Mid twenties is an age group wherein we have just begun earning decently and living the life we have always wanted, right? But the case of 27-year-old Pearl Kapur is truly exceptional. At such a young age, he has etched his name in entrepreneurial history by becoming India's youngest billionaire.
Pearl Kapur's startup Zyber 365 has risen to prominence very quickly, which contributed to his success. Zyber 365 is a Web3 and AI-based operating system startup that was founded in May 2023. In just three months, it disrupted the retail industry and became a unicorn. For the unversed, a unicorn is a startup with a valuation of $1 billion or more.
With operations based in Ahmedabad, Gujarat, and a London headquarters, the company has garnered praise for being Asia's and India's fastest unicorn, with a valuation of $1.2 billion (approximately ? 9,840 crore).
Also Read:?The Company That Made Steve Jobs A?Billionaire?For The First Time
Zyber 365's founder and CEO, Pearl Kapur, has an impressive net worth of $1.1 billion (about Rs 9,129 crore), and owns 90% of the company's shares, as per NDTV report. The startup has raised $100 million in Series A funding; of this, 8.3% came from the agricultural company SRAM & MRAM Group, which saw the enormous potential in Zyber 365.
Kapur, a Queen Mary University of London MSC Investment Banking (CFA Pathway) graduate, is regarded as a pioneer in the field of Web3 technology.
Pearl Kapur worked as a business advisor for Antier Solutions and a financial advisor at AMPM Store prior to founding Zyber 365. In February 2022, he founded Billion Pay Technologies Pvt Ltd as a result of his entrepreneurial spirit.
According to Pearl Kapur's vision, exponential technologies such as blockchain, artificial intelligence, and cybersecurity will come together with sustainable practices to create a solution that will empower the masses and usher in a new era he calls "Globalization 3.0."
Also Read:?This Beer?Billionaire?Reveals Why He Buys A Random Stock Once Every Two Weeks
For the latest and more interesting financial news, keep reading Indiatimes Worth.?Click here