Entrepreneur and Shaadi.com founder, Anupam Mittal, who can also be a ‘shark’ on the wildly common present, Shark Tank India, spoke about how he grew to become a multi-millionaire in as early as his younger 20s however misplaced all of it, and began all the things anew. Mittal spoke of the dot com bubble that burst and took all the things with it within the early 2000s.
Mittal’s inspiring submit was meant to shed gentle for entrepreneurs on the importance of taking a leap of religion, not backing down and calling it a day until they really gained. The dot com bubble ballooned, coinciding with the adoption of the ‘World Large Net’, and creating worth within the booming startup ecosystem, additional propelling the creation of many millionaires. However then the bubble crashed, and the ecosystem took a tough beating, with many startups shutting down.
Recalling his expertise from that fateful interval, Mittal mentioned, “I grew to become a multi-millionaire in my early 20s. After which misplaced all of it within the dot com bubble of the 2000s. Again then, I used to be driving excessive as a part of MicroStrategy that skyrocketed to a $40 billion valuation. Life within the US felt like a dream. A lot so I even ordered a Ferrari. However as rapidly because it got here, all of it vanished. The dot com bubble burst, and with it, the cash disappeared. Actually, I received into heavy debt,” he mentioned.
He was again in India in 2003 with nothing however reminiscences – of profitable and shedding huge – he mentioned in his social media submit. “With the sort of audacity that solely comes from shedding all of it, I got down to construct one other dot-com enterprise— Shaadi.com (amongst others reminiscent of makaan.com & Mauj Cell). The area value $25,000, and we had solely $30,000 left. It was an all-or-nothing transfer. Folks thought I used to be loopy. They questioned my enterprise sense too. However I went all-in as a result of I felt this might the game-changer. I turned out to be proper,” he mentioned.
Mittal mentioned regardless of the criticism and the naysayers, he discovered the braveness to step forward, and in flip modified all their fortunes. He mentioned it was by no means in regards to the cash however the potential to show that he may rise from the ashes, and that his “spirit of entrepreneurship wasn’t tied to a single success or failure”.
“Right this moment, I attempt to carry that very same mindset to all the things I do. Success isn’t about going together with the favored opinion – It is about strolling within the different course of the group and hopefully being proper. So, to the risk-taking professionals & founders on the market – maintain backing your self. The sport isn’t over till you win,” he mentioned.
Shaadi.com is without doubt one of the main matrimonial companies within the nation. The web matrimonial service additionally has community-specific matrimony platforms together with TamilShaadi.com, TeluguShaadi.com, MalayaleeShaadi.com, KannadaShaadi.com, BengaliShaadi.com, GujaratiShaadi.com, MarathiShaadi.com, PunjabiShaadi.com.
