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Meet the Indian startups fueling the country’s Electric Vehicle dreams
Global IndianstoryMeet the Indian startups fueling the country’s Electric Vehicle dreams
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Meet the Indian startups fueling the country’s Electric Vehicle dreams

Written by: Global Indian

(August 6, 2021; 6.45 pm) The future is electric: it’s as simple as that. If we want to create a sustainable future, electric vehicles (EVs) are part of the solution. The effects of climate change is for everyone to see… frequent extreme weather episodes, pandemics, rising levels of pollution, and entire species racing towards extinction. Add to the mix rising prices of fuel and the burden of import costs and you have a recipe for disaster. Electric vehicles then seem like the way forward. In fact, the global automotive industry itself is undergoing a paradigm shift, with several major players launching hybrid or completely electric versions in the market.  

The Indian automotive industry is the fifth largest in the world and catering to a vast domestic market with a reliance on conventional fuels will eventually be unsustainable. According to a study by CEEW Centre for Energy Finance, the EV market in India will be worth $206 billion by 2030 if India makes steady progress in the sector. Another report by India Energy Storage Alliance projects the Indian EV market’s growth at 36% till 2026.  

In this article, Global Indian looks at some of the most promising EV startups in the country.  

Revolt Motors 

Founded by Micromax’s Rahul Sharma in 2019, Revolt Motors develops AI-enabled electric motorbikes: RV300 and RV400. With features such as full LED lighting, Bluetooth connectivity, digital display with real-time bike diagnosis, mono-shock rear suspension, optimum charging time and battery capacity, it is quite the game changer in its segment. It also offers users a mobile app to manage the bikes. Its manufacturing facility in Manesar has an annual production capacity of 1.2 lakh units.  

Backed by RattanIndia, the company recently announced that it would soon launch a more affordable e-bike called the RV1. Given the focus on going green, Domino’s Pizza too has decided to go green by acquiring the existing inventory of the RV300 to convert its entire delivery fleet to EVs.  

Ola Electric 

Ola to open high tech factory for its e-bikes

Bhavish Aggarwal’s Ola Electric created quite the buzz when it opened bookings for its soon-to-be-launched scooter last month. Within 24 hours of the bookings being opened, the company received over 1 lakh reservations, making it the most pre-booked scooter in the world. Expected to be priced at ₹85,000 the company claims the e-scooter will be the best in its class in terms of range, speed, boot space, and technology. According to the company, the Ola Scooter has already won several prestigious awards including the IHS Markit Innovation Award and the German Design Award.  

The first of the e-scooters will roll out from the Ola FutureFactory which is built across 500 acres in Krishnagiri, Tamil Nadu. Touted to be the largest in the world, it will be AI-powered with 3,000 robots and will have one e-scooter rolling of the production lines every 2 seconds. The factory will also act as the company’s export hub when it expands its footprint to the international market. Earlier this year, the company also signed a $100 million debt financing deal with Bank of Baroda for a 10-year period.  

Ather Energy 

Founded in 2013 by IIT-Madras alumni Tarun Mehta and Swapnil Jain, Ather Energy has already launched two scooters in the market: Ather 450X and Ather 450 Plus. The company also manufactures AtherGrid, an electric vehicle charging infrastructure. Though priced upwards of ₹1.25 lakh, the e-scooters have already gained popularity with its flagship Bengaluru showroom selling bikes worth ₹10 crore in a span of a month. In fact, the company’s revenues rose from ₹11.7 crore in FY19 to ₹48.8 crore in FY20. 

Backed by Hero MotoCorp, Flipkart’s Sachhin Bansal, Singapore’s InnoVen Capital and VC firm Tiger Global, Ather’s bikes come loaded with features. Some of them include BLDC motors, fast charging, Li-ion batteries, water and dust resistance, multiple riding modes, interactive dashboard, and onboard navigation. The company also provides an app that allows users to monitor charging status, and home chargers with app connectivity.  

 Tork Motors 

Founded in 2010 by Kapil Shelke, who’d earlier worked with the Zongshen Racing team in China, Tork has developed six models of its motorcycle. Some of them went on to beat expectations in prestigious racing competitions such as the Isle of Man Tourist Trophy. The firm finally began accepting pre-orders for its commercial model T6X in 2016. While the company’s commercial model is yet to take off, Shelke is confident of launching it in the market soon. “We underestimated the time it takes to validate a product,” he told Quartz. “We’re the only company in the world that builds its own motor and battery. It took us about four years to validate the motor we were building.” Backed by Ratan Tata, who bought a stake in the EV startup, the company has its factory in Chakan, an automobile hub near Pune.  

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  • air pollution
  • artificial intelligence (AI)
  • Ather 450 Plus
  • Ather 450X
  • Ather Energy
  • AtherGrid
  • auto majors
  • automotive industry
  • Bhavish Aggarwal
  • bluetooth connectivity
  • carbon footprint
  • charging stations
  • climate change
  • COVID-19 pandemic
  • e-scooters
  • electric vehicles
  • EVs
  • fossil fuels
  • fuel prices
  • Global Indian
  • green vehicles
  • hybrid vehicles
  • Indian startups
  • Kapil Shelke
  • Micromax
  • Ola Electric
  • Ola FutureFactory
  • Rahul Sharma
  • ratan tata
  • Revolt Intellicorp
  • sustainable future
  • Swapnil Jain
  • Tarun Mehta
  • Tork Motors

Published on 06, Aug 2021

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Nithin Kamath: How this fintech entrepreneur went on to become one of the richest Indians 

(September 7, 2021) He was all of 17 when he was first introduced to the world of finance and trading. Rather taken in by the whole concept of trading, Nithin Kamath spent the next 12 years doing just that. By the time he had graduated from engineering college, he’d earned a sizeable amount of wealth... only to lose it all soon after. Refusing to give up, he soldiered on and continued to trade during the day and worked at a call center during the nights. The tide finally turned when he met a high net worth individual who handed him a cheque and asked him to manage his money.   [embed]https://twitter.com/Nithin0dha/status/1433061564865646592?s=20[/embed] By 2010, he’d garnered enough confidence and funds to launch his own startup – Zerodha, a retail online stock broking company – in association with his brother Nikhil. Ever since, the startup has been changing the way young India invests in stocks. The Bengaluru-headquartered company offers retail and institutional brokerage, currencies and commodities trading, mutual funds, and bonds. With an active client base of over 3.5 million, Zerodha is the largest retail stockbroker in India, beating even traditional brokerage firms such as ICICI Securities and HDFC Securities. In 2020 Zerodha became one of the rare profitable fintech companies to

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ve client base of over 3.5 million, Zerodha is the largest retail stockbroker in India, beating even traditional brokerage firms such as ICICI Securities and HDFC Securities. In 2020 Zerodha became one of the rare profitable fintech companies to attain unicorn status and the 42-year-old Nithin made his debut on the Forbes list of India's 100 richest. His net worth is estimated at $1.55 billion. 

[caption id="attachment_9567" align="aligncenter" width="453"]Indian entrepreneur Nithin Kamath Nithin and Nikhil Kamath founded Zerodha[/caption]

Journey to the top 

Born in a Konkani family in Shivamogga, Nithin was raised in Bengaluru by a veena teacher mother and a Canara Bank manager father. Growing up in a neighborhood filled with active traders, Nithin was first initiated into stock broking at the age of 17. He was rather taken in by the whole system of making money through stocks and soon realized that he had a penchant for it too. He began actively trading ever since and continued to do so through his college years Bangalore Institute of Technology. By the time he’d graduated he’d earned a handsome profit. But that’s when things went south.  

[caption id="attachment_9566" align="aligncenter" width="547"]Indian entrepreneur Nithin Kamath Zerodha in its early days; Nithin Kamath (extreme left)[/caption]

He’d borrowed money to trade and ended up blowing his trading account and lost a lot of money. To make up for the debt he took up a call center job that he worked at for four years even as he continued to trade during the day. On his website, Nithin writes, “I quit my job when I met the first person who asked me to manage their portfolio.”  

By 2006, he had become a franchisee of brokerage firm Reliance Money to start a formal advisory business. Around this time, he was joined by his brother Nikhil, who Nithin claims is a better trader than he was. With Nikhil handling trading, Nithin figured he could set aside some time to build a brokerage firm that they wanted. When the markets crashed in 2008, several people suffered heavy losses, but Nithin had managed to make some money. By 2010, the brothers took the plunge and set up Zerodha.  

Hustling to succeed 

The idea for the startup came about when Nithin felt the need for a platform that offered people a seamless trading experience. He also believed that people needed a platform to educate them on the different investment options available. “With Zerodha, we were the first to introduce a flat fee model (a maximum of ₹20 per trade), helping traders save upto 90% of brokerage charges compared to the exorbitant percentage fees which was common at the time," Nithin writes on his website, “In addition, we offered this single pricing plan to all our clients unlike the then incumbent players who had opaque offerings for different groups of clients. While we started from zero, this transparency slowly got us attention on online communities and via word of mouth.” 

[embed]https://www.youtube.com/watch?v=u2eMIWDzuM0[/embed]

The operations which initially focused on day traders have now evolved to cater to long-term investors. The company began as a completely bootstrapped venture and has so far not required any external funding; it has been thriving despite the pandemic with people making a conscious effort to begin their investment journeys in these uncertain times. The platform has seen a 100% growth in concurrent users and won the NSE Retail Broker of the Year in 2018.  

In addition to this, Nithin and Nikhil also founded investment management firm True Beacon which is aimed at ultra-high net worth investors and operates on a zero-fee model.  

 

Giving Back 

To empower retail traders and investors, Zerodha runs a number of open online educational and community initiatives. Varsity, is a learning module to educate young investors looking to explore the world of trading; it also has an active forum (Trading Q&A) for traders and investors to discuss stock ideas.  

[embed]https://twitter.com/Nithin0dha/status/1433820768597516291?s=20[/embed]

In January 2021, Nithin set up the Rainmatter Foundation for which he set aside $100 million. The Foundation supports grassroots individuals and organizations working on solutions for climate change. A special emphasis is also laid on afforestation and ecological restoration activities. In an interview with YourStory, Nithin said, “I have had a problem with the concentration of wealth, where a small bunch of people have access to a high amount of wealth. It is time that these people do something to give back to society.” 

 

Reading Time: 5 mins

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Vandana Luthra the businesswoman who brought the winds of change to the Indian wellness industry

(October 16, 2021) In the late 1980s, when Vandana Luthra came up with the idea of a transformation center – offering beauty services, wellness and weight management programs for men and women all under one roof – many, including her financiers, were apprehensive. Some even dismissed her idea as too futuristic. Back then, the health and wellness industry were doing well abroad but were still unheard of on Indian shores. After all, it was an era when most women would head to their friendly neighborhood parlor, one would that often be tucked into the owner’s home, for their beauty needs.    She painstakingly convinced people that her venture as a business model was both scalable and sustainable. Despite the naysayers, Vandana stayed persistent. The convincing took a while, but she secured a bank loan and the first VLCC transformation center opened up in Safdarjung development area in New Delhi in 1989.   [embed]https://twitter.com/Vandanaluthra/status/1440666809519067155?s=20[/embed] Woman with a vision  Fast forward to 2021 and the numbers speak for themselves. The VLCC health care operates in 326 locations in 153 cities and 13 countries in South Asia, South East Asia, the GCC region and east Africa; the company manufactures and markets 170 hair care, skin care and body care products along with functional and fortified foods, which are sold through one lakh outlets in India and over 10,000 outlets across various countries and e-commerce channels.  

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"335551550":1,"335551620":1,"335559739":160,"335559740":259}"> 

Fast forward to 2021 and the numbers speak for themselves. The VLCC health care operates in 326 locations in 153 cities and 13 countries in South Asia, South East Asia, the GCC region and east Africa; the company manufactures and markets 170 hair care, skin care and body care products along with functional and fortified foods, which are sold through one lakh outlets in India and over 10,000 outlets across various countries and e-commerce channels.  

Today, her chain of transformation centers VLCC is a brand to reckon with. Vandana’s work also earned her the Padma Shri in 2013, the Enterprise Asia Women Entrepreneur of the Year Award in 2010, and the Asian Business Leaders Forum Trailblazer Award in 2012. She was also ranked 26th in the Forbes Asia list of 50 Power Businesswomen in the APAC Region and was featured in Fortune’s 50 Most Powerful Women in Business in India list for five straight years. 

Indian businesswoman Vandana Luthra

Long road ahead 

But she is not done yet. "By nature, I am a restless person. Though I certainly take great pride in what the VLCC family has achieved, we have much more to accomplish," says Vandana during an exclusive chat with Global Indian. She says that the incidence of obesity continues to rise alarmingly and its related issues are a huge public health challenge. "The COVID-19 crisis has heightened awareness about proactive and preventive healthcare across age groups and that has made a leading Wellness & Beauty services and products player like VLCC even more relevant today. We have a significant role to play in this area," she says. 

Vandana says she realized quite early in her entrepreneurial career that there were certain stereotypes that needed to be challenged. "Nutrition is the key aspect of providing wellness, weight management, skin and hair treatments for a 360-degree transformation. Though there were women out there who had very impressive qualifications in dietetics, very few had taken up that academic qualification to make a career in the nutrition domain," she says. Most women would only opt for these courses to attract good matrimonial prospects.  

[caption id="attachment_13281" align="aligncenter" width="768"]Indian businesswoman Vandana Luthra Vandana with her husband Mukesh[/caption]

The Delhi girl with a mission 

Born in New Delhi in July 1959, Vandana’s father Ram Arora was a mechanical engineer, while her mother Kamini an Ayurvedic doctor. Vandana did her schooling from Mater Dei School before graduating from Lady Shriram College in 1979. She then chose to move to Karlsruhe in Germany for her higher studies in cosmetology and nutrition.   

Ask her what she makes of her journey when she looks back, and she says, "Over the years, I have become far more aware about issues than I otherwise would have had I been focusing only on the transactional aspects of creating and nurturing successful businesses," says the 61-year-old.  

Recalling her own experiences, the entrepreneur says that one of the first issues that a woman grapples with when embarking on a professional journey is self-doubt with respect to work-life balance.  "This issue may be less acute today when compared to two-three decades ago but women continue to struggle with it. If one takes a look at the traditional, stereotypical role of women as homemakers, they will realize that women are inherently good managers, balancing work and home. So, one need not obsess too much about balancing different priorities, it comes naturally to women," says Vandana, herself a mother of two. 

"Our 3,000-odd colleagues across 12 countries are the torchbearers of VLCC's success," smiles Vandana. She credits her husband Mukesh and their two daughters who helped her ride the tide throughout her entrepreneurial journey. "Then came along my VLCC family which has grown over the years and has always been my strength," smiles Vandana, who was appointed the first chairperson of the Beauty and Wellness sector skill council, an initiative that provides training under the Pradhan Mantri Kaushal Vikas Yojana scheme, in 2014.   

[embed]https://www.youtube.com/watch?v=N4WHiAs2WAM[/embed]

Giving Back 

While her work keeps Vandana busy, it is the Amar Jyoti Charitable Trust, of which she is the patron, that is close to her heart. Founded by her mother, the trust pioneered the concept of educating children with and without disability in equal numbers from nursery to class eight; it has over 800 children in its two schools. Vandana is also the vice chairperson of the NGO Khushii which has projects like telemedicine centers and a remedial school catering to 3,000 children.  

On Brand India, Vandana explains how it has evolved over the years to become a multi-faceted icon. "Today, brand India stands tall among the community of nations for its reputation as a unique tourist destination, splendid in its diversity, for its status as a growing economic powerhouse, for its attractiveness as a large and lucrative market of over 1.3 billion consumers, for the respect it commands as a talent nurturing pool for outstanding leaders in the global corporate world. The list is long," says Vandana, who has authored two books on wellness and fitness. 

  • Follow Vandana on LinkedIn and Twitter.

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Jayshree Ullal: The Indian American self-made billionaire who is among the top 5 influential people in the networking world 

(October 28, 2021) Jayshree Ullal has many monikers to her credit; Queen of the wired world is just one of them. She is not just another Indian name that has made it big in the global corporate world. According to Forbes, Ullal is counted amongst the top five influential people in the world of networking and has been giving technology behemoths a run for their money. This year, 60-year-old Ullal, was one of the five Indian Americans to be named in Forbes’ list of America’s Richest Self-Made Women with a net worth of $1.7 billion.   The president and CEO of Arista Networks, who is known for her business chops, helped transform the cloud computing firm into a world leader in networking technology. In fact, her acumen and skills have earned her several awards and recognitions. She was named one of the Top Ten Executives by VM World, A Woman of Influence for Security CSOs, Innovator and Influencer Award by Information Week, was ranked number 2 in Top 25 Disruptors of 2014 by CRN, World’s Best CEOs: Growth Leaders in 2018 and was also ranked 118 on Fortune’s Businessperson of the Year for 2019.   Indian roots  Born in London and raised in Delhi, Ullal studied at the Convent of Jesus & Mary before her family relocated to the US when her

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est CEOs: Growth Leaders in 2018 and was also ranked 118 on Fortune’s Businessperson of the Year for 2019.  

Global Indian Jayshree Ullal

Indian roots 

Born in London and raised in Delhi, Ullal studied at the Convent of Jesus & Mary before her family relocated to the US when her physicist father got a new job. She eventually attended San Francisco State University where she did her Bachelors in Electrical Engineering and then her Masters in Engineering Management from Santa Clara University. In college she was only one of two female students in a batch of 70. Which she says is a sign that more women need to be encouraged into technical education.  

She began her career at Fairchild and eventually moved to AMD before joining Crescendo, a communications company, which was later taken over by Cisco. Ullal, too, was brought on board by Cisco on a two-year contract, which thanks to her skills lasted for a good 15 years. According to an interview she gave Business Line, Ullal said, that she with the support of her CEO and boss was able to grow the switching business from zero to a more than $10-billion business in a decade. The startup spirit within such a large company was what excited Ullal and soon she was appointed a senior executive at Cisco. Incidentally, the switching business turned out to be a cash cow which brought in a third of Cisco’s revenue by helping businesses link their devices to the same network.  

Global Indian Jayshree Ullal

All about the balance

As Ullal continued to grow from strength to strength, she did have her moments of self-doubt. Was she being a good parent? Was she able to balance it all and do justice to each of her roles? “In 2000 I wondered if I was being too career driven. So, I took a leave of absence from Cisco for several months to be a full-time mom to my daughters. However, they were soon telling me, ‘Amma, when are you going back to work?’ A very telling moment. I did return to Cisco, this time with heightened awareness that I was meant to balance my career and family,” she said in an interview. The fact that she had incredibly supportive parents and husband helped too.  

In 2008, she left Cisco to join Arista Networks as president and CEO. She’d long been itching to head an independent company and Arista was the perfect opportunity. Soon she was nabbing business from her former employer and added some major clients such as Microsoft and Facebook to her portfolio. As she chipped away at Cisco’s market share, Arista has now become one of the fastest growing cloud networking companies with a valuation upwards of $25 billion. In fact, it was Ullal who played a major role in turning a once tiny nondescript startup into an emerging force in the field of computer networking.  

[embed]https://www.youtube.com/watch?v=r_iC3c1cgaU[/embed]

Incidentally, when she led Arista’s IPO in 2014 at the New York Stock Exchange, its valuation was $2.75 billion. This makes Ullal’s estimated net worth $1.7 billion thanks to her 5% stake in the company. She is among the 72 self-made women billionaires in the world. This year she ranked 16 on the Forbes’ list of America’s top self-made women.  

As this Global Indian continues to juggle a successful career and family, Ullal believes that to be able to strike a work-life balance it’s important to stay real. “You don’t have to be perfect at everything. There are some tradeoffs that should be made. It’s ok to take shortcuts. Work-life balance means you have to be realistic,” she said in an interview. 

  • Follow Jayshree Ullal on LinkedIn

Reading Time: 5 mins

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Foodpreneur Gaggan Anand gave Indian cuisine a makeover with his dramatic style. Here’s how

(July 14, 2021; 4 pm) When Gaggan Anand launched his eponymous restaurant back in 2010, it was more out of frustration because “businesses didn’t want something different”. Ever since, the Bangkok-based Gaggan restaurant rose almost meteorically; it was repeatedly featured in The World’s 50 Best Restaurants list and named Asia’s best in 2015. With two Michelin stars, the restaurant was one of the most coveted dining destinations where patrons loved seeing the dramatic Anand stir up things in the kitchen. Curiosity about its 25 course-long menu inspired by emojis had the waitlist run up to at least two months. Dishes such as the space cookie, chocolate golgappas, and his signature yogurt explosion were unheard off, especially from an Indian kitchen. Gaggan was on a mission to break stereotypes.  Making Indian food multi-dimensional  [caption id="attachment_4870" align="aligncenter" width="555"] Food served at Gaggan Anand[/caption] Anand’s take on Indian food was almost like art. A tiny eggplant cookie for instance was his interpretation of the traditional baingan ka bharta. The vegetable was mashed and charred in the tandoor before being freeze dried and compressed into cookies that were then sandwiched with onion chutney. Then there was his take on the Bengali paturi; mustard wrapped sea bass cooked in cedar wood and charred with a flourish at the table, according to a report in The Hindu. There’s a reason the chef was so hugely popular – nobody else interpreted or

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trast="auto">Making Indian food multi-dimensional 

[caption id="attachment_4870" align="aligncenter" width="555"]Celebrity chef Gaggan Anand gave Indian cuisine a makeover with his dramatic style. Here’s how Food served at Gaggan Anand[/caption]

Anand’s take on Indian food was almost like art. A tiny eggplant cookie for instance was his interpretation of the traditional baingan ka bharta. The vegetable was mashed and charred in the tandoor before being freeze dried and compressed into cookies that were then sandwiched with onion chutney. Then there was his take on the Bengali paturi; mustard wrapped sea bass cooked in cedar wood and charred with a flourish at the table, according to a report in The Hindu. There’s a reason the chef was so hugely popular – nobody else interpreted or presented Indian food the way he did. His melange of molecular gastronomy, authentic Indian flavors and the Japanese pursuit of perfection set him apart from contemporaries.  

But did you know the famous chef actually wanted to be a musician? On his website, the 43-year-old Anand says,  

“I dreamt of being a professional drummer in a band, but one day, as a teenager, I realized that my economic situation would never improve as a musician, so I went to the next thing I knew best: cooking.”  

From Kolkata to Bangkok 

Born in Kolkata to Punjabi parents, Anand went to IHMCT, Kovalam in 1997, following which he worked with the Taj Group as a trainee. He then pursued a catering career in Kolkata’s Tollygunge area before he relocated to Bangkok to work at Red, a contemporary Indian restaurant. Anand’s flair in the kitchen got him noticed and he was picked up to work with Ferran Adria’s research team at El Bulli (it was judged the world’s best restaurant for a record five years, before Adria decided to close it down in 2011) in Catalonia, Spain. To Gaggan, food is the ultimate pornography. In an interview he said,  

“The sensuality of food invites your mind to eat it. You look at the food, you take a picture, hashtag it and then you eat it. To me, that is the most important part of cooking today; the experience.” 

By 2010 he had set up Gaggan and things seemed to be going really well. However, when he won his 50 Best Restaurants award in 2017, he announced his intention to close his eponymous restaurant by 2020. People wondered by the Indian chef would not want to set up a global Gaggan empire? In an interview with The Hindu, he said, “When people go out, they usually eat a cuisine. At Gaggan, you eat the chef’s journey. The chef’s personality. That is why I am wearing out... I don’t know if everyone can have the same vision. You have to burn out or walk out. El Bulli taught me that. It’s every chef’s nightmare — burning out. So this is how I’m controlling my fizz.” He also wanted to work on his next project in Japan with his friend and collaborator Chef Takeshi Fukuyama.   

Gaggan leaves Gaggan 

[caption id="attachment_4872" align="aligncenter" width="608"]Celebrity chef Gaggan Anand gave Indian cuisine a makeover with his dramatic style. Here’s how Gaggan Anand at work in his new restaurant[/caption]

However, in 2019, he abruptly walked out of his business following a falling out with the shareholders at Gaggan. The move shocked the culinary circles and patrons alike. Just a few months later in November 2019, Anand along with a lot of his old staff launched Gaggan Anand, his newest playground, a mile away from the original. Here they only served 50 diners each day (now 25 in keeping with Covid protocol) and reservations can only made online. Things began looking up again, with the new restaurant clocking in a waitlist of at least six months. Takers for his elaborate 25-course emoji menu are just too many. 

However, the COVID-19 pandemic struck and hit the hospitality industry hard: it led to a paring down of this elaborate menu. According to 50 Best, as it stands today, Gaggan Anand runs a nine-course lunch menu for 2,000 baht ($70). The tasting menu, previously priced at 12,400 baht ($400), is now 4,300 baht ($140) and the current average spend on a la carte in the restaurant is 3,100 baht ($100).  

Star Wars theme 

Most diners flock to Anand’s restaurants to watch him cook – it is no less than a performance. According to Anand, he along with his team act out a fantasy at the core of which is amazing food. Earlier this year they had a Star Wars themed experience that ran at the restaurant till June and here the chef let free his creative genius. He told 50 Best, “Just because we’re doing a Star Wars menu doesn’t mean I’ll be dressing like a Jedi or using plates shaped like Yoda. Yes, there’s a light show, yes, there is illumination and we are blowing a few things up, but my ideas for the food come from all aspects of the five decades of Star Wars.” The first course was a space cookie, the next was set in The Dune Sea and Jabba’s Palace. The dinner was served on a table strewn with moss to represent the planet of Endor.  

[embed]http://www.youtube.com/watch?v=lbSpg9NL20A[/embed]

Dining out post-pandemic  

Anand is mindful of the fact that a post-pandemic world will also bring about an upheaval in the way fine dining restaurants will function. He believes that going forward it will be small tables, small restaurants and chefs’ counters that will dominate the culinary scene.  Which is why he doesn’t worry about losing money as a restaurant owner. Bagging the Highest New Entry award this year was proof enough that he is headed in the right direction.  

Editor’s Take 

For a long time, it was perceived that Indian food was not tailor-made for fine dining. But Gaggan Anand set out to change that, and change he did. He took Indian food beyond the usual curry-centered. There is a reason the chef’s restaurants see long waiting lists: Much like him, his food has a touch of drama - dishes such as the baingan-bharta-on-a cookie, chocolate golgappas, and his signature yogurt explosion are testimony of just what’s possible with Indian food. Within a couple of years of him launching his latest restaurant it has featured at No 5 in Asia’s 50 Best Restaurants and bagged the Highest New Entry Award. Indian cuisine evolves and adapts with time and foodpreneurs such as  Anand are key drivers of change. 

  • RELATED READ: Indian pharmacist takes MasterChef Australia by storm

Reading Time: 10 mins

Story
Divyank Turakhia: The young Mumbaikar who went on to become India’s top billionaire entrepreneur 

(October 22, 2021) He was all of 14, when Divyank Turakhia began consulting with large companies. It had all begun when someone at NASSCOM called him in to fix their internet problem. His first million came when he was 16-years-old from a company he co-founded with his brother, Bhavin, after the duo took a loan of ₹25,000 from their father. Today, this 39-year-old founder of ad-tech platform Media.net is India’s richest under-40 billionaire with a net worth of ₹12,500 crore ($1.7 billion) according to the recently released IIFL Wealth Hurun India 40 & Under Self-Made Rich List.   Divyank, who has built several successful businesses and made stunning exits on many of them, certainly has a penchant for identifying and working towards the right opportunities. He sold the six-year-old Media.net to a consortium of Chinese investors in 2016 for a whopping $900 million. This shot the brothers’ net worth to $1.3 billion, who have been creating an array of businesses that include web hosting, cloud infrastructure, voice and messaging services, and digital payments with offices in Dubai, Los Angeles, New York, Zurich, and Beijing. However, for this typically middle-class Mumbai lad this path to success is peppered with hard work and some seriously smart business acumen.  [caption id="attachment_13664" align="aligncenter" width="900"] Bhavin and

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ayments with offices in Dubai, Los Angeles, New York, Zurich, and Beijing. However, for this typically middle-class Mumbai lad this path to success is peppered with hard work and some seriously smart business acumen. 

[caption id="attachment_13664" align="aligncenter" width="900"]Indian entrepreneur Divyank Turakhia Bhavin and Divyank Turakhia[/caption]

The Mumbai lad who took on the world 

Born in Mumbai in 1982, Divyank grew up with a chartered accountant father and a homemaker mother, who encouraged the brothers to expand their horizons through reading and a constant questioning of the status quo. For instance, while Divyank enjoyed playing video games, his father challenged him to create one himself. At the age of 13, Divyank developed a business-solution game along with a 15-year-old Bhavin. “Playing the game was educational. Creating it was an experience,” Divyank told Forbes in an interview. 

In fact, this Global Indian earned his pocket money by doing computer projects for the rich kids at his school Arya Vidya Mandir. He began freelance consulting when he was 14 and by 1998, he had founded Directi with the loan from his father. With 40 clients in his portfolio, he paid his father back within the first month. He said, “When we were kids, we thought we could achieve anything. We still do.” He’d even bought the family’s first car, a Santro, by that time. By age 18, he’d bought his parents a better car: a Scorpio.  

Indian entrepreneur Divyank Turakhia

Divyank went on to do his B.Com from Narsee Monjee College of Commerce and Economics at the insistence of his mother, who wanted both him and Bhavin to at least have Bachelor’s degrees. Soon after, Divyank began setting up various businesses with his brother in the web services and payments areas. The two worked together till 2005, but soon figured that they could double their reach by working individually. 

In the big league 

In 2010, Divyank launched Media.net, which allows publishers to display ads based on the content on their sites. Talking about his success with Media.net with Mumbai Mirror, he said that persistence is the key difference between winners and losers. "Even when you have everything, you fail. But if you stop, then you have truly failed. Like with Media.net, I failed every day until one day I was successful."  

In the meanwhile, his first venture Directi, that he’d launched with Bhavin, sold for $160 million in 2014; it was the brother’s first big exit. He told YourStory, “Whenever you build businesses, one of the important things while you are building them is (to) keep figuring out what can I do to make something bigger. One of the important things to help you figure out how to grow anything, or build anything, is first to identify your core strengths. You need to know what you are really good at, and you need to know what you suck at also.” 

[caption id="attachment_13667" align="aligncenter" width="1269"]Indian entrepreneur Divyank Turakhia Divyank is also an avid aviator[/caption]

For Divyank, it is not about being the first in a space but about being the one to improve the existing. "I have never been the first to do something in any business. But no successful business really is," he told Economic Times. "Google wasn't the first search engine. Facebook wasn't the first social network. Being the first mover is so often a disadvantage. The cost of things may be higher than that for the fifth or sixth one doing it." 

Media.net in the meanwhile focused most of its operations overseas, with 90% of its revenue coming from the US, 5% from the UK and Canada, and 5% from the rest of the world. It had become a leading player in the global advertising-technology sector. By 2016, Divyank sold the company to a Chinese consortium, which is when Bhavin stepped in to help him negotiate the deal so Divyank could focus on running the company. The duo had seven offers on the table and they took their time to choose the best deal. In the end they made a whopping $900 million in an all-cash transaction that shot them into the billionaires’ league. Divyank, continued as Media.net’s CEO even after the sale.  

The world is his oyster 

By this time, Divyank had also shifted base to Dubai from where he now divides his time between his homes in Los Angeles, Mumbai and wherever else he has operations. Quite the car enthusiast, he owns a fleet of luxury vehicles including a Ferrari 458 Spider, a Rolls Royce Phantom, an Audi A8, a Mercedes S-Class and a DC modified Innova.  

[embed]https://www.youtube.com/watch?v=iT5w1J70o84[/embed]

Throughout his entrepreneurial journey, Divyank has shied away from external investors; he did once seek investment, but later bought back the stake. He and Bhavin have an agreement on how they share the revenues and ownership of their various businesses. “In my mind and in Bhavin’s mind, we both own everything and we both have access to everything,” said Divyank to Forbes. “When you own the beach, why would you be splitting the sand?” 

The accolades and recognition have been pouring in too. He first entered the Forbes list of India’s 100 Richest People in 2016 and has steadily worked his way up ever since. By 2017 he was 27th on the Global 40 Under 40 Self-made Rich List, and was also declared the Youngest Indian Billionaire for three consecutive years from 2016-2018. This year, he topped the IIFL Wealth Hurun India 40 & Under Self-Made Rich List and has no plans of stopping any time soon. He’s got businesses to build and that’s where he’s currently focusing his energies. 

Follow Divyank on LinkedIn. 

Reading Time: 8 mins

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About Global Indian

Global Indian – a Hero’s Journey is an online publication which showcases the journeys of Indians who went abroad and have had an impact on India. 

These journeys are meant to inspire and motivate the youth to aspire to go beyond where they were born in a spirit of adventure and discovery and return home with news ideas, capital or network that has an impact in some way for India.

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