Bhavin Turakhia Net Worth: Founder of Flock, Radix, CodeChef, Titan and Zeta

In the tech scene of the country, Bhavin Turakhia is recognized as a standout, but why exactly? Well, just so you know, this Indian entrepreneur has set the pace with the launch of numerous successful ventures, to a large extent Zeta and LogicBoxes stand out. From a simple man with no wealth and no connections, he became a hero in our day: a multi-millionaire with a net worth of over ₹12,623 crore (approximately $1.5 billion). And if you always wanted to know about his life, like what made him so successful and so famous, then keep on reading because that’s what we are up to today.

Early Life and Background

Bhavin Turakhia who was born in the city of Mumbai in the year 1979, was raised in an average middle-class Jain family and in the same city in this part of the world. He did his schooling at Arya Vidya Mandir School located in Bandra and, like numerous others in his locality, he was brought up in a very simple manner. At first, Bhavin was enrolled in science at D.G. Ruparel College but later he decided to make a switch to commerce, you know? Afterward, he graduated from Sydenham College of Commerce and Economics with a Bachelor’s degree. Though, Bhavin’s prodigious fascination with technology began in his childhood, and he did not wait long to use this skill, at just 18 years old, he co-founded his first company with his sibling Divyank using ₹25,000 which they had borrowed from their dad.

Building an Empire

In the year 1998 which is a very famous year in the tech scene, Bhavin co-founded Directi with his brother. It all started with a single web hosting company but as time went on, they expanded it to cover a number of internet technology areas. Gradually, the whole of Directi turned into a global business. An important milestone was achieved in 2014 when the Turakhia brothers offloaded four of their web-related firms, including Directi, to the tune of $160 million (approximately, ₹13,000 crore). Although this was kinda a turning point in Bhavin’s career, it was but one of many steps in his overall vision.

Founding LogicBoxes

So, here’s the story about the founding of LogicBoxes. It was just a normal year in 2003 when Bhavin finally brought LogicBoxes to life. You know, he started it all under the Directi Group and the rest is history. From the get-go, the company was aimed at perhaps some very regular things like domain registration. By the end of the year, however, the company had found its perfect match. And just so you know, it was the very first company to provide business automation tools for domain registrars and web hosts. With its help, some almost-lost businesses began to slowly stand up to competitors.

The Rise of Zeta

In the year 2015, Bhavin co-founded Zeta, you know, a fintech company that specializes in providing banking solutions that are modern and advanced. From the very start, the offerings of Zeta included software that catered to banks managing credit cards, debit cards, and other financial services. It was Bhavin’s observation that the necessity of the modernization of the banking system which kept using the old technology was of paramount importance, you know? Zeta became a hot product in a short span of time and in the year 2019, it received huge funding from Sodexo that stated the company was worth $300 million. Though, by the year 2021, the unmistakable progress of Zeta did not slip by the SoftBank company which invested in Zeta an amount of 250 million dollars, thus raising its worth to 1.45 billion dollars and turning Zeta into a unicorn, can you even believe that?