We are always told to “Dream Big” and aim for them. Those with the passion and zeal to make it big in the world of startups have managed to make it to the list of the youngest self-made billionaires in India. Let’s have a look at these young Indian entrepreneurs who have made it big at a young age and are an inspiration to the youngsters.
1. Vijay Shekar Sharma – Founder of Paytm
Vijay founded one97 Communications (the parent company of Paytm) in 2000, which offered mobile content such as news, ringtones, cricket scores, jokes as well as exam results. Paytm was launched in the year 2010 as a platform for prepaid mobile and DTH recharges. It has benefited from the 2016 demonetization that took place in India and has about 20 million transactions every day and has around 400 million users. In 2018, Warren Buffett’s Berkshire Hathaway invested about $300 million in Paytm.
Sharma also developed Paytm Mall, which is an e-commerce business along with Paytm Payments Bank.
Net Worth: Rs. 10,900 crores
2. Byju Raveendran – The Founder and CEO of Byju’s Learning App
In the year 2011, Byju Raveendran, a school teacher, developed an application which took classrooms for a wide range of students, right from kindergarten to 12th grade on the online platform. The application was launched in the year 2015 and in 2016, it was the 1st Asian corporation to get a grant from the Chan-Zuckerberg initiative. In the year 2019, Raveendran ranked 72 on Forbes India Rich List and became the youngest billionaire on this list. As per reports, Byju Learning App is currently being used by approximately 30 million or more students in the country.
Net worth: Rs. 7700 crores
3. Ritesh Agarwal – Founder of Oyo Hotels
The youngest on the list is Ritesh Agarwal. Agarwal began with a portal on budget accommodation – Oravel Stays which was to book
budget hotels. In 2012, it was accepted by Venture Nursery into their accelerator program and it went on to win the Thiel Fellowship program 2013. In May 2013, this company was launched under the name OYO Rooms. Agarwal’s OYO has just been on an expansion spree since then. Also, he is the youngest self-made billionaire in the world, after Kylie Jenner. His company is backed by Softbank, Lightspeed, and Greenoaks capital.
Net Worth : Rs. 7500 crores
4. Nitin Kamath – Co-Founder, Director of Zerodha
Nitin Kamath is a stockbroker and a businessman. He started off as a sub-broker and also has worked with Reliance money as a money manager. Zerodha was founded by him and his younger brother in 2010. It is a financial service company which provides retail as well as institutional broking, trading in currencies and commodities, mutual funds, as well as bonds.
Net worth: Rs. 6600 Crores
5. Sachin Bansal- Co-founder, former CEO and chairman of Flipkart
Sachin Bansal along with Binny Bansal had started FlipKart in the year 2007, which was an online bookstore. During this time, it operated from a simple apartment in Bangalore. Bansal has been the CEO from 2016 – 2018, and the Executive Chairman later on. In 2018, Bansal exited FlipKart by signing a non-compete clause with Walmart. He founded BAC Acquisitions Private Limited in December 2018 and in 2019, he invested in Ola, Ather Energy, Grey Orange, SigTuple, Unacademy, TeamIndus, and Inshorts. In 2020, Sachin also acquired COCO, the general insurance brand that was owned by DHFL. In April 2020, he became the MD of Navi Technologies.
Net worth: Rs. 6100 crores
6. Binny Bansal – Co-Founder, Former Chairman and CEO, Flipkart
Binny Bansal co-founded FlipKart, the e-commerce platform. Bansal left his position as the CEO of Flipkart last year, has plans of launching a venture capital fund having a target corpus of about $300-400 million. Post the acquisition of FlipKart by Walmart in May 2018, Binny Bansal resigned from the firm and started xto10x Technologies with Saikiran Krishnamurthy, a fellow Flipkart colleague, who headed eKart. xto10x assists the early-stage startups to build capabilities in finance, human resource management, strategy, etc.
Net Worth: Rs. 5500 crores
7. Nikhil Kamath – Co-Founder and CIO of Zerodha
In the year 2010, Nikhil and Nithin Kamath had founded Zerodha, an online brokerage platform which focussed on day traders. As of today, Zerodha includes long-term investors as well as one-time investors. In the year 2019, Nikhil and Nithin co-founded the client aligned AMC, True Beacon, a Category III Alternative Investment Fund (AIF) focusing on the Ultra High Net Individuals.
Net Worth: Rs. 4400 crores
8. Vaibhav Gupta- Co-founder of Udaan
Former Flipkart executive Vaibhav Gupta along with Amod Malviya and Sujeet Kumar propelled the online B2B marketplace – Udaan. It is a B2B trade platform which brings together manufacturers, retailers, traders, and wholesalers on a single platform. The platform aims at making businesses easier in India, and aims at making B2B commerce segment convenient as well as efficient. For Udaan, B2B is the new B2C. This company is the fastest startup in India to achieve this unicorn status. Their startup is valued at about $2.5-3 billion.
Net Worth: Rs. 3500 crores
9. Amod Malviya – Co-founder of Udaan
Former Flipkart executive Amod Malviya along with Vaibhav Gupta and Sujeet Kumar started Udaan – the online B2B marketplace, which brings all the manufacturers, retailers, traders, and wholesalers on one single platform. The platform aims at making businesses much more easier in India, and aims at making B2B commerce segment convenient as well as efficient. This company is the fastest startup in India to achieve this unicorn status.
Net Worth: 3500
10. Sujeet Kumar – Co-founder of Udaan
Former Flipkart executive Sujeet Kumar along with Vaibhav Gupta and Amod Malviya started Udaan – the online B2B marketplace, which brings all the manufacturers, retailers, traders, and wholesalers on one single platform. The platform aims at making businesses much more easier in India, and aims at making B2B commerce segment convenient as well as efficient. This company is the fastest startup in India to achieve this unicorn status.
Net Worth: 3500