Upasana Taku (File picture)
Upasana Taku was born in Gandhinagar to a Kashmiri household. Her dad and mom have been professors.
MobiKwik turned worthwhile within the March quarter and nobody might be happier than Upasana Taku, co-founder and Chief Operating Officer (COO) of the fintech agency. Taku expects that MobiKwik will have the ability to turn out to be absolutely worthwhile and double its income to Rs 1,000 crore within the present fiscal.
While MobiKwik has been an inspiration for thousands and thousands of start-ups in India, its co-founder’s story shouldn’t be much less motivational. From a Stanford graduate to the creator of a mobile-payment firm within the nation, check out Upasana Taku’s journey right here:
Upasana Taku was born in Gandhinagar to a Kashmiri household. Her dad and mom have been professors. She accomplished her education in Surat and determined to pursue engineering at NIT Jalandhar.
After that, Taku left to pursue a Master in Management Science & Engineering from Stanford University. There, she acquired curious about entrepreneurship. After graduating from Stanford, Taku labored at HSBC, and later, Paypal. But she was all the time curious about doing one thing on the grassroots degree. In 2008, she packed her bag and got here again to India.
Taku’s return to India left her dad and mom in shock. They tried to dissuade her from leaving her comfy life within the US. Taku was decided to perform her goals. She labored for a non-governmental organisation, Dristhee, as step one. In an interview with Outlook Business, Taku stated that “I liked what they were doing but not how they were doing it. NGOs in India are very poorly run.”
In 2008, some chips fell in place for Taku’s ambitions. In December 2008, she met Bipin Preet Singh, the person who would co-found MobiKwik together with her. Singh was working with a Noida-based chip firm at the moment and was curious about beginning an e-wallet agency. In August 2009, Singh began MobiKwik and Taku joined his enterprise a few months later.
Later, Singh and Taku acquired married.
The couple initially confronted struggles of their efforts to make MobiKwik profitable. No financial institution was prepared to offer them a platform, it was robust to rent workers and funding was low. Taku additionally confronted gender bias as an entrepreneur. But she and Singh managed to beat the chances.
In 2012, Taku created Zaakpay, a subsidiary of One MobiKwik Systems. The platform gives a digital cost gateway for e-commerce companies.
In 2018, Upasana Taku obtained an award from the President of India for being the primary girl to guide a funds startup. She featured in Forbes Asia’s Power 25 Businesswomen listing in 2019.
Taku plans to launch a public itemizing for MobiKwik, however thinks that the market shouldn’t be proper for any tech firm to be listed proper now, PTI reported. The firm was valued at $700 million throughout a fundraising spherical in 2021.
Read all of the Latest Business News, Tax News and Stock Market Updates right here
