless drive to innovate and give back. His journey from a small-town boy with big dreams to the CEO of India’s largest food delivery platform serves as a beacon of hope for aspiring entrepreneurs everywhere.Also Read: <a href="https://www.sovrenn.com/knowledge/ashish-mohapatra-the-story-of-turning-setbacks-into-success-of-of-business">Ashish Mohapatra: The Story of Turning Setbacks Into Success of OfBusiness</a>Written by ManviSources&nbsp;https://en.wikipedia.org/wiki/Swiggy<a href="https://www.financialexpress.com/life/lifestyle-who-is-sriharsha-majety-the-iim-alumnus-and-the-co-founder-and-ceo-of-swiggy-a-45-76-million-food-delivery-app-know-about-his-journey-education-and-how-he-started-the-company-3202326/">https://www.financialexpress.com/life/lifestyle-who-is-sriharsha-majety-the-iim-alumnus-and-the-co-founder-and-ceo-of-swiggy-a-45-76-million-food-delivery-app-know-about-his-journey-education-and-how-he-started-the-company-3202326/</a>https://startuptalky.com/sriharsha-majety-success-story/&nbsp;

Sriharsha Majety is the founder of famous food delivery application Swiggy. The app that has brought food and happiness to millions of doorsteps across India. 

Sriharsha Majety: The Visionary Behind Swiggy's Success

Entrepreneurship is a journey of bold risks, countless rejections, and a relentless pursuit of one’s vision. Few stories embody this truth. The story of Ashish Mohapatra and his wife Ruchi Kalra, the founder and CEO of OfBusiness, a B2B commerce and fintech startup that defied odds to become one of India’s most successful ventures.Finding multibagger stocks is important for building wealth. Discover potential multi-baggers at&nbsp;<a href="https://www.sovrenn.com/discovery/Large%20Order%20Receipts">Sovrenn Discovery.</a><h2>Early days and career&nbsp;</h2>Ashish was born and raised in Cuttack, Odisha. He completed her schooling at SCB Medical School of Cuttack. He belongs to a well-educated family; her mother was an IIT graduate and physics teacher. He has been an intelligent child since his childhood. Unlike many IIT aspirants, Ashish made it to IIT Kharagpur without the crutch of coaching classes. After graduating with a degree in engineering, he took another leap by enrolling for an MBA at the Indian School of Business (ISB).Ashish began his professional career in March 2002, when he grabbed a job as a Maintenance Manager, and subsequently an Operations Manager at ITC Ltd. After completing his B. Tech at IIT Kharagpur. At ITC, he managed teams in the company. He left ITC in 2005 to pursue MBA.&nbsp;After earning his master's degree, he worked at McKinsey &amp; Company, where he spent four years as an Engagement Manager, learning the intricacies of consulting. He took particular interest in the healthcare sector and spent a long duration at McKinsey serving MNCs and domestic Indian companies in pharmaceuticals, medical equipment, and pharma support services. He also met his wife, Ruchi Kalra, during his time at McKinsey &amp; Company. He worked there till 2010.In 2010, Asish started working at Matrix Management Corporation as a senior associate. He was a board member of 7 companies in healthcare and 9 portfolio companies. At the end of 2015, Asish left the company and founded a startup with his wife Ruchi, called OFB Tech Pvt. Ltd or OfBusiness, which serves as a single-window for SMEs to get secured and unsecured credit.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at&nbsp;<a href="https://www.sovrenn.com/education">Sovrenn Education</a><h3>Entrepreneurial Journey: The Birth of OfBusiness</h3>Ashish Mohapatra's idea for OfBusiness was deceptively simple: to create a one-stop shop for SMEs involved in manufacturing and infrastructure. He envisioned helping them procure raw materials while offering tech-enabled financing solutions. Ashish and his wife Ruchi launched it in 2015 and headquartered in Gurugram. OfBusiness began by providing metals and cement to industries. The startup quickly saw traction, achieving monthly orders worth ₹20 Crores and netting a ₹30 Lakh profit.However, success came with its own set of challenges. Despite early wins, Mohapatra realised he was missing a critical component: credit facilities for his customers. A staggering 95% of transactions were happening on credit, and without in-house financing capabilities, SMEs hesitated to do business with him.Their journey was not so smooth, their entrepreneurial path was defined by rejection. Unable to convince investors of the viability of his credit model, Ashish’s fundraising efforts turned into a nightmare. With no background in credit, 73 venture capitalists rejected their proposals. The rejections were disheartening, but The couple refused to give up.Instead of succumbing to doubt, they decided to learn everything they could about credit. He spent an entire year analysing balance sheets of various companies and visited SME offices across India to understand their financial needs and pain points. Armed with newfound knowledge, Ashish came back stronger, determined to win over the 74th investor.Also Read: <a href="https://www.sovrenn.com/knowledge/nikhil-kamath-from-a-call-center-employee-to-india-s-youngest-billionaire">Nikhil Kamath: From a Call Center Employee to India's Youngest Billionaire</a>The 74th Investor Ashish's resilience finally paid off in December 2016, when Zodius Capital led the first funding round in OfBusiness. This capital allowed Ashish to build the much-needed credit capabilities within the company. The model was a hit: OfBusiness now offered low-interest, collateral-free credit to SMEs, slashing the loan disbursement time from 90 days to 72 hours. By 2018, the company had disbursed over ₹100 Crores in loans and achieved ₹500 Crores in revenue.With the credit model proving successful, Ashish expanded the company’s offerings to include digital services like BidAssist (government tender mapping) and ProcureAssist (vendor management). The rejected startup had now become the darling of venture capitalists, raising ₹500 Crores from investors like Norwest, AlphaWave, and Innoven Capital.By 2021, OfBusiness was serving over 7 lakh SMEs and had expanded its product portfolio to include agricultural produce and specialty chemicals. The company’s lending vertical, meanwhile, boasted a loan book of ₹1,500 Crores, contributing 43% of total revenue.&nbsp;Ashish Mohapatra's dream moment came in August 2021, when OfBusiness raised ₹1,300 Crores from Tiger Global, catapulting the company to unicorn status with a valuation of ₹10,000 Crores. The company became India's 18th unicorn of 2021. In FY23, OfBusiness reported a profit of ₹463 Crores, with total revenue exceeding ₹15,000 Crores which was a meteoric rise for a company that started just eight years ago.Also Read: <a href="https://www.sovrenn.com/knowledge/vineeta-singh-s-journey-rejected-by-over-100-vc-made-a-company-worth-500-crore-sugar-cosmetics">Vineeta Singh’s Journey : Rejected by 100 VC, made a company worth over 500 crore "Sugar cosmetics"</a><h3>Ashish Mohapatra Family</h3>Ashish attributes much of his success to his family. His mother, a physics professor, instilled in him a deep understanding of financial discipline and profitability. He also had the unwavering support of his wife. Ashish Mohapatra’ wife Ruchi kalra, who is also a co-founder of OfBusiness. Together, they persevered through the 73 rejections, proving that belief in one’s vision, coupled with hard work, can indeed pay off.In 2016, His wife Ruchi Kalra, Co-Founded Oxyzo Financial Services, the business soon gained a lot of success. They have become the first Indian couple to each have a unicorn of their own.Today, OfBusiness boasts a revenue of over ₹7,139 Crores and a valuation of a whopping ₹40,000 Crores. Mohapatra's journey is a testament to the power of perseverance, vision, and the willingness to learn from failure. His story is an inspiration to young entrepreneurs everywhere and proves that rejection is not the end.Written by Manvi

Ashish Mohapatra's inspiring journey of transforming setbacks into success as co-founder of OfBusiness, a leading B2B platform. Learn how resilience and innovation fueled the rise of this unicorn startup.

 Ashish Mohapatra: The Story of Turning Setbacks Into Success of OfBusiness

Ruchi Kalra's story is one of perseverance, intelligence, and visionary leadership. From facing continued reaction&nbsp; to co-founding two unicorns in India, Ruchi has left an indelible mark on the business world. Her rise to prominence offers a blueprint for aspiring entrepreneurs and professionals, showcasing the power of blending professional expertise with passion and innovation.Finding multibagger stocks is important for building wealth. Discover potential multi-baggers at&nbsp;<a href="https://www.sovrenn.com/discovery/Large%20Order%20Receipts">Sovrenn Discovery.</a><h2>Early years and Career</h2>Ruchi Kalra was born and raised in Delhi, She grew up as a single child in a middle-class Punjabi family. Ruchi's education played a crucial role in her success. Her academic journey began with a Bachelor’s degree in Chemical Engineering from Indian Institute of Technology (IIT) in Delhi. Although she wasn’t deeply familiar with chemical engineering then, she chose IIT Delhi to stay close to home.&nbsp;After her undergraduate years, Ruchi worked at Evalueserve in Gurgaon for a couple of years and gained early professional experience. However, her thirst for learning led her to pursue an MBA from the Indian School of Business (ISB), Hyderabad. ISB also played a pivotal role in Ruchi’s career, as she was placed with McKinsey &amp; Company.&nbsp;Ruchi spent around nine years at McKinsey and worked her way up to become a partner, primarily focusing on financial services. Her time at McKinsey equipped her with the skills and knowledge that later helped in her entrepreneurial journey. Over her eight-year tenure, she honed her expertise in financial services while refining the core principles that guided her later entrepreneurial endeavours.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at&nbsp;<a href="https://www.sovrenn.com/education">Sovrenn Education</a><h3>Entrepreneurial journey of Ruchi Kalra</h3>Ruchi’s transition from a successful consultant to an entrepreneur came when she co-founded OfBusiness. In 2015, Ruchi co-founded OfBusiness alongside his husband, a B2B marketplace aimed at revolutionising the procurement of raw materials for small and medium enterprises (SMEs).&nbsp;Despite initial struggles, including facing rejection from 73 investors in 2016, Ruchi and her husband’s determination paid off when one investor believed in their vision and finally They raised 200 million dollars at a valuation of 1 billion dollars. Today, OfBusiness is a successful venture, and Ruchi operates the company out of Gurgaon.&nbsp;But Ruchi’s journey didn’t stop there. She went on to launch Oxyzo, the financial services arm of OfBusiness, with the aim of providing working capital solutions to SMEs. Oxyzo’s mission aligned with Ruchi’s passion for financial services and bridging the gap between commerce and credit to empower small businesses.The entrepreneurial journey is never easy, and Ruchi faced her share of challenges. Yet, what truly sets her apart is her ability to navigate uncertainty with calm confidence. She believes that building a business for the long term means setting the right fundamentals from the start. This philosophy has allowed both OfBusiness and Oxyzo to weather periods of economic uncertainty, such as the global slowdown caused by the COVID-19 pandemic.A key element of Ruchi’s success has been her professional and personal partnership with her husband, Asish Mohapatra, who is also a co-founder of OfBusiness and Oxyzo. The couple met during their time at McKinsey and have since built a powerful synergy as both life partners and business partners.&nbsp;According to Ruchi, their ability to respect each other’s professional strengths, trust one another’s judgement, and provide support has been a "force multiplier" in their journey. They are known as "Yin" and "Yang" in their circle of friends, reflecting their complementary approaches to life and work.Also Read: <a href="https://www.sovrenn.com/knowledge/from-bihar-s-dusty-villages-to-shark-tank-india-the-journey-of-dilkhush-kumar-and-rod-bez-taxis">From Bihar's Dusty Villages to Shark Tank India: The Journey of Dilkhush Kumar and RodBez Taxis</a>Ruchi and Asish’s professional partnership is marked by mutual respect. When they are in the workplace, their personal relationship takes a backseat to their professional roles, creating a healthy and productive environment. Their trust in each other has allowed them to push boundaries and achieve the seemingly impossible, whether through business or in their personal lives.From the outset, Ruchi’s approach to business was grounded in clear principles. Profitability was non-negotiable. Both OfBusiness and Oxyzo were built with the goal of being profitable from day one. Ruchi and her team paid close attention to operational expenses, hiring practices, and technology deployment to ensure that every decision contributed to the bottom line.Ruchi Kalra's story is a testament to what can be achieved through resilience, strategic thinking, and a deep understanding of one’s strengths. From her early days at McKinsey to co-founding two unicorns, Ruchi has exemplified the power of strong leadership and unwavering dedication. She has not only transformed industries but also inspired countless individuals who look up to her as a role model, especially female entrepreneurs. &nbsp;<h3>Ruchi Kalra Net worth</h3>According to Financial Express Ruchi Kalra's Net worth is Rs.2600 crore.&nbsp;Today, Ruchi is the successful co-founder of two unicorn companies, with a combined valuation of over 52,000 crore. Beyond her professional life, Ruchi balances her roles as an entrepreneur and a mother to her daughter.Her ability to navigate both personal and professional challenges, combined with her relentless focus on building sustainable, profitable businesses, makes her an inspirational figure in the world of entrepreneurship. Today, Ruchi continues to shape the future of small and medium enterprises in India, one strategic decision at a time, while inspiring others to follow in her footsteps.Also Read: <a href="https://www.sovrenn.com/knowledge/shark-tank-judge-amit-jain-who-left-3-lakh-rs-job-and-made-a-business-worth-million-dollar">Shark Tank Judge and CarDekho founder Amit Jain, who left 3 lakh Rs Job and made a business worth million dollar</a>Written by Manvi

Ruchi Kalra's remarkable journey of overcoming 73 rejections to co-found two unicorns, OfBusiness and Oxyzo. Discover how determination and leadership paved her path to success.

Ruchi Kalra: The Woman Who Faced 73 Rejections and Built Two Unicorns

Nikhil Kamath is a co-founder of Zerodha, True Beacon, and Gruhas. He has captured the imagination of India's entrepreneurial scene. At just 37, Kamath’s net worth is $3.1 billion and he also secured his place on the Forbes Billionaires List of 2024. His meteoric rise is a tale of passion, resilience, and innovative thinking. &nbsp;Kamath’s unconventional path to success proves that traditional education is not always the key to triumph.&nbsp;Finding multibagger stocks is important for building wealth. Discover potential multi-baggers at&nbsp;<a href="https://www.sovrenn.com/discovery/Large%20Order%20Receipts">Sovrenn Discovery.</a><h2>Early Life of Nikhil Kamath&nbsp;</h2>Nikhil Kamath was born into a supportive middle-class family and grew up in Bangalore. &nbsp;He was born on 5 September 1986, in Udupi city of Karnataka. While most of his peers pursued formal education, Kamath took a different route. After completing the 10th grade, he decided to drop out of school at 14, signalling his desire to forge his own path. Initially, Kamath at the age of 17 was doing two jobs, at a call centre and as a trader.&nbsp;&nbsp;It was a job he took on to gain financial independence. However, it was here that his destiny took a significant turn. Kamath's early exposure to the world of stock trading sparked his passion for finance. His journey into the stock market began as a side hustle while he continued to work his full-time job. It wasn’t long before this passion became a calling, and Kamath decided to dive headfirst into the world of equity trading.In 2006, Kamath took a bold step into the financial world by becoming a sub-broker alongside his elder brother Nithin Kamath. They founded Kamath &amp; Associates, which laid the foundation for their future ventures. Their initial venture gave the brothers a hands-on understanding of the intricacies of stockbroking, preparing them for the innovative leap they would soon take.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at&nbsp;<a href="https://www.sovrenn.com/education">Sovrenn Education</a><h3>Founding Zerodha</h3>In 2010, Nikhil and Nithin Kamath co-founded Zerodha as a brokerage firm that would disrupt the Indian financial market. At a time when traditional brokerage firms were charging high commissions, Zerodha introduced a discount brokerage model that revolutionised stock trading in India. By offering zero brokerage charges for investments and a flat fee for intraday and derivative trading, Zerodha democratised investing, making it accessible to millions of retail investors.The simplicity and cost-effectiveness of Zerodha’s platform resonated with the masses. Over time, it grew into India’s largest retail brokerage firm serving over 10 million users and transforming the landscape of stock trading. By challenging the traditional business models, Zerodha became a trailblazer in fintech innovation.In 2020, Kamath took another bold step with the co-founding of True Beacon which is an asset management firm that caters to ultra-high-net-worth individuals. True Beacon’s transparent, low-cost investment solutions echoed Zerodha’s ethos of democratising financial services. Kamath’s venture into asset management was a testament to his ambition to reshape multiple sectors within the financial industry.In 2021, Kamath’s entrepreneurial journey continued with the creation of Gruhas, a real estate investment and prop-tech company. Through Gruhas, he ventured into the realm of real estate, continuing his focus on leveraging technology to streamline industries.Kamath’s success can be attributed not only to his sharp business acumen but also to his understanding of timing and collaboration. In his interviews, Kamath has acknowledged the importance of “being in the right place at the right time,” a philosophy he attributes to his own journey. His humility and appreciation for teamwork have defined his leadership style.In his own words, “Timing is paramount. Its significance is often underestimated. I am fully aware of the fortuitous alignment of being at the right place at the right time, alongside exceptional colleagues who have accompanied me on this journey.”Also Read: <a href="https://www.sovrenn.com/knowledge/unveiling-the-journey-of-ashish-kacholia">The Astute Investor: Unveiling the Journey of Ashish Kacholia</a>Kamath’s innovations in the financial sector have not gone unnoticed. In 2016, he was recognized as the “Entrepreneur of the Year” by the Economic Times, and in 2017, he earned a spot on Forbes’ prestigious “30 Under 30” list. His contributions have been widely celebrated as Zerodha continues to innovate with tools like Varsity, an investment education platform, and Kite, an intuitive trading interface.Kamath’s success has also come with a strong sense of social responsibility. In June 2023, he became the youngest Indian to sign the Giving Pledge, committing to donate at least half of his wealth to charitable causes. This decision marked Kamath’s dedication to philanthropy, reflecting his belief in using wealth to create positive social change. His commitment to giving back underscores his long-term vision of contributing to societal well-being and championing impactful initiatives.As Kamath continues to expand his ventures beyond Zerodha and True Beacon, his legacy as a disruptive force in India’s financial sector is already firmly established. His journey from a call centre employee to India’s youngest billionaire exemplifies the power of bold thinking, strategic timing, and relentless dedication.Looking ahead, Kamath’s entrepreneurial spirit shows no signs of slowing down. His ventures, grounded in technology and accessibility, continue to reshape industries, creating a lasting impact on India’s financial and investment sectors. Kamath’s journey teaches us that success is not about following a well-trodden path but about forging new ones. Through his vision, resilience, and willingness to take risks, Nikhil Kamath has redefined what it means to be a successful entrepreneur in India.Also Read: <a href="https://www.sovrenn.com/knowledge/dorm-rooms-to-doorsteps-the-inspiring-journey-of-zepto-founder-who-dropout-college-and-made-3-6-billion-worth-company">Dorm Rooms to Doorsteps: The Inspiring Journey of Zepto founder who dropout college and made $3.6 Billion worth company</a>Written by Manvi

Explore the incredible journey of Nikhil Kamath, from working as a call center employee to becoming India's youngest billionaire. Learn how his entrepreneurial vision and innovative approach to investing led to his phenomenal success.

Nikhil Kamath: From a Call Center Employee to India's Youngest Billionaire

In a world driven by convenience, the demand for rapid service delivery has never been more pronounced than it is now. For this shift, Companies like Zepto emerged as a game-changer. They revolutionised grocery delivery with its promise of ultra-fast service. Today we will learn how two college dropouts made Zepto's journey a billion-dollar startup.Finding multibagger stocks is important for building wealth. Discover potential multi-baggers at&nbsp;<a href="https://www.sovrenn.com/discovery/Large%20Order%20Receipts">Sovrenn Discovery.</a><h2>Zepto Founders story</h2>Aadit Palicha and Kaivalya Vohra share a friendship that began in their childhood. Both were born and raised in Mumbai, their fathers were engineers. They were very interested in technology and innovation. The duo attended school in Dubai, where they nurtured a shared passion for technology and business, constantly experimenting with new projects and ideas.One of their early ventures, GoPool. The platform, which facilitated ride-sharing. It turned a profitable business and was eventually sold by them. This early success fueled their ambition to delve deeper into technology. They decided to pursue computer science at Stanford University. However, the COVID-19 pandemic brought them back to Mumbai, where they took a gap year and explored new business opportunities.<figure class="image"><img style="aspect-ratio:500/500;" src="https://cms.sovrenn.com/uploads/The_Inspiring_Journey_of_Zepto_founder_fff9090e56.png" alt="The Inspiring Journey of Zepto founder.png" width="500" height="500"></figure><h2>The birth of Zepto</h2>Zepto was born out of necessity during the COVID-19 pandemic. While the world grappled with lockdowns, Palicha and Vohra were confined to their homes in Mumbai. The duo quickly realized the inefficiencies in grocery delivery services, which often took days to fulfil orders. This gap in the market sparked the idea for quick and fast delivery applications. Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at&nbsp;<a href="https://www.sovrenn.com/education">Sovrenn Education</a>They founded KiranaKart which was a service aimed at delivering groceries within 45 minutes at home. While KiranaKart laid the groundwork, It worked well and earned success but there were few corns in it that needed to be repaired. It didn't achieve the success they had hoped for. However, they gained &nbsp;invaluable experience and it set the stage for Zepto's creation.After some time the idea of Zepto came, a platform designed to deliver groceries faster, in just 10 minutes. The concept wasn't entirely new for them. They learned from their mistakes in KiranaKart and renamed it as Zepto 10 min delivery.Launching a startup in the highly competitive grocery delivery sector was no small feat. initially, Zepto faced several challenges, including the logistics of ensuring rapid delivery, building a reliable network of suppliers, and establishing a robust infrastructure.&nbsp;The biggest challenge was creating a system capable of delivering on their ambitious 10-minute promise. This required an intricate network of 'cloud shops' or Dark-warehouses strategically located across cities. management and efficient routing for the delivery personnel.Also Read: <a href="https://www.sovrenn.com/knowledge/from-humble-beginnings-to-billionaire-success-the-inspiring-journey-of-vinod-saraf">From Humble Beginnings to Billionaire Success: The Inspiring Journey of Vinod Saraf</a>Financial backing was another hurdle. However, their idea quickly attracted investors. Global Founders Capital, 2 AM Ventures, and Contrary Capital, among others, saw potential in Zepto's model and provided essential early funding. By June 2024, Zepto achieved unicorn status with a valuation of $3.6 billion which is a testament to its rapid growth and market acceptance.Zepto's success can be attributed to its relentless focus on customer satisfaction and operational efficiency which was con in their first startup. By employing a workforce of over 1,000 employees and partnering with numerous dark stores, Zepto ensures that its vast product range is always available and delivered promptly.Zepto has not only transformed the grocery delivery landscape but has also set new standards for the industry. Its innovative approach has inspired other companies, such as Gorillas, JOKR, Swiggy Instamart, and Blinkit, to focus on reducing delivery times and improving customer service. This trend is particularly relevant in a country like India, where urbanisation and a tech-savvy population drive demand for quick commerce solutions.As the Indian online grocery market continues to grow—projected to reach $37 billion by 2028. Zepto's journey from a fledgling startup to a unicorn is a powerful example of what can be achieved with innovation, determination, and a customer-centric approach.&nbsp;Aadit Palicha and Kaivalya Vohra's decision to prioritise their entrepreneurial dreams over a traditional academic path has paid off and also paved the way for future innovations in the quick commerce industry.Their story is not just about building a successful business; it's about the resilience and vision needed to turn challenges into opportunities. As Zepto continues to expand and innovate, it serves as an inspiration for aspiring entrepreneurs everywhere, proving that with the right mindset, even the boldest dreams can become reality.Also Read:<a href="https://www.sovrenn.com/knowledge/shark-tank-judge-namita-thapar-s-journey-whose-net-worth-is-600-cr"> Shark Tank Judge Namita Thapar's Journey whose net worth is 600 cr</a>written by Manvi

Discover the inspiring journey of Zepto's founder, who dropped out of college to build a $3.6 billion company. From dorm rooms to doorsteps, this story showcases entrepreneurial spirit, resilience, and the rapid rise of Zepto in the competitive market.

Dorm Rooms to Doorsteps: The Inspiring Journey of Zepto founder who dropout college and made $3.6 Billion worth company

<h2>Who is Peyush Bansal?&nbsp;</h2>Peyush Bansal is the founder of the famous eyewear company Lenskart. The company's worth is approximately $4.5 billion. Peyush&nbsp;is also a famous personality known as shark (Investor) in India's Business reality show "Shark Tank India".The story of Lenskart founder Peyush Bansal is one of vision, courage, and the willingness to take risks. In the world of business, success often requires stepping away from the comfort of a steady job and taking bold steps into the unknown. His story defines this very well. His journey from a lucrative position at Microsoft to founding India's famous company Lenskart embodies his spirit of entrepreneurship and innovation. Let's delve into the journey of this remarkable entrepreneur.Finding multibagger stocks is important for building wealth. Discover potential multi-baggers at&nbsp;<a href="https://www.sovrenn.com/discovery/Large%20Order%20Receipts">Sovrenn Discovery.</a><h2>Early Life and Education</h2>Peyush Bansal was born and grew up in Delhi, he attended Don Bosco School. Despite his initial ambition to join the Indian Institutes of Technology (IIT), he couldn't clear the entrance exams.&nbsp;Undeterred, Bansal set his sights on international education and secured admission to McGill University in Canada. There, he pursued a Bachelor of Engineering Honors in Electrical - IT, Control, and Automation from 2002 to 2006.During his studies, Bansal worked part-time as a receptionist, which sparked his interest in computers and coding. This early exposure laid the foundation for his future endeavours in technology and business.<h3>Career Beginnings</h3>After completing his degree at McGill, Bansal started his professional career as a Program Manager at Microsoft in the USA, where he worked from January 2007 to December 2007. However, despite the lucrative job and promising career path, Bansal felt a strong urge to create something of his own. He left his job and returned to India in 2008, even though he had no concrete business idea or experience.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at&nbsp;<a href="https://www.sovrenn.com/education">Sovrenn Education</a><h3>First Venture</h3>Back in India, Bansal launched his first venture, SearchMyCampus.com, an online portal aimed at addressing various issues faced by college students, including housing, coaching, jobs, transportation, and books. He spent 4-5 months making a car garage his office. He had no business experience. This initial foray into entrepreneurship taught him valuable lessons and set the stage for his future success.<h3>The idea of Lenskart</h3>One day while reading an article he got to know about the huge eye problem in India. This gave him an idea to do something in this field. In 2010, Bansal, along with Sumeet Kapathi and Amit Choudhary, founded Lenskart under the parent company Valyoo Technologies Pvt. Limited.&nbsp;Initially, Lenskart focused on selling contact lenses online. Over time, the company expanded its product range to include sunglasses and eyeglasses. Today, Lenskart boasts a diverse portfolio with over 5,000 frames and 46 types of high-quality lenses.Under Bansal's leadership, in 2013 Lenskart adopted a franchise model to expand its presence across India. The company now has more than 1,550 outlets nationwide, offering not only a wide range of eyewear but also eye check-up facilities. This holistic approach to eye care has cemented Lenskart's position as a leading player in the industry.Lenskart's success can be attributed to its innovative business model. The company has formed strategic partnerships with key players in the eyewear industry, including manufacturers and technology providers.&nbsp;By sourcing high-quality frames and lenses at affordable prices and developing its own brand of lenses, Lenskart has been able to offer value to its customers. Additionally, the integration of online and offline shopping experiences has enhanced customer satisfaction and loyalty.Also Read: <a href="https://www.sovrenn.com/knowledge/anil-gupta-a-journey-of-entrepreneurial-vision-education-struggle-and-success">Anil Gupta: A Journey of Entrepreneurial Vision, Education, Struggle, and Success</a><h3>Piyush Bansal Net Worth and Investments</h3>Bansal's entrepreneurial success has also translated into substantial personal wealth. His net worth is estimated to be around Rs. 600 crores. Piyush Bansal is one of the famous judges in Shark Tank India. He is known for his famous investments.&nbsp;Bansal has made significant investments in various companies, including Feedo and DailyObjects.com. His latest investment was in Push Sports. Bansal's investment portfolio also includes companies like Yes Madam and Jewel Box, indicating his diverse business interests.Peyush Bansal is married to Nimisha Bansal, and the couple has a son. Bansal also has an elder brother and a sister, highlighting a close-knit family background that has supported his entrepreneurial journey.Peyush Bansal's journey from a determined student to a successful entrepreneur is truly inspiring. His vision and dedication have not only disrupted the eyewear industry but also created a lasting impact on how people perceive eye care. With Lenskart continuing to innovate and expand, Bansal's story serves as a beacon of motivation for aspiring entrepreneurs across the globe.Also Read: <a href="https://www.sovrenn.com/knowledge/man-who-changed-matchmaking-with-shaadi-com-anupam-mittal-s-story">Man who changed Matchmaking with Shaadi.com: Anupam Mittal’s story</a>Written by Manvi

Discover the inspiring story of Peyush Bansal, who left a job at Microsoft to build Lenskart, a $4.5 billion company. Learn about the visionary strategies that led to the eyewear brand's phenomenal success.

Peyush Bansal: The man who left Microsoft job and made $4.5 billion Company Lenskart

Anupam Mittal is a known name in the Indian startup ecosystem. He is a famous Shark in Shark Tank India and the founder of the famous website Shaadi.com. His journey exemplifies innovation, resilience, and strategic foresight. It made him a prominent figure in global entrepreneurship. Let's learn how he made his business successful.Finding multibagger stocks is important for building wealth. Discover potential multi-baggers at&nbsp;<a href="https://www.sovrenn.com/discovery/Large%20Order%20Receipts">Sovrenn Discovery.</a><h2>Early Life and Education</h2>Anupam Mittal, born on 23 December 1971 in Mumbai in a business family. He was raised in a humble Marwadi family that instilled in him strong values of education and entrepreneurship. From a very young age, Mittal exhibited curiosity and ambition, traits that later defined his entrepreneurial journey.&nbsp;He worked with his father but wanted to do something else. So he went to Europe and then the US, and he faced failures in the early days. After having 3-4 failures he realised that education is important. He graduated and began a career in websites.&nbsp;He pursued his higher education at Boston University, where he earned an MBA in Operations and Strategic Management. Later Mittal returned to India, ready to make a significant impact on the burgeoning internet sector.<h3>Founding People Group and Shaadi.com</h3>In 1996, Anupam Mittal founded People Group, which later launched one of the famous matrimonial sites Shaadi.com. He started an internet company when there was no internet. Anupam Mittal conceived the idea for Shaadi.com when Pandit ji visited his home to discuss the marriage biodata.&nbsp;Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at&nbsp;<a href="https://www.sovrenn.com/education">Sovrenn Education</a><h3 style="margin-left:0px;">Early Challenge</h3>Mittal suggested posting such information online, which surprised Pandit Ji. Although they never met again, the conversation sparked Mittal's entrepreneurial vision. It was the first online matrimonial website in India. &nbsp;He founded it in 1997, Initially, he named Sagaai.com. It revolutionised the Indian matchmaking industry, which was previously dominated by traditional classified ads in newspapers.&nbsp;Despite the initial challenges due to limited internet penetration in India, Shaadi.com steadily grew and became one of the world's largest matrimonial websites. The platform has facilitated countless successful matches and made it a trusted name in the industry.<h3>Expanding Ventures</h3>Mittal's entrepreneurial vision extended beyond Shaadi.com. He launched Makaan.com, a real estate platform, and Mauj Mobile, a mobile media and entertainment company. Makaan.com helped transform the real estate sector by providing a comprehensive online marketplace for buying and selling properties.&nbsp;Mauj Mobile became India's first gaming platform and mobile media company which offers educational and entertainment content as well as operating Mobango, an app store with thousands of videos, apps, and games.Also Read: <a href="https://www.sovrenn.com/knowledge/anil-kumar-goel-a-journey-from-steel-trading-to-stock-market-mastery">Anil Kumar Goel: A Journey from Steel Trading to Stock Market Mastery</a><h3>Anupam&nbsp;in Shark Tank India</h3>Anupam Mittal's impact on the entrepreneurial ecosystem is not limited to his own ventures. As an angel investor, he has infused capital into over 250 companies and nurturing startups and fostering innovation across the tech ecosystem. His role as a judge on Shark Tank India further cemented his status as a key figure in entrepreneurship.&nbsp;On the show, Mittal offers insights, guidance, and investment to aspiring business owners, helping numerous startups flourish and inspiring countless viewers to embrace entrepreneurship.<h3>Anupam Mittal's Personal Life and Family</h3>In 2013, He married his long-term girlfriend Aanchal Kumar who is a model and actress. Their relationship has been a testament to companionship and support, crucial in the high-paced world of business commitments. The couple is blessed with a daughter, Alyssa.<h3>Net Worth and Achievements</h3>Anupam Mittal's net worth is estimated at around $25 million. His wealth has grown through successful business ventures, wise investments, and television appearances. Mittal's professional network is extensive, with connections across various industries and sectors.&nbsp;His recognitions include listings on prestigious lists like Business Week's "50 Most Powerful People in India" and multiple accolades for his contributions to entrepreneurship and technology.Also Read: <a href="https://www.sovrenn.com/knowledge/adil-quadri-perfumes-secures-investment-with-attar-fragrances-in-shark-tank-india">Adil Quadri Perfumes Secures Investment with Attar Fragrances in Shark Tank India</a>Beyond his business achievements, Mittal's story is one of resilience and vision. His philanthropic efforts and investments in the startup ecosystem demonstrate a commitment to giving back and fostering a new generation of entrepreneurs.Among his numerous investments, Ola Cabs stands out as a notable success story. Ola Cabs, an Indian ride-sharing company, has grown to become one of the world's largest mobility platforms. Mittal's early investment in Ola contributed to its rapid growth and success in the Indian market.Anupam is active on social media platforms, where he shares insights, experiences, and learnings from his entrepreneurial journey. He participates in various public speaking events and media interviews, inspiring and educating aspiring entrepreneurs and the general public.Anupam Mittal's journey from a curious and ambitious young man in Mumbai to a luminary in the Indian entrepreneurial ecosystem is nothing short of inspiring. His story is a roadmap for budding entrepreneurs, illustrating the impact of innovation, persistence, and strategic thinking.&nbsp;Through Shaadi.com, Makaan.com, Mauj Mobile, and numerous investments, Mittal has significantly influenced the Indian and global digital landscapes.&nbsp;Also Read: <a href="https://www.sovrenn.com/knowledge/richest-shark-ritesh-agarwal-s-journey-to-building-the-most-affordable-hotel-chain-oyo">Richest Shark Ritesh Agarwal's journey to building the most affordable hotel chain OYO</a>

Explore the transformative journey of Anupam Mittal, the man who revolutionized matchmaking with Shaadi.com. Learn how his innovative approach and entrepreneurial spirit reshaped the online matrimonial industry.

Man who changed Matchmaking with Shaadi.com: Anupam Mittal’s story

Ritesh Agarwal is a known name in the Indian startup ecosystem. The 30-year-old Indian billionaire is the founder and CEO of OYO, the world’s most affordable hotel chain. His journey from a small-town boy in Odisha to a global entrepreneur is a testament to his vision, resilience, and relentless pursuit of excellence.Finding multibagger stocks is important for building wealth. Discover potential multi-baggers at&nbsp;<a href="https://www.sovrenn.com/discovery/Large%20Order%20Receipts">Sovrenn Discovery.</a><h2>Early Life and Education</h2>Ritesh was born on 16 November 1993, in Bissam Cuttack. He grew up in Titilagarh, where his family used to run a small shop. He attended St. John’s Senior Secondary School and later moved to Delhi for college. However, his passion for technology and entrepreneurship led him to a new path. He dropped out of college and started his own venture.<h2>The idea of OYO</h2>Ritesh’s entrepreneurial journey began at the age of 20 when he founded Oravel Stays.&nbsp;When Ritesh was living in California in 2013, he established OYO with the goal of running a hotel through Oravel Stays. Where his Target was low-cost online tourists, it was a platform to help people locate and book affordable hotels.&nbsp; The hotel in Gurgaon, later rebranded as OYO saw a sharp increase in occupancy rates in its first month. It went from 19% to 90%.&nbsp;After coming back to India, Agarwal found this as an opportunity to elevate budget accommodations for all people throughout the world. Despite initial challenges, including limited knowledge of entrepreneurship and a lack of resources, Ritesh’s determination never wavered.&nbsp;His breakthrough came in the year 2013 when he became the first Indian to join the Thiel Fellowship and he received a $100,000 grant that provided a much-needed financial boost to his startup.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at&nbsp;<a href="https://www.sovrenn.com/education">Sovrenn Education</a><h3>Early Challenges and overcome&nbsp;</h3>The initial days of Oravel Stays were tough. The platform was not solving the core problem Ritesh had identified: the need for affordable hotels with standardised services. This realisation led him to pivot his business model.&nbsp;He extensively travelled across India, visiting hundreds of hotels to understand the issues plaguing the hospitality industry. His research revealed non-standard services and unpredictability as the major pain points, which he decided to address through OYO.In 2013, Oravel Stays was rebranded as OYO (On Your Own). They need a business model focused on providing standardised, affordable rooms across India. Ritesh’s innovative approach, which involved partnering with hotels rather than owning them.&nbsp;It allowed OYO to expand rapidly without heavy capital expenditure. By 2015, OYO had attracted $25 million in funding, and by July, it had secured $100 million from SoftBank. It fueled its rapid expansion.<img src="https://cms.sovrenn.com/uploads/Richest_Shark_Ritesh_Agarwal_s_journey_9769f5712d.png" alt="Richest Shark Ritesh Agarwal's journey.png"><h3>Rapid Growth and Global Expansion</h3>OYO’s growth trajectory was nothing short of meteoric. By 2016, OYO had achieved the milestone of one million check-ins and had expanded to Malaysia. In 2017, it ventured into Nepal, and by 2018, OYO had established its presence in the UK, UAE, Dubai, China, Singapore, and Indonesia. In 2019, OYO started operating in over 500 cities globally, offering more than 330,000 rooms.Ritesh’s relentless efforts and innovative strategies paid off, making him the world’s second-youngest self-made billionaire at the young age of 25. As of 2024, his net worth is estimated at approximately $160 billion USD which is equal to ₹16,000 crore. His journey from a college dropout to a billionaire entrepreneur is a source of inspiration for aspiring entrepreneurs worldwide.Also Read: <a href="https://www.sovrenn.com/knowledge/vijay-kedia-from-struggles-to-market-master-success">Vijay Kedia: From Struggles to “Market Master” Success</a><h3>Challenges and controversies&nbsp;</h3>OYO’s journey was not without challenges. The COVID-19 pandemic impacted the travel and hospitality industry, reducing hotel occupancy rates and forcing many establishments to shut down. OYO faced allegations of fraud, mismanagement, and breach of contract from some hotel partners. Additionally, the company encountered regulatory hurdles and legal disputes in various markets, including China, Japan, the US, and India.Despite these setbacks, Ritesh remained resilient. He focused on cost-cutting measures, streamlined operations, and introduced new products and services, such as OYO Townhouse, OYO Life, OYO Workspaces, OYO Wizard, and OYO OS. His ability to navigate through crises and adapt to changing market conditions has been pivotal in OYO’s sustained growth.<h3>Personal Life and Achievements</h3>In addition to his professional achievements, Ritesh has made significant personal strides. He married Geetansha Sood in 2023, and the couple welcomed a baby boy into their family. Ritesh has won numerous awards, including the Business World Young Entrepreneur Award, and is a sought-after speaker at entrepreneurial conferences globally.Ritesh Agarwal’s journey from a dropout student to a billionaire is a remarkable story of perseverance, innovation, and unwavering determination. His ability to turn challenges into opportunities and his commitment to his vision has made OYO a global success and established him as a role model for aspiring young entrepreneurs.Also Read: <a href="https://www.sovrenn.com/knowledge/shark-tank-judge-amit-jain-who-left-3-lakh-rs-job-and-made-a-business-worth-million-dollar">Shark Tank Judge and CarDekho founder Amit Jain, who left 3 lakh Rs Job and made a business worth million dollar</a>&nbsp;

Discover the inspiring journey of Ritesh Agarwal, the richest shark, and his remarkable success in building OYO, the world's most affordable hotel chain. Learn how his vision and perseverance revolutionized the hospitality industry.

Richest Shark Ritesh Agarwal's journey to building the most affordable hotel chain OYO

The CEO and co-founder of CarDekho, Amit's journey from a middle-class upbringing to building a billion-dollar company is nothing short of inspirational.Finding multibagger stocks is important for building wealth. Discover potential multi-baggers at&nbsp;<a href="https://www.sovrenn.com/discovery/Large%20Order%20Receipts">Sovrenn Discovery.</a><h2>Early Life and Education</h2>Amit Jain was born on November 12, 1976, in Jaipur, Rajasthan. Amit's childhood was marked by simplicity and a strong emphasis on education. His mother Nilma Jain was a homemaker, and his father, the late Prashant Jain was an ex-RBI officer and gemstone businessman.&nbsp;He completed his schooling at Saint Xavier’s School of Jaipur till 10th standard.Amit moved to Mumbai in 11th grade when his father was transferred there. Walking with his father on a marine drive, he often dreamed of owning a luxury car. He was known for his mischievous nature, his mother often joked about opening a tea shop for him if he didn't study well. He even failed in 11th grade and enrolled in a local Jaipur college, where he realised that he didn't want to do this.His father encouraged belief in him. He instilled in him the values of hard work and perseverance. Amit dedicated himself to his studies and secured admission to IIT Delhi after a year of hard work. This milestone reinforced his belief that hard work could help him achieve anything. After graduating, Amit joined Tata Consultancy Services, where he learned Java and gained valuable experience with a salary of ₹10,000.&nbsp;He even lived in a guard room just to save time and save more time for learning. This was followed by a stint at Trilogy, where he worked as a Senior Associate, Delivery Manager, and Product Manager for around seven years. His dedication and skills soon earned him a lucrative opportunity in the US, where he used to earn ₹3 lakhs per month.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at&nbsp;<a href="https://www.sovrenn.com/education">Sovrenn Education</a>In September 2006, Amit lost his father to cancer. He and his brother left their job and returned to Jaipur. They spent the last six months by his side. His father a small-time gemstone trader, left behind a business that Amit and his brother took over.&nbsp;This period was a profound learning experience for Amit and revealed the harsh realities and struggles of running a business. Despite initial successes, Amit felt unfulfilled as their intellectual potential remained untapped.&nbsp;<h3>The Birth of GirnarSoft and CarDekho</h3>In 2007, Amit, along with his younger brother Anurag Jain, founded GirnarSoft. It was an IT outsourcing company. The brothers operated out of a small garage at their home, with a dream to create something impactful from their hometown.&nbsp;The initial years were challenging, they used to hire people in table chair setups. Some people even judge them and refuse to work with them. But the company's first year proved profitable and enabled them to move to a proper office.Also Read:&nbsp;<a href="https://www.sovrenn.com/knowledge/how-farmer-s-sons-made-a-business-worth-5000-crores-balaji-wafers">How Farmer's Sons Made a Business worth 5000 Crores: Balaji Wafers</a>However, the 2009 stock market crash hit GirnarSoft hard. The company went bankrupt and left Amit and Anurag in a dire situation with 70-80 employees and no funds even to pay salaries. Despite these setbacks, Amit learned the importance of financial discipline and resilience.<h3>The idea of CarDekho</h3>The idea for CarDekho came during the Auto Expo in Delhi. Amit and his brother Anurag saw an opportunity to create an online platform for car research and sales. Despite financial constraints, they launched CarDekho in 2008 and believed it could recover their losses. Their decision paid off, and CarDekho quickly gained traction. It became the flagship project of GirnarSoft.But CarDekho's success was not immediate. The brothers faced numerous challenges, from financial struggles to market competition. Yet, they persevered, focusing on building a robust and user-friendly platform. Their hard work paid off in 2013 when CarDekho received substantial funding from Sequoia Capital. This investment fueled the company's growth and led to the acquisition of Gaddi.com in 2014 and Zigwheels in 2015.Under Amit's leadership, CarDekho transformed into India's number one autotech portal. By 2021, the platform had over 35 million monthly users, 6,000+ monthly used car sales, and over 3,000 new cars sold monthly. In October 2021, CarDekho became a unicorn startup and raised $250 million in its Series E funding round. It brought its valuation to $1.2 billion.Also Read:&nbsp;<a href="https://www.sovrenn.com/knowledge/nitish-rajput-s-journey-from-shy-student-to-influential-you-tuber-earning-crores">Nitish Rajput's Journey: From Shy Student to Influential YouTuber earning crores</a>GirnarSoft, the parent company of CarDekho, continued to expand its portfolio with other successful ventures like BikeDekho and PriceDekho. The company received investments from notable entities, including Google Capital, Tybourne, HDFC, and Ratan Tata.<figure class="image"><img style="aspect-ratio:500/500;" src="https://cms.sovrenn.com/uploads/Car_Dekho_founder_Amit_Jain_024c7eb8f9.png" alt="CarDekho founder Amit Jain.png" width="500" height="500"></figure><h2>Amit Jain in Shark Tank India</h2>Amit's entrepreneurial journey caught the attention of the producers of Shark Tank India. In Season 3, he joined as one of the judges, replacing the popular Ashneer Grover. Amit mentors young entrepreneurs and fosters an entrepreneurial mindset across India. His famous line in the show is "Pehle Banda Fir Dhanda" (First person then business) and he believes so.Amit Jain's story is a testament to the power of persistence, innovation, and resilience. His journey from a small garage to leading India's largest online car-buying platform is filled with valuable lessons.Despite numerous setbacks, Amit never gave up on his dreams. He continuously sought new ideas and approaches to stay ahead of the competition. Amit believed in nurturing young talent and creating a team that grew with the company.Amit Jain's entrepreneurial journey is a beacon of hope for aspiring entrepreneurs. His story illustrates that with hard work, determination, and a bit of ingenuity, one can overcome any obstacle and achieve extraordinary success. As Amit often says, “If I can, then obviously you can.”Also Read: <a href="https://www.sovrenn.com/knowledge/the-accidental-startup-how-zomato-overcame-hurdles-and-achieve-global-success">The Accidental Startup: How Zomato Overcame Hurdles and Achieve Global Success</a>

Discover the inspiring journey of Amit Jain, Shark Tank judge and founder of CarDekho, who left a ₹3 lakh job to build a million-dollar business. Learn about his entrepreneurial success and his impact on the automotive industry.

Shark Tank Judge and CarDekho founder Amit Jain, who left 3 lakh Rs Job and made a business worth million dollar

A startup like Zomato has created numerous jobs, but do you know it faced a series of hurdles on its journey to success? Surprisingly, Zomato is an accidental startup that was initially not planned to become this big. Despite the challenges, its unexpected rise to prominence showcases the resilience and determination of its founders.&nbsp;Finding multibagger stocks is important for building wealth. Discover potential multi-baggers at&nbsp;<a href="https://www.sovrenn.com/discovery/Large%20Order%20Receipts">Sovrenn Discovery.</a>From navigating funding obstacles to scaling operations internationally, Deepinder's and Zomato's journey is a testament to overcoming adversity and achieving remarkable growth.<h2>Early Life and Education</h2>Deepinder Goyal was born in January 1983 in Punjab. His childhood was steeped in the values of hard work and perseverance. He belonged to a middle-class family of Muktsar City Punjab. He did his schooling from Muktsar. His childhood was good and funny, when he was in school he used to barely pass the exam till 7th.&nbsp; He even failed in class 5th.&nbsp;He didn't have any friends because he wasn't good at studies. In 8th standard, he first stood 3rd in class due to the help of his teacher in exams. He got a lot of attention. This was the first time he felt such attention. Later he started studying and scoring at least better marks.When he went for IIT coaching he was scared to crack the exam and decided to give the exam just for trial. But the result surprised everyone that he cleared the exam.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at&nbsp;<a href="https://www.sovrenn.com/education">Sovrenn Education</a>Deepinder Goyal pursued a degree in Mathematics and Computing at Indian Institute of Technology (IIT) Delhi. His knack for problem-solving and innovation became evident during his time at IIT, where he engaged in various tech projects.&nbsp;After graduating in 2005, Goyal joined Bain &amp; Company, a global management consulting firm. His stint at Bain provided him with invaluable insights into business operations and strategies, fueling his desire to create something impactful with technology.<figure class="image"><img style="aspect-ratio:500/500;" src="https://cms.sovrenn.com/uploads/How_Zomato_Overcame_Hurdles_and_Achieve_Global_Success_a1982fa538.png" alt="How Zomato Overcame Hurdles and Achieve Global Success.png" width="500" height="500"></figure><h2>The idea of Zomato</h2>The idea for Zomato came in 2008 when Goyal and his colleague Pankaj Chaddah faced the challenge of finding reliable restaurant information. They were frustrated with the lack of a comprehensive restaurant directory, so they decided to create one for themselves.&nbsp;Originally named "Foodiebay," the platform aimed to provide users with accurate and detailed information about restaurants, menus, and reviews. In just the time span of nine months, their start-up up FoodieBay became the largest restaurant directory in NCR.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at&nbsp;<a href="https://www.sovrenn.com/education">Sovrenn Education</a>In 2010, Zomato came, after rebranding from the food directory website Foodiebay. After Zomato’s success in Delhi-NCR, the company started expanding to cities like Pune, Ahmedabad, Bengaluru, Chennai, and Hyderabad. By 2012, Zomato had started expanding overseas, in countries like Sri Lanka, South Africa, UK, UAE, Qatar, and the Philippines. In 2013, it went to New Zealand, Turkey, and Brazil.In its early years, Zomato faced numerous challenges, from securing funding to building a user base. Goyal's determination, never giving up attitude and strategic decision-making played a pivotal role in overcoming these hurdles. The platform expanded rapidly, not only in India but also internationally. Goyal's foresight led Zomato to diversify its services, incorporating food delivery and online ordering to meet evolving consumer needs.In 2014-15, To strengthen its position abroad, it also began aggressively acquiring rival companies.After a slow 2016, Zomato saw a further decline in revenues, the company opted to scale back operations in nine of the countries it had expanded to and managed them remotely to make sure it did not miss out on the markets.Also Read: <a href="https://www.sovrenn.com/knowledge/the-inspiring-journey-of-dr-arokiaswamy-velumani-from-500rs-to-5000cr">The Inspiring Journey of Dr. Arokiaswamy Velumani: From 500rs to 5000cr</a>Today, Zomato is present in over 24 countries worldwide. Through strategic acquisitions and collaborations, Zomato has become a front-foot player in the global food-tech arena, competing with well-established pillars in the market. Goyal’s commitment to customer-centric innovation, a keen eye for market trends, and strategic expansion have pivoted the unprecedented success of his brand.Cofounder Pankaj Chaddah played a significant role in the company and gave wings to many of Zomato’s new initiatives like Zomato Gold and its cloud kitchen concept. In 2018, Pankaj Chaddah left Zomato and continued to own his stake of 3.11% in the company.A significant milestone in Goyal's entrepreneurial journey was Zomato's IPO (Initial Public Offering) in 2021. The IPO marked the company's entry into the stock market and attracted widespread attention and investment. Goyal's vision for Zomato continues to evolve, with a focus on technological advancements, sustainability, and enhancing the overall dining experience for users.Also Read: <a href="https://www.sovrenn.com/knowledge/stitching-success-the-journey-of-raja-rani-founders-from-couture-to-famous-coaching-centre">Stitching Success of Raja Rani Coaching Couple on the Stage of Shark Tank India</a>Deepinder Goyal's journey from a middle-class upbringing to the helm of a globally recognized company serves as an inspiration for aspiring entrepreneurs. His commitment to excellence, resilience in the face of challenges, and innovative thinking have left an indelible mark on the India business world.Recently, Goyal has gained further popularity with his appearance as an investor on Shark Tank, an Indian reality show, where he continues to inspire and support budding entrepreneurs.Deepinder Goyal’s story is one of vision, perseverance, and innovation. From the classrooms of IIT Delhi to the global stage, his journey encapsulates the spirit of entrepreneurship.&nbsp;His commitment to creating a platform that not only meets consumer needs but also adapts to the changing market dynamics has made Zomato a household name. Goyal’s footprint as the mastermind behind Zomato’s success has carved its story in the archives, serving as a beacon of inspiration for future generations of entrepreneurs.Also Read: <a href="https://www.sovrenn.com/knowledge/vineeta-singh-s-journey-rejected-by-over-100-vc-made-a-company-worth-500-crore-sugar-cosmetics">Vineeta Singh’s Journey : Rejected by 100 VC, made a company worth over 500 crore "Sugar cosmetics"</a>

Discover the journey of Zomato, the accidental startup that overcame numerous hurdles to achieve global success. Learn about the key strategies and challenges faced by the company on its path to becoming a worldwide leader in food delivery.

The Accidental Startup: How Zomato Overcame Hurdles and Achieve Global Success

Women entrepreneurs are always thought to be less important but now the environment has been changing. Some women entrepreneurs contributed to this change and faced hurdles throughout their journey of proving themselves. They contested social, cultural and family pressures to challenge the status quo in Indian society.&nbsp;Finding multibagger stocks is important for building wealth. Discover potential multi-baggers at&nbsp;<a href="https://www.sovrenn.com/discovery/Large%20Order%20Receipts">Sovrenn Discovery.</a>But now they are also empowering other women while providing innovative solutions to major social problems. Vineeta Singh is a true example of such entrepreneurs.&nbsp;Vineeta Singh, the co-founder and CEO of SUGAR Cosmetics, is a beacon of inspiration for aspiring entrepreneurs, especially women across India and the world. She is the calmest emphatic judge of Shark Tank India.<h2>Early Life and Education</h2>Vineeta was born in Anand, Gujrat and she was the only child of her parents. Her parents are doctors and they moved to Delhi when they got the job. She met new friends and learned about the value of money and other things. She says she sold magazines for 3 rs when she was 10 years old. From childhood, she used to be scared of failing, always trying where she could win.&nbsp;Vineeta exhibited exceptional academic prowess from an early age, earning gold medals throughout her schooling and college years. Her academic excellence led her to the esteemed IIT Madras where she completed B.Tech in 2005. Later, she pursued her MBA at Indian Institute of Management Ahmedabad in 2007.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at&nbsp;<a href="https://www.sovrenn.com/education">Sovrenn Education</a>After completing her studies at 23, she got a job for 1 crore. Despite receiving a lucrative offer in investment banking, she rejected a job offer and decided to start his own business. However, initially, she faced so many rejections and failures while finding investors. They used to reject her because she had no background or experience in business. Vineeta had to face rejection from over 100 venture capitalists when she was trying to raise funds.In the end, she decided to start a bootstrap company, for this venture a business named Quetzal, which focused on background checks, she hardly used to earn 10 thousand from it. The venture failed to take off. Undeterred, she co-founded Fab-Bag, a beauty subscription service that enjoyed moderate success but ultimately did not align with her true calling. These initial setbacks served as invaluable lessons, enriching her understanding of the market and her own capabilities.<figure class="image"><img style="aspect-ratio:500/500;" src="https://cms.sovrenn.com/uploads/vineeta_singh_2c337ee777_7252e50a1e.jpeg" alt="vineeta_singh_2c337ee777.jpeg" width="500" height="500"></figure><h2>Vineeta Singh Husband and co-founder</h2>In 2007, they started dating Kaushik Mukherjee who later became her husband in 2011. Kaushik was his junior at IIM Ahmedabad. The couple has 2 children. Vineeta often talks about her relationship with her husband and says he is always the supporting pillar behind her.&nbsp;Also Read: <a href="https://www.sovrenn.com/knowledge/from-studying-under-a-tree-to-billion-dollar-success-zscaler-founder-jay-chaudhry-s-story">From Studying Under a Tree to Billion-Dollar Success: Zscaler founder Jay Chaudhry's Story</a><h3>The Birth of SUGAR Cosmetics</h3>In 2015, with experience and a definitive vision, Vineeta, alongside her husband Kaushik, launched SUGAR Cosmetics. They recognised a gap in the Indian beauty market for products catering to diverse skin tones and preferences. They launched SUGAR offering vibrant, high-quality cosmetics at affordable prices.&nbsp;The brand struck a chord with young Indian women, and its digital-first approach swiftly garnered a dedicated following. The brand soon became popular due to its good products and targeting an independent woman approach.SUGAR Cosmetics' success reflects Vineeta's commitment to fostering a company culture that prioritises women's empowerment. The company’s 75% of its workforce is female. She is also a vocal advocate for diversity and inclusion within the beauty industry. Under her leadership, SUGAR has consistently innovated, keeping abreast of evolving trends and consumer preferences.<h3>Vineeta Singh Net worth</h3>Vineeta has a net worth of over Rs 300 crore and the worth of her company Sugar Cosmetics is around &nbsp;$500 million. Her husband Kaushik Mukherjee's valuation is at $500 million. The family lives in a luxurious apartment in Mumbai's Powai area.&nbsp;Vineeta says her eight-year-old son is her go-to person for life advice and describes herself as passionate, emotional, and gritty. Her golden rule for staying ahead in life and business is to do something you love. She believes that passion leads to dedication and excellence.&nbsp;Vineeta's journey took a turn with her role as an investor on the famous Indian reality show "Shark Tank India". Her feedback, empathetic approach, and readiness to champion innovative ideas resonated with audiences worldwide. She is a role model for budding entrepreneurs, particularly women, showcasing that ambition and perseverance can lead to remarkable success.Also Read: <a href="https://www.sovrenn.com/knowledge/the-story-of-bo-at-founder-aman-gupta-struggle-behind-the-success">The story of boAt founder Aman Gupta, Struggle Behind the Success</a>

Vineeta Singh's inspiring journey from being rejected by 100 VCs to building Sugar Cosmetics, a company now worth over 500 crore. Discover her path to entrepreneurial success.

Vineeta Singh’s Journey : Rejected by 100 VC, made a company worth over 500 crore "Sugar cosmetics"

<h2>Who is Aman Gupta?</h2>Aman Gupta, co-founder of boAt, is a name synonymous with innovation and the spirit of Indian entrepreneurship. Gupta's journey from a middle-class boy with a passion for technology to the co-founder of one of India’s leading consumer electronics brands is nothing short of inspiring.Finding multibagger stocks is important for building wealth. Discover potential multi-baggers at&nbsp;<a href="https://www.sovrenn.com/discovery/Large%20Order%20Receipts">Sovrenn Discovery.</a><h3>Early Life and Education&nbsp;</h3>Aman was born on March 4, 1982 in Delhi. He completed his schooling at Delhi Public School of R.K. Puram. He graduated from the University of Delhi with a bachelor’s degree in commerce. His father suggested him, pursue a career in Chartered Accountancy and He was the youngest person to pass the CA exam in 1999.&nbsp;But, he was not so happy in doing CA, as he said in some of his interviews that he was not finding a kick in it. He applied to a few companies but got rejected. finally, he got a job and worked there for 2 years. But Aman did not find it interesting as well. He talked to his father and decided to start a business, he was doing well and worked for around 5 years in it. He learned a lot of things from his father about business.Despite his achievements, Gupta harboured a deep interest in technology and consumer electronics. This interest and passion led him to the Indian School of Business, where he earned an MBA in finance and strategy, and later to the Kellogg Graduate School of Management in the USA, where he pursued another MBA in management and marketing.<h3>Aman Gupta wife&nbsp;</h3>Aman married his college friend Priya Dagar when he was 27. He really loved and convinced her to marry after 3 years. It was the time when he was doing business with his father. Priya balanced him at every moment of life even when he was not happy with the business. She suggested him pursue MBA. She was working when Aman was busy in his startup and always helped him in finding direction. The couple are also blessed with two daughters.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at&nbsp;<a href="https://www.sovrenn.com/education">Sovrenn Education</a><h3>Entrepreneurial Initial Struggles</h3>Gupta’s entrepreneurial journey was not a straightforward path. Before founding boAt in 2016, he faced several setbacks. He started and shut down five businesses, each failure serving as a stepping stone and learning experience.&nbsp;These early ventures included a stint at Citi Group as an Assistant Manager and roles in various other organizations. Aman’s persistence and willingness to learn from each of his failures set the foundation for his future success.<h3>The Birth of boAt</h3>The idea for boAt was born out of a simple observation by Aman in the India Market: the need for affordable, stylish, and high-quality audio products in the market. Aman at the age of 36 with his friend Sameer Mehta co-founded boAt with an initial investment of approximately 30 lakh rupees. They started working out of a co-working space in Hauz Khas Social, at that time they were unable to afford larger offices. Sameer used to work from Mumbai.The company began as a seller and manufacturer of cables, gradually expanding its product line to include headphones, earphones, speakers, and other accessories. Aman’s experience at JBL, where he was responsible for offline distribution and product management, proved invaluable. His insights into the Indian market helped shape boAt’s product offerings.<figure class="image image_resized" style="width:84.25%;"><img style="aspect-ratio:500/500;" src="https://cms.sovrenn.com/uploads/bo_At_founder_Aman_Gupta_dfde659a0c_fdb720c44c.png" alt="bo_At_founder_Aman_Gupta_dfde659a0c.png" width="500" height="500"></figure><h3>Challenges</h3>The journey of boAt was fraught with challenges. One of the significant hurdles was the geopolitical tensions with China, a major production hub for boAt’s products. The COVID-19 pandemic further exacerbated these issues, causing delays in product development and production.Economic and supply chain challenges also posed threats. boAt relied heavily on e-commerce platforms like Amazon and Flipkart, which accounted for over three-quarters of its revenue. Aman’s strategic vision and resilience helped him navigate through all these tough times.Also Read: <a href="https://www.sovrenn.com/knowledge/mukul-agrawal-s-journey-from-a-mumbai-local-to-a-prominent-investor-and-financial-maverick">Mukul Agrawal's Journey, From a Mumbai local to a prominent Investor and Financial Maverick</a><h3>Key aspects of boAt’s success</h3>A key aspect of boAt’s success has been its ability to innovate based on customer preferences. The company adopted an agile business model and focused on consumer needs and behaviour patterns. For instance, they identified and addressed the issue of low-quality iPhone charging cables by offering stronger alternatives.&nbsp;In the starting, they even hired young interns as their customers were also young people, they focused on the needs and demands of young customers. Gupta’s approach to business was centred on problem-solving and real-time adaptation to customer feedback. This customer-centric approach helped boAt build a loyal customer base and maintain a competitive edge in the market.The company also emphasized a lot on digital marketing and social media to promote its brand. They collaborated with famous social media influencers and celebrities like Virat Kohli, Shikhar Dhawan, and Rishabh Pant which helped to boost its visibility.&nbsp;Partnerships with events like Lakme Fashion Week further established boAt as a lifestyle brand rather than just an electronics company. boAt’s growth story attracted significant investment, including a $60 million investment from Malabar Investments and Warburg Pincus.&nbsp;This funding enabled boAt to expand its presence across channels and geographies, strengthen its position in the audio market, and support local manufacturing under the Make In India initiative.<h3>Aman Gupta net worth</h3>Aman Gupta’s success has made him a prominent figure in the Indian startup and business ecosystem. He is one of the famous and cool sharks at Shark Tank India. With a net worth of ₹700 crores, he emerged as the highest investor in the initial season of Shark Tank India. His journey serves as an inspiration for entrepreneurs, he has shown if you want it then you can achieve it.He is very much interested in startups and his investments in various startups, including Shiprocket, WickedGud, and Skippi Ice Pops, demonstrate his commitment to fostering the startup culture in India.Aman Gupta’s journey from a middle-class boy to the co-founder of boAt is a story of innovation, resilience and entrepreneurial spirit. Despite facing numerous challenges, his strategic vision and deep understanding of the market helped boAt become a household name in India.Also Read: <a href="https://www.sovrenn.com/knowledge/radhakishan-damani-the-man-who-made-a-3-09-trillion-worth-retail-business-chain-d-mart">Radhakishan Damani, the Man who made a 3.09 trillion worth retail business chain "DMart "</a>

Uncover the inspiring journey of boAt founder Aman Gupta, delving into the struggles and challenges he faced on his path to success, and how his perseverance led to the creation of a leading audio brand.

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