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We focused on creating value, not valuation: Bhavin Turakhia

Interview with Founder & CEO, Directi Group

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Directi Group

Sudipto Dey  |  New Delhi 

We focused on creating value, not valuation: Bhavin Turakhia

Earlier this week, Mumbai-born Turakhia brothers, Bhavin and Divyank, became the poster boys of the start-up ecosystem when they sold off their adtech company, Media.net, to a consortium of Chinese investors for a whopping $900 million. Their entrepreneurial journey started in 1998 with Rs 25,000 borrowed from their chartered accountant father. Over the last 18 years, they spawned a diversified $300 million web technology-based business - all bootstrapped without any external debt or investment. Bhavin Turakhia, founder and chief executive officer, Directi Group, tells Sudipto Dey that the group now plans to ramp up its existing businesses, as Media.net, managed by his brother Divyank, builds a business grounds-up in China. Edited excerpts:

What does the deal mean for employees?
We are ramping up our headcount from 1,200 to 2,200 in the current calendar year. Around 50 per cent of the additional headcount will come to Media.net that will now expand to China. This will give employees new opportunities to grow substantially in a new market. China is the second-biggest adtech market in the world, after the US. This deal will also benefit some key employees in the group who have stock options.

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First Published: Sat, August 27 2016. 00:34 IST
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