Garden City, tech hub, pub city… And now most preferred city for business headquarters for young wealth creators.
Bengaluru :
The recently-released IIFL Wealth Hurun India 40 & Under Self-Made Rich List 2020 has a ranking of the self-made Indian-origin entrepreneurs with a wealth of Rs 1,000 crore, aged 40 years and under. Bengaluru figures as the city with the highest number of persons on the list. As many as nine entrepreneurs from the list of 17 are city-based, with Nithin Kamath and Nikhil Kamath from Zerodha, ranking first with a wealth of Rs 24,000 crore.
Sharing his thoughts on the findings, Anas Rahman Junaid, MD and chief researcher, Hurun India, said some of the names on the list have fully or partly exited their core businesses and are setting up investment funds and backing other young entrepreneurs. “This will have a compounding effect on the growth of disruptive entrepreneurship in India,” he said in a statement.
The 17 Indian-origin entrepreneurs have together added wealth close to Rs 45,000 crore. The list also includes Media.net’s Divyank Turakhia in second place, Bengaluru-based Udaan’s Amod Malviya and Sujeet Kumar in third position, Flipkart’s Sachin Bansal and Binny Bansal in seventh rank and Zomato Media’s Deepinder Goyal in the 13th position.
The only woman on the list is 39-year-old Devita Saraf, who ranks 16th with a wealth of Rs 1,200 crore. Saraf derives her wealth from Vu Technologies, a television manufacturing company, which she founded in 2006.
Richie Rich in Namma Ooru
Nithin Kamath and Nikhil Kamath
(rank 1; Rs 24,000 cr)Co-founders of online trading platform Zerodha, which grew to become India’s largest stockbroker by the number of clients.
Amod Malviya and Sujeet Kumar
(rank 3; Rs 13,100 cr) Co-founders of B2B commerce company Udaan.
Riju Ravindran (rank 6; Rs 7,800 cr)
Brother of Byju Raveendran, who co-founded Byju’s in 2011 with his wife Divya Gokulnath. All three have stakes in the online edtech company.
Binny Bansal and Sachin Bansal (rank 7; Rs 7,500 cr)
Co-founders of Flipkart. Since their exit from Flipkart, Binny Bansal has been investing in several start-ups as an angel investor and Sachin Bansal has co-founded and is the CEO of Navi, a neo-bank start-up headquartered in Bengaluru.
Bhavish Aggarwal and Ankit Bhati (rank 10; Rs 3,500 cr and rank 14; Rs 1,600 cr)
Co-founders of Ola. In July 2020, Ola incentivised Aggarwal and Bhati by way of issuing equity shares at a nominal price of Rs 10 per share – resulting in a 13% increase in their wealth compared to last year.
source: http://www.newindianexpress.com / The New Indian Express / Home> Cities> Bengaluru / by Express News Service / October 14th, 2020