Bhavin Turakhia to invest $25 mn more in enterprise messenger Flock

Bhavin-Turakhia23Billionaire Bhavin Turakhia plans to invest $25 million in enterprise team messenger app Flock to enhance product innovation and meet global demand, the company said in a statement. As the company closes in on US-based Slack, which offers a chat and messaging app for businesses, for a larger share of the enterprise market, it also […]

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“I am open to the idea of taking external funds,” says Bhavin Turakhia

Bhavin-Turakhia23The Turakhia brothers, who are known to have turned billionaires by selling their bootstrapped startups which they built and scaled up without raising any external funds, are open to the idea of getting investors on board for their fintech venture Zeta. “There seems to be a general notion that I am not open to taking […]

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Indian siblings who started up together and struck gold

On 23 August, a consortium of Chinese investors acquired Yahoo ad partner Media.net for $900 million, leaving its founder Divyank and his elder brother Bhavin Turakhia fabulously wealthy. In fact, so wealthy that they found themselves on this year’s Forbes India Rich List, with a combined fortune of $1.3 billion. The Turakhia brothers-promoted Directi, whose […]

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Turakhia brothers sell ad-tech firm Media.net to Chinese investors for $900 mn

A group of Chinese investors has acquired contextual advertising company Media.net, founded by serial entrepreneur Divyank Turakhia in 2010, for $900 million in cash. Dubai- and New York-based Media.net provides products for both publishers and advertisers. It provides contextual ads offered by Yahoo Inc and Microsoft Corp’s Bing search engine. The Chinese consortium is led […]

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Startup action plan criteria leaves 60% ventures ineligible: Bhavin Turakhia

Bhavin-TurakhiaThere have been several strong reactions to the Modi government’s announcement of the ambitious Startup Action Plan at the Startup India event on January 16. The government is certainly taking steps in the right direction with this plan for helping to improve the startup ecosystem in the country. From the perspective of startups, measures on […]

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