Wed, Jan 20, 2021
  • Stories
  • Videos
  • Startups
  • Science & Tech
  • Entertainment
  • Login
Tomatoheart Logo
  • Stories
  • Videos
  • Startups
  • Science & Tech
  • Entertainment
No Result
View All Result
Tomatoheart
  • Stories
  • Videos
  • Startups
  • Science & Tech
  • Entertainment
No Result
View All Result
  • Login
Tomatoheart
No Result
View All Result
Home Latest

How India’s Newest Billionaires Made A Stunning Fortune From $500

Amardeep Singh by Amardeep Singh
in Latest, Business, Entrepreneurs, More, News
Reading Time: 3min read
45 1
A A
How India's Newest Billionaires Made A Stunning Fortune From $500 Tomatoheart.com 3

Via

Share on FacebookSend to WhatsAppTweet NowPost on LinkedInShare on Pinterest

More storiesof your interest.

appealing roles unnamed 10 Most Appealing Roles by Actresses This Year Tomatoheart 1

10 Most Appealing Roles by Actresses This Year

me-too Tomatoheart

How Should Men React To #MeToo Posts

Giridhar-Soundararajan-Barrel-Exhaust-Tomatoheart

The Monk Who Sold His Hyundai, Meet Giridhar – The Founder of Barrel Exhaust

asean-india-music-festival-2017

Delhiites! This Is The Music Festival You Were Waiting For

Bhavin and Divyank Turakhia were mostly underdogs their entire lives in the entrepreneurial field. But like all underdogs, their time has come full circle as Divyank Turakhia sold his seventh business. Sold to a Chinese Consortium for $900 million, it has earned him a fresh spot in the list of billionaires.

Via
Via
1 A Humble Beginning

Divyank Turakhia’s life story a staple rags to riches journey. A Mumbai resident, Turakhia became a programmer at the age of nine and set up a free dial-up BBS (bulletin board system) in a time when the internet was yet to make its mark.

Via
Via

His career began with a tech job at 14 by providing advice to large companies on internet implementation in their businesses.  He first struck success by co-founding the Directi Group with his 18-year-old brother Bhavin Turakhia, using a $500 loan from their parents.

The success of their first business venture added millions to their project only when he was 18. By the time he reached 23, it rose to a $100 million. His brother took the managing desk of Directi while Divyank played a major role in its growth and expansion.

2 A Brighter Future

Divyank Turakhia’s work has played an important role for several Indian businesses. His actions have also helped build strategic partnerships for the company. All the hard work paid off and he is now the brains behind media businesses like Skenzo, BigJumbo, DomainAdvertising.com and MediaInvestments.com. It employs over a 1,000 people and serves over 1,000,000 customers.

Turakhia’s business leadership has accrued his companies in the list of Top 50 Fastest Growing Technology Companies in India. Not just that, but they have also been included in the Top 500 Fastest Growing Companies in Asia by Deloitte & Touche for the past four years in a row.

https://www.youtube.com/watch?v=sVARkzcDLjU

Turakhia and his brother sold four of their brands to Endurance International Group for $160 million two years ago.

Media.net was made to rival Google’s AdSense program. Its products are currently approved by top publishers. This includes ad networks and numerous international ad-tech companies. Centered originally in their hometown, it has expanded to New York, Los Angeles, Dubai, Zurich, Mumbai and Bengaluru.

Zhiyong Zhang, chairman of Beijing Miteno Communication Technology has also proposed plans to integrate the company with Beijing-based Miteno.

Turakhia and his current management team continue to operate Media.net, remaining close to their roots and has set its sights to expand in China.

Via
Via

And about India? He believes that India is too small a market despite heightening many Indian products to a global scale. Some of its products – Zeta, Flock and Ringo, for instance – have a presence in India.

3 From Underdogs To Top dogs

In the past two decades, the brothers have played their hand in 11 start-ups under the Directi brand. It began as a web hosting company in the late 1990s. They were expert coders with dreams of owning enterprises. They used their understanding of technology to start the web hosting business with money borrowed from their father, a chartered accountant.

The brothers won clients such as Nasscom, CMIE and People Group. In a few years, they sold the business to Nasdaq-listed Endurance Group in 2014 for $160 million.

As of now, their stint has gained the attention of investors and techies all over who anticipate their next move. The company’s value is over $1.4 billion.

4 “The acquisition will enable Media.net to be an even greater platform for innovation and investment on a global scale.”
5 “Together, we can accelerate the company’s growth and deploy new products and services that will add value for our customers. Media.net’s leadership team and employees are excited to enter into this new phase of growth.”
6
7 Share, like and subscribe if you loved the article and crave more saucy content. Head on down to Tomatoheart and check out other articles.
Share69SendTweet9Share2Pin4
Previous Article

How Indian People Would Celebrate Incredible September In 2016?

Next Article

A Day With R.D. Sharma: A Tribute to the Unsung Heroes Who Helped Us Pass Board Exams

RelatedArticles

appealing roles unnamed 10 Most Appealing Roles by Actresses This Year Tomatoheart 2
Bollywood

10 Most Appealing Roles by Actresses This Year

me-too Tomatoheart
Opinion

How Should Men React To #MeToo Posts

Giridhar-Soundararajan-Barrel-Exhaust-Tomatoheart
Cars & Bikes

The Monk Who Sold His Hyundai, Meet Giridhar – The Founder of Barrel Exhaust

Load More Stories
Next Article
A Day With R.D. Sharma: A Tribute to the Unsung Heroes Who Helped Us Pass Board Exams Tomatoheart.com 1

A Day With R.D. Sharma: A Tribute to the Unsung Heroes Who Helped Us Pass Board Exams

Discussion about this post

Tomatoheart beats for the post-90s born. We publish youth-focused newsworthy stories and videos from India and all over the world to keep you informed, amazed and inspired.

Follow Us

Like Us on Facebook

  • About Us
  • Privacy Policy
  • Terms
  • DMCA
  • Contact

© 2020 Tomatoheart Media | All Rights Reserved | Developed by Digitally Upstream.

No Result
View All Result
  • Stories
  • Videos
  • Startups
  • Science & Tech
  • Entertainment
  • Login

© 2020 Tomatoheart Media | All Rights Reserved | Developed by Digitally Upstream.

Welcome Back Tomatoheartians!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In