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Bhavin Turakhia
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<h2 id="early-life">Early life</h2> <p>Bhavin was born in <a href="/facts/Mumbai/BdoEc10R">Mumbai</a> in a middle-class <a href="/facts/Jain/h0glxhjH">Jain</a> family. He did his schooling from Arya Vidya Mandir, <a href="/facts/Bandra/L0FCShK1">Bandra</a>.<a class="footnote-ref" id="fnref:13" href="#fn:13"><sup>13</sup></a> He attended <a href="/facts/D.G._Ruparel_College/1cQocdf5">D.G. Ruparel College</a><a class="footnote-ref" id="fnref:14" href="#fn:14"><sup>14</sup></a> to study science and later dropped out.<a class="footnote-ref" id="fnref:15" href="#fn:15"><sup>15</sup></a> He completed his bachelor's degree in commerce from <a href="/facts/Sydenham_College_of_Commerce_and_Economics/x5QtYtYp">Sydenham College of Commerce and Economics</a>.<a class="footnote-ref" id="fnref:16" href="#fn:16"><sup>16</sup></a><a class="footnote-ref" id="fnref:17" href="#fn:17"><sup>17</sup></a> As of 2017, he is based in London.<a class="footnote-ref" id="fnref:18" href="#fn:18"><sup>18</sup></a> </p> <h2 id="career">Career</h2> <p>In 1998, at the age of 18 and with a capital of ₹25,000<a class="footnote-ref" id="fnref:19" href="#fn:19"><sup>19</sup></a><a class="footnote-ref" id="fnref:20" href="#fn:20"><sup>20</sup></a> (equal to roughly US$675 in 1998), Bhavin Turakhia started his first tech venture Directi with his brother <a href="/facts/Divyank_Turakhia/nAXeswRY">Divyank Turakhia</a>.<a class="footnote-ref" id="fnref:21" href="#fn:21"><sup>21</sup></a><a class="footnote-ref" id="fnref:22" href="#fn:22"><sup>22</sup></a><a class="footnote-ref" id="fnref:23" href="#fn:23"><sup>23</sup></a> </p><p>In 2014, Bhavin and Divyank sold four of their web companies – BigRock, <a href="/facts/LogicBoxes/o7AfkanN">LogicBoxes</a>, Reseller Club, and Webhosting.info – to web-hosting firm <a href="/facts/Endurance_International_Group/Ptg2IdHK">Endurance International Group</a> for $160 million.<a class="footnote-ref" id="fnref:24" href="#fn:24"><sup>24</sup></a><a class="footnote-ref" id="fnref:25" href="#fn:25"><sup>25</sup></a> </p><p>In July 2019, his banking tech<a class="footnote-ref" id="fnref:26" href="#fn:26"><sup>26</sup></a> venture Zeta<a class="footnote-ref" id="fnref:27" href="#fn:27"><sup>27</sup></a> received an investment from <a href="/facts/Sodexo/Wm4FXf7v">Sodexo</a> at a valuation of $300 million.<a class="footnote-ref" id="fnref:28" href="#fn:28"><sup>28</sup></a><a class="footnote-ref" id="fnref:29" href="#fn:29"><sup>29</sup></a> In 2021, Zeta secured $250 million in investment from <a href="/facts/SoftBank_Group/rTPGcTJt">SoftBank</a> Vision Fund 2.<a class="footnote-ref" id="fnref:30" href="#fn:30"><sup>30</sup></a> This Series C investment values Zeta at $1.45 billion. </p><p>In August 2021, Titan,<a class="footnote-ref" id="fnref:31" href="#fn:31"><sup>31</sup></a> the professional email service founded by Bhavin, received a $30 million investment from Automattic, valuing Titan at $300 million.<a class="footnote-ref" id="fnref:32" href="#fn:32"><sup>32</sup></a> </p><p>As of 2022, Bhavin operates companies Titan,<a class="footnote-ref" id="fnref:33" href="#fn:33"><sup>33</sup></a><a class="footnote-ref" id="fnref:34" href="#fn:34"><sup>34</sup></a> <a href="/facts/Flock_(messaging_service)/nPoEAaI7">Flock</a>,<a class="footnote-ref" id="fnref:35" href="#fn:35"><sup>35</sup></a> Radix and <a href="/facts/Zeta_India/8E3bayMb">Zeta</a>.<a class="footnote-ref" id="fnref:36" href="#fn:36"><sup>36</sup></a><a class="footnote-ref" id="fnref:37" href="#fn:37"><sup>37</sup></a> </p> <h2 id="awards-and-recognition">Awards and recognition</h2> <ul><li>Ranked #95, with a net worth of US$1.3 billion, on the <i><a href="/facts/Forbes/lyULpGhW">Forbes</a></i> list of India's 100 Richest People (2016).<a class="footnote-ref" id="fnref:38" href="#fn:38"><sup>38</sup></a><a class="footnote-ref" id="fnref:39" href="#fn:39"><sup>39</sup></a><a class="footnote-ref" id="fnref:40" href="#fn:40"><sup>40</sup></a></li> <li>Serial Entrepreneur of the Year and Entrepreneur of the Year in Innovation and Technology by <a href="/facts/Entrepreneur_(magazine)/PKpCmshr"><i>Entrepreneur</i></a> (2016).<a class="footnote-ref" id="fnref:41" href="#fn:41"><sup>41</sup></a><a class="footnote-ref" id="fnref:42" href="#fn:42"><sup>42</sup></a><a class="footnote-ref" id="fnref:43" href="#fn:43"><sup>43</sup></a></li> <li>The ETPanache Trendsetter Award by <i><a href="/facts/The_Economic_Times/R2e8tsLr">The Economic Times</a></i> (2016).<a class="footnote-ref" id="fnref:44" href="#fn:44"><sup>44</sup></a><a class="footnote-ref" id="fnref:45" href="#fn:45"><sup>45</sup></a><a class="footnote-ref" id="fnref:46" href="#fn:46"><sup>46</sup></a></li> <li><a href="/facts/Young_Global_Leader/LwaCPXMw">Young Global Leader</a> by the <a href="/facts/World_Economic_Forum/91KlC7Cb">World Economic Forum</a> (WEF) in <a href="/facts/Geneva/14gXxjcq">Geneva</a> (2011).<a class="footnote-ref" id="fnref:47" href="#fn:47"><sup>47</sup></a></li> <li>Bharti Entrepreneur of the Year award by the Bharti Foundation & the Entrepreneurship Development Institute of India (2005).<a class="footnote-ref" id="fnref:48" href="#fn:48"><sup>48</sup></a><a class="footnote-ref" id="fnref:49" href="#fn:49"><sup>49</sup></a></li> <li>Chairperson of the <a href="/facts/Internet_Corporation_for_Assigned_Names_and_Numbers/2EHgcUU1">Internet Corporation for Assigned Names and Numbers</a> (ICANN)'s Registrar Constituency for several terms.<a class="footnote-ref" id="fnref:50" href="#fn:50"><sup>50</sup></a><a class="footnote-ref" id="fnref:51" href="#fn:51"><sup>51</sup></a></li></ul> <h2 id="see-also">See also</h2> <ul> <li>Biography portal</li><li>India portal</li></ul> <ul><li><a href="/facts/List_of_Indian_entrepreneurs/yBrB0bFV">List of Indian entrepreneurs</a></li> <li><a href="/facts/List_of_Internet_entrepreneurs/q8WaNC8a">List of Internet entrepreneurs</a></li></ul> <h2 id="external-links">External links</h2> <p> Media related to Bhavin Turakhia at Wikimedia Commons </p> <ul><li><a href="http://bwdisrupt.businessworld.in/article/-Focus-on-Creating-Value-Rather-than-Profitability-To-Do-Well-in-the-Long-Run-Bhavin-Turakhia/26-12-2016-110278/">Bhavin Turakhia's Interview</a> at <a href="/facts/Businessworld/Ws8Araxs">Businessworld</a></li> <li><a href="http://economictimes.indiatimes.com/et-now/daily/how-turakhia-duo-spends-the-moolah/videoshow/54751279.cms">How Turakhia duo spends the moolah!</a> at <a href="/facts/The_Economic_Times/R2e8tsLr">Economic Times</a></li> <li><a href="https://www.forbesindia.com/article/take-one-big-story-of-the-day/after-20-years-of-bootstrapping-is-bhavin-turakhia-switching-from-value-to-valuation-game/68865/1">Bhavin Turakhia's interview</a> at <a href="/facts/Forbes_India/JGJ2lFXr">Forbes</a></li> <li><a href="https://www.business-standard.com/article/companies/how-bhavin-turakhia-is-building-a-bank-in-a-box-stack-for-global-markets-121060800849_1.html">How Bhavin Turakhia is building a 'bank in a box' stack</a> at <a href="/facts/Business_Standard/NKjGz3WY">Business Standard</a></li></ul> <h2 id="references">References</h2> <ol> <li id="fn:1"><p>"Video I followed my father's advice and became a billionaire". BBC. 6 November 2019. <a href="https://www.bbc.com/news/av/business-50268357/i-followed-my-father-s-advice-and-became-a-billionaire" target="_blank">https://www.bbc.com/news/av/business-50268357/i-followed-my-father-s-advice-and-became-a-billionaire</a> <a href="#fnref:1" class="footnote-back-ref">↩</a></p></li> <li id="fn:2"><p>"Automattic Values Business-Email Startup Titan at $300 Million". Bloomberg.com. 3 August 2021. Retrieved 14 June 2022. <a href="https://www.bloomberg.com/news/articles/2021-08-03/automattic-values-business-email-startup-titan-at-300-million" target="_blank">https://www.bloomberg.com/news/articles/2021-08-03/automattic-values-business-email-startup-titan-at-300-million</a> <a href="#fnref:2" class="footnote-back-ref">↩</a></p></li> <li id="fn:3"><p>"Bhavin Turakhia to invest $25 mn in Flock, an enterprise team messenger". The Hindu Business Line. 15 March 2017. <a href="http://www.thehindubusinessline.com/markets/bhavin-turakhia-to-invest-25-mn-in-flock-an-enterprise-team-messenger/article9587411.ece" target="_blank">http://www.thehindubusinessline.com/markets/bhavin-turakhia-to-invest-25-mn-in-flock-an-enterprise-team-messenger/article9587411.ece</a> <a href="#fnref:3" class="footnote-back-ref">↩</a></p></li> <li id="fn:4"><p>Banerjee, Sudeshna (4 November 2016). "The winner takes it all". Asian Age. <a href="http://www.asianage.com/people/winner-takes-it-all-181" target="_blank">http://www.asianage.com/people/winner-takes-it-all-181</a> <a href="#fnref:4" class="footnote-back-ref">↩</a></p></li> <li id="fn:5"><p>Mendonca, Jochelle (19 September 2016). "Directi, founded by brothers Bhavin and Divyank Turakhia, to buy 1 lakh sq feet building". Economic Times. <a href="http://economictimes.indiatimes.com/small-biz/startups/directi-founded-by-brothers-bhavin-and-divyank-turakhia-to-buy-1-lakh-sq-feet-building/articleshow/54287458.cms" target="_blank">http://economictimes.indiatimes.com/small-biz/startups/directi-founded-by-brothers-bhavin-and-divyank-turakhia-to-buy-1-lakh-sq-feet-building/articleshow/54287458.cms</a> <a href="#fnref:5" class="footnote-back-ref">↩</a></p></li> <li id="fn:6"><p>"Family matters: Bhavin Turakhia credits his father, humble beginnings for success". The Economic Times. 3 December 2019. <a href="https://economictimes.indiatimes.com/magazines/panache/family-matters-bhavin-turakhia-credits-his-father-humble-beginnings-for-success/articleshow/72341438.cms" target="_blank">https://economictimes.indiatimes.com/magazines/panache/family-matters-bhavin-turakhia-credits-his-father-humble-beginnings-for-success/articleshow/72341438.cms</a> <a href="#fnref:6" class="footnote-back-ref">↩</a></p></li> <li id="fn:7"><p>Raghunathan, Anuradha (1 December 2016). "Meet the technology whiz kids Bhavin and Divyank Turakhia". Forbes India. <a href="http://www.forbesindia.com/article/india-rich-list-2016/meet-the-technology-whiz-kids-bhavin-and-divyank-turakhia/44959/1" target="_blank">http://www.forbesindia.com/article/india-rich-list-2016/meet-the-technology-whiz-kids-bhavin-and-divyank-turakhia/44959/1</a> <a href="#fnref:7" class="footnote-back-ref">↩</a></p></li> <li id="fn:8"><p>Singh, Rajiv (18 January 2016). "Bootstrapping – running a startup without equity funding is the better way forward". The Economic Times. <a href="http://economictimes.indiatimes.com/small-biz/startups/bootstrapping-running-a-startup-without-equity-funding-is-the-better-way-forward/articleshow/50605934.cms" target="_blank">http://economictimes.indiatimes.com/small-biz/startups/bootstrapping-running-a-startup-without-equity-funding-is-the-better-way-forward/articleshow/50605934.cms</a> <a href="#fnref:8" class="footnote-back-ref">↩</a></p></li> <li id="fn:9"><p>"इस गुजराती ने 18 साल की उम्र में ही कर ली 8700 करोड़ की कमाई" (in Hindi). Daily Bhaskar. 23 November 2016. <a href="http://www.bhaskar.com/news/GUJ-AHM-OMC-the-success-story-of-two-brother-bhavin-turakhia-and-divyank-turakhia-news-hindi-5465152.html" target="_blank">http://www.bhaskar.com/news/GUJ-AHM-OMC-the-success-story-of-two-brother-bhavin-turakhia-and-divyank-turakhia-news-hindi-5465152.html</a> <a href="#fnref:9" class="footnote-back-ref">↩</a></p></li> <li id="fn:10"><p>"Sanjay Chandra,11 other Indians among WEF Young Global Leaders". Geneva: Deccan Herald. 9 March 2011. <a href="http://www.deccanherald.com/content/144514/sanjay-chandra11-indians-among-wef.html" target="_blank">http://www.deccanherald.com/content/144514/sanjay-chandra11-indians-among-wef.html</a> <a href="#fnref:10" class="footnote-back-ref">↩</a></p></li> <li id="fn:11"><p>"12 Indians among WEF's Young Global Leaders". rediff.com. 14 March 2011. <a href="http://www.rediff.com/business/slide-show/slide-show-1-twelve-indians-among-wef-young-global-leaders/20110314.htm#13" target="_blank">http://www.rediff.com/business/slide-show/slide-show-1-twelve-indians-among-wef-young-global-leaders/20110314.htm#13</a> <a href="#fnref:11" class="footnote-back-ref">↩</a></p></li> <li id="fn:12"><p>"World Economic Forum names Bhavin Turakhia 'Young Global Leader 2011'". Business Standard. 18 March 2011. <a href="http://www.business-standard.com/article/press-releases/world-economic-forum-names-bhavin-turakhia-young-global-leader-2011-111031800125_1.html" target="_blank">http://www.business-standard.com/article/press-releases/world-economic-forum-names-bhavin-turakhia-young-global-leader-2011-111031800125_1.html</a> <a href="#fnref:12" class="footnote-back-ref">↩</a></p></li> <li id="fn:13"><p>Raghunathan, Anuradha (1 December 2016). "Meet the technology whiz kids Bhavin and Divyank Turakhia". Forbes India. <a href="http://www.forbesindia.com/article/india-rich-list-2016/meet-the-technology-whiz-kids-bhavin-and-divyank-turakhia/44959/1" target="_blank">http://www.forbesindia.com/article/india-rich-list-2016/meet-the-technology-whiz-kids-bhavin-and-divyank-turakhia/44959/1</a> <a href="#fnref:13" class="footnote-back-ref">↩</a></p></li> <li id="fn:14"><p>Nair, Sulekha (12 September 2016). "Never give up, take risks, hire best talent: Business lessons from Bhavin Turakhia". Firstpost. <a href="http://www.firstpost.com/business/never-give-up-take-risks-hire-best-talent-business-lessons-from-bhavin-turakhia-2997564.html" target="_blank">http://www.firstpost.com/business/never-give-up-take-risks-hire-best-talent-business-lessons-from-bhavin-turakhia-2997564.html</a> <a href="#fnref:14" class="footnote-back-ref">↩</a></p></li> <li id="fn:15"><p>"Successful Entrepreneurs Who Were College Drop Outs - Bhavin Turakhia". India Times. 4 December 2017. Retrieved 7 May 2020. <a href="https://www.indiatimes.com/culture/who-we-are/successful-entrepreneurs-who-were-college-drop-outs-bhavin-turakhia-314210.html" target="_blank">https://www.indiatimes.com/culture/who-we-are/successful-entrepreneurs-who-were-college-drop-outs-bhavin-turakhia-314210.html</a> <a href="#fnref:15" class="footnote-back-ref">↩</a></p></li> <li id="fn:16"><p>Kurian, Boby; Sharma, Samidha (23 August 2016). "Brothers born and bred in city sell e-firm for $900m". The Times of India. Mumbai. Archived from the original on 25 March 2017. Retrieved 24 March 2017. <a href="https://web.archive.org/web/20170325031112/http://epaperbeta.timesofindia.com/Article.aspx?eid=31804&articlexml=Brothers-born-and-bred-in-city-sell-e-23082016001057" target="_blank">https://web.archive.org/web/20170325031112/http://epaperbeta.timesofindia.com/Article.aspx?eid=31804&articlexml=Brothers-born-and-bred-in-city-sell-e-23082016001057</a> <a href="#fnref:16" class="footnote-back-ref">↩</a></p></li> <li id="fn:17"><p>"India's Internet billionaires". Telegraph India. 12 September 2016. Archived from the original on 16 September 2016. <a href="https://web.archive.org/web/20160916123149/http://www.telegraphindia.com/1160912/jsp/you/story_107607.jsp" target="_blank">https://web.archive.org/web/20160916123149/http://www.telegraphindia.com/1160912/jsp/you/story_107607.jsp</a> <a href="#fnref:17" class="footnote-back-ref">↩</a></p></li> <li id="fn:18"><p>"Bhavin Turakhia: The man who is building a Slack killer". FactorDaily. 23 June 2017. Retrieved 16 January 2023. <a href="https://archive.factordaily.com/bhavin-turakhia-flock-slack/" target="_blank">https://archive.factordaily.com/bhavin-turakhia-flock-slack/</a> <a href="#fnref:18" class="footnote-back-ref">↩</a></p></li> <li id="fn:19"><p>Bose, Hiren (18 December 2016). "The strength of start-ups". Deccan Herald.[permanent dead link] <a href="http://www.deccanherald.fjfhcbxbc.com/content/587154/strength-start-ups.html" target="_blank">http://www.deccanherald.fjfhcbxbc.com/content/587154/strength-start-ups.html</a> <a href="#fnref:19" class="footnote-back-ref">↩</a></p></li> <li id="fn:20"><p>मुंबई के दो भाइयों ने 25 हजार को बनाया 9 हजार करोड़, 16 की उम्र बने थे बिजनेसमैन... Archived 25 March 2017 at the Wayback Machine Daily Bhaskar. Retrieved 24 August 2016 <a href="http://money.bhaskar.com/news/MON-INDU-STA-these-two-siblings-become-billionaires-after-selling-their-company-business-news-540237.html" target="_blank">http://money.bhaskar.com/news/MON-INDU-STA-these-two-siblings-become-billionaires-after-selling-their-company-business-news-540237.html</a> <a href="#fnref:20" class="footnote-back-ref">↩</a></p></li> <li id="fn:21"><p>"Know how these two Mumbai brothers turned Rs 25 thousand into Rs 9,000 crores". Zee News. 26 August 2016. <a href="http://zeenews.india.com/business/news/companies/know-how-these-two-mumbai-brothers-turned-rs-25-thousand-into-rs-9000-crores_1922704.html" target="_blank">http://zeenews.india.com/business/news/companies/know-how-these-two-mumbai-brothers-turned-rs-25-thousand-into-rs-9000-crores_1922704.html</a> <a href="#fnref:21" class="footnote-back-ref">↩</a></p></li> <li id="fn:22"><p>Mendonca, Jochelle (19 September 2016). "Directi, founded by brothers Bhavin and Divyank Turakhia, to buy 1 lakh sq feet building". Economic Times. <a href="http://economictimes.indiatimes.com/small-biz/startups/directi-founded-by-brothers-bhavin-and-divyank-turakhia-to-buy-1-lakh-sq-feet-building/articleshow/54287458.cms" target="_blank">http://economictimes.indiatimes.com/small-biz/startups/directi-founded-by-brothers-bhavin-and-divyank-turakhia-to-buy-1-lakh-sq-feet-building/articleshow/54287458.cms</a> <a href="#fnref:22" class="footnote-back-ref">↩</a></p></li> <li id="fn:23"><p>Sabharwal, Punita (2 October 2016). "10 Takes From Bhavin Turakhia On Tech". Entrepreneur. <a href="https://www.entrepreneur.com/article/283186" target="_blank">https://www.entrepreneur.com/article/283186</a> <a href="#fnref:23" class="footnote-back-ref">↩</a></p></li> <li id="fn:24"><p>Arora, Varun (26 August 2016). "We will set up family office soon, says Bhavin Turakhia". VCCircle. <a href="http://www.vccircle.com/news/media-entertainment/2016/08/26/we-will-set-family-office-soon-says-bhavin-turakhia" target="_blank">http://www.vccircle.com/news/media-entertainment/2016/08/26/we-will-set-family-office-soon-says-bhavin-turakhia</a> <a href="#fnref:24" class="footnote-back-ref">↩</a></p></li> <li id="fn:25"><p>Modgil, Shweta (10 January 2017). "It's Our Moral Obligation To Make An Impact Directly Proportional To Our Potential: Bhavin Turakhia, Co-Founder, Directi Group". Inc42.com. Retrieved 24 March 2017. <a href="https://inc42.com/startups/interviews/bhavin-turakhia-directi/" target="_blank">https://inc42.com/startups/interviews/bhavin-turakhia-directi/</a> <a href="#fnref:25" class="footnote-back-ref">↩</a></p></li> <li id="fn:26"><p>"Zeta Closes $250 Million SoftBank Funding At $1.5 Billion Valuation". www.pymnts.com. 24 May 2021. 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