Bengaluru Surpasses Mumbai in Number of Young Wealthy Indians: Third Wave, Meesho Founders Make the Cut
Bengaluru has added another accolade to its name by surpassing Mumbai in the number of India’s richest individuals under the age of 35. According to the Hurun Research Institute, Bengaluru now boasts 29 such young entrepreneurs, outshining Mumbai’s 26. This significant achievement highlights the vibrant entrepreneurial ecosystem and innovative spirit that thrives in the Silicon Valley of India.
The Hurun Research Institute recently released its 2024 Hurun India Under 35s list, featuring 150 remarkable entrepreneurs under the age of 35. These individuals have not only made a mark in their respective industries but also have a minimum business valuation of USD 50 million, with some exceeding $100 million. Bengaluru stands out as the city with the highest number of young achievers on the list, showcasing the city’s entrepreneurial prowess and innovative culture.
Among the notable names from Bengaluru on the list are Sushant Goel and Ayush Bathwal of Third Wave Coffee, Shashank Kumar of Razorpay, and Vidit Aatrey and Sanjeev Barnwal of Meesho. These young leaders have demonstrated exceptional vision, determination, and business acumen to build successful ventures in a competitive market landscape.
Anas Rahman Junaid, Managing Director and Chief Researcher at Hurun India, emphasized the entrepreneurial spirit and resilience of India’s under-35 demographic. He highlighted the rapid growth of these young business leaders amidst challenges such as geopolitical complexities, inflation, and economic headwinds. The success stories of these entrepreneurs serve as a testament to their ability to navigate obstacles and capitalize on opportunities in the dynamic business environment.
Notable Entrepreneurs from Bengaluru on the List
The 2024 Hurun India Under 35s list features a diverse range of entrepreneurs from Bengaluru, representing various sectors such as technology, finance, and e-commerce. Some of the standout individuals from the city include:
1. Rishi Raj Rathore – Arzooo
2. Ajeesh Achutan – Open
3. Sushant Goel – Third Wave Coffee
4. Roman Saini – Unacademy
5. Apoorv Kumar – Refyne
6. Arun Vinayak – Exponent Energy
7. Harshil Mathur – Razorpay
8. Ayush Bathwal – Third Wave Coffee
9. Abhishek Bansal – Shadowfax
10. Shashank Kumar – Razorpay
11. Yogesh Agarwal – Onsurity
12. Jyotiranjan Harichandan – Bolt Earth
13. Govind Soni – CoinSwitch
14. Ravish Naresh – Khatabook
15. Praneeth Kumar Boganadhula – Vegrow
16. Vimal Sagar Tiwari – CoinSwitch
17. Pranav Goel – Porter
18. Tarun Mehta – Ather Energy
19. Sangeet Agarwal – Mokobara
20. Uttam Digga – Porter
21. Sanjeev Barnwal – Meesho
22. Mohit Kumar – Ultrahuman
23. Swapnil Jain – Ather Energy
24. Enbasekar Dinadayalane – MediBuddy
25. Rohith Salim – SpotDraft
26. Chanakya Hridaya – Blackbuck
27. Ashish Singhal – CoinSwitch
28. Satish Kannan – MediBuddy
29. Ankit Garg – Wakefit
These young entrepreneurs have not only disrupted their respective industries but also created significant value through their innovative business models and strategic vision. Their inclusion in the prestigious Hurun India Under 35s list reflects their exceptional achievements and contributions to the entrepreneurial landscape in India.
Key Insights from the Hurun India Under 35s List
The 2024 Hurun India Under 35s list offers valuable insights into the entrepreneurial landscape in India, showcasing the diversity and talent present among the country’s young business leaders. Some key takeaways from the list include:
1. Ankush Sachdeva, aged 31, from ShareChat, is the youngest individual featured in the 2024 Hurun India Under 35s list, highlighting the rising trend of young entrepreneurs making a mark in the business world.
2. Parita Parekh of Toddle and Isha Ambani of Reliance Retail, both aged 32, are the youngest women entrepreneurs in the list, underscoring the growing presence of women leaders in the Indian startup ecosystem.
3. Financial services emerged as the leading sector with 21 entrepreneurs on the list, followed by software & services with 14 entrants, indicating the diverse opportunities and growth potential in these industries.
4. The average age of entrepreneurs on the list is 33, reflecting the youthfulness and dynamism of India’s entrepreneurial community.
5. IIT Madras and IIT Bombay are the top institutions from which these entrepreneurs have graduated, showcasing the strong foundation and academic excellence that contribute to their success in the business world.
The Hurun India Under 35s list not only recognizes the achievements of young entrepreneurs but also serves as a source of inspiration for aspiring business leaders looking to make a mark in their respective industries. The entrepreneurial spirit and innovative mindset showcased by these young achievers underscore the potential and opportunities present in India’s thriving startup ecosystem.
As Bengaluru continues to shine as a hub for innovation and entrepreneurship, the city’s young leaders are poised to drive future growth and transformation in the Indian business landscape. With their vision, resilience, and determination, these entrepreneurs are redefining success and setting new benchmarks for the next generation of business leaders in the country.
