The ranking of the self-made entrepreneurs aged forty years and under from India was released on Wednesday. The annual list saw 15 new entrants, all of whom are startup founders. “The cumulative wealth of the entrants in 40 & Under Self-made List increased by 11% in comparison to last year, currently standing at Rs1,83,700 crore,” as per a press statement.
Cofounder of Confluent, a streaming data technology company, Neha Narkhede at 37 is the youngest self-made woman entrepreneur in India while 19-year-old Kaivalya Vohra, the founder of quick commerce startup Zepto, is the youngest self-made entrepreneur on the list.
With a wealth of Rs 11,200 crore, Divyank Turakhia of Media.net was ranked at third place in the rich list, followed by Nakul Aggarwal and Ritesh Arora of BrowserStack both at fourth with Rs 9,900 crore each.
Ecommerce Flipkart’s Binny Bansal was sixth on the list with a wealth of Rs 8,100 crore.
Alakh Pandey, and Prateek Boob, the cofounders of edtech unicorn ‘Physics Wallah’ made their debut on the list and both are ranked at 11th position with a wealth of Rs 4,000 crore each.
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As per IIFL, 47 of the 53 entrepreneurs reside in India, while Bengaluru, called India’s silicon valley, housed the maximum (14) on the list. Moreover, software services and financial services are the major contributors to wealth for entrepreneurs under the age of 40.
“The current wave of start-ups and entrepreneurship has set global benchmarks and driving domestic players to compete with foreign competitors. It is encouraging to witness that the entrepreneurial ecosystem has emerged as one of the pillars of the new knowledge economy and created significant employment, wealth and opportunities. We, at IIFL Wealth, believe India’s start-up ecosystem will continue to generate wealth for individuals and the nation,” said Shajikumar Devakar, executive director, IIFL Wealth.
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