Akshay Ruparelia

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Akshay Ruparelia
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Born (1998-07-16) July 16, 1998 (age 22)
Hemel Hempstead
NationalityBritish
CitizenshipUnited Kingdom
Alma materQueen Elizabeth's School
Occupation
  • Entrepreneur
  • Business Coach
Known for
  • Doorsteps.co.uk
  • Estate agents

Akshay Ruparelia (born 16 July 1998) is a British entrepreneur and internet entrepreneur. He is the founder of Doorsteps, a UK based online estate agent. Doorsteps was formed in 2016 whilst Akshay was studying for his A-Levels.[1]

Early life and education

Ruparelia was born in Hemel Hempstead and later moved to Harrow, London where he attended Queen Elizabeth's School, Barnet. Ruparelia was born to Gujarati Indian parents, both who are deaf. His father, Kaushik Ruparelia is a care worker, and his mother, Reunka Ruparelia is a teaching assistant and support worker for deaf children. In 2016, he received an offer to study economics and management at the University of Oxford but deferred his place to focus on Doorsteps.[2]

Awards and recognition

Ruparelia has been covered by global publications from the United Kingdom and India such as Hindustan Times and The Economic Times.[3] Ruparelia has also made numerous television appearances on the BBC and This Morning (TV programme) on ITV.[4][5]

In May 2018, The Sunday Times Rich List ranked Ruparelia sixth in the "Britain's Millionaire Entrepreneurs Under 30" list.[6] He was included as one of the "15 Young Entrepreneurs to Watch in 2018" by Startups.co.uk and later that year featured in the TransferWise "Top 20 Under 20".[7] In 2019 Crowdcube listed Ruparelia as one of "Top 5 Entrepreneurs of The Year" and he was featured in The Great British Entrepreneur Awards (GBEA) for the "20 Most Exciting Entrepreneurs to Watch For In 2019".[8] In the same year, Ruparelia was featured in The Evening Standard "25 Future Faces 25 and Under" list.[9]

Other activities

Crowdfunding

Ruparelia has conducted two rounds of crowdfunding to raise capital for Doorsteps using the equity investing platform Crowdcube. In the first stage, Ruparelia raised £395,480 of its £400,000 target. 3.23% equity of the company was distributed to 492 investors.

In the second round, he raised £889,340, double the £400,000 capital target. As per the latest round, 4.71% equity was issued to 655 investors.[10]

The start-up was valued at £12 million in its first year. In 2020, Doorsteps was valued at £18 million making it the third largest online estate agent and tenth largest estate agent in the United Kingdom.[11]

Charity

In March 2020, Ruparelia became an ambassador for non-profit organisation, Royal Association for Deaf people. He is a board member of the The Princes Trust RISE young philanthropy campaign. He is also an ambassador for the Harrow United Deaf Club and supporter of the Step Up to Serve program by iwill Campaign.

References

  1. "19-year old entrepreneur sold his first house while studying his A levels". Business Insider. Business Insider. Retrieved 17 January 2021.
  2. "Quickfire Questions: Akshay Ruparelia". Forbes. Forbes. Retrieved 17 January 2021.
  3. "Indian-origin teenager becomes UK's youngest millionaire". Hindustan Times. Hindustan Times. Retrieved 17 January 2021.
  4. "How to become a multi-millionaire... at just 19". BBC. BBC. Retrieved 17 January 2021.
  5. "Teenage millionaire: I built my £12m business while I was still at school!". ITV. ITV. Retrieved 17 January 2021.
  6. "The Young Rich List 2019". The Times. Sunday Times Rich List. Retrieved 17 January 2021.
  7. "TransferWise's 20 Under 20: meet the UK & Ireland's top teen CEOs". TransferWise. TransferWise. Retrieved 17 January 2021.
  8. "Crowdfund site names agency boss as a top entrepreneur". Estate Agent Today. Estate Agent Today. Retrieved 17 January 2021.
  9. The Evening Standard (2 October 2019). "The Progress 1000: London's most influential people 2019 – 25 future faces 25 and under". The Evening Standard. Retrieved 17 January 2021.
  10. "Record £17 million crowdfunded by UK property start-ups so far this year". The Negotiator. The Negotiator. Retrieved 17 January 2021.
  11. "Online agent Doorsteps returns to crowdfunding as it says high street is dying". Property Industry Eye. Property Industry Eye. Retrieved 17 January 2021.

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