Super 30 is an Indian instructive program initiated in Patna, India under the aegis of Ramanujan School of Mathematics. It was established by Anand Kumar, a science instructor, and Abhayanand, the previous D.G.P of Bihar. The program chooses 30 capable competitors every year from financially oppressed areas of Indian culture and prepares them for the JEE. The program is depicted in the 2019 film, Super 30, featuring Hrithik Roshan as Kumar. Anand Kumar and his school have been the subject of a few slanderous attacks, some of which have been conveyed in Indian media sources.
Let’s learn about Anand Kumar’s story, his personal life, education, Super 30, awards, achievements, and more.
Anand Kumar was born in Bihar, India, to a father who worked as a clerk in the postal department. Due to financial challenges, his family couldn’t afford private school, so Anand attended a government school where he developed a strong interest in mathematics. He studied at Patna High School and later submitted papers on number theory that were published in the Mathematical Spectrum. Anand was accepted into the University of Cambridge but couldnāt attend due to his father’s death and financial difficulties.
Anand Kumar – Personal Life
In 2019, Anand Kumar shared that he has been battling acoustic neuroma, a rare brain tumor, which has caused him to lose 80-90% of his hearing in his right ear. He is currently being treated at Hinduja Hospital in Mumbai. Anand is married to Ritu Rashmi, and they have a son named Jagat Kumar.
Anand Kumar – Super30
Anand Kumar – Super30
In 2002, Abhayanand and Anand Kumar began Super 30 with the arrangement to choose 30 skilled understudies from financially ruined areas who couldn’t manage the cost of training for JEEāthe entrance examination for securing admission to the coveted Indian Institute of Technology (IIT). These 30 understudies were then arranged to pass IIT-JEE assessments. Anand Kumar’s mom, Jayanti Devi, volunteered to cook for the understudies while Anand, Abhayanand, and different instructors mentored them. The understudies were additionally given investigation materials and a hostel for a year free of cost.
In the primary year of the training, 18 out of 30 understudies made it to IIT. The next year, application numbers bumped up because of the programās ubiquity. In 2004, 22 out of 30 understudies were equipped for IIT-JEE, expanding the fame of the program which pulled in significantly more applications. In 2005, 26 out of 30 understudies cleared the IIT-JEE test, while 28 made it in 2006ādespite the change in the assessment structure by the authorities. In valuation for their endeavors, the Chief Minister of Bihar at the time, Nitish Kumar, saluted the understudies with a monetary prize of ā¹50,000 each.
An inspiring session by Anand Kumar, the fame of Super 30.
The next year 28 additional understudies cleared the IIT-JEE, and in 2008, the majority of the Super 30 understudies cleared the IIT-JEE after which Abhayanand quit Super 30 saying, “The investigation is over.” Some of Kumar’s previous understudies joined as Super 30 educators and in 2009 and 2010 one of the 30 understudies again qualified for the IIT JEE tests. In the resulting years, the achievement rates from the 30 understudies were: 2011 (24 passed), 2012 (27 passed), 2013 (28 passed), 2014 (27 passed), 2015 (25 passed), and 2016 (28 passed). In 2017, all Super 30 competitors made it to the IIT-JEE. In 2018, 26 of the 30 understudies cleared the exam.
Anand Kumar – Career Highlights
Anand Kumar’s journey is a story of perseverance, hard work, and dedication to education. Anand got admission to Cambridge University but had to give up the opportunity due to his dad’s passing and his fiscal condition. Kumar examined science during the daytime and sold papads at night with his mom to gain bread and butter for the family. To gain additional cash, he coached understudies in maths. Since Patna University library didn’t have outside diaries, for his own investigation, he would travel at the end of the week on a six-hour train adventure to Varanasi, where his more youthful sibling, learning violin under N. Rajam had a lodging room. In this manner, he would spend Saturday and Sunday at the Central Library, BHU, and travel to Patna on Monday morning.
He leased a study hall for Rs 500 per month and started his Super own establishment, the Ramanujan School of Mathematics (RSM). Within the space of a year, his class developed from two understudies to thirty-six, and following three years there were just about 500 understudies selected. At that point in mid-2000, a poor understudy came to him looking for IIT-JEE tutorship but couldn’t manage the cost of the yearly affirmation expense because of destitution. This inspired Kumar to begin the Super 30 program in 2003, for which he is presently notable.
Consistently in August since 2003, the Ramanujan School of Mathematics, presently a trust, holds a focused test to choose 30 understudies for the ‘Super 30’ plot. Around 4,000 to 5,000 understudies show up at the test, and in the long run, he takes thirty clever understudies from financially in reverse segments which include homeless people, sellers, auto-drivers youngsters, guides them, and gives study materials and hostel for a year. He sets them up for the Joint Entrance Examination for the Indian Institutes of Technology (IIT). His mom, Jayanti Devi, cooks for the understudies, and his sibling Pranav Kumar deals with the administration.
Anand Kumar celebrating victory with his students.
Out of 270 understudies he guided from 2002-2011, 236 understudies have secured admission to the IITs. Each one of these 236 pupils originated from a poor foundation their folks were Hawkers, Auto-drivers, workers, and so on. During 2003-2009, 182 understudies out of 210 have made it to the IITs. In 2010, one of the understudies of Super 30 cleared the IIT JEE passageway making it a three-of-the-line for the foundation. Anand’s work is generally welcomed throughout the world. USA’s former president Barack Obama read about Anand in TIME magazine and sent an exceptional agent to check the work done by him and offered all the help. Anand never acknowledges help independently of their partner. Revelation Channel broadcasted a 60-minute length program on Super 30, and a large portion of a page has been committed to Kumar in The New York Times.
Anand Kumar receiving the prestigious Padma Shri Award from President Droupadi Murmu
2018: Anand Kumar was awarded the Mahaveer Award in Chennai for excellence in human endeavor in the field of Education by the Bhagwan Mahaveer Foundation.
8 November 2018: He received the Global Education Award 2018 from Malabar Gold & Diamonds in Dubai for his pioneering work in education.
2019: Anand Kumar was honored with the Education Excellence Award 2019 by the Foundation For Excellence (FFE) in San Jose, California, USA.
10 March 2022: He was awarded the Bharat Ganit Ratna Award 2022 by DASA India, presented by Anjan Banik, National Chairman of DASA India.
2023: Anand Kumar received the Padma Shri from the Government of India for his contributions to literature and education.
The principle goal of Super 30 is to follow the gifted bundle of understudies from financially devastating segments and sharpen their aptitudes by giving a favorable domain. Ability knows no limits. It is all over the place. Super 30ās outcomes have been empowering. The skilled understudies have been given i.e. quality education and an open environment to perform to the best of their potential are noteworthy. The understudies ought not to be crippled by the monetary limitations of their families. Having trained the understudies for a long time Anand has now understood the significance of ‘getting them youthful’.
FAQs
Who is Anand Kumar of Super30?
Anand Kumar is an Indian mathematician and educationalist. He was raised in Patna, Bihar. He is notable for his Super 30 class which he initiated in Patna.
What is Anand Kumar Education?
Anand Kumar is a Graduate. He got admission to Cambridge University but could not pursue his education due to financial issues in his family.
Who is the Founder of Ramanujan School of Mathematics?
Ramanujan School of Mathematics was established by Anand Kumar, a science instructor, and Abhayanand, the previous D.G.P of Bihar.
What is Super 30?
Super 30 is an Indian instructive program initiated in Patna, India under the aegis of Ramanujan School of Mathematics.
What does the Super 30 program do?
The program chooses 30 capable competitive students every year from financially oppressed areas of Indian culture and prepares them for the IIT JEE.
Is the Super 30 a real story?
Super 30 movie is real story based on the life of Anand Kumar, who set up a coaching institute to prepare poor students in Patna for the IIT-JEE.
Who is Super 30 real hero?
The real hero of Super 30 is Anand Kumar, an Indian mathematician and educator who founded the Super 30 program to help underprivileged students crack the IIT-JEE entrance exam.
India’s financial technology industry has seen an explosive surge in financing over the last several years, with assets totaling more than $8 billion allegedly invested across various stages. India has the world’s highest FinTech rate of adoption. India has 10,200 registered fintech startups in 2024 and is one of the fastest-growing FinTech industries in the world. The Indian FinTech business is expected to be worth $150 billion by 2025.
While Payments and Alternative Finance accounted for more than 90% of investment flows in 2015, there has been a major change toward a more fair distribution of investment across sectors since then, with InsurTechs, WealthTechs, and other areas garnering considerable attention. In India, around 17 Fintechs have been designated as ‘Unicorns.’
Insurance companies throughout the world, particularly in India, have a lot of opportunities to use technology to optimize distribution costs and provide algorithms for personalized pricing. A believer of the same, Varun Dua, in the digital era, is commonly acclaimed for redesigning India’s insurance narrative.
“If you really want to change the plumbing, you will have to start manufacturing it,” is what he says. Varun Dua, the founder and CEO of Acko, is a renowned serial fintech entrepreneur. He co-founded and served as the CEO of one of India’s top online insurance aggregators, Coverfox, before launching Acko in 2016. Investors invested $30 million into Acko even before the formal debut, based on Varun’s proven records.
Varun Dua Biography
Name
Varun Dua
Birth
1981
Nationality
Indian
Occupation
Co-founder and CEO of Acko, Co-founder of Coverfox & Glitterbug Technologies
Acko’s Founder and Chief Executive Officer, Varun Dua, has over 10+ years of experience in the insurance market, with a wide spectrum of services and responsibilities. He was in charge of marketing analytics for direct business acquisition and technology for effective customer service. Coverfox Insurance Broking Pvt. Ltd. was his company, and he was its CEO and Co-founder.
He completed his Bachelor’s degree from the University of Mumbai. Later, he pursued a master’s at a prominent business school in India called MICA. Known for his extensive experience in product management and business development, Varun Dua’s educational background reflects a solid foundation for his professional journey.
Varun Dua – Family
Varun Dua’s father’s name is Chander Mohan Dua. His mother is Rashmi Dua and he is married to Sapna Rana.
Varun Dua – Career
Varun Dua, the founder of Coverfox, an online insurance aggregation platform, followed the road less traveled in a startup climate where the mantra is “act rapidly and damage things.”
Varun worked as a Trainee at Leo Burnett Advertising for less than a year after graduating. He subsequently went on to work for Tata AIG Life Insurance and Franklin Templeton Investments as a marketing manager. Varun launched two prior companies before founding Coverfox in 2013, Glitterbug Technologies and Enser Communications.
One of the key motivations for founding Acko, according to Dua, was the awareness that there had been an open chance to use the World Wide Web to bring interesting ways of selling insurance products.
Despite the fact that Dua had just come into contact with insurance by chance, he was rapidly pulled into its world and learned everything there was to know about the market’s intricate inner workings. It wasn’t long before he had the desire to start his own business.
In his own words, āI started off not really clear about what I wanted to do, but I definitely didnāt want to do what I was doing.ā
The firm takes a D2C strategy, using its web platform to market traditional insurance services. This makes underwriting and risk selection substantially easier. Acko, his company, also offers unique and bite-sized insurance solutions, including rider insurance, ticket cancellation, mobile and appliance protection, and more, in addition to vehicle, bike, and health insurance. Acko also touts partnerships with more than 15 key digital ecosystem firms, including Ola, RedBus, OYO, Zomato, Urban Company, HDB Financial Services, and others.
Varun Dua on the Future of Insurance
Varun Dua – Acko
Varun Dua – Co-founder and CEO of Acko
Acko’s overall motto, according to its website, is “Insurance made easy: Zero commission. Zero paperwork.” Acko ran a campaign with the phrase “Full Paisa Wasool” to make people aware. The term “complete value for money” refers to insurance providing complete value.
Insurance schemes are how Acko makes money. Furthermore, Acko’s digital-only approach removes the retail costs of building physical storefronts as well as a parasitic reliance on a distribution network, both of which are factors that competing insurance firms rely on heavily.
Insurers, according to the owner of Acko Insurance, Dua, are obligated to hire salespeople to reach out to clients and market their goods because they all essentially provide the same or comparable products.
“Our focus on creating customised solutions will create the demand we are looking for, thus eliminating the need to hard-sell and invest a lot on a distributing network,” he adds.
Mumbai-based Acko, founded by Varun Dua, features a variety of customer-friendly programs. The organization has received several five-star ratings and over 4.5 crore satisfied customers as a result of its customer-centric initiatives.
Acko reported an operating revenue of INR 1,334 crore in FY22, which grew to INR 1,758 crore in FY23 and further increased to INR 2,106 crore in FY24. However, the company faced losses during these years. It recorded a loss of INR 482 crore in FY22, which widened to INR 738.5 crore in FY23 before improving slightly to INR 670 crore in FY24.
They deliver outstanding customer service, and as a result, Acko has gained their clients’ confidence. Narayan Murthy and Accel are also behind Acko’s amazing growth. Acko underwrote a premium of INR 41.56 crore in September 2019. In comparison to 2018, the firm had a 6x increase. The premium was previously valued at INR 6.53 crore.
Customers were unable to visit the showrooms because of the pandemic. Automobile purchases made through digital means, on the other side, have increased considerably. When compared with the year 2021, Acko, a digital insurance provider, saw a stunning 120 percent increase in sales of automotive insurance contracts in the first quarter of FY22.
Whether it’s for our vehicle, bike, or ourselves, pre-purchased insurance nearly always comes in useful, if not proving to be a lifesaver. Unfortunately, not all insurance service providers are glad to embrace a 0% fee and serve their customers online, but Acko is, which is why Acko is swiftly gaining steam.
Acko is here to provide premium insurance to the Indians. And moreover, the Mumbai-based Acko is now a unicorn. In the IPL 2022, Acko General Insurance signed on as an associate sponsor for three teams: Gujarat Titans, Kolkata Knight Riders, and Lucknow Supergiants. Two of these teams are new to IPL, having made their debut in the 15th edition.
Varun Dua has made 5 investments with the latest investment made in infinyte.club on August 12, 2024.
Date
Company
Round
Round Amount
Lead Investor
Aug 12, 2024
infinyte.club
Seed Round
INR 302 million
–
Jun 25, 2024
Plus Gold
Seed Round
$1.2 million
–
Sep 2, 2021
dezerv.
Seed Round
$7 million
–
May 23, 2017
Acko
Seed Round
$30 million
No
Feb 21, 2016
Charcoal Eats
Seed Round
$150K
No
Varun Dua – Challenges Faced
A basic challenge with his journey in the insurance sector, according to Dua, has been a lack of trust, which has created a big obstacle in his way in the beginning. Because of the complexities of the products on the market, the buying procedure, and the claiming process, the trust gap is exacerbated.
Customers have always found the insurance claims procedure to be a lengthy, time-consuming, and frequently iterative process. He wants to improve the consumer experience all the way through the value chain.
Varun Dua – Shark Tank India
Varun Dua – Shark Tank India
In more ways than one, the first season of the show, Shark Tank India has been a blessing to ambitious entrepreneurs in India. For watchers, it has been a huge hit! For openers, the show has brought those entrepreneurs a lot of attention, if not money.
The exposure, along with lucrative investments from the sharks, has paid off for some chosen ones. The Sharks’ banter, which is the most amusing segment for the desi population, helps to make the program what it is. It undoubtedly adds to the enthusiasm and provides some excellent items on Indian television. In the popular show’s third season, Varun Dua was one of the sharks at that time.
This is what he wrote on his X account:
To be a āsharkā today for me is a strange feeling. I wasnāt born with a silver spoon. And with my average grades, I wasnāt what youād call type A either. There was nothing in my resume, my repertoire or my background which should lead to the path of starting out a business, that should become large. And yet, here I am. My journey building @ACKOIndia has been anything but straightforward which is why being on Shar40k Tank is so meaningful. There is immense opportunity for young entrepreneurs in right now, as we are on the verge of a techtonic shift in India and Indiaās ambitions. Iām looking forward to contributing in this new ocean of opportunities with some awesome entrepreneurs.
Varun Dua is the founder and CEO of Acko Insurance.
What are Varun Dua education qualifications?
Varun Dua completed his Bachelor’s degree from the University of Mumbai. Later, he pursued a master’s at Mudra Institute of Communications (MICA), Ahmedabad.
Does Amazon own Acko?
Amazon is not Acko’s owner. While Amazon has been a major investor in Acko since 2018, contributing to its funding rounds, Acko remains an independent company with its own board of directors and management team.
What is Varun Dua net worth?
Varun Dua’s estimated net worth as of 2024 is INR 107 crore.
Who is Varun Dua wife?
Sapna Rana is the wife of Varun Dua.
What is Varun Dua age?
Varun Dua was born in 1981. He is 43 years old.
What is Acko net worth?
Acko’s valuation after its last funding round was $1.4 billion.
We all must have heard about the multinational company, “Infosys.” With more than forty years of expertise in managing the systems and operations of multinational organizations, Infosys effectively guides its customers through their digital transformation journey.
India is frequently referred to as the globe’s IT hub, and the credit for this goes to a few jewels. Nandan Nilekani, the co-founder of Infosys, is one of them. He is the guy behind India’s “Aadhar Cards,” which have been used to register 131.68 crore individuals to date. He was the driving force behind India’s IT boom, beginning in 1978 when companies like Microsoft didn’t even exist.
He is a legend and an inspiration to the educated Indian middle class, who perceive him as a guy who has risen to exceptional levels in life only through hard work. After watching his father’s repeated work migrations and following migrations in his early days, he aspired to be an independent entrepreneur.
After acquiring an education from the IIT, where he learned to work hard and perform as part of a team, he was transformed from a small-town youngster to a confident and mature young man. He also grasped the necessity of giving back to society, which is an essential aspect of his persona that hasn’t changed over the years.
Read this article further, to know about the history and journey ofNandan Nilekani, starting from his early life, education, net worth, family, and more.
Nandan Nilekani – Biography
Name
Nandan Nilekani
Born
2 June, 1955
Nationality
Indian
Spouse
Rohini Nilekani
Education
St Joseph’s High school Dharwad, IIT Bombay (BTech)
Nandan Nilekani was born in Bangalore, Karnataka, on June 2, 1955. His parents, Durga and Mohan Rao Nilekani are from Sirsi, a small town in the Northern Karnataka region. Konkani is his first language. In addition to Konkani, he is fluent in Kannada, English, Marathi, and Hindi.
Nilekani attended Bishop Cotton Boys’ School and St. Joseph’s High School in Dharwad, Karnataka PU College Dharwad, and graduated from the Indian Institute of Technology Bombay in Mumbai with a bachelor’s degree in electrical engineering.
Nandan Nilekani – Family
Nandan Nilekani’s father’s and mother’s names are Mohan Rao Nilekani and Durga Rao Nilekani, respectively. His father was the general manager of Mysore and Minerva Mills, and he believed in Fabian Socialist ideas, which impacted Nilekani as a child. Vijay Nilekani, Nilekani’s older brother, works at the Nuclear Energy Institute in the United States.
Nilekani married Rohini Nilekani, whom he met during an IIT quiz contest. Nihar and Janhavi are their two children, both of whom have graduated from Yale University with a bachelor’s degree.
Nandan Nilekani with his Wife Rohini Nilekani
Nandan Nilekani – Career
Information Technology and Infosys
Company Logo of Infosys
He began his career in 1978 at Patni Computer Systems in Mumbai, when he met and was interviewed by N.R. Narayana Murthy. Nilekani, Murthy, and five of his other Patni colleagues resigned in 1981 to establish Infosys. Nilekani became the Chief Executive Officer of Infosys in March 2002 and held the position until April 2007, when he passed over the reigns to his colleague Kris Gopalakrishnan and became co-chairman of the executive board. Nilekani held many positions before becoming CEO in 2002, including managing director, chief operating officer, and president.
From March 2002 to April 2007, he was the company’s CEO. Infosys’ revenue grew exponentially during his five-year term as CEO. He returned to Infosys in 2017 when CEO Vishal Sikka left to become chairman. Upon his return, he relocated the company’s power center from California to Bengaluru.
Nilekani left Infosys in July 2009 to become the chairman of the Unique Identification Authority of India, which he accepted at the request of then Prime Minister Dr Manmohan Singh. As the head of the UIDAI, he was in charge of implementing the Multipurpose National Identity Card, or Unique Identity Card program in India.
This effort intends to equip every Indian inhabitant with a unique identity number, which will be used largely to effectively deliver social benefits. The means of identification was biometric, and the effort to construct a government database of India’s entire population has been dubbed “the world’s largest social enterprise.”
They created Aadhaar, an Indian biometric ID system that includes a database of population information and home locations for Indians. In April 2017, 1.14 billion Indians received their national identification number. Aadhaar was dubbed “the most advanced ID scheme in the world” by World Bank Chief Economist Paul Romer in 2016. This software has been chastised for invading people’s privacy and disclosing sensitive data.
He is the president of NCAER and a member of the ICRIER, which stands for, the Indian Council for Research on International Economic Relations’ Board of Governors. He also belongs to the Bombay Heritage Fund and the World Economic Forum Foundation’s advisory boards.
Nilekani, to promote his book Imagining India: The Idea of a Renewed Nation, has been on The Daily Show with Jon Stewart. He also gave a TED talk about his vision for India’s future in 2009.
NASSCOM
NASSCOM was founded by Harish Mehta, Ashank Desai, Nandan Nilekani, Shiv Nadar, and Narayana Murthy. The National Association of Software and Service Companies (NASSCOM) is an Indian non-governmental trade association and advocacy group focused on advancing the country’s technology industry. Established in 1988, NASSCOM operates as a nonprofit organization, playing a crucial role in shaping and supporting the Indian tech sector.
EkStep
EkStep is a non-profit literacy and numeracy platform. Nilekani is the chairman of EkStep. EkStep, which was founded by the Nilekani with an initial investment of $10 million (about INR 65 crore), aims to solve the ‘learning problem’ by developing a technology-driven platform to assist youngsters in enhancing their ‘learning outcomes’ from a young age. EkStep plans to achieve so through gamified applications available on the Google Play Store.
Politics
In March 2014, Nilekani joined the Indian National Congress and contested the Bangalore South Lok Sabha seat election. He lost by 228,575 votes versus Bhartiya Janta Party’s candidate Ananth Kumar. He joined a committee in December 2016 to look at how consumers in India may make better use of digital payments.
NCAER
Nilekani is the president of the NCAER, which stands for, National Council of Applied Economic Research. NCAER is India’s oldest and biggest non-profit economic research think tank, situated in New Delhi. NCAER, which was launched in 1956, conducts sponsored research and independent economic policy research projects for governments and businesses.
Its research spans practically every aspect of economics, from forecasting to poverty studies. NCAER is one of only a few think tanks in the world that collects primary survey data from homes, businesses, customers, and individuals on a scientific, nationwide scale. The NCAER’s social and economic data sets are frequently utilized in Indian research and analysis.
Nandan Nilekani has made around 20 personal investments to date, which are as follows :
Date
Organization Name
Round
Amount
Mar 13, 2020
Juggernaut
Series A
$672K
Feb 24, 2020
RailYatri
Series B
$14.3M
Feb 24, 2020
IntrCity
Series B
$14.3M
Sep 26, 2018
PharmEasy
Series C
$50M
Apr 27, 2018
IntrCity
Series B
$8M
Apr 27, 2018
RailYatri
Series B
$8M
Sep 19, 2017
Power2SME
Series E
$26M
Jul 11, 2017
ThePrint
Venture Round
ā¹450M
Jul 1, 2017
Felis Creations
Angel Round
ā¹5.5M
Dec 26, 2016
ShopX
Venture Round
$5M
Oct 19, 2016
IntrCity
Venture Round
$3M
Nandan Nilekani – Books
Imagining India: The Idea of a Renewed Nation
Rebooting India: Realizing a Billion Aspirations
Nilekani co-authored his third book with Tanuj Bhojwani, āThe Art of Bitfulness: Keeping calm in the digital worldā which was released in January 2022.
Doctor of Science (Honoris Causa) by IIT Bombay during the Institute’s 57th Convocation
2017
Lifetime Achievement Award from E & Y, CNBC- TV 18 conferred India Business leader award for the outstanding contributor to the Indian Economy-2017, and India Today magazine ranked him 12th in India’s 50 most powerful people of 2017 list
2011
NDTV Indian of the Year’s Transformational Idea of the Year Award, and Doctor of Law degree by the Rotman School of Management at the University of Toronto
2009
‘Legend in Leadership Award’ by the Yale University, and the Time magazine placed Nilekani in the Time 100 list of ‘World’s Most Influential People’
2006
Padma Bhushan, and Businessman of the Year by Forbes Asia
2005
Joseph Schumpeter Prize for innovative services in the economy, economic sciences and politics
2004
Corporate Citizen of the Year at the Asia Business Leaders Award (2004) organised by CNBC
FAQs
Is Nandan Nikaleni still with Infosys?
Nandan Nikaleni is the Non-executive chairman of Infosys.
What is the net worth of Nandan Nikaleni?
The net worth of Nandan Nikaleni is $3.4 billion (September 2024).
What are Nandan Nilekani’s education qualifications?
Nandan Nilekani is a graduate of the Indian Institute of Technology Bombay in Mumbai with a bachelor’s degree in electrical engineering.
What is Nandan Nilekani age?
The age of Nandan Nilekani is 69 years, he was born on June 2, 1955.
Today when we talk about the worldās most influential and richest entrepreneurs, Elon Musk comes to our minds for sure. He has always been in the news, let it be his new venture, his way of working, or his net worth.
Elon Muskās tweets catch the attention of the masses; be it Elon Musk naming his baby X Ć A-12, which created a lot of buzz around the globe, or the “How Strange. Well, back to work…” one after Bloomberg announced him the richest person in the world, but only a few know about his life story.
Elon Reeve Musk was born on June 28, 1971, in Pretoria, Transvaal, South Africa. Elon Musk is an innovative business person, financial specialist, and engineer who is one of the most popular entrepreneurs in the world. He holds South African, Canadian, and U.S. citizenship. Elon Musk is the founder, CEO, and lead planner of SpaceX as well as a fellow benefactor, CEO, and item engineer ofTesla, Inc.
Elon Musk became the Richest Man in the World on January 7, 2021, after Tesla’s share price surged by 7.9%. It helped him to surpass Jeff Bezos. Musk was featured on the top of the Bloomberg Billionaire Index, a list of the top 500 richest people in the world, on 7th January 2021. Musk had added more than $122 billion to his fortune in the year 2021, which pushed his net worth to $292 billion, according to the reports dated October 2021. This made Elon Musk the first person to be the owner of such a huge fortune. Elon Musk’s net worth was then estimated to be $195 billion, which is currently estimated to be over $220 billion. He debuted on the list of the world’s richest persons back in 2012, when his net worth was estimated at $2 billion. Ā
The tech tycoon went ahead with a bid to buy out Twitter by acquiring 100% of the Twitter stakes on April 26, 2022, in a deal worth $44 billion. However, the deal is still pending and the popular social media platform is yet to turn into a privately held entity. Ā
To know more about the entrepreneur Elon Musk, Elon Musk biography, the answers to “what has Elon Musk studied?”, “what companies has Elon Musk founded?”, “what is Elon Musk famous for?” and more, stay glued!
Founder, CEO, and Chief Engineer at SpaceX; CEO and Product Architect of Tesla, Inc.; Founder of The Boring Company; and Co-founder of Neuralink and OpenAI
Elon Musk was born in Pretoria, South Africa, to a White South African electromechanics Engineer, pilot, sailor, consultant and product developer, who was his father and a Canadian Dietitian and model mother. Errol and Maye Musk divorced in 1980. Though Musk initially started to live with his father in Pretoria and elsewhere immediately after the separation of his parents, Elon later regretted his choice and started to be estranged from his father. Elon Musk has been described as an awkward and introverted child throughout his childhood and he has also been a victim of regular bullies in his school days. In one such incident, Musk was pushed by a group of boys down a flight of stairs and he was hospitalised later.
Elon Musk – Career
Elon Musk joined Anglican Sunday school in his youth. He later entered Queen’s University, in Kingston, Ontario in 1990. He was soon transferred to the University of Pennsylvania after 2 years, from where he graduated in 1995 with a Bachelor’s degree in Physics and Economics.
While still enrolled in his course, Musk then held 2 internships in the summer of 1994 in Silicon Valley, at the Pinnacle Research Institute and Rocket Science Games. He then was accepted as a PhD scholar in Materials Science at Stanford University in California in 1995. However, Musk later dropped out of the course and decided to join the internet boom and launch an internet-based startup.
Elon Musk – Personal Life
Elon Musk is the eldest of the three siblings, Kimbal and Toska, who are the younger brother and sisters of Musk. Elon’s adenoids were removed when he was a child because his parents were apprehensive that he was deaf, however, they discovered later on that it wasn’t true. His parents divorced in 1980. After their divorce, though Musk initially gravitated towards his father, he chose his mother later.
Musk’s marital life started with Justine Wilson, a Canadian author, whom he married in 2000 when he was at Queen’s University. They first had a son, who died of SIDS at 10 weeks. After that, the couple gave birth to a twin and a triplet. Talulah Riley was the second wife of Musk. However, they eventually got divorced and then remarried, and again got divorced for the second time. After ending this marriage, Musk dated Canadian musician Grimes, who later gave birth to a son in May 2020. Their son was named X AE A-XII. Ā
How Elon Musk started his Journey?
Musk developed an interest in computing and video games from a very early age. He acquired Commodore VIC-20 when he was only 10. He started learning computer programming using a manual and successfully sold the code of a BASIC-based video game called Blastar to PC and Office Technology magazine for $500, which he created, at the tender age of 12.
At 17, Elon Musk chose to move to the United States for finishing his auxiliary tutoring. Rather, Musk left for Canada and got selected at Queen’s University in Ontario at 19 years old. His calling came when he got a grant from the University of Pennsylvania. Then, he moved to the United States and acquired a Bachelor of Science degree in Physics. He proceeded with his training further, acquiring himself a Bachelors of Science qualification from the Wharton School at the University of Pennsylvania.
He started with a PhD programme at Stanford University in 1995 yet dropped out just after 2 days to seek an enterprising vocation. As published in the Hitchhiker’s Guide to the Galaxy by Douglas Adams, Elon Musk accepted that the internet, sustainable power sources, and space travel would be the ones having the greatest effect on the lives of individuals in the future.
As chosen, the three noteworthy subjects of worry for giving his life’s central goal, Elon Musk, alongside his brother Kimbal Musk, began an organization named ‘Zip2’. Elon Musk dropped out of the Applied Physics and Material Science program at Stanford University after two days in the wake of beginning this new pursuit known as Zip2.
Elon Musk story
Elon Musk’s Business Ventures
Elon Musk has evolved different and distinct categories in his comprehensive business field. From automobile miracles to secured money handful-application, from artificial intelligence (AI) research organizations to uplifted propagation throughout the space, Musk has achieved huge feats everywhere with his proficient signature and discretion. Those catalysts of his supremacy are listed below-
Zip2
Zip2 logo
In 1995, Musk with his brother Kimbal Musk began a web programming organization – Zip2, Ā with cash raised from a little gathering of holy messenger investors. The organization created and advertised an Internet city control for the newspaper distributing industry with maps, directions, and yellow pages. Zip2 enabled all real print distributions to offer extra business administrations to their clients.
Musk got contracts with The New York Times and the Chicago Tribune. Musk convinced the governing body to devise plans for a merger with CitySearch. While at Zip2, Musk wanted to move toward becoming CEO but the board members opposed it.
In February 1999, Compaq, a noteworthy web crawler at that point, procured this IT organization – Zip2 for $307 million in cash and $34 million in stock options. The deal made it one of the greatest money acquisitions in those days. Musk got $22 million for his 7% share from the sale.
X.com and PayPal
Logo of x.com and PayPal
In March 1999, Musk established X.com, an online budgetary administration and email payment company with $10 million from the closeout of Zip2. One year later, the organization merged with Confinity, which had a payment service application called PayPal.
After merging, they concentrated on the PayPal administration and were renamed PayPalin 2001. PayPal’s initial development was driven essentially by a viral showcasing effort where new clients were selected when they got cash through the service. Musk was removed in October 2000 from his job as CEO because of conflicts with other organization authorities.
Musk wished to move PayPal’s Unix-based foundation to Microsoft Windows, which was opposed by all. In October 2002, eBay acquired PayPal for $1.5 billion in stock, of which Musk got $165 million. Before its deal, Musk, who was the organization’s biggest investor, claimed 11.7% of PayPal’s shares.
In July 2017, Musk bought the domain X.com back from PayPal for an undisclosed sum, expressing that it has sentimental value to him.
SpaceX
In 2001, Musk considered Mars Oasis, an undertaking to send a small test nursery on Mars, in the hopes of revolutionizing the aerospace industry and making affordable spaceflight a reality. In February 2002, Elon Musk came to Russia to search for three ICBMs (missiles), bringing along Mike Griffin. Griffin had worked for the CIA’s investment arm, In-Q-Tel, just as NASA’s Jet Propulsion Laboratory, and was simply leaving Orbital Sciences, a producer of satellites and rockets.
Kosmotras, a Russian Space Company, offered one rocket for $8 million. But Musk found it excessively costly and refused to purchase it. While on the trip back from Moscow, Musk understood that he could begin an organization that could manufacture the moderate rockets he needed. Musk calculated that the raw materials needed to structure a rocket really were just 3% of the commercial cost of a rocket at the time.
In 2002, Musk ultimately established SpaceX with the long-term objective of making a genuine spacefaring civilization. With US$100 million of his initial fortune, Musk established Space Exploration Technologies or SpaceX, in May 2002. Musk is CEO and boss of innovation official (CTO) of the California-based SpaceX organization.
Logo of SpaceX
SpaceX creates and makes space dispatch vehicles with an emphasis on propelling the condition of rocket innovation. The organization’s initial two dispatch vehicles were the Falcon 1 and Falcon 9 rockets (a gesture to Star Wars Millennium Falcon) and its first shuttle is the Dragon (a gesture to Puff the Magic Dragon).
In seven years, SpaceX planned the group of Falcon dispatch vehicles and the Dragon multipurpose spacecraft. In September 2008, SpaceX’s Falcon 1 rocket turned into the main privately financed fluid-powered vehicle to place a satellite into Earth orbit. On May 25, 2012, the SpaceX Dragon vehicle berthed with the International Space Station (ISS), impacting the world forever as the primary business organization to dispatch and compartment a vehicle to the ISS.
In 2006, SpaceX was granted an agreement from NASA to proceed with the improvement and trial of the SpaceX Falcon 9 dispatch vehicle and Dragon spacecraft so as to ship freight to the International Space Station. It was followed by a $1.6 billion NASA Commercial Resupply Services program contract on December 23, 2008, for 12 flights of its Falcon 9 rocket and Dragon shuttle to the Space Station.
On December 22, 2015, SpaceX effectively handled the principal phase of its Falcon rocket back at the platform. This was the first run in history such an accomplishment had been accomplished by an orbital rocket. It became the first step towards rocket reusability, bringing down the expenses of access to space.
In the entire year of 2017, SpaceX launched its eighteen Falcon 9 flights, successfully, which are more than the previous yearās 8 flights. On February 6, 2018, SpaceX effectively launched the Falcon Heavy, the fourth-highest capacity rocket ever built and the most powerful rocket in activity in 2018. The debut mission carried a Muskās Tesla Roadster as a dummy payload.
Today, SpaceX is both the biggest private maker of rocket motors on the planet and holder of the record for the most noteworthy push-to-weight proportion for a rocket motor (the Merlin 1D). SpaceX has created in excess of 100 operational Merlin 1D motors. Every Merlin 1D motor can vertically lift the heaviness of 40 normal family vehicles.
Tesla Motors
Logo of Tesla, Inc.
Tesla, Inc. (initially Tesla Motors) was established in July 2003 by Martin Eberhard and Marc Tarpenning. They financed the organization until the Series A funding. The two men were actively involved in the companyās development. In February 2004, Musk joined Tesla’s board of directors as its chairman and led the Series A round of investment.
Musk played a functioning job inside the organization and supervised the Roadster item structure at a definite level, yet was not profoundly engaged with everyday business operations. Following the money-related emergency in 2008 and after a progression of raising clashes in 2007, Eberhard was expelled from the firm. Musk expected initiative of the organization as CEO and item engineer, positions which he holds even today.
In 2008, Tesla Motors initially built an electric sports car, the Tesla Roadster, with sales of 2,500 vehicles to 31 nations. On June 22, 2012, Tesla started the conveyance of its four-door Model S car. On February 9, 2012, it uncovered its third item, the Model X for the SUV/minivan market but Model X dispatch was postponed until September 2015.
Tesla’s income in 2018 was $21.46 billion. In 2013, Tesla’s Model S was the first electric vehicle to get the Car of the Year Award by Motor Trend. Over the most recent four months of 2018, Tesla’s US piece of the overall industry was about 2%. It costs $13.66 to completely charge a Tesla Model X at home.
The general Tesla total assets were evaluated to be $2.2 billion in 2018, dependent on its income and benefits. Nearly 75% of every single electric vehicle sold in the US in 2019’s first quarter were Teslas. Tesla saw an income of $21.461 billion in 2018. The total assets of Elon Musk, Tesla’s CEO, were $18.1 billion as of May 2019.
Tesla recently saw a surge of 4.8% in the share price helping Elon Musk surpass Jeff Bezos to become the richest man in the world.
Neuralink Corporation is another company of which Elon Musk is the co-founder. Founded in July 2016, Neuralink is a neurotechnology company that is engaged in developing implantable brain-machine interfaces (BMIs). Headquartered in Pioneer Building, San Francisco, California, Neuralink shares its office with OpenAI.
In an hour-long interview on Joe Roganās podcast, SpaceX and Tesla CEO Elon Musk said that his neuro-tech company Neuralink is going to launch the first product that can make any brain function as a superhuman AI. San Francisco-headquartered Neuralink is developing implantable brain-machine interfaces (BMIs) or Cyborg that could improve memory or allow for more direct interfacing with computing devices.
Neuralink Corporation is an American neurotechnology company founded by Elon Musk in 2016. Ā Elon Musk claims that the moto of Neuralink is a human enhancement and the technology, which will be able to merge the computers with the human brain. Thus, it will obtain a symbiotic relationship between the human brain and Artificial Intelligence.
ā If your biological self-dies, you can upload into a new unit. Literally. It will enable anyone who wants to have superhuman reasoning and intelligence.” ā Elon Musk
Developing such implantable brain-computer interfaces(BCIs) or cyborg will be quite a challenge and to be on top of the game, Elon Musk needs to stay ahead of Neuralink’s competitors with a heavy focus on applied engineering. BCIs must incorporate features that are a thousand times better than the existing interfaces with no surgery, no aesthetics, and definitely no drilling holes in the skull.
Elon Musk further points out that there has been a significant advancement in the field stating, āI think Neuralink will have something interesting to announce in a few months thatās at least an order of magnitude better than anything else, probably better than anyone thinks is possible.ā
You can see the podcast here:
Elon Musk’s Interview with Joe Rogan
In early 2017, he made a jaw-dropping revelation stating that robots will disrupt our job scenario and that thereās nothing much that can be done and the competition between the countries with the most sophisticated AI will be the reason for World War 3. Probably to him, the merging seems like a better option which might give a human a better chance of surviving. āThe merge scenario with AI is the one that seems like probably the best. If you can’t beat it, join it,ā Musk said.
OpenAI
OpenAI is an artificial intelligence research laboratory that consists of OpenAI LP, which is a for-profit organization, and OpenAI Inc, its parent company. OpenAI is another Elon Musk-founded company, which he founded in December 2015, along with Sam Altman, Ilya Sutskever, Greg Brockman, Wojciech Zaremba, and John Schulman. OpenAI was founded with an aim of promoting and developing a friendly AI that will benefit humanity as a whole. The collective pledging of $1 billion by Sam Altman, Elon Musk, and others resulted in the birth of the company. It is important to note that Musk has already resigned from the Board of the company in February 2018, but he still remains a donor. Ā
The Boring Company
Logo of The Boring Company
In December 2016, Elon Musk founded the infrastructure and tunnel construction services company, The Boring Company is also known as TBC. Musk has experienced difficulty with Los Angeles traffic and limitations with the current two-dimensional transportation network. This led to the inspiration for the project.
The Boring Company currently has active construction and is planning future projects in the Los Angeles and BaltimoreāWashington areas. They have also been selected to build a downtown-to-airport loop by a government program for high-speed transport in Chicago. There have been three boring tunnel projects proposed in the Los Angeles area out of which one test tunnel was completed in November 2018.
Though The Boring Company was initially formed in December 2016 as a subsidiary of SpaceX, it become a separate and fully independent company in 2018. In this, 90% of the equity was owned by Musk and 6% held by SpaceX in return for the use of SpaceX resources during the initial startup of the company. Outside investments during 2019 have changed the equity split.
Twitter
Twitter Logo – A firm owned by Elon Musk
Elon Musk is one of the most famous tweeps who almost keeps his audience hooked with his Twitter profile. Musk has always been an avid Twitter user and was on the brink of becoming a 100% owner of Twitter, the bid for which he placed on April 26, 2022, where he was looking forward to acquiring 100% stakes in Twitter in an all-cash deal worth around $44 billion. However, he finally turned down the deal, citing multiple breaches of the deal.
Musk first expressed his interest in buying the platform in 2017. In the wake of 2022, Musk started materialising this dream of his by buying significant stakes in Twitter first on January 31, 2022, which reached 5% on March 14, 2022. He became the largest stakeholder in Twitter on April 1, 2022, owning over 9% of its stakes. Musk then agreed to a deal on April 4, 2022, which prohibited his possession of more than 14.9% of the shares of his company and would assert his joining the board of directors of Twitter. However, Musk decided to not join the board before April 9, 2022, when the appointment became effective. Elon Musk then placed a bid to buy 100% of Twitter’s shares on April 13th at $54.20 per share. This bid was granted by the Twitter board and would have made Elon Musk the owner of 100% of Twitter’s shares in a deal worth $44 bn if Musk didn’t walk away from the deal. There was also a breakup fee of $1 bn if the deal falls apart. Elon Musk threatened to blow up the deal over the bot issue on June 10, 2022, and ultimately terminated the deal in the first week of July 2022. In reply to this, Twitter sued Musk on July 12, 2022. Ā
In the case filed at the Court of Chancery, Delaware, the acquisition deal was to be forced to go through, as per the decision by Chief Judge McCormick, thereby being ruled against Elon Musk.
Elon Musk – Investments
Elon Musk has 7 investments to date, all of which are personal investments. Here’s a list of the Elon Musk investments:
Elon Musk is recognised for his fight against global warming and Tesla is one of the examples of it. Some of the awards and recognition that he has received are:
For his advocacy, he has received Global Green Award and National Wildlife Federation’s Connie Award.
He has received the Entrepreneur of the award of Inc Magazine and is also known as the Living Legend of Aviation by Kitty Hawk Foundation.
Musk has also been ranked 1 on Forbes’ Billionaires list. Musk is a receiver of the Axel Springer Award.
In 2010, Musk received FAI Gold Space Medal from the Federation Aronautique Internationale.
Elon Musk – Controversies
The richest person on the planet has some fair share of controversies as well. Elon Musk is said to be quite blunt with the tweets that often surround him with controversies. Some of them are:
Right after he was all set for the Twitter acquisition, Musk said that he will buy Coca-Cola and put cocaine back in the beverage.
Musk named the cars from the Model 3 series of Tesla first as Model S, Model E and Model X. However, when Ford allegedly warned Tesla about a lawsuit for using Model E, Tesla changed its name to Model 3, which still made the models together sound like S.3.X
Elon Musk smoked weed on the Joe Rogan podcast and was surrounded by memes and controversies
Musk joked about sending space dragons with lasers to help Ukraine fight the Russians after an article stated that Musk would send flame-throwing electric tanks to Ukraine Ā Ā
During Canada’s trucker protest, Elon Musk compared Hitler with Canadian President Justin Trudeau.
Musk got Sued by Twitter
Elon Musk was legally sued by Twitter for “hypocrisy”, reported The Verge at Delaware’s Court of Chancery on July 12, 2022, after he decided to terminate the Twitter acquisition deal. This opened another chapter of Musk’s life where he will resist his claim in court against the social media giant Twitter. Ā
Elon Musk – Unknown Facts
The richest man is not only unique but interesting as well. Some of the unknown facts about Elon Musk are:
When Musk was 12 years old, he created a video game called Blaster and sold it to a magazine.
Musk named his son Xavier after the character of Professor Xavier from the movie X-Men.
Musk also had a cameo in The Simpsons, along with those in South Park, The Big Bang Theory, Rick and Morty, and more.
Musk’s first venture was Zip2 which was created in 1995.
Musk doesn’t like Facebook and is concerned about its privacy issues.
Elon Musk gets a $1 salary from Tesla.
Musk is called Thrillionaire. It means an entrepreneur who is turning reality into science fiction.
Elon Musk – Quotes
Some of the most popular quotes from Elon Musk are:
When something is important enough, you do it even if the odds are not in your favour.
Some people don’t like change, but you need to embrace change if the alternative is a disaster.
If something’s important enough, you should try. Even if – the probable outcome is a failure.
People work better when they know what the goal is and why. It is important that people look forward to coming to work in the morning and enjoy working.
If you’re trying to create a company, it’s like baking a cake. You have to have all the ingredients in the right proportion.
Elon Musk – Future Plans
Elon Musk has never made his desire to make people “multi-planetary animal types”. Colonizing Mars would be a decent start as per Musk. In September 2017, at the 68th International Astronautical Congress in Adelaide he unveiled his arrangement to send payload delivers there in the following 5 years. By expansion, he trusts that people will settle the planet when 2024.
Elon’s Hyperloop has been contrasted by him with a “cross between a Concorde, a railgun, and an air hockey table”. The plan is to eventually give a method for a movement that should have the option to surpass 1124 km/h and all underground.
At present two courses are being developed – between Los Angeles and San Francisco and between New York and Washington D.C. When complete these excursions should take close to 30 minutes utilizing Hyperloop.
At the point when 12 youngsters and their football (soccer) mentor were caught in an overwhelmed collapse in Thailand, Elon and his group developed an apparently insane thought. The arrangement, clearly, was to construct a tyke-estimated submarine. The sub was structured and worked in record time utilizing extra rocket parts. Regardless of this, the salvage groups esteemed it unrealistic and finished the mission without it. “Pedo fellow” aftermath aside Thai military authorities accept the submarine could have utility in the future.
Elon Musk was born in Pretoria, South Africa, and was raised in Pretoria and the regions nearby the capital of South Africa.
What did Elon Musk study?
Elon Musk has a Bachelor’s degree in both Physics and Economics.
What’s Elon Musk’s IQ?
Elon Musk’s IQ is estimated to be ranging between 150-155.
What is Elon Reeve Musk famous for?
Elon Musk has founded the electronic payment firm PayPal and spacecraft company SpaceX. He is the CEO of the electric-car maker company Tesla. Musk is also the owner of the social media platform Twitter and the world’s richest person, as of April 2022.
Did Elon Musk acquire Twitter?
Elon Musk was about to acquire 100% stakes in Twitter and become the owner of Twitter. He asserted to buy out all of the stocks of Twitter in a deal worth $44 billion on April 26, 2022, but then he refused, leaving the deal pending. Ā
What companies has Elon Musk founded?
Elon Musk founded many companies to date including SpaceX, The Boring Company, X.com, Neuralink, OpenAI, and Zip2.
Did Elon Musk create Paypal?
No, Elon Musk is not the founder of Paypal, nor did he create it. However, Elon Musk indeed found the company known as X.com. This company later merged with Confinity Inc., which was the creator of the product Paypal.
Is Elon Musk an entrepreneur?
Elon Musk is indeed an entrepreneur. The world’s richest person nourished his entrepreneurial dream right after he graduated from college. Ā
What companies has Elon Musk founded?
SpaceX, SolarCity, and Tesla are some of the prominent companies that Elon Musk founded. Ā
Is Elon Musk a real person? What is Elon Musk’s academic background?
Yes, Elon Musk is a real person. Going by the academic background of Elon Musk, the Tesla CEO has a Bachelor’s degree in Physics and Economics from the University of Pennsylvania.
How did Elon Musk start his career?
Elon Musk started his career by dropping out of Stanford University in just 2 days to start his company Zip2.
Through social networking applications, retail stores, and augmented realities, technology is transforming the way customers purchase. To market their brands in front of their customers, brands are adjusting to changes such as adopting more and more technology to make it more convenient for customers to shop.
In an overly catered fashion industry, creating a novel and unique experience may set a business apart from the competition. Zilingo is such a fashion technology and e-commerce platform that worked with the idea of utilising technology to put up appropriate and efficient business within everyoneās reach.
Ankiti Bose cofounded Zilingo and is also the ex-CEO of this e-commerce startup. She received various awards and recognition and even made to Forbes Asia’s 30 Under 30 list, as well as Fortune’s 40 Under 40 2019. She was terminated from her role as the CEO in April 2022 after a trial to pursue money-related suspicions regarding Zilingo’s accountancy operations. Bose was then ousted from Zilingo in May 2022, .which eventually resulted in her quitting from the Zilingo board too on June 30, 2022.
Ankiti Bose – Biography
Name
Ankiti Bose
YOB
1992
Nationality
Indian
Occupation
Co-founder and former CEO of Zilingo
Previous Jobs
Venture Capital and Management Consulting at Sequoia Capital and McKinsey & Company
Ankiti Bose is an Indian entrepreneur, who is known for her keen determination and fashion sense. Zilingo, an eCommerce and fashion-technology startup, was co-founded by her, along with Dhruv Kapoor, a software engineer and an IIT graduate. But after an attempt to raise cash prompted doubts about Zilingo’s accounting systems, she was terminated by the board from her role and responsibilities in April 2022.
Ankiti Bose and Dhruv Kapoor
She attended Poddar School and Cambridge School in Mumbai, which forms the base of her education. She attended St. Xavier’s College in Mumbai to study economics and mathematics. She made Forbes Asia’s 30 Under 30 list in 2018, and Fortune’s 40 Under 40 and Bloomberg 50 lists in 2019.
Ankiti Bose – Family
Ankiti’s father, whose name is unknown, worked for a state-owned oil business as an engineer. Because of his job, Ankiti’s family had to relocate frequently as she grew up. Ankiti’s mother was a university professor, and her name is also unknown. She resigned from her job to take care of her family and her single child, Ankiti.
Ankiti Bose – Career
Bose gave a head start to her career in Bangalore with her first job in McKinsey & Company and Sequoia Capital. Bose realised that fashion marketplaces in Southeast Asia had a lot of space for penetration and expansion after visiting the Chatuchak Weekend Market.
Over 11,000 individual retailers do not have an internet name in the market. While there was an investment in boosting internet connection, Bose observed that shops were unprepared to cope with major global firms due to a lack of training in finance, scalability, web designing, and sourcing.
Bose resigned from her job as a financial analyst at Sequoia Capital in 2015 to start her own business, Zilingo. Bose created Zilingo while she was just twenty-three years old. In 2016, she relocated to Singapore to work on technology and distribution network solutions.
In 2019, Zilingo secured $226 million in Series D funding, valuing the company at $970 million. It has over seven million active users on the global network as of 2019. Because of the trade conflict between the United States and China, American retailers left China, allowing Zilingo to grow in the United States. She has sought to get Indian textiles for Californian firms and has opened offices on both the West and East coasts.
Bose developed a programme at Zilingo to teach Indonesian women how to make garments, recognising that about 40% of Indonesian women leave the industry after getting married. To help executives throughout the firm, Zilingo established a coaching programme. Bose participates in services that help and train female entrepreneurs.
Ankiti Bose – Zilingo
Co-founder and CEO of Zilingo – Ankiti Bose
Zilingo is an online fashion marketplace service and e-commerce website launched in 2015 by Ankiti Bose and Dhruv Kapoor, who each invested $44,000 in the venture. Sequoia India provided initial money, and in September 2016, the firm secured an additional $8 million in a Series A funding round. In 2017, it secured an additional $18 million in a Series B round, and in 2018, it raised $54 million in Series C financing. Ā
Zilingo was exporting to eight countries by September 2017 and had seller hubs in Korea, Hong Kong, Vietnam, Indonesia, Cambodia, and Thailand, with 5,000 new merchants added in the preceding year.
In February 2019, Zilingo raised $226 million in a new round of funding from Sequoia India, Burda, Singapore sovereign fund Temasek, and Sofina. The partners have secured $28 million with the full backing of heavyweight investors like Silicon Valley billionaire Tim Draper, and presently have 8,000 merchants and over two million consumers.
Ankiti Bose – Early Challenges
Ankiti signed up as a retailer to obtain the customer experience to truly comprehend the market and make Zilingo as welcoming as possible to merchants. Zilingo was not built on orders and commands; instead, it was built on as much personal experience as possible to become what it is today.
Ankiti and her team quickly recognised that having only an e-commerce network was insufficient to assist these small firms. They were severely lacking in production, shipping, and other operations that a larger company would have. This is why Zilingo decided to create an online market platform that would help small businesses grow.
In 2016, they supported organisations with product development and design, data analytics, logistics, and customer service by developing software to offer supply chain capabilities.
Ankiti Bose – Controversies Related To Zilingo
Singaporean B2B fashion e-commerce startup Zilingo has suspended its Indian founder and CEO, Ankiti Bose, after irregularities in the company’s accounts were reportedly uncovered during an attributable procedure for a fresh financing round.
Bose has denied the charges and challenged her suspension, calling the firm’s move a “witch hunt” sparked by harassment complaints she filed against a corporate investor.
The apparent accountancy issues surfaced just as Zilingo was in active discussions to seek $150-200 million in a fresh round at a projected valuation of $1.2 billion, setting the stage for it to become a unicorn.
Bose has threatened to sue the board saying, she was fired because of her rebellious nature with Sequoia Capital India and Sequoia managing director Shailendra Singh. She holds an 8.58% stake in the company and is attempting to reclaim the business’s $40 million in unpaid obligations, which creditors recalled following her discharge.
The company, in a statement, said, “Following an investigation led by an independent forensics firm that was commissioned to look into complaints of serious financial irregularities, the company has decided to terminate Ankiti Boseās employment with cause, and reserves the right to pursue appropriate legal action.”
Ankiti Bose – Awards
Year
Award
2018
Asia’s Forbes 30 under 30
2019
Fortune magazine’s 40 Under 40, The Bloomberg 50, and Business Worldwide Magazine Most Innovative CEO of the Year ā Singapore
2020
Singapore Top 100 Women in Tech List
FAQs
Who is Ankiti Bose?
Ankiti Bose is a 29-year-old entrepreneur who co-founded the e-commerce startup Zilingo.
Who founded Zilingo?
Zilingo was launched by Ankiti Bose and Dhruv Kapoor.
What does Zilingo do?
Zilingo is a fashion technology and e-commerce brand.
What is the net worth of Ankiti Bose?
Ankit Bose’s net worth is reported to be approximately $5 million.
Nikhil Anil Brij Lal Kumar, or more famously known as Mumbiker Nikhil, Ā is an Indian YouTube vlogger, model, actor, and former flight attendant. He launched his YouTube account in 2013, where he published moto-vlogs when he was just 22 years old. Now 29 years old, Mumbiker Nikhil has come a long way since then, literally. Let’s take a look at his journey and how he got to where he is now.
Born on November 4, 1991, Nikhil was never into studying and had always been a defaulter. He first pursued and studied hotel management at Mumbai’s Rizvi Institute of Studies and Research, but after a time decided it wasn’t for him and dropped out.
In 2007, he interviewed for a flight attendant position with Qatar Airways, and he was lucky enough to get accepted.
He spent the following six years in Doha, Qatar. He returned to Mumbai to try his luck as an actor. He landed a few minor roles in films such as Emotional Atyaachar and the popular television serial Savdhan India but couldn’t land any significant roles and didn’t have a massive breakthrough, but he still continued trying. His family told him to drop acting and continue his work as a flight attendant but Nikhil remained optimistic. In December 2012, tragedy struck when Nikhil’s father, Anil Sharma, died after having a heart attack. Nikhil, heartbroken, gave up performing and invested in and launched a slew of new enterprises to support his family, but to no effect. After seeing his family’s financial condition and the losses his companies were going through, he gave up everything and returned to Mumbai to properly handle his father’s firm. The majority of his father’s business consisted of collecting rent from properties he had invested in before his tragic demise.
Nikhil had a good life, but it wasn’t the life he had envisioned or desired, but he carried on to support his family. He was inspired to start vlogging after seeing a couple of people riding motorcycles and recording themselves. He didn’t know where to upload it because YouTube had just been launched in that era and wasn’t well-known then, but when he saw a video on YouTube of someone else vlogging there, he decided to do the same to break up his repetitive routine and have the adventure he had always dreamed of. Nikhil Mumbiker was one of the earliest Indian vloggers.
On July 3, 2013, he started the “Mumbiker Nikhil” YouTube channel. He began uploading videos in the style of vlogs, and because he has been riding motorbikes since he was 15, he merged the two and began to post the moto vlog on YouTube. He created his first video on bike information, but it didn’t receive a lot of views at the time, but he didn’t give up and continued to vlog. He published quality content and great films of his bike trips to various places in India and out of India. He gradually climbed up the fame wall by posting quality content and unique recordings of his bike journeys to multiple destinations in and out of India.
Nikhil’s commitment and hard work eventually paid off, and he is now one of India’s most renowned YouTubers with over 3 million subscribers.
His video describing his journey to Leh, Ladakh, was a watershed moment in his YouTubing career. He not only got renowned as a result of this journey, but he also acquired a large number of subscribers, and he met Debashish Ghosh who was on a world tour his motorbike.
Things started to change once he reached 100,000 followers on YouTube on August 26, 2016. He now has a large number of admirers and followers all around the world. His videos were well-received, and his YouTube channel, “Mumbiker Nikhil,” became well-known.
In 2017, he rode his KTM Duke 390 from Kanyakumari to Kashmir to visit his admirers across the country. Bhuvan Bam, Ashish Chanchlani, Be Younick, Technical Guruji, and Prajakta Koli are just a few of the prominent Indian YouTubers with whom Nikhil has collaborated.
Nikhil was invited to the Mumbai YouTube Fanfest in 2017. He put on a show on stage while riding a Harley Davidson borrowed from his friend Debashish Ghosh. It aided Nikhil in gaining more viewers, and on March 16, 2018, his YouTube channel reached a million subscribers. He currently has 3.96 million subscribers, 1,567 videos uploaded to his YouTube account, and over 1.8 billion views.
Nikhil’s social media profiles have a sizable following.
Mumbiker Nikhil earns anywhere between Rs. 3,85,000 and Rs. 61,32,000 per month from advertising that displays before the video starts, according to the famous analytics website Social Blade. The amount of money he makes through brand sponsorships and affiliates is unknown. He also endorses brands on Instagram, where he has more than 900,000 followers.
He gets a decent amount of money through sponsorship and brand partnerships in addition to Google Adsense. In addition, he owns his own clothing brand, MN. T-shirts, hats, purses, and other accessories are among the items he offers online. He also earns from business promotions and special appearances now that he is a Social Media Influencer. Previously, his total net worth was unknown. However, the most recent estimate for Mumbiker Nikhil’s net worth in 2021 is somewhere between $7.8k and $125.2k each month, or $93.9k to $2M, or around 14 crores per year. Furthermore, based on his YouTube growth, we can predict that his net worth will increase quickly in the near future.
FAQs
What is full name of Mumbiker Nikhil?
Real name of Mumbiker Nikhil is Nikhil Anil Brijlal Kumar Sharma.
What is the net worth of Mumbiker Nikhil?
Mumbaikar Nikhil’s net worth is $ 4 Million.
What is Mumbiker Nikhil’s age?
Mumbiker Nikhil is 30 Years old (2021).
Who is Mumbiker Nikhil’s wife?
Nikhil Sharma aka Mumbiker Nikhil has married his girlfriend Shanice Shrestha on 30 January 2021.
Kanimozhi Sivakumar
Lakshya Singh
