Scions of the Reliance empire, the 28-year olds are now taking active interest in various M&A deals recently signed by RIL with various global investors and local companies.
Reliance is a family business, says Fortune and Akash joined the company in 2014 after receiving an economics degree from Brown University. Isha joined a year later, following stints at Yale, Stanford and McKinsey. "As Jio board members, they helped seal the company's recent megadeal with Facebook -- $5.7 billion for a 9.99% stake -- plus major follow-on investments from marquee tech titans like Google, Qualcomm, and Intel. The flurry of investments lent the business an eye-popping $65 billion private valuation," Fortune said.
, Founder, Byju
Since its founding in 2011, the education startup has raised over $1 billion and is now worth more than $10 billion. Byju's has become India's biggest education technology company, helping millions of students prepare and study for the most important exams of their lives while teaching them a thing or two about core topics like mathematics and science.
Dhaval Shah/Dharmil Sheth, Co-founders, PharmEasy
Dhaval Shah and Dharmil Sheth
In Pharmeasy, 31-year olds, Dhaval Shah (the doctor) and Dharmil Sheth (the engineer) have created a pharmaceutical delivery company with an emphasis on logistics. PharmEasy
has been around since 2015, serves more than 700 cities, delivering both medications and diagnostic services, and has raised more than $300 million.
Adar Poonawalla, CEO, Serum Institute of India, 39
Adar Poonawalla, CEO, Serum Institute
The man is in the news
as Serum Institute gears up to produce the vaccine to fight coronavirus which has disrupted the entire world. "With the race to develop a vaccine for Covid-19 in full swing, SII, with its enormous manufacturing capacity, has been an obvious place for pharma companies
to turn. SII inked deals with both AstraZeneca and Novavax, committing to manufacture one billion doses of each vaccine, priced at $3 a shot, for low- and middle-income countries," says Fortune.
Manu Kumar Jain, global vice president, Xiaomi, and managing director, Xiaomi India
Manu Kumar Jain, Managing Director, Xiaomi
39-year old Jain knew nothing about smartphones when Chinese giant Xiaomi
tapped him in 2014 to build its India operations from the ground up. But he did know a thing or two about startups, Fortune said. The last company he founded, Jabong, was a fashion e-commerce player that was sold to Flipkart.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.