Business2Business lists five young and successful indian entrepreneurs who didn't adhere to the usual business guidelines, but became disruptive in their industries.
BYJU'S The Learning App is an educational technology startup founded by Bjyu Raveendran in 2011. The son of physics and mathematics teachers from the town of Azhikode in the Kannur district of Kerala, Byju Raveendran was a mathematics teacher turned entrepreneur.
With a net worth of 2.5 billion dollars, Byju Raveendran is one of the most popular and successful indian entrepreneur right now. The edtech company is valued at around 4 to 6 million dollars, making Byju one of the richest young entrepreneurs in India. It has around 12,000 employees and trainees.
BYJU'S has been backed by investors such as Mark Zuckerberg and Tencent. The BYJU app, which targets school-age children in grades one through twelve (K-12), has recorded a total of more than 64 million downloads.
Ritesh Agarwal, Founder and CEO of Oyo Rooms, was born in the year 1993 in Bissam, Cuttack, Odisha. He started selling SIM cards at the age of 13. After completing his studies, he went to a university in Delhi, but dropped out and joined the Thiel Scholarship Program, funded by billionaire technology investor Peter Thiel.
Agarwal founded his first company, Oravel, in 2012. Branded as Airbnb India, the company became OYO Hotels and Homes in 2013 and is now one of the world's leading hotel chains.
Currently, Ritesh's net worth is around 612.1 million dollars, making him one of the most prominent and successful indian entrepreneurs.
OYO has 4,50,000 listings in 500 metro areas in India, USA, China, Nepal, Japan, Sri Lanka, UK, Malaysia and Saudi Arabia.
As of 2022, Ritesh is the second youngest billionaire in India, according to Wikipedia.
Vijay Shekhar Sharma
Vijay Shekhar Sharma is the founder and CEO of Paytm. The son of a teacher from a small town in northern India, he started indiasite.net in 1997 while he was at university. He sold it for 1 million dollars two years later.
In 2000, he founded One97 Communications. The company has provided mobile content including news, cricket scores, ringtones, test scores and much more.
One97 is the parent company of Paytm, a mobile wallet, which was launched in 2011. Perhaps the biggest decryption taker in India in 2016, Paytm entered 400 million users and 25 million transactions per day.
In August 2018, Sharma acquired Berkshire Hathaway from Warren Buffett to invest 300 million dollars in Paytm.
Paytm launched its initial public offering (IPO) in November 2021. Sharma also created Paytm Mall, an online business, and Paytm Payments Bank.
Bhavish Aggarwal was born in Ludhiana and completed his bachelor's degree in Computer Science and Engineering from the Indian Institute of Technology, Bombay in 2008. Bhavish later left a high-paying position at Microsoft to work at Ola Cabs.
In January 2011, Aggarwal co-founded Ola Cabs in Bangalore.
No one supported his ideas, but it was his strong will, determination and energy to face life's challenges that led him to the pinnacle of achievement. Bhavish Aggarwal is among the leading Indian entrepreneurs. Bhavish Agarwal's net worth is 500 million dollars today.
Zerodha's founder and CEO is Nithin Kamath. He started trading stocks when friends of his introduced him to the markets at the age of seventeen.
Founded in 2007, Zerodha has pioneered the discount brokerage model in India, allowing its users to trade stocks at a much cheaper cost than the opposition.
Zerodha, which has never raised funds, has more than 7 million users. Of these, there are 5 million active users. Active users are those traders who trade somewhere once a year.
Nithin Kamath's net assets increased to 1.9 billion dollars, making it the third largest stockbroker in the country, after ICICI and HDFC.
Also Read: Top 10 famous Indian Entrepreneurs