Tag: đŸ‘šâ€đŸ’»StartupTalkers

  • Masayoshi Son – The 2nd Richest Man in Japan

    Masayoshi Son is a Japanese Entrepreneur, Investor, and Philanthropist. He founded the Japanese holding company, SoftBank, and serves as its Chief Executive Officer (CEO). He is the Chairman of the UK-based Arm Holdings. According to Forbes, Masayoshi is the 74th richest man in the World and the second richest man in Japan with a net worth of $44.4 billion.

    Get an insight into the SoftBank and Masayoshi Son Story in the post ahead!

    Masayoshi Son – Biography

    Name Masayoshi Son
    Born 11 August, 1957
    Birthplace Tosu, Saga, Japan
    Age 65 (2022)
    Nationality Japanese
    Citizenship Japan
    Education University of California, Berkeley
    Profession Entrepreneur, Investor, Philanthropist
    Position Founder & CEO, SoftBank
    Net worth $44.4 billion ( 2022)
    Brothers 3
    Marital Status Married
    Spouse Masami Ohno
    Children 2

    Masayoshi Son- Personal Life
    Masayoshi Son- Education
    Masayoshi Son- Professional Life
    Masayoshi Son- SoftBank
    Masayoshi Son- Vision Fund Investments
    Masayoshi Son- Investor
    Masayoshi Son- Arm Holdings
    Masayoshi Son- Philanthropy
    Masayoshi Son – Latest News

    Masayoshi Son- Personal Life

    Masayoshi Son- CEO of Softbank
    Masayoshi Son- CEO of Softbank

    Masayoshi was born in Tosu, Japan. He belongs to “Zainichi Koreans”, ethnic Koreans having permanent residency in Japan. He has three brothers and is the second eldest of the siblings. Taizo Son, his younger brother is the Founder of GunHo Online Entertainment and the venture capital firm Mistletoe.

    At age 16, he moved out from Japan to California for higher studies. He then lived with his friends and family in South San Francisco. He met his wife, Masami Ohno while studying at the university. The couple bears two children. He currently resides with residesmily in Tokyo.

    Masayoshi Son- Education

    Masayoshi went to California and finished high school in just three weeks by taking the necessitated exams at Serramonte High. After that, he pursued a Bachelor of Arts specializing in Economics and also studied Computer Science at the University of California, Berkeley.

    He completed his graduation in 1980. He pursued his interest in business before Japan’s McDonald’s president, Den Fujita, and on the advice of the latter, he started studying English and Computer Science.

    Masayoshi Son- Professional Life

    Masayoshi Son and Softbank Story

    At age 19, Masayoshi got besotted by an integrated circuit featured in a magazine and he realized that computer technology would fuel the next commercial revolution.

    While pursuing his studies, he developed an electronic translator that was sold to Sharp Corporation for $ 1.7 million. He earned $ 1.5 million by importing used video games and installing them in dormitories and restaurants.

    After graduating in 1980, he started Unison in Oakland, CA, which was acquired by Kyocera. He is one of the active investors and holds maximum stakes at companies like Yahoo!, and Alibaba through the means of his venture SoftBank.


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    Masayoshi Son- SoftBank

    SoftBank Logo
    SoftBank Logo

    Masayoshi founded SoftBank Group Corporation on 3 September 1981. The company is headquartered in Minato, Tokyo and he serves as its Founder and CEO. He also owns a professional Japanese baseball team, which he named SoftBank Hawks.

    SoftBank is a multinational conglomerate holding venture which holds stakes in many technology, energy, and financial companies. It also runs Vision Fund which is the world’s largest technology-focused venture capital firm, with over $ 100 billion in the capital.

    Masayoshi Son- Vision Fund Investments

    Vision Fund Logo
    Vision Fund Logo

    The $ 100 billion Vision Fund is an investment vehicle that runs for SoftBank. It invests in emerging technologies like, robotics, artificial intelligence, and the internet of things. The company aims to double its portfolio of AI companies to reform real estate, transportation, and retail.

    He makes personal connections with the CEOs of all companies funded by Vision Fund. He plans to raise $100 billion for a new fund. Every few years, he invests about $ 50 billion each year in startups.

    The graph shows some of the investments made by the Vision Fund in its first round
    The graph shows some of the investments made by the Vision Fund in its first round

    In 2020, Vision Fund was recorded to have invested in 88 companies including ride-share companies Grab, Coupang, and Paytm. As of the year 2022, the vision fund has around 475 companies included in its portfolio.

    Masayoshi Son- Investor

    He is an active investor such that his holding company, SoftBank holds 25 % of the Alibaba company. Moreover, his stake in Yahoo! had diminished by 7%. He then established Yahoo! Japan in September 2001, where he holds a controllable interest. He stepped down from the Alibaba board in June 2020.

    Post hyperinflation of SoftBank’s equity, he was strained to pivot towards Yahoo! BB and BB Phone. SoftBank has an accumulated debt of about $1.3 billion to date. Still, Yahoo! BB acquired Japan Telecom, which was then the third-largest broadband and landline provider with 600,00 residential and 170,000 commercial subscribers in the year 2020. Thereafter, Yahoo! BB is Japan’s leading broadband provider.

    Masayoshi Son- Arm Holdings

    Arm Holdings was successfully purchased by SoftBank in 2016 for the amount $ 31.4 billion
    Arm Holdings was successfully purchased by SoftBank in 2016 for the amount $ 31.4 billion

    Masayoshi serves as the Chairman of the US-based software design company, Arm Holdings. In July 2016, there was an announcement that SoftBank is planning to acquire Arm Holdings for $31.4 billion, which would be the largest-ever purchase of a European technology company.

    Arm Holdings was officially acquired by SoftBank in September 2016. The company approved the complete transaction. The total acquisition price counted to $34 billion. Moreover, SoftBank further acquired Sprint Corporation by purchasing 76% of its share.

    Sprint Corporation was acquired by SoftBank by purchasing 76% of shares
    Sprint Corporation was acquired by SoftBank by purchasing 76% of shares

    Masayoshi Son- Philanthropy

    Masayoshi vowed to donate $120 million and his remaining salary until retirement to support victims of the 2011 Tohoku earthquake and tsunami in the year 2011.

    Post devastating effects of the Fukushima Daiichi nuclear disaster in 2011, he criticized the nuclear industry for creating a problem that worries the Japanese thoroughly. He thus invested in a nationwide solar power network for Japan. It was announced in March 2018 that Masayoshi was investing in the biggest ever solar project.

    Masayoshi Son – Latest News

    11 May 2022- Masayoshi recorded another point but with the loss of about $18.6 billion from Softbank’s Vision Fund Inc in the last quarter of March.

    23 May 2022- Masayoshi Son was reported to meet Indian Prime minister “Narendra Singh Modi”. The meeting was mainly to discuss the role of Softbank in the technology, energy, and finance sector of India and its development.

    30 May 2022- After acquiring the loss, the Softbank firm gets the paycheck compensation cut from its executive employees with no change in the paycheck of the CEO.

    Conclusion

    Masayoshi Son is entitled to the second richest man in Japan and 74th richest man in the world according to the Forbes Rich List. He is also the founder and CEO of Softbank. Masayoshi Son is an industrialist, investor, and philanthropist. Many other important aspects of Masayoshi Son have been shared in the above context.

    FAQs

    Who is the CEO of Softbank?

    Masayoshi Son is the founder and CEO of Softbank.

    How much of SoftBank does Masayoshi Son own?

    Masayoshi Son owns about 21.25% of SoftBank.

    Why is SoftBank called SoftBank?

    The word “Soft” stands for the synonym of the bank. Hence the word “SoftBank” stands for the general idea of having banks of software. And the reason behind using the word bank in the title is to give the general idea of being a key source of infrastructure for the society.

    Who is the richest man in Japan in 2022?

    Tadashi Yanai is the richest man in Japan with a net worth of US$26.1 billion.

    Does SoftBank own ARM?

    ARM was acquired by SoftBank in the year 2016 for a deal of $31.4 billion.

  • Parag Agrawal – The Journey of an Indian-origin CEO of Twitter

    Indians are leading worldwide roles in some of the world’s largest businesses, from Google’s Sundar Pichai to Microsoft’s Satya Nadella, Adobe’s Shantanu Narayen to IBM’s Arvind Krishna. India boasts the world’s biggest expatriate and a massive source of IT expertise that serves some of the world’s most prestigious corporations.

    People over social media went gaga on 29th November 2021, as one more hero joined this list. When former Twitter CEO Jack Dorsey abruptly stepped down on Monday, he handed the reins to Parag Agrawal, a software engineer who has worked closely with Dorsey in establishing the company’s future.

    Dorsey’s faith in Agrawal as CEO is “bone-deep,” the departing CEO said in an email to staff on Monday. “Given how completely he understands the firm and its requirements, he’s been my choice for some time,” Dorsey stated. Know more about this gentleman, in this article.

    Parag Agrawal – Biography

    Name Parag Agrawal
    Year of Birth 1981
    Age 37 Year Old
    Nationality Indian, American
    Education B.Tech. degree in Computer Science and Engineering from IIT Bombay
    Profession Computer Scientist
    Title CEO of Twitter
    Net worth US$3 million
    Wife Vineeta Agrawal

    Parag Agrawal – Early Life
    Parag Agrawal – Career
    Parag Agrawal – Salary and Net Worth
    Parag Agrawal – Journey with Twitter
    Parag Agrawal – The CEO of Twitter
    Parag Agrawal – Unknown Facts

    Parag Agrawal – Early Life

    Parag Agarwal was born in India in the year 1976. He graduated with honours from the Atomic Energy Central School (AECS). He then subsequently travelled to Mumbai to pursue his bachelor’s degree in engineering at the India Institute of Technology (IIT).

    Recently IIT Bombay also recognized and valued its alumni for their contributions to the world of technology. He moved on to Stanford University to earn his Ph.D. degree after graduating from college. While at Stanford, Parag Agarwal interned at various technology giants like Microsoft, Yahoo, and AT&T Labs and gained good hands-on industry experience.

    Parag Agrawal's Family
    Parag Agrawal’s Family

    Vinita Agrawal is Parag Agrawal’s wife. They have a daughter named Anamika Agrawal.

    Parag Agrawal – Career

    Parag Agrawal began working at Twitter in 2011 after working as a student for firms such as Microsoft, AT&T, and Yahoo. Initially, Parag Agarwal focused on advertising-related goods. He afterwards moved on to Artificial Intelligence. On March 8th, 2018, Parag Agarwal was named as Chief Technology Officer (CTO) of Twitter.

    His early work as CTO focused on using artificial intelligence to improve the relevancy of tweets in the Twitter timeline. Parag Agarwal has been named the next CEO of Twitter, just ten years after joining the company.

    Parag Agrawal – Salary and Net Worth

    Parag’s net worth is estimated to be $3 million. He will be worth millions of dollars in no time thanks to the significant rise in his basic income and bonuses. Parag will get $1 million yearly remunerations and $12.5 million in stock compensation as CEO of Twitter, according to the company.

    Parag Agrawal – Journey with Twitter

    In an email to Twitter employees, Agrawal stated that the firm had less than 1,000 employees when he started. He wrote, “I’ve walked in your shoes, I’ve seen the ups and downs, difficulties and barriers, successes and blunders.”

    As Twitter tries to shake off a reputation for being sluggish to develop, he’s focused on machine learning and other technological breakthroughs that have allowed it to bring out new features and products more swiftly.

    The board of Twitter, according to sources, had been seeking a full-time CEO for the social media business for the past year. Jack Dorsey co-founded Twitter in 2006 and served as its CEO until 2008 when he was fired. After former CEO Dick Costolo left in 2015, he returned to the firm as an executive.

    Parag published a statement expressing his thanks.

    “Thank you very much, Jack. I’m both honoured and humbled by this. And I appreciate your continuous mentoring and friendship ” – Parag Agrawal

    Agrawal reflected on his experience at the firm, saying:

    “Right now, the world is watching us much more than before. Let’s demonstrate Twitter’s full potential to the rest of the world “.

    Parag Agrawal – The CEO of Twitter

    At a time when Twitter is actively seeking new ways to expand its user base, Agarwal’s appointment comes at a fortunate moment for him. By the end of 2023, the company expects to have 315 million DAUs (Daily Active Users) and expect to have more than doubled its annual revenue. He takes over as CEO at a time when the corporation has been criticized by investors for failing to create a new monetisable product in years, prompting the announcement of the 2023 plan.

    Parag Agrawal – Unknown Facts

    Here are some amazing facts about Parag Agrawal:

    • He is a machine learning expert who has played a key role in Twitter’s adoption of the technology.
    • According to his thesis adviser, Parag was born in Mumbai and has a strong knowledge of mathematics as well as experience working with massive datasets.
    • According to a New York Times story citing Silicon Valley insiders, Parag is “quiet, courteous, profoundly technical, and passionate about an internet where power and control are given back to people,” exactly like Jack Dorsey.
    • At the 2001 International Physics Olympiad in Turkey, Agrawal received a gold medal.
    • Parag is an adventurer who loves to do skiing and hiking. Along with that, he is fond of trying new dishes and eating a variety of food.
    • Even though Parag lives in the US, he celebrates all the major Indian festivals like Holi and Diwali.
    • Bollywood’s famous singer Shreya Ghoshal is reportedly known to be Parag’s classmate.
    • Parag is an avid cricket lover and loves to watch cricket matches in the stadium.
    • As per unknown sources, Parag secured a 77thrank in his IIT JEE exams.

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    Conclusion

    The promotion of Parag Agrawal, Twitter’s former Chief Technological Officer, underscores the importance of immigrants in the world’s leading technology organisations. He joins Microsoft’s Satya Nadella, Adobe Inc.’s Shantanu Narayen, International Business Machines Corp.’s Arvind Krishna, and Alphabet Inc.’s Sundar Pichai as the highest-profile executives of Indian-origin in the United States.

    Agrawal has kept a quiet profile thus far, concentrating his knowledge in product development and market research. Before becoming CTO, he was recognised as Twitter’s first notable engineer for his contributions to audience growth and revenue. Now that he’s the CEO, he’ll have to navigate a friendlier path with India if he wants to achieve his ambitions of growing Twitter’s reach.

    FAQs

    Who is the wife of Parag Agrawal?

    Parag is married to Vineeta Agrawal.

    What is the age of Parag Agrawal?

    Parag Agrawal was born on 21 May 1984. He is 38 years old.

    What is the net worth of Parag Agrawal?

    The net worth of Parag Agrawal is $3 million.

    When was Parag Agrawal appointed as the CEO of Twitter?

    Parag Agrawal was appointed as the CEO of Twitter in November 2021.

  • Sheryl Sandberg Success Story: The Inspirational Female Entrepreneur

    We are almost on the brink of wiping out all gender bias in workplaces. Women now are getting employed, and a considerable number of women are rising to distinguished leadership positions and are managing companies almost as dextrously as their male counterparts if not more. Women, today, are also advocating crucial decisions of the companies, thereby standing as the face of today’s organizations.

    Meta (formerly Facebook) too had its iron lady, who goes by the name Sheryl Sandberg. After Mark Zuckerberg, the 2nd most iconic face of Facebook was Sheryl Sandberg, who served as the Chief Operating Officer of Facebook, joining way back in 2008. During all these years, Sandberg has grown to become quite synonymous with Facebook as is the company’s CEO, Mark Zuckerberg.

    After 14 long years of serving as the COO of the company, Sandberg resigned from the post, which she announced on her own Facebook page on June 1, 2022.

    Sheryl Sandberg has been hailed on successive occasions by Fortune as one the World’s Most Powerful Women, and with her numerous other honors and philanthropic initiatives along with how she headed the Mark Zuckerberg-led company, Sheryl Sandberg is not only an inspirational woman entrepreneur but a towering figure in the world of startups and businesses for all globally.

    If you are curious to learn more about this successful businesswoman, then check out this article ahead, which covers the story of Sheryl Sandberg, her educational background, career, role at Facebook, books authored, Sheryl Sandberg’s net worth, and more.

    Sheryl Sandberg – Biography

    Name Sheryl Sandberg
    Born August 28, 1969, Washington, D.C., U.S.
    Citizenship American
    Education Harvard University (AB, MBA)
    Title COO of Facebook (2008–2022), Founder of LeanIn.Org
    Board member of Meta Platforms, Women for Women International, Center for Global Development, SurveyMonkey
    Net worth US$1.5 billion (December 2022)
    Husband/Partner Brian Kraff (m. 1993; div. 1994); Dave Goldberg (m. 2004; died 2015) Tom Bernthal (married 2022)
    Children 2

    Sheryl Sandberg – Early Life and Education
    Sheryl Sandberg – Career
    Sheryl Sandberg as an Author and Speaker
    Sheryl Sandberg as a Valuable Board Member
    Sheryl Sandberg – Interesting Facts
    Sheryl Sandberg – Controversies
    Sheryl Sandberg – An Inspiration

    Sheryl Sandberg – Early Life and Education

    Born in a Jewish family of Joel and Adele Sandberg in Washington D.C., Sandberg was the oldest of three children. Her father was an ophthalmologist while her mother was a teacher of the French language. As her family went to North Miami Beach, Florida when she was just a toddler, Sandberg was admitted to North Miami Beach High School from where she graduated in 1987 and ranked 9th in her class. Sandberg was the sophomore class president, who eventually became a member of the National Honor Society. Sandberg was also on the senior class executive board. When she was in High School, Sheryl also taught aerobics.

    Sheryl Sandberg’s education resume is nothing short of brilliant. She was always excellent in academics and eventually was admitted to Harvard College. Sandberg graduated in 1991, summa cum laude, and Phi Beta Kappa, with a BA with a major in Economics. Sandberg also received the John H. Williams Prize, as the top graduating student from the college in Economics.

    Sheryl Sandberg founded the organization, “Women in Economics and Government” while she was still in college. It was at Harvard too that she met Lawrence Summers, who later became her mentor and thesis advisor. Sandberg soon also became a research assistant of Summers at the World Bank. From where her career started. At World Bank, Sandberg was associated with health projects in India that dealt with leprosy, AIDS, and blindness.  

    Sheryl Sandberg then pursued her MBA at Harvard Business School in 1995 with the highest distinction. She earned her fellowship right in the first year of business school.

    Sheryl Sandberg – Career

    A Brief Career in McKinsey & Company

    Sheryl Sandberg’s career started anew after she completed her MBA. Sandberg first joined McKinsey & Company as a Management Consultant, a role which she served for a year. After leaving McKinsey, Sandberg again worked under Lawrence Summers, who was then the United States Secretary of the Treasury working under President Bill Clinton. The Treasury was then working actively on forgiving debt in the developing world during the Asian financial crisis, which she assisted.


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    A Major Role in Google as the Vice President of Global Sales and Operations

    After 5 years of work for Treasury, Sandberg joined Google in 2001, 3 years after the search engine giant was founded, and rose to the rank of the Vice President of Global Sales and Operations. Furthermore, she was also involved in the philanthropic arm of Google, Google.org.

    At Google, Sandberg was responsible for the online sales of advertising and publishing products of Google. She also handled the sales operations of Google’s consumer products and Google Book Search. As Sandberg joined Google quite early in her career, when the search engine giant was far from what Google is now, her role was pivotal in Google. Sandberg in Google, helped the search engine grow the ad and sales team from 4 to 4,000.

    Sheryl Sandberg’s Meeting with Mark Zuckerberg and Her Joining Facebook

    Mark Zuckerberg and Sheryl Sandberg
    Mark Zuckerberg and Sheryl Sandberg

    Sheryl Sandberg met with Mark Zuckerberg in late 2007. It was a Christmas party held by Dan Rosensweig when Sheryl met Mark, the young founder of Facebook. Though Zuckerberg didn’t have a COO position in mind and neither did he look for the same, Sheryl was still deemed as a perfect fit for this role.  This is why Sandberg was offered the position of COO by Facebook in 2008.


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    Sheryl Sandberg’s Illustrative Career as the COO of Facebook

    After her major work with Google, where she has often been described as a “valued member of the Google team“, and a “well-regarded Google executive“, she left the search engine giant to join the social media giant, which was just 4 years old back when she joined in 2008.

    Sheryl Sandberg joined Facebook as the Chief Operating Officer of Facebook, the no. 2 leader of the Mark Zuckerberg-founded organization.

    Sandberg had a hefty portfolio. Apart from that, she had a fluid and trustworthy relationship with Mark Zuckerberg. Sandberg did all the things Mark hated to do and hence, Mark could focus on what he liked: engineering. Well, it was due to her efforts that he had given her space to be the public face of the company in many areas.


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    Soon after she joined Facebook, Sandberg quickly figured out smart ways to make the company profitable. Until then Facebook strived to emerge as a cool site without any major revenue model as such, thereby, it lacked profits or a way to make them.

    Facebook believed that coolness should be there and profits shall eventually follow. With Sheryl Sandberg in its arsenal, Facebook soon started to rely on advertising and began to present advertisements discreetly, and it was in 2010 that Facebook finally became profitable.

    Back then, Sandberg used to oversee almost all the major departments of the social media company Facebook (Meta) including sales, business development, marketing, communications, public policy, and more.  

    Sandberg had set her sights on the problem of mobile advertising. As Mark had reassigned his engineers to prioritize the mobile applications over the website, Sandberg had controlled the business side of Facebook. She had pushed to simplify the ad formats and had convened biweekly meetings with ad and product executives to balance the user experience with the needs of the marketers.

    She gave away the stories of conversations she had with the top executives of various companies to push more into what the situation demanded. The result of Sandberg’s efforts speaks for itself. The shares, which tanked after Facebook’s botched IPO in May 2012 scaled up by 140% to around $50 in recent years. The mobile ads accounted for 41% of Facebook’s $1.6 billion in ad revenue in one of its recent quarters.

    The CEO of the company Mark had predicted that the mobile revenue will comprise the majority of Facebook’s business. Therefore, Sandberg had been well rewarded for her contributions. She earned around $26 million in cash and stock in 2012. Sandberg’s Facebook shares and options were about $704 million. Apart from that, she also received an additional $277 million as unvested shares and options.

    Sandberg joined the Board of Directors of Facebook in 2012 when she emerged as the first woman to join the Facebook Board of Directors. Though Sandberg held some stakes in the company, it was revealed that she had sold over half of her stocks since the company went public on May 18, 2012.

    The Facebook IPO was humongous indeed with a market capitalization of over $104 billion. Facebook’s IPO is still regarded as the biggest among the technology companies and one of the biggest in the history of the internet. Sandberg, who was left with 41 million shares in the company during the time of the Initial Public Offering (IPO) of Facebook, was left with 17.2 million shares after some rounds of sales, which amounted to 0.5% stakes in Facebook then, and worth close to $1 bn.

    A few years ago, Facebook landed itself in a tricky business partnership with PayPal. Therefore, whenever the teams were in a tussle, Sandberg would personally reach out to John Donahoe, the CEO of eBay, which owns PayPal. The high-level involvement had removed the differences over time. This resulted in eBay spending far more on Facebook ads.

    According to some Facebook executives, even though Sandberg can’t be cloned, she can be emulated. With Sandberg’s efforts, Facebook has turned into a giant in the social media industry and a role model for many other companies, startups, business professionals, CEOs, and other individuals, which was just a young and growing company when she vowed to stay with the team.

    Sheryl Sandberg’s leadership style is transformational as she believes in celebrating her employees’ successes and also encourages people to do better work.

    Along with Facebook, Sheryl is also known for many other initiatives including Lean In. Sandberg had been serving actively as the COO of Facebook, she had also extended her valuable contributions to the social media giant even after Facebook termed itself, Meta, on October 28, 2021, before she announced her resignation from the post of COO on June 1, 2022.

    Sandberg mentioned that the reason is her wish to write the next chapter of her life. She resigned in the fall of 2022. According to Forbes richest list, Sheryl Sandberg is presently worth around $1.5 bn, as of December  2022.

    Sheryl Sandberg- Success Story

    Sheryl Sandberg and LeanIn.Org

    The first Sheryl Sandberg book Lean In has been widely successful. The publication of Sheryl Sandberg’s Lean In, which was focused on business leadership and development and stressed the issues of the lack of women in government and business leadership positions and feminism, ignited an international movement that made feminism mainstream again.

    This made her a champion of women’s rights, who advocated gender equality and the name of Sheryl Sandberg soon began to be taken in the same breath as other celebrities like Oprah, Bono, and Michel Bloomberg.

    The book, Lean In, has heightened expectations about Sandberg’s post-Facebook life. This book which dealt with the lack of women in businesses and all the challenges they had to face, is truly revolutionary in its own right.

    According to Mark, Lean In has done a lot more for the advancement of Facebook than Facebook has done for Lean In. As a result of which while, Mark is a celebrity in his own right and the anti-hero of an Oscar-winning Hollywood movie.

    Lean In Foundation or LeanIn.org was founded by Sheryl Sandberg in 2013, as a nonprofit organization. This organization has been founded by the then Meta COO to offer women “ongoing inspiration and support to help them achieve their goals.”

    The Lean In organization aims to support women in 3 main ways:

    • Community
    • Education
    • Circles or small and connected peer groups

    Lean In has seen the joining of over 380,000+ women and men to its Lean In community and has successfully created 34,000+ Lean In Circles in over 157 countries to date.

    Furthermore, Lean In is also responsible for annual national campaigns like #BanBossy and #LeanInTogether. These initiatives were organized to help Lean In accomplish its goals and establish partnerships.

    The Lean In Foundation has been renamed to the Sheryl Sandberg & Dave Goldberg Family Foundation, which was kept after the name of Sheryl and her late husband. Sandberg has also reportedly transferred around $100 mn in Facebook stock to fund the organization and other charitable endeavors of Sandberg. It now serves as an umbrella for LeanIn.org and as a new organization around her book Option B.

    While some Facebook executives say Sandberg has not missed an opportunity to contribute others say that Lean In was distracting and took much of her time. But, according to them, it was only for a brief period. The book has turned Sandberg into an international sensation. It has truly helped with recruiting and retention of women engineers and executives, which is a major revolution witnessed in recent times.

    Presently, women executives also lead the company’s global sales, public policy, mobile engineering, European operations, and many important groups. However, only one of Sandberg’s five direct reports was reported to be female and except for Sandberg, all of Mark’s six direct reports are male. It seems that women still need to draw inspiration from Sandberg!

    Sheryl Sandberg as an Author and Speaker

    Sheryl Sandberg wrote an article in 2008 in the support of her mentor Lawrence Summers, which was published by The Huffington Post. She was a keynote speaker at the Jewish Community Federation’s Business Leadership Council in 2010.

    It was in the month of December, of the same year that Sandberg went ahead for her first TED speech, which focused on empowering women and elevating them as leaders, titled “Why we have too few women leaders“.

    Sandberg was also chosen the very next year as the speaker of the Commencement Address of the Barnard College graduation ceremony. She was a keynote on many occasions that followed and delivered the commencement address on several occasions too, including:

    • The Class Day ceremony at the Harvard Business School in May 2012
    • The second annual Entrepreneur Weekend at Colgate University, in Hamilton, New York
    • Berkeley graduation ceremony at the University of California
    • Virginia Tech’s Class of 2017
    • Massachusetts Institute of Technology in Cambridge, MA

    Sheryl Sandberg released her first book called Lean In Women, Work, and the Will to Lead, which was co-authored by Nell Scovell and published by Knopf on March 11, 2013. The book had sold more than 1 million copies and featured as one of the bestsellers since its launch, in the fall of 2013.

    Lean In - Book by Sheryl Sandberg
    Lean In – Book by Sheryl Sandberg

    Though the book has received mixed reviews from critics and others, Lean In has been a career-swirling attempt by Sheryl Sandberg that gave rise to LeanIn.org, which paved the entrepreneurial way for Sheryl Sandberg.

    Option B, which was released in April 2017 and co-authored by Adam Grant, was another book written by Sandberg. This book dealt with how to handle loss after she lost her husband unexpectedly. It has also crossed the 2.75 million mark in terms of copies sold.

    Option B - Book by Sheryl Sandberg
    Option B – Book by Sheryl Sandberg

    Sheryl Sandberg also was involved in the signing of an open letter which the ONE Campaign had been collecting signatures for in 2015.


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    Sheryl Sandberg as a Valuable Board Member

    Sheryl Sandberg is serving as a Board member in several reputed organizations including Meta.

    Sandberg was named to the Board of The Walt Disney Company, Starbucks, and V-Day. She serves on the Boards as a member of Women for Women International, the Center for Global Development, and Brookings Institution, and Ad Council also had Sandberg on their Boards previously. Sandberg was also known as a member of the advisory board of the Peter G. Peterson Foundation.


    Facebook’s New Venture | Now Indian Startups will Get Funding From Facebook
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    Sheryl Sandberg – Interesting Facts

    • At Harvard, she was an Aerobics teacher.
    • She Helped co-found the on-campus group Women in Economics and Government.
    • Larry Summers, treasury secretary under President Bill Clinton, the director of the National Economic Council for President Barack Obama, and the chief economist at the World Bank was her thesis advisor at Harvard.
    • She graduated with the highest distinction from Harvard Business School.
    • She worked at Google before Facebook.
    • Sheryl Sandberg and Zuckerberg met at a Christmas party.
    • She was the first woman to be appointed to Facebook’s board.
    • Sheryl is the author of 2 best-selling books.
    • Sheryl Sandberg’s house is in Menlo Park and costs over $11 million.

    Sheryl Sandberg – Controversies

    Sheryl Sandberg has seen her own share of controversies, which were primarily associated with Facebook and her work with the social media company.

    Sandberg was a part of the coordinated campaign to restrain Daily Mail from publishing a story about a temporary restraining order that was announced for Activision Blizzard CEO Bobby Kotick, by a former girlfriend, The Wall Street Journal reported on April 21, 2022.

    It was also reported that when the order was announced, Kotick and Sandberg were dating. Both of them worked with a team including Facebook and Activision employees to forge a strategy that would help convince the Mail not to publish the article in 2016 and 2019, reports say. Facebook is currently reported to be reviewing if Sandberg actually violated any of the company’s rules during the same occasion.

    Sandberg was the face of Facebook when the social media giant was tangled in numerous controversies, like the time following the 2016 US presidential election, when Sandberg faced blowback over issues including the Cambridge Analytica scandal. She was involved in the spread of misinformation, and Facebook’s failures of oversight with regard to everything.  

    Sheryl Sandberg – An Inspiration

    Sheryl Sandberg Ted Talk

    It is a no-brainer that Sandberg is an inspiration for everyone. Her entrepreneurial work has fueled the growth of the company and hence, as a result, Facebook is the largest social media platform in the world. She has risen through the ranks and is one of the reasons why Facebook is still a big name across the world dominated by the internet.

    Under Sandberg, the team has worked efficiently and had continued to do so, at least till the announcement of her resignation, post which she will continue to be there on the Facebook Board. The Sheryl Sandberg story doesn’t end here but awaits the new beginnings that Sheryl has hinted at while posting about her resignation.

    The Sheryl Sandberg foundation known as Sheryl Sandberg & Dave Goldberg Family Foundation aims to build a more equal and resilient world. With the help of two key initiatives LeanIn.Org and OptionB.Org, they bring people together to support each other.

    One of the top Sheryl Sandberg quotes is “Feeling confident — or pretending that you feel confident — is necessary to reach for opportunities. It’s a cliche, but opportunities are rarely offered; they’re seized.”


    Jeff Bezos : Amazon founder | Space Flight | Net worth
    Jeff is an American businessman, founder & executive chairman of Amazon, founder of space travel company Blue Origin. Read Jeff Bezos- biography.


    FAQs

    Who is Sheryl Sandberg?

    Sheryl Sandberg is popularly known as the COO of Facebook and the author of 2 bestselling books.

    What did Sheryl Sandberg study?

    Sheryl Sandberg went to Harvard College and has an AB in economics. She is also the recipient of the John H. Williams Prize for a top graduating student in economics. Later on, she pursued her MBA at Harvard Business School in 1995 with the highest distinction.

    What is Sheryl Sandberg’s net worth?

    As of 2022, the net worth of Sheryl Sandberg is $1.6 billion.

    What ethnicity is Sheryl Sandberg?

    Sandberg was born to a Jewish family and is the oldest of three children.

    What are the books by Sheryl Sandberg?

    The 2 books Sheryl Sandberg wrote are Lean In and Option B. Sheryl Sandberg’s book Lean In has frequented the bestseller list.

    What did Sandberg do for Facebook?

    Since she became the COO at Facebook, she has helped to dramatically increase the social media firm’s revenue.  

    Who is Sheryl Sandberg’s Husband?

    Sheryl Sandberg’s husband is Tom Bernthal.

    How many kids does Sheryl Sandberg have?

    Sheryl Sandberg has two kids.

    What does a COO do?

    The chief operating officer (COO) is considered second in the chain of command and is responsible for overseeing the day-to-day administrative and operational functions of a business.

  • The Successful Journey of Suchi Mukherjee: Founder & CEO of LimeRoad

    Growing at a 30% compound annual growth rate, the ecommerce industry is certainly emerging as one of the most popular industries in India. Online marketplaces of varying niches, are rising and dominating the Indian market that was once known for its mom and pop stores. LimeRoad, one of the first women’s social shopping sites, is currently among the most well-known shopping destinations of the Indians.

    Dealing primarily in clothing and accessories for men, women, and children, at the end of 2017, LimeRoad claimed to have scaled 150% in terms of revenue, traffic, and more and had also successfully secured the 2nd spot in the online fashion vertical, as mentioned by Suchi Mukherjee.

    Suchi Mukherjee is an Indian Entrepreneur, and the face behind the successful online shopping site, LimeRoad. Founded in 2012, Suchi Mukherjee is the Founder and CEO of LimeRoad, who founded the company with Ankush Mehra and Prashant Malik. While Malik has parted with the organisation, Mehra is still serving as the Co-founder and Director of A.M Marketplaces Pvt. Ltd., the parent company of LimeRoad, and Mukherjee is helming LimeRoad.

    She aimed at creating the largest women’s-only marketplace in South East Asia. She has been conferred with various awards owing to her contributions in ascending business and comprehending consumer technology. In 2011, Global Women’s Forum voted her No. 1 among 15 “Rising Talent- global leaders under 40” via World Women’s Forum.

    So, without further ado, let’s dive into the Life and Career of Suchi Mukherjee and the successful journey that Suchi experienced to date, which starts from her Early Life, and includes Suchi’s Education, Career at LimeRoad, Awards won by Suchi Mukherjee & more.

    Suchi Mukherjee – Biography

    Name Suchi Mukherjee
    Born 6 July 1973
    Birthplace Haryana, India
    Position Founder & CEO, LimeRoad
    Nationality Indian
    Education University of Cambridge
    Profession Entrepreneur
    Awards INFOCOM Women of the Year (2015), Unicorn Startup Award (2016) & more
    Marital Status Married
    Children 2

    Suchi Mukherjee – Early Life and Education
    Suchi Mukherjee – Career and Joblife
    Suchi Mukherjee – The Birth of an Entrepreneur
    Suchi Mukherjee – Personal Life
    Suchi Mukherjee – Honors & Awards

    Suchi Mukherjee – Early Life and Education

    Suchi Mukherjee hailed from a middle-class family in Haryana, India. She was a bright student in her school and college. Suchi studied at St Stephen’s College in Delhi, and was then enrolled in the University of Cambridge from where she received a Bachelor’s degree in Economics with Maths. She is a Cambridge Commonwealth Trust Scholar & Fellow and a Chadburn Scholar. She holds a University record in Development Economics. Suchi is the Elected Member of Newnham Associates from the University of Cambridge in 2008.

    Soon after she got admitted to The London School of Economics and Political Science (LSE), from where she obtained an MSc degree in Finance and Economics. She is also a British Chevening Scholar at LSE.


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    Suchi Mukherjee – Career and Joblife

    Suchi started working in a sector that was focused on Telecoms Media Technology (previously financial institutions) at Lehman Brothers Incorporation. She was a Senior Associate, Corporate Finance at the company and worked there for five years (July 1998 to June 2003).

    Post that, she joined Virgin Media, where Suchi became the Director of Change & Business Development and worked for 2 years. She was a member of the Consumer Division Management Team of the firm. The company grossed a revenue of $2.5 billion under her leadership. She worked there from June 2003 to May 2005.

    eBay Inc was the next company that she joined. Though eBay seems to have already lost the ecommerce war in India, as it looks like at least, it was previously among the ecommerce biggies. There she headed the Business Seller Programs and CS. She was a member of the UK Operating Management Team of the e-commerce portal and was prominently promoted in eBay, owing to her managerial and business skills. After 1 year, Suchi eventually emerged as the Director & Member of Executive Management Team at Skype, which was then a subsidiary of the Pierre Omidyar-founded eBay Inc company. She examined product and marketing, which included planning, product/UI design, payments, brand management, advertising channels, and more. She performed in the same job role from July 2007 to December 2008, before she was promoted again. Now, this time, it was GumTree, in which Suchi Mukherjee became the Managing Director & GM in January 2009. It was an eBay Inc company. She served at the company for over two years and left the job in August 2011. Under her leadership, the company escalated from No. 3 to No. 1 within a few years.

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    her leadership, SBI grew its network to around 17,000 branches and services over
    330 million customers with a presence in 36 countries. She e



    Suchi Mukherjee – The Birth of an Entrepreneur

    After performing extremely well in her career, and serving at numerous companies in over 5+ job roles, Suchi Mukherjee eventually thought of establishing her own startup that is focused on fashion and apparel for women. Suchi is currently serving as the Founder and Chief Executive Officer (CEO) of the e-commerce site, LimeRoad, which was established in 2012. However, what drove her to pursue the life of an entrepreneur is something really interesting.

    The Idea Behind the Startup, LimeRoad

    The startup story of LimeRoad was kickstarted out of a moment of utter frustration that Suchi Mukherjee experienced. This was just after her second child was born. Suchi was 39 then and on maternity leave. One day Suchi was flipping through a magazine when she suddenly glanced at a very attractive piece of jewellery. However, the jewellery was there in a very small store in Mumbai and it couldn’t have reached her anytime soon. This made her realise 2 very important things that were central to the launch of LimeRoad:

    • There wasn’t any app/website/portal that helped pretty and interesting accessories to be discovered easily
    • There wasn’t any platform that allowed people to go through the lists of accessories that were manufactured to be sold outside India

    Thus, the aim to create a unique platform where one can find beautiful and affordable accessories and lifestyle products in an easy-to-use interface, was the main idea that drove Suchi Mukherjee to launch LimeRoad, which is now counted among the best female-founded fashion brands in India. The idea was foolproof to the very brim because she was aware of the fact that India was the manufacturing hub for over 21% of the lifestyle products that are sold across the world. This made her realize that it would then be certainly delightful and profitable too to bring all the vendors in the lifestyle product category under a single roof.

    “Here is an industry which is our strength. All I wanted to do was to use technology so that manufacturers, designers and sellers could flourish and users could source beautiful products, which currently they were not able to,” said Suchi.

    Starting up of LimeRoad

    LimeRoad Logo

    Suchi found a serious need for a devoted females’ portal where they can find inexpensive accessories and products without any hassles. This is where she found an opportunity to grow rapidly in the market. She kept in mind the needs of the females and knew that the women like to examine other options before being a product. Her masterful understanding of the business led her to get to the root of the real issue of service and product.

    Besides, there were plenty of nonidentified vendors who were not allowed to add their products to keep up with the quality. She worked on identifying the right balance between the demands and the supplies. Suchi flew back to India in 2011 with a vision of founding a global brand in the country, after she made all the arrangements, to work on this new startup.

    Suchi recalled, “with a passion for driving change and innovation, which is also the core element of Limeroad’s culture, I got together with my co-founders to build something transformational.” Prashant Malik, who worked at Facebook and returned to India to start with something new, and Ankush Mehra, who headed the supply chain of Reliance Hypermarkets, were introduced to Suchi Mukherjee by her common friends when she was evaluating the market opportunity a year before setting up LimeRoad.

    LimeRoad was visualised by Suchi Mukherjee and the other founders as the digital equivalent of the 16th century Grand Trunk Road that changed the face of trade in the Indian subcontinent.

    Suchi Mukherjee as the Co-founder and CEO of LimeRoad

    LimeRoad is hailed as one of the fastest-growing digital shopping platforms in India. It is currently a 50,000+ strong women’s community. From being a startup to the LimeRoad we see today that competes with companies like Amazon, Flipkart, Myntra, Snapdeal, and more, Suchi Mukherjee’s contributions are undoubtedly huge. It was also under the leadership of Suchi Mukherjee that LimeRoad, today, boasts of having over 50 million visitors.


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    fairy-tale is the ultimate destination for a woman in our country and e



    LimeRoad Challenges

    Limeroad, just like any other startup, too had to face a whole lot of challenges when it started up. One of the major problems that the startup faced was the difficulty in finding the right people to build a solid team that could help the company get a blend of skill and a can-do attitude. Although LimeRoad could get over this challenge that was imposed, it tends to pop and test the company every now and then.

    Getting the right infrastructure with a high-speed and reliable internet connection was also difficult. Suchi Mukherjee also had to confront numerous legal processes to register a company, which she had no previous experience in dealing with, especially in India.

    One other challenge was to find the perfect work-life balance. Suchi felt that being a woman it was tough to be an entrepreneur because back then she also had huge familial commitments. However, one thing is certain Suchi was really supported by her family, which included her husband.

    LimeRoad and its Team at Present

    LimeRoad was founded as an online shopping platform in 2012 by Suchi Mukherjee, Ankush Mehra, and Prashant Malik. The company is currently headquartered in Gurugram, Haryana, India, where Suchi serves as the Co-Founder and CEO of the company.

    Ankush Mehra, Suchi Mukherjee and Prashant Malik from Left to Right – Founders of LimeRoad 

    It is a social-commerce platform primarily made for women with an improbable diameter of carefully selected retailers. It enables customers to discover the best lifestyle products across categories like apparel, accessories, home, and non-perishable food.

    Bollywood Actor Neha Dhupia serves as the Art Director of LimeRoad. Dhupia was roped in by LimeRoad back in May 2014, who eventually picked up stakes in the company and is a regular employee of LimeRoad who draws a salary each month. Neha was originally the choice of LimeRoad because of her glam quotient that everyone is familiar with. Ahti Heinla, Founding Architect of Skype and Michel V Swaaji, Ex-Chairman of Skype, serves as the Advisors of LimeRoad and are among the Board of Advisors of the company. The investors of LimeRoad include Matrix Partners, Lightspeed Venture Partners, and Tiger Global. LimeRoad was last valued at $108.18 mn (around Rs 838.5 crore) after a funding round in October 2019.


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    Suchi Mukherjee- Personal Life

    Suchi Mukherjee and her Family

    She got married to her long-time boyfriend, Sandeep Kunte, Director Treasury at Barclays Bank. Sandeep and Suchi tied the knot in 2006 and the couple now bears two children, daughter Myra and son Aadit. Suchi first met Sandeep, her future husband, at St Stephen’s College. Until now, no controversies arose against her. Her husband and family are known for being supportive throughout her life to date.


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    Suchi Mukherjee – Honors & Awards

    Both Suchi Mukherjee and the company, LimeRoad have been felicitated with numerous awards and accolades. Here’s presenting a list of some of the most prominent ones:

    • LimeRoad received the Coolest startup of the year award from Business Today in 2015
    • Suchi won INFOCOM Women of the Year in 2015
    • NDTV conferred her with the Unicorn Startup Award in 2016
    • The Economic Times nominated her for the ET Startup Award in 2017

    FAQs

    Who is Suchi Mukherjee?

    Suchi Mukherjee hails from Haryana, India, and is known as the Co-founder and CEO of LimeRoad, an Indian online marketplace owned by A.M Marketplaces Pvt. Ltd.

    Where was Suchi Mukherjee born?

    Suchi Mukherjee was born in Haryana, India.

    Is Suchi Mukherjee married?

    Yes, Suchi Mukherjee is married to Sandeep Kunte and has a son and a daughter.

    What is LimeRoad?

    LimeRoad is primarily known as a fashion ecommerce marketplace founded by Suchi Mukherjee, Prashant Malik, and Ankush Mehra, which was founded in 2012, and helps the users discover, shop, and share a wide array of fashion products and accessories that are above the mundane.

    What is the valuation of LimeRoad?

    LimeRoad was last valued at Rs 838.5 crore ($108.18 mn) in October 2019.

  • The Story of Naresh Goyal – Founder of Jet Airways, His Rise and Downfall!

    Naresh Goyal is the man behind Jet Airways. Goyal started by borrowing some money from his mother and ended up being the owner of the largest airline company in India. After the Jet Airways IPO, Naresh Goyal’s net worth was estimated by Forbes at $1.9 billion, and he was also announced as the 16th richest Indian by Forbes magazine. However, his fortune changed drastically, with the downfall of his company. Debts mounted for Jet Airways, and eventually, it not only dragged down the fortune of Naresh Goyal but also ensnared him with a list of allegations, which he still isn’t able to run free from.

    Read ahead to know the story of this man who took it from scratch to become a millionaire, and is presently under the radar of the Enforcement Directorate.

    Naresh Goyal- Biography

    Name Naresh Goyal
    DOB 29 December 1949
    Nationality Indian (NRI)
    Occupation Founder and Former Chairman of Jet Airways
    Year Active 1967–2019
    Net Worth $600 mn (2012)
    Spouse Anita Goyal
    Children Nivaan Goyal and Namrata Goyal

    Naresh Goyal – Early life, Education and Challenges
    Naresh Goyal – Family
    Naresh Goyal – Career
    Naresh Goyal – Controversy
    Naresh Goyal – Awards

    Naresh Goyal – Early life, Education and Challenges

    Naresh Goyal was born on 29 December 1949. He was born in Sangrur, Punjab. Though he was born in the house of jewellery dealer, Goyal had to face hardships since his childhood days. All of these began with his father’s sudden demise when he was still a child.

    Goyal studied in the Govt. Raj High School for Boys till his 6th standard. He, along with his family, went through a major financial crisis when he was just 11 years old. The Goyal family sustained but lost almost all the property in an action by the government and the bank, including their own house. His maternal uncle helped him during this time. He paid for his studies till his graduation. He wanted to pursue Chartered Accountancy but instead ended up doing B.Com from Govt. Bikram College of Commerce, Patiala.

    Naresh Goyal
    Naresh Goyal

    Naresh Goyal – Family

    Naresh was born into a Punjabi Hindu family, where his mother was a house-maker and his father a jewellery dealer. His father died when he was too young. He also had an elder brother, Surinder Kumar Goyal, who was the co-founder of Jet Airways, along with Naresh. Surinder was earlier the co-founder of the travel agency Jet Air, which was founded by himself and Naresh in 1974. Naresh’s elder brother also had a key role in the launch of Jet Airways. Surinder Kumar Goyal died on August 9, 2015.

    He got married to Anita Goyal, and she has been there with him right from the beginning of Jet Airways and is still sharing the fate that Naresh Goyal has been recently seeing. The couple has a daughter and a son – Namrata Goyal and Nivaan Goyal. Their daughter Namrata Goyal is a Film Producer at FilmStoc, while their son Nivaan Goyal was on the Board of directors of Jet Airways.


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    Naresh Goyal – Career

    After his graduation in 1967, he joined his uncle, Seth Charan Das Ram Lal’s travel agency, East West Agencies, as a cashier. Goyal’s starting salary was INR 300/per month.

    As soon as he completed his graduation, Naresh joined the travel business with the GSA for Lebanese International Airlines. In the period between 1967-1974, Naresh Goyal went through extensive training in his travel business while in association with numerous foreign airlines. Goyal also travelled extensively during this period.

    He was appointed as the Public Relations Manager of Iraqi Airways in 1969 because of his hard work and dedication. Goyal was eventually appointed as the Regional Manager for ALIA, Royal Jordanian Airlines in 1971 and operated in the same position till 1974. During this time, he gained experience in the areas of ticketing, reservation, and sales. He had also worked with Indian officers of Middle Eastern Airlines.

    He borrowed some money (nearly ÂŁ500) from his mother in 1974 to start up his own travel agency along with his brother and named it Jetair. His agency represented sales and marketing of airlines like Air France, Austrian Airlines, and Cathy Pacific.

    Jet Airways
    Jet Airways

    He was appointed as the Regional Manager of Philippe Airline in 1975 and handled the commercial operations of the airline in India. When the Government of India announced the Open Skies Policy in 1991, Naresh initiated an airline company, and in 1992, he transformed his agency into Jet Airways.

    Jet Airways started its operations nationwide in 1993, and by 2004, Jet Airways initiated operations of international flights. By 2010, Jet Airways was the largest air carrier in India after it acquired Air Sahara in 2007. However, it was then that troubles began to boil up for Naresh Goyal and his company, which led to Naresh Goyal stepping down from his position in March 2019.

    Naresh Goyal – Controversy

    A PIL was filed against him in the 2000s, alleging him to have links with the underworld don Dawood Ibrahim. It was said that Jet Airways was founded by Dawood but was given a clean chit by the government along with security clearance.

    He was also booked for money laundering by Enforcement Directorate (ED) under Foreign Exchange Management Act (FEMA) for his involvement in suspicious transactions involving 19+ privately held firms associated with him, and in March 2019, the ticketing agent-turned entrepreneur, Naresh Goyal, stepped down from the Board of Jet Airways, along with his wife, Anita Goyal.

    Naresh and Anita Goyal were booked on charges of cheating and a criminal breach of trust in February 2020 by the MRA Marg Police. Allegations still persist against Naresh Goyal and the CBI will likely soon file an FIR against Naresh Goyal, and his associations on the basis of the allegations against him and his close aids for defrauding banks and misappropriating the loans granted by them, as of April 2022.

    In 2019, the airline delayed payments to banks, following which the company sought an $840 million bailout from the shareholders. Then, the shareholders approved the conversion of the loan into equity.

    Finally, the lenders finalized a resolution plan for the airline, and they agreed to infuse Rs 1,500 crore in interim funding for a period of 2 months. Naresh Goyal and Anita Goyal stepped down from the board in March 2019. The airline company is all set now to resume its services soon, as per the reports of May 2022, under the ownership of Kalrock Capital and Mr. Murari Lal Jalan.


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    Naresh Goyal – Awards

    He has been the recipient of several awards throughout his lifetime.

    Awards Year
    Entrepreneur of the Year Award for Services from Ernst & Young September 2010
    Distinguished Alumni Award-2000 October 2000
    Outstanding Asian-Indian award November 2003
    Aerospace Laurels for outstanding contribution in the field of Commercial Air Transport April 2000 and February 2004
    NDTV Profit Business Award 2006 28 July 2006
    Accorded the prestigious TATA AIG – Lifetime Achievement Award 8 September 2007
    Travel Entrepreneur of the Year award at the 19th annual TTG (Travel Trade Gazette) Travel Awards 25 October 2007
    Man of the Year Award by the Aviation Press Club (APC) 9 April 2008
    Business Person of the Year award by UK Trade & Investment at the India Business Awards 2008 9 September 2008
    CNBC TV18 India Business Leader Awards 22 January 2009
    International Entrepreneurs of the Year by the readers of Asian Voice 27 February 2009
    Lifetime Achievement Award of the Year by the Travel Agents Association of India (TAAI) August 2010
    Hall of Fame honour from Hotel Investment Forum of India 2011 January 2011
    Belgium conferred the Commandeur of the Order of Leopold II, one of the country’s highest civilian distinctions November 2011
    Amity Leadership Award for Business Excellence October 2012

    Naresh, as a man, started from a humble household and got up the ladder by himself. His first salary was just Rs 300 per month. He went through a time of hard struggles and polished himself to be a fine man. He never gave up and thought big. His story inspires us to have ambition and to create our own destiny. Though he seems to be on unstable grounds now, Naresh Goyal will always stand as a father figure for the legions of entrepreneurs to come.


    Jet Airways Case Study | Jet Airways Bankruptcy and Possible Revival
    This StartupTalky post covers the Jet Airways crisis along with the latest updates on the issue.


    FAQs

    Why did Jet Airways fail?

    One of the main reasons that led to the downfall of Jet Airways is the rising debts that ensnared the company and its operations. The Chairman’s management style was also opposed by many, which, therefore, was also another reason.

    Who took over Jet Airways?

    Jet Airways went into bankruptcy in June 2019 after it failed to repay its mounting debt of $1.2 billion. Airlines like Vistara acquired 16 aircraft from the fleet of temporarily shut Jet Airways. Jet Airways is currently all set to resume its operations soon, as of May 2022.

    Who is the new owner of Jet Airways?

    Murari Lal Jalan and Kalrock Capital are the new owners of Jet Airways.

    Who is the CEO of Jet Airways?

    Sanjiv Kapoor has been named the CEO of Jet Airways.

  • Jeff Bezos: Story of The Retailing Giant

    Who doesn’t likes shopping, but to go out to a store for a handful of things is very clichĂ©. Online shopping/e-commerce is the new trend that people are really benefiting from. Consumers can find the products of their interest by visiting the website of the retailer with just a few clicks directly or by searching among alternative vendors using a shopping search engine. An online store evokes the physical analogy of purchasing products or services regularly. One of the largest online retailing companies is Amazon, founded by Mr. Jeff Bezos.

    Jeff is an American businessman, founder, and executive chairman of Amazon. Jeff Bezos is a person who has brought new reforms to the e-commerce business. He has diversified the e-commerce business into many segments with a listing of around 20 million products. He is also a big enthusiast of aerospace services, thus founded his own aerospace manufacturing company Blue Origin.

    Jeff Bezos – Biography
    Jeff Bezos – Personal Life
    Jeff Bezos – Career
    Jeff Bezos – Amazon
    Jeff Bezos – Blue Origin
    Jeff Bezos – Net Worth
    Jeff Bezos – Philanthropy
    Jeff Bezos – Awards & Recognition

    Jeff Bezos – Biography

    Born

    12th January 1964, New
    Mexico

    Citizenship

    American

    Education

    Miami Palmetto Senior High
    School(1982) &Princeton University

    Title

    Founder & Executive
    Chairman of Amazon, Founder of Blue Origin, Founder of Bezos Expeditions

    Spouse

    MacKenzie Scott (m.
    1993–2019)

    Net Worth

    $ $150.1 billion (April 2022)

    Jeff Bezos – Personal Life

    Jeff Bezos with his mother Jacklyn Bezos
    Jeff Bezos with his mother Jacklyn Bezos

    Jeff Bezoss’ aka Jeffrey Preston Jorgensen was born in New Mexico. His parents Theodore Jorgensen and Jacklyn Jorgensen were college students when they got married and completed their classes on the night shift while bringing baby Jeff along. After they got divorced, his mother married a Cuban immigrant Mike Bezos, who adopted Jeff when he was 4 years old and changed his name from Jorgensen to Bezos. Bezos was brought up in Miami and completed his schooling in the Miami Palmetto Senior High School. Jeff worked at McDonald’s as a short-order line cook during the breakfast shift, when he was in high school.

    Jeff graduated from Princeton University in 1986 with a bachelor’s degree in electrical engineering and computer science. After Bezos completed college, he started working for Filtel, a telecommunication company tasked with building a network for international trade. There in 1992, he met MacKenzie Tuttle, who was a novelist and the two fell in love, and got married the next year. They both moved to Seattle in 1994 where Jeff Bezos founded Amazon.

    Jeff Bezos – Career

    In the early stage after graduation, Bezos was offered jobs from Intel, Bell Labs, and Andersen Consulting. Bezos started his career working with Fitel, a company that built networks for international trade. During that period, he was promoted to head of development and director of customer service. Jeff became a product manager at Bankers Trust, and that is when he switched into the banking business. He worked there from 1988 to 1990. During the mid-1990 he shifted to D.E. Shaw & Co. a hedge fund dealing with mathematical modelling. He worked there till 1994, in the duration he was the fourth senior vice president of the company. On 5th July 1994, a phenomenon struck in Bezos garage and he created Amazon. Bezos called his new firm Cadabra at first but subsequently changed it to Amazon in honor of the Amazon River in South America. His passion for aviation and aerospace crafts never waned as Amazon’s retail company grew. He explored different opportunities and by the year 2000, he started his own company Blue Origin, which is an aerospace manufacturing and suborbital spaceflight services company.

    The Blue Origin-launched New Shepard vehicle reached space in 2015, and also landed successfully back on the Earth. Bezos also bought The Washington Post, the major American newspaper, in 2013 for $250 million. He also owns a venture capital firm, Bezos Expeditions, through which it manages many other investments. Bezos co-founded biotechnology company Altos Labs with Yuri Milner, the founder of Mail.ru, in September 2021.

    Jeff Bezos – Amazon

    Jeff Bezos- Amazon, Founder
    Jeff Bezos- Amazon, Founder

    Amazon was established as an online bookstore. He started Amazon with an initial investment of $300,000 which he took from his parents. Although Amazon began as an online bookshop, Bezos had always intended to extend the company’s offerings to various other product categories. Three years after Bezos launched the IPO of Amazon and listed the company. After the expansion in 1998, Bezos diversified into the online sale of music and video, and by the end of the year, he had expanded the company’s products to include a variety of other consumer goods. Amazon was running well and Bezos needed funds, thus he borrowed $2 Billion from American Banks and launched Amazon Web services, which was a big failure. Huge losses were incurred at that time. Taking a rebound in 2003 from the instability Amazon turned a profit of $400 million in the financial year. After a great research Amazon launched Kindle in 2007 which was an e-book reader device that was similar to a video game device. By the year 2013, Amazon was recognized as the largest shopping retailer in the world. With this great success, Jeff was featured in the Forbes list of richest people in the world, and on 27th July 2017, Bezos became the world’s wealthiest person over Microsoft co-founder Bill Gates when his estimated net worth increased to just over $90 billion. On November 24, 2017, his net worth topped $100 billion for the first time, and on March 6, 2018, Forbes named him the world’s wealthiest person, with a net worth of $112 billion. Jeff Bezos stepped down as CEO of Amazon on July 5, 2021, after exactly 27 years of founding it. His net worth is currently estimated at $150.1 bn, as of April 2022.


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    Jeff Bezos – Blue Origin

    Jeff Bezos- Blue Origin, Founder | Space Travel Startup
    Jeff Bezos- Blue Origin, Founder | Space Travel Startup 

    In 2000, Bezos founded the company Blue Origin, a human space flight startup. Bezos always had an interest in space travel and development on other planets for the livelihood of the human race. Blue Origin had a quiet profile after its creation until 2006 when it bought a huge plot of land in West Texas for a launch and test site. Following the company’s rise to prominence in the late 2000s, Bezos expressed an interest in lowering the expense of human space flight while simultaneously improving the safety of extra-terrestrial travel. During a short-hop test flight in September 2011, one of the company’s unmanned prototype vehicles crashed. Despite the fact that the disaster was seen as a setback, news sources emphasized how far the business had progressed in spaceflight since its inception. Bezos has been superstitiously wearing his “lucky” Texas Cowboy boots to all rocket launches since the accident.

    Bezos met with Virgin Galactic chairman Richard Branson in May 2013 to explore commercial spaceflight prospects and tactics. He has been compared to Branson and Elon Musk as all three are billionaires who prioritize spaceflight among their business interests.

    Jeff Bezos took a flight into space on his own rocket made by Blue Origin on July 20, 2021, thereby becoming the second billionaire to fly into space in the same month. The crew of his spaceflight also included his brother. Blue origin has also focused on starting a suborbital tourism business in the future.

    Jeff Bezos – Net Worth

    Bezos was one of the youngest billionaires of America. He became a millionaire in 1997 when he launched the first IPO of his company Amazon which gave a revenue of $54 million. He was first included in the Forbes World’s billionaires list in 1999 with a net worth of $10.1 billion. After the economic recession, his wealth decreased by 17.7%. By 2010, he had risen from 68th place to 43rd place thanks to the % improvement. After the great success of Amazon and boom in the market, Bezos in 2015, rose to be the 5th richest person in the world. After some increases in Amazon’s stock price, he surpassed Microsoft co-founder Bill Gates as the world’s wealthiest person in July 2017. At present (April 2022), Jeff Bezos is the third richest man in the world with a total wealth of $150.1 bn. He was dropped to the second position in 2021 when Elon Musk became the richest man, and eventually dropped another ranking.

    Jeff Bezos – Philanthropy

    Bezos being a successful businessman, is a great philanthropist too. He has donated much of his income to the needful people of America. Bezos and his family first donated $15 million to his alma mater, Princeton University. He then pledged $35 million to the Fred Hutchinson Cancer Research Center in Seattle. Then in 2013, he pledged $500,000 to World reader, a non-profit founded by a former Amazon employee. Bezos in 2017, gave $ 1 million to the press community, and a year later he tweeted that he will donate $2 billion to a fund deal to the American homeless to establish non-profit schools.

    In September 2018, Amazon CEO Jeff Bezos and his wife MacKenzie Bezos announced a philanthropic fund of $2 billion to carry out both the initiatives, which he called Bezos Day 1 Fund. Behind this fund will be two groups – the Day 1 Family Fund and the Day 1 Academies Fund. Jeff Bezos plans to help homeless families and create preschool education in low-income areas.

    “MacKenzie and I share a belief in the potential for hard work from anyone to serve others. We all have that capacity,” Jeff Bezos wrote on Twitter.

    The world’s richest man then, with an estimated wealth of over $150 billion, Jeff Bezos planned to create a network of non-profit preschools for students who belong to low-income communities. Additionally, Bezos hopes to help the existing non-profit organizations to tackle the homeless crisis by making food and shelter accessible to the homeless destitute.

    The Day1 Family Fund will cater to homeless households by providing the existing organizations, performing the “needle-moving work”, with a yearly allowance. On the other hand, the Day1 Academies Fund will administer the launching and operating of a network of top-quality, Montessori-inspired preschools offering full scholarships to the student.

    “We’ll use the same set of principles that have driven Amazon. Most important among those will be genuine, intense customer obsession. The child will be the customer,” wrote the tech mogul on a notice posted on his Twitter handle.

    This development was unveiled after a year the Amazon founder posted on Twitter urging his 222,000 followers for suggestions on philanthropic offerings that would address urgent needs and also have a lasting impact on society. In less than six hours after his request on the networking site, there were more than 3,600 replies, suggesting contributions to affordable housing, improvement in healthcare facilities, veterans’ organizations and LGBT causes, etc.

    He’s been donating billions of dollars and a study denotes that Jeff in a current situation donates approximately 25% of his income to many NGOs and centres that help the poor and the people in need. In April 2020, early in the COVID-19 pandemic, Bezos donated $100 million to food banks through Feeding America.


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    Jeff Bezos – Awards & Recognition

    • In 1999, Bezos received his first major award when Time named him Person of the Year.
    • In 2008, he was selected by U.S. News & World Report as one of America’s best leaders.
    • Bezos was awarded an honorary doctorate in science and technology from Carnegie Mellon University in 2008.
    • In 2011, The Economist gave Bezos and Gregg Zehr an Innovation Award for the Amazon Kindle.
    • In 2012, Bezos was named Businessperson of the Year by Fortune.
    • He is also a member of the Bilderberg Group and attended the 2011 Bilderberg conference in St. Moritz, Switzerland, and the 2013 conference in Watford, Hertfordshire, England. He was a member of the Executive Committee of The Business Council in 2011 and 2012.
    • 2014 – 2018, he was ranked as the best-performing CEO in the world by Harvard Business Review.
    • He has also been featured in Fortune’s list of 50 great leaders of the world for three straight years, topping the list in 2015.
    • In February 2018, Bezos was elected by the National Academy of Engineering for “leadership and innovation in space exploration, autonomous systems, and building a commercial pathway for human space flight”.
    • In March 2018, at the Explorers Club annual dinner, he was awarded the Buzz Aldrin Space Exploration Award in recognition of his work with Blue Origin.

    FAQs

    What is the full name of Jeff Bezos?

    The full name of Jeff Bezos is Jeffrey Preston Bezos.

    How old is Jeff Bezos?

    He was born on 12 January 1964. He is 58 years old (2022).

    How did Jeff Bezos start Amazon?

    Jeff Bezos has started Amazon as an online bookstore.

    How old was Jeff Bezos when he became a billionaire?

    He became a billionaire in 1999 when he was 35 years old.

    What is Jeff Bezos’ net worth?

    He has a net worth of $150.1 Billion (April 2022).

  • Kevin Systrom Success Story – How he Built Instagram from Scratch?

    The social media segment continues to develop at an exponential rate with mind-boggling advancements being announced every other day. The first decade of the 21st century saw the emergence of Facebook, Twitter, Hike, and Snap Inc.

    While everyone was busy with Facebook and Twitter, Instagram—a photo and video sharing application—was establishing a league of its own. The credit for Instagram’s existence goes to Kevin Systrom.

    Kevin Systrom – About
    Kevin Systrom – Education
    Kevin Systrom – Career
    Kevin Systrom – How He Built Instagram From Scratch with Mike Krieger?
    Kevin Systrom – Facebook Instagram Acquisition

    Kevin Systrom – About

    Kevin Systrom is the founder and former CEO of Instagram. Instagram is a photo and video sharing social media application. He is known as the reason behind Instagram’s success. Instagram gained 800 million monthly users in 2017 under his leadership.

    Kevin Systrom was born on December 30 1983 in Holliston, Massachusetts. He developed a love for computers during his days at school. Kevin began creating programs for fun and usually pranked his friends by hacking their AOL Instant Messenger accounts. AOL was a popular instant messaging platform in the 1990s.

    Kevin as a school going kid wanted to become a Disc Jockey, and used to pester Boston Beat—an old-school, vinyl-record store—by writing them emails and expressing his willingness to work for them. After a few weeks of hustling, he was given a part-time job for a few hours each week.

    Kevin Systrom – Education

    Kevin applied to Stanford University to pursue undergrad studies. At that time, Stanford University was well known for its deep ties with Silicon Valley. He initially enrolled in the Computer Science department, but later jumped to the Management Science and Engineering Program.

    Kevin’s inclination for subjects with more practical coursework was the reason behind this shift. He was one of the twelve students who were selected to participate in the prestigious Mayfield Fellows Program at Stanford University.

    Kevin Systrom – Career

    Odeo

    Mayfield Fellows Program paved way for a four-month internship at Odeo Inc in June 2005. Odeo Inc was a platform that gave its users an easy way to record and share podcasts.

    Odeo Website
    Odeo Website

    Kevin worked as a Technical and Business intern and also contributed to the creation of the Odeo Widget. Kevin’s work ethic and brilliance compelled Mark Zuckerberg to offer him a job, but Kevin declined as he was still an undergraduate.

    Kevin Systrom with Mark Zuckerberg
    Kevin Systrom with Mark Zuckerberg

    Google

    After completing his graduation, he went on to work with Google in 2006. He began as an Associate Product Marketing Manager and worked on Gmail, Google Calendar, Docs, and many other offerings. He soon shifted to the Corporate Development Team.

    NextStop

    The desire to work in the social media space prompted him to join a startup named Nextstop. NextStop was a social travel recommendation platform. He was hired as a product manager. This company was created by former Google employees. By virtue of Nextstop, he was able to devote time to coding and creating app-style programs.

    While working at Nextstop, he realized his future lay in entrepreneurship. As a photography fanatic, he wanted to create a platform for users to share their pictures and videos. Kevin began working on the idea.


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    Kevin Systrom – How He Built Instagram From Scratch with Mike Krieger?

    Kevin wanted to combine the ideas of Foursquare and Flickr. The result was a location-based photography sharing platform. He named it Burbn. To spread the idea amongst his acquaintances, he presented his work to Baseline Venture and Andreessen Horowitz in 2010. Thereafter, he decided to quit his job and solely focus on the development of his newly created prototype.

    The Burbn concept was approved and appreciated by both Baseline Venture and Andreessen Horowitz; within two weeks, he received 500,000 USD for seed funding. He hired Mike Krieger as the cofounder of his company. Mike Krieger was so impressed by the prototype that he left his own startup.

    Kevin Systrom and Mike Krieger
    Kevin Systrom and Mike Krieger

    Kevin Systrom and Mike Krieger successfully created Burbn from HTML 5 check-in service. This product allowed users to make plans, post pictures, and hang out with friends.

    Burbn App
    Burbn App

    While he was chilling out at the beach with his fiancée (now Wife) Nicole Schuetz, she told him that she would never use his app for its lack of filters. This conversation with Nicole inspired him to launch filters in Burbn.

    Kevin Systrom with his wife Nicole Schuetz
    Kevin Systrom with his wife Nicole Schuetz

    The app was remodelled extensively. This app was available for iPhone 4 users. The reason was iPhone’s popularity and the high-quality camera with Holga-inspired lenses. These features ensured high-quality pictures. The co-founders started to work on further developments. After eight weeks, they launched Instagram on 6th October 2010.

    After the launch, Kevin tweeted about a new member of the social media circuit. This was followed by press coverage and within two hours, the servers came down because they received too much traffic.

    To keep Instagram afloat, they worked all night and later improved their server system by providing adequate backup and failover mechanisms. Within the first 24 hours, about 25,000 people had signed up for Instagram.

    The first photo on Instagram was posted by the founder Kevin Systrom himself on July 16, 2010. The post has 292k Likes and 70.9k comments as of March 2022.

    Kevin Systrom First Photo on Instagram
    Kevin Systrom First Photo on Instagram

    Instagram had about 7 million users within nine months. Some of the most popular celebrities on Instagram today are Kylie Jenner, Selena Gomez, Kim Kardashian, Justin Beiber, Jenifer Lopez, Rihanna and Beyonce.

    Kevin Systrom – Facebook Instagram Acquisition

    A lot of users had stopped using Facebook, and Mark Zuckerberg proposed Kevin for the unification of both apps. Much to his surprise, Kevin received offers from Jack Dorsey and Ali Rowghani. They wanted to buy Instagram for around 500 million USD. Besides this offer, Kevin was offered support from Sequoia Capital.

    Initially, Kevin wanted to maintain Instagram as an individual entity. But after an offer of 1 Billion USD from Facebook, Kevin allowed Facebook to acquire Instagram in 2012. The deal was made on the terms that Instagram would function as an independent company.

    In the following years, Instagram had over 300 million active users per month which increased to 400 million users in 2015. Instagram is also well known for introducing Boomerang, an app where users can shoot a one-second burst of five photos.

    In 2018, Kevin Systrom, founder & CEO of Instagram and Mike Krieger co-founder & CTO of Instagram announced that they are stepping down. Adam Mosseri is the current CEO of Instagram, he took charge after Kevin and Mike left the company. The net worth of Kevin Systrom is $1.7 billion as of 2022.

    Conclusion

    With a valuation of over $100 billion, Instagram is one of the most valuable companies in the world. Kevin’s idea to change the concept of photo sharing became a trendsetter. A successful entrepreneur indeed!


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    FAQs

    Who is the founder of Instagram?

    Kevin Systrom is the founder of Instagram. He launched Instagram on 6th October 2010.

    Who is the owner of Instagram?

    Meta Platforms (Previously Facebook) acquired Instagram in $1 billion in 2012. Instagram was founded by Kevin Systron and Mike Krieger in 2010.

    Who is the co-founder of Instagram?

    Mike Krieger is the co-founder of Instagram.

    Who is the CEO of Instagram?

    Adam Mosseri is the current CEO of Instagram. He took charge when Kevin Systron and Mike Krieger left the company in 2018.

  • Sandeep Tandon: A Technology Entrepreneur/Investor and Co-founder of FreeCharge

    Sandeep Tandon is a technology entrepreneur, investor, and mentor for the startups and entrepreneurs of today. Tandon is widely recognized as the Co-founder of one of India’s first mobile payment platforms FreeCharge, along with Kunal Shah, which was sold to Snapdeal in March 2015 and was eventually acquired by Axis Bank in 2017. He currently serves as the Managing Director of Tandon Group, a technology catalyst that owns numerous businesses by providing resources to startup companies in India and North America, along with being a Board Member and Executive Chairman of a number of other companies.

    Tandon is an active Angel Investor and aids as a mentor to several technology startups. He has served the technology industry for more than 20 years now. He holds a net worth of over Rs.11.5 crore, as of 30 September 2020.

    Sandeep Tandon- Biography  

    Name Sandeep Tandon
    Born 17 May, 1969
    Birthplace Mumbai, Maharashtra, India
    Age 52 (2021)
    Nationality Indian
    Education University of Southern California
    Profession Entrepreneur, Venture Capitalist, Investor
    Position Co-founder, FreeCharge , Board Member, CRED
    Net worth Rs 11.5 crore ( 30 September 2020 )

    Sandeep Tandon- Early Life
    Sandeep Tandon- Career
    Sandeep Tandon- Personal Life
    Sandeep Tandon- Professional Life
    Sandeep Tandon- FreeCharge
    Sandeep Tandon- Tandon Group
    Sandeep Tandon- Board of Director
    Sandeep Tandon- Angel Investor

    Sandeep Tandon- Early Life

    Sandeep Tandon & Kunal Shah | FreeCharge Founders
    Sandeep Tandon & Kunal Shah | FreeCharge Founders

    Sandeep Tandon was born and brought up in Mumbai, Maharashtra, India. His career graph ran across California and Mumbai. After completing his graduation, Tandon initially started with a Los Angeles startup firm, which he eventually resigned from in order to set up his own accounts payable company.

    Sandeep Tandon- Career

    Sandeep Tandon completed his formal education from Bombay Scottish. He further pursued the Bachelors and Masters of Science in Electrical Engineering from the University of Southern California.

    He has a connection with Harvard University, where he served as the Owner President Manager- YPO Presidents Seminar and studied Business Administration and Management (2008 to 2017).

    Sandeep Tandon- Personal Life

    Sandeep Tandon currently resides in Mumbai with his family, and frequently mentors future leaders.


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    Sandeep Tandon- Professional Life

    After completing his education, Sandeep worked as an application engineer for a Los Angeles startup. Soon, he left the startup to launch his own accounts payable company, IQBackOffice. However, he sold his company in the year 2000 and then decided to return to India to work for Celetronix.

    He examined the operations of Celetronix India until 2006 when it was sold to Jabil Circuits. He eventually served as the Chairman of the Electronics Software Export Promotion Council (ESC). Moreover, he is also a Member of Young President Organisation (Mumbai Chapter). In 2010, he co-founded FreeCharge, which became India’s fastest-growing mobile payment app. FreeCharge initially was started as an Indian financial services platform that enabled the users to pay their phone bills and other utility bills from their mobile devices and was gradually transformed into an eCommerce platform, here Tandon had a huge contribution for sure.

    After the acquisition of FreeCharge, Sandeep Tandon served as the Non-Executive Chairman of AAVAS Financiers since 27 July 2017. FreeCharge, which was built by Sandeep Tandon and CRED Founder, Kunal Shah, was sold to Snapdeal for a whopping $400 mn in 2015, which is easily one of the largest deals to date in the consumer internet space. This utility bill payment company was again acquired by Axis Bank on July 27, 2017, in a deal worth $60 mn.

    He is currently serving several key leadership designations at once. He is presently an Executive Board Member at Infinx Healthcare, a software that provides patient access and revenue cycle management for healthcare providers; the Executive Chairman of Syrma Technology, an electronics manufacturing service provider. He is also a Member of the Board of Advisors at USC Viterbi School of Engineering, IIFL Investment Managers, and Iron Pillar. Along with this, Tandon has also the Chairman Of The Board at Aavas Financiers Ltd and an investing partner of Whiteboard Capital since January 2018.

    He is the Managing Director at Tandon Group, through which he examines a bunch of companies and works as an Angel Investor providing funding for startup ventures. Besides, Tandon is still serving as a Board Member at CRED.  


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    Sandeep Tandon- FreeCharge

    FreeCharge Logo

    Sandeep Tandon co-founded FreeCharge in August 2010 with Kunal Shah. The company was headquartered in Gurugram, India. The users having pre-paid phones can purchase minutes through the FreeCharge app or website. It basically initiated the transformation of purchasing minutes from their own device instead of buying minutes from the store.

    He also co-founded Accelyst Solutions Private Limited. FreeCharge is founded by its parent company, Accelyst Solutions, where Sandeep has been serving as the Chief Business Officer since 1 September 2015. The company offers a varied range of online recharge services to prepaid mobile, DTH, and data card operators.

    Tandon continued to transform FreeCharge into an e-commerce venture and it operates in India. However, the company was acquired by Snapdeal in India’s largest M&A internet deal in March 2015.

    Founder of Freecharge at Tech Sparks

    Sandeep Tandon- Tandon Group

    Sandeep as the Managing Director examines the operations of Tandon Technology Ventures (Tandon Group). Through his venture, he oversees the strategy to fund startup companies as an Angel Investor. The company was founded in 1978 and is headquartered in Mumbai and Silicon Valley.

    Subsidiaries of Tandon Group
    Syrma Technology Private Limited
    TIS International (USA)
    TIS-BPO
    Tancom Electronics Private Limited
    Tandon Information Solutions Private Limited
    Tovya Automation Private Limited
    Tandon Advance Devices Private Limited

    Sandeep Tandon- Board of Director

    Sandeep serves as the Member of the Board of Directors at various companies. He is a Member of the Board of Advisors at USC Viterbi School of Engineering since March 2014.

    He is also a Member of the Board of Advisors of a Seed fund, IIFL Investment Managers, and Iron Pillar since January 2017. He became the Member Board of Directors at CRED in October 2018 and is presently still aligned with the firm.

    Sandeep Tandon- Angel Investor

    Sandeep has made 21 investments to date. His investment in the Seed Round of indiagold is the most recent one that came in on February 27, 2021.

    He invested in an Angel Round- Genius Teacher on 19 October 2020 followed by another investment on February 25, 2021, after which came the investment in indiagold. He has raised funding of $2 million for Genius Teacher. The same day, he raised $6 million in seed funding for a venture named Dukaan.

    He has raised $10 million for Atomberg Technology on 4 September 2019. Another organization, Progcap received funding of $5 million on 31 July 2019.

    On 6 June 2017, Spinny got funding of $1 million. Unacademy received Series A funding of $4.5 million on 13 January 2017. Pocket Aces was bestowed with a funding of $3 million on 15 December 2016. Bharat Bazaar was funded as well on 4 October 2016.

    Here’s a look at some of the recent investments made by Sandeep Tandon:

    Investment Date Name of the Company Name of the Funding Rounds
    February 27, 2021 indiagold Seed Round
    February 25, 2021 Raise Financial Services Seed Round
    October 19, 2020 Genius Teacher Angel Round
    October 19, 2020 Dukaan Seed Round
    September 4, 2019 Atomberg Technology Series A
    July 31, 2019 Progcap Series A
    June 6, 2017 Spinny Seed Round
    January 13, 2017 Unacademy Series A
    December 15, 2016 Pocket Aces Series A
    October 14, 2016 Bharat Bazaar Seed Round

    Sandeep Tandon- FAQs

    What is FreeCharge app?

    FreeCharge is one of India’s leading payments app. Consumers can use it for making postpaid, prepaid, metro recharge, DTH, and other utility payments across the country.

    Is FreeCharge Indian app?

    Yes, it’s an Indian app.

    Is FreeCharge safe?

    Yes, Freecharge is quite safe to use. This online recharge and bill payments platform is now owned by Axis Bank.

    What is Sandeep Tandon’s Net Worth?

    Sandeep Tandon had a net worth of Rs 11.5 Crore when estimated in 2020.

  • CarryMinati Success Story – The Inspiring Journey of Popular Youtuber

    There would be no YouTube user in India who has not heard about CarryMinati also known as Ajey Nagar. Winning the hearts of over 30 million subscribers and taking YouTube through a sensation, this young man has shown there is nothing impossible. CarryMinati is a popular Indian YouTuber who creates comedy roasts and rant videos.

    All you have to do is to be yourself and keep working. He believes that success lies with people who are themselves and those who never try to copy anyone. This may sound like the simplest and yet the most difficult task, but this is the only thing that you need to do.

    No education and no pressure can help you realize what you truly are, but only an honest self-reflection. The life of this school dropout turned YouTuber is truly a testament to the notion of being yourself.

    CarryMinati – Biography

    Name Ajey Nagar
    Popularly known as CarryMinati
    Born 12th June 1999
    Nationality Indian
    Education 12th Standard
    Profession YouTuber

    Carry Minati – Life Story
    Carry Minati – First Steps in YouTube
    Carry Minati – On to Roasting
    Carry Minati – The Story Behind the Name
    Carry Minati – Controversies
    Carry Minati – Achievements
    Carry Minati – The Success Mantra

    Carry Minati – Life Story

    Ajey Nagar popularly known as CarryMinati was born in Faridabad, India on 12 June 1999. He studied at Delhi Public School (DPS) Faridabad until 2016 before he dropped out of school. He has even skipped his board exams fearing that he will even pass his economics exam.

    CarryMinati wanted to be a YouTuber from a very young age and he started his YouTube career in 2014 when he was at the age of 10. In 2014 his channel’s name was AddictedA1 and then he changed it to CarryMinati.

    He says that he had planned to discontinue studies if he reaches 50 thousand subscribers by the time he finished 12th standard and he did exactly what he said. Only that the reason he quit was not because of the number of followers he had.

    He was really confident with what he wanted. Hence, convincing his parents to let him do what he wanted was more of a gradual step than a difficult one. He managed to get a good computer and a room for shooting his video. He informed them about his plan to be a full-time YouTuber when he hit 100k subscribers. His dedication and passion for his work have already moved his parents and they allowed him to pursue his dream.

    Carry Minati – First Steps in YouTube

    People know him for what he is today. But very few know the struggle behind it.

    He uploaded his first YouTube video first in 2010 at the age of 10. He started by posting tricks and tutorials related to football and computer but did not gain much popularity. He hardly got 150-200 views per video.

    But he did not give up and he gradually moved on to mimicry. He started afresh in 2014 and started his first channel in the name of “Addicted A1”, a name which he thought was very cool at that time. Just like any urban teenage boy, he was also a gamer. And he uploaded gaming videos with his reactions to them.

    Due to a lack of knowledge about content creation and engagement, those videos didn’t garner much of an audience. Not only that, he started getting bored. Upon his decision to move on to better content, he started the YouTube channel CarryDeol, uploading Counter Strike: Global Offensive gameplay and mimicking Sunny Deol’s voice. Even after that he hardly used to get 2k-3k views.

    It fared way better than his older videos. His content was different but still was within the gaming field. People who are in the Counter Strike community really liked his work. He was able to engage with the audience as well.

    Carry Minati – On to Roasting

    As an impulsive teenage boy, neither did Ajey Nagar has the patience to keep doing what he was doing. That is when he realized his knack for giving appropriate reactions and roasting.

    He then once made a video roasting the channel BB ki vines(Bhuvan Bam) and gained instant popularity. Within just a week his views increased to some lakhs. After which he finally changed the channel’s name to CarryMinati. He used this channel to upload roasting videos and reaction videos. After that, he gained over 24.7 million subscribers in just 6 years.

    One of the videos that really helped to hike up his channel, is the video against the Swedish YouTuber, PewDiePie. It was a diss track made by him against a particular video of PewDiePie. And when the former YouTuber made a video about Indians and their broken English, CarryMinati made a video against him titled “BYE PEWDIEPIE”. His unorthodox way of showing patriotism is one of the many reasons behind his success.

    After that, he started mainly making reaction videos and roasting videos. The videos that have boosted CarryMinati’s popularity include some roast and rant videos in Hindi, delivered in his unique style. From making fun of Bollywood award shows, taking a jibe at the popular TV reality show Bigg Boss roasting celebrities, and sharing his views on trending topics, CarryMinati did everything to gain popularity on YouTube.

    In all these years he always stuck to Hindi, even after collaborating with some Hollywood celebrities. He was the only Indian Youtuber to collaborate with Tom Cruise and Henry Cavill for Mission impossible 6. He has also done a video with Allan Walker on his gaming channel CarryisLive. Ajey strongly believed to use Hindi for the sense of patriotism.


    Bhuvan Bam – The First Indian to Set Foot on 10 Million Subscribers in YouTube
    When it comes to being successful in life, your scores in school and college donot matter. All that matters is your will to persevere and grow against all theodds. It is the very reason why you see many people doing great in life eventhough they were drop outs. Like Mark Zuckerberg, Bill Gates, S



    Carry Minati – The Story Behind the Name

    Many people think that there is a big story behind the name CarryMinati. Actually not. He says it was just a name he thought was cool. When he named his channel CarryDeol, he used to mimic people and actors like Sunny Deol. He also used to troll people during the Counter Strike Game. Later when he switched to roasting, he just felt that the name was not apt anymore. And the word CarryMinati was a creation of his own mind. To be something cool and nice. That resulted in this popular name.

    Carry Minati – Controversies

    His life had its own shares of controversies as well. His YouTube video titled “YouTube v/s TikTok” went viral in 2020. It had content that roasted a TikTok star named Amir Siddiqui. The roasting was very personal which included trolling him for his grammatical mistakes.

    Many people felt that the way he roasted was not right. Soon, YouTube removed this controversial video for violating its policies which again led to another row demanding justice for CarryMinati. The same hashtag had gone viral during that time.

    This did not stop the talented YouTuber. He continued to make new content and grow. He is very conscious about the responsibility he has towards his audience and he takes care not to create any kind of bad influence on his audience through his video.

    Carry Minati – Achievements

    2019 – Time’s 10 Next Generation Leaders #10.

    His growth over the years was tremendous. He was one among the Top 10 Next Generation Leaders by the Times Magazine. Today he has a silver, gold and diamond button for his channel.

    2020 – Forbes 30 Under 30 Asia.

    In 2020, he was one among the Forbes 30 Under 30. Moreover, he continues to win laurels for his dialogue delivery, content creation and striking Hindi accent. Today, his YouTube family has over 30 million subscribers which is an unimaginable achievement for many.

    He also met Popular American actor Tom Cruise in one of his videos to promote the latest instalment of the Mission: Impossible series.

    Carry Minati with Tom Cruise
    Carry Minati with Tom Cruise

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    Carry Minati – The Success Mantra

    On a platform like YouTube, you never know what will get attention and when. One thing that you have to do is to keep working and be patient. Ajey Nagar says that you should not expect success overnight. It does not happen in a few days.

    The most important thing is to be as engaging as possible. One should also ensure that there is constant growth even in small ways. Even that counts. As far as CarryMinati is concerned, he has evolved from gaming videos to reactions, roasting, skits, and even music albums.

    Conclusion

    The first thing you need to be is you. This is one thing that Ajey Nagar aka CarryMinati says out loud throughout his own life. Every person will have one field in which they are passionate. You have to identify your niche and develop upon it and the rest will follow.

    More than the number of followers or the money you make, it is the satisfaction you have and the passion you have for what you do which is important. People like CarryMinati will continue to be dazzling examples of the glory that sheer passion will bring.

    FAQ

    When did CarryMinati start YouTube?

    Carry Minati started his YouTube journey in 2014.

    Who is CarryMinati?

    CarryMinati is also known as Ajey Nagar is a popular YouTuber and streamer that creates comedy roast videos.

    At what age did CarryMinati start YouTube?

    CarryMinati started his YouTube journey when he was just 10.

    Where is CarryMinati from?

    CarryMinati was born in Faridabad, India.

    Where did CarryMinat study?

    CarryMinati studied in Delhi Public School Faridabad until 2016 before he dropped out of school.

    What is the net worth of CarryMinati?

    The net worth of CarryMinati is estimated to be around $4 Million.

    What is the age of CarryMinati?

    CarryMinati was born in June 1999 and is 22 years old.

  • Startup Funded by Bhuvan Bam

    The digital creators’ industry is booming these days. In India, digital creators have now become as popular as Bollywood stars.

    This industry is booming and budding at the same time. It offers such a huge platform that makes ordinary people believe that they too can create a place for themselves.

    Many people started entering the digital space just for fun. But when they began to realize the potential and opportunities of it, there was no looking back then.

    There are creators who started creating content from scratch and now are ruling the space. For example- Bhuvan Bam, Prajakta Kohli, Ranveer Allahabadia, and many more.

    Bhuvan Bam is an independent YouTuber, who has played so many characters for his channel. He is not just a Youtuber anymore, he is now an actor, singer, and songwriter as well.

    Now, this young digital star has started to look for opportunities in entrepreneurship. He has taken his first step by investing in a new-age startup, HYPD Technologies.

    About Bhuvan Bam
    Bhuvan Bam’s YouTube Channel – BB Ki Vines
    Bhuvan Bam’s New Venture – The BB ki Vines Pvt. Ltd.
    Bhuvan Bam’s Funding in HYPD Technologies Pvt. Ltd.

    About Bhuvan Bam

    The popular YouTuber was born in the year 1994 in Gujarat. He has completed his graduation with a Bachelor of Arts (History) from Delhi University. His entrance into the digital space was not planned. It just happened and he decided to go with the flow.

    He once made a video, posted it, and it went viral. It was this moment that sowed the seed of content creation in his mind. In the year 2015, Bam started his YouTube channel. He named the channel, ‘BB Ki Vines’.

    Bam is also super passionate about singing. He even took classical singing training for some time. Before taking up YouTube full-time, he used to sing at restaurants and bars.

    Bhuvan Bam’s YouTube Channel – BB Ki Vines

    This channel is now known to almost the entire Indian audience. He used to make videos on Facebook before entering the world of YouTube.

    He once made a sarcastic video about a reporter during the Kashmir floods, posted it, and it went viral. It was this moment that sowed the seed of content creation in his mind. In the year 2015, Bam started his YouTube channel. He named the channel, ‘BB Ki Vines’.

    After that, he kept posting new funny videos and started playing different characters. He has played around fifteen characters like Titu mama, Hola, and more.

    In a time of less than a year, his witty characters and relatable comedy made him the first YouTuber in India to get two million subscribers. In 2016, he got an invitation from WebTvAsia awards, Seoul. There he received an award for the most popular channel in India.

    He has always had a keen interest in singing and song writing. So, he released many music videos as well. This talent of his is also appreciated and loved by his fans.

    Following his passion and creating a digital career, this young start has never looked back and is going forward only.

    Bhuvan Bam’s New Venture – The BB ki Vines Pvt. Ltd.

    Bhuvan Bam, along with a creator is also an actor. He has worked in short web series like Plus Minus. Last year, he made his own series named ‘Dhindora’. He played all his characters in the show which he released on YouTube.

    He produced ‘Dhindora’ and started BB Ki Vines Productions with it. With this production house, Bam plans to explore different genres of acting along with comedy. He also plans to hire new talent for writing as well as acting to scale up his productions to new heights.

    With the start of this production house, Bam is beginning to expand in the field of business as well.

    Bhuvan Bam’s Dhindhora

    Bhuvan Bam’s Funding in HYPD Technologies Pvt. Ltd.

    From YouTube video making to singing to acting to opening a production house, Bam is now getting ready to enter the field of business and investments. Investing in early-age startups is getting popular by the day. So, like certain other digital stars like Tanmay Bhatt, Ranveer Allahabadia, even Bhuvan has decided to dip his hands in it.

    Bam is quite new to this and not indulged in many startup investments like some other creators. He has just started and has funded one startup yet. It is HYPD.

    HYPD Technologies Private Limited

    It is a platform for creators, started in the year 2020. This platform allows digital creators to launch their multi-brand stores in just thirty seconds.

    HYPD Technologies Private Limited is a private company. It is based in New Delhi. Ashwarya Garg and Akshay Bhatnagar are the founders.

    The platform offers a creator’s kit. This involves three things. The first is, ‘Create’. This allows the creators to create their own customizable store that hosts their product collection and curated content.

    The second one is ‘Share’. With this, the creators can share their store links with ease and engage directly with their audience. The third is, ‘Earn’. It means as a creator, you can earn direct profits from the brands, which is only enjoyed by the marketplaces till now.

    This makes the process, easy, direct, and transparent. A creator can curate their content and recommendation, all in one place. The followers can shop from creators’ own stores and the creators can enjoy direct profits from there.

    The platform offers an opportunity to the creators to create a sustainable source of income for themselves. In this wise, helps the creators to become creator-preneurs.

    Many creators have already started their journey towards creator-preneurship. For example – Lavisha Arora, Prashant Shekhawat, Chitwan Garg, etc.

    The startup in fact aims to build an Instagrammable Shopify for creators. In short, it enables the creators to turn their content into multi-brand stores.

    This is one of the new-age startups that is catching the eyes of digital creators for investment. Bhuvan Bam believed in the idea and decided to fund this startup.

    He shares the funding in this with other digital stars like Tanmay Bhatt, Ranveer Allahabadia, Dhvani Bhanushali, etc.


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    Conclusion

    Bhuvan Bam is an independent digital content creator who has come so far and created a huge name for himself. Started with video creation on Facebook then a YouTuber, a songwriter, singer, actor, and whatnot.

    He has also started his own production house. Now, the YouTuber has decided to explore the space of startup funding. So, he has taken his first dip as an investor in HYPD. This young content creator turned investor has left no field to flourish.

    FAQs

    Is Bhuvan Bam doing a movie?

    Bhuvan Bam is doing a web series Dhindhora, which is directed by Himank Gaur and produced by Rohit Raj.

    How much does Bhuvan Bam earn?

    Bhuvan Bam’s Net Worth of $3.5 Million (2022).

    What is the age of Bhuvan Bam?

    Bhuvan Bam is 28 Years (2022). He was born on 22 January 1994.

    Is Bhuvan Bam Marathi?

    Bhuvan Bam is born to Marathi parents. He was born in Gujrat and was raised in Delhi.