Anupam Mittal

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Anupam Mittal
Born (1971-12-23) December 23, 1971 (age 50)
NationalityIndian
CitizenshipIndia
EducationMBA in Operations and Strategic Management
Alma materBoston College
Occupation
Employer
  • Shaadi.com
  • Makaan.com
  • Mauj
Known forFounding Shaadi.com, Makaan.com, Mauj and Mobango
Height5 ft 7 in (170 cm)
Spouse(s)Aanchal Kumar
Children1
Parents
  • Gopal Mittal (father)
  • Bhagwati Mittal (mother)
Websitepeople-group.com

Anupam Mittal is an Indian entrepreneur, angel investor, former actor, and business executive. Mittal is best known as the founder of matrimonial website Shaadi.com, real-estate platform Makaan.com, short video application Mauj and media company Mobango.[1] Anupam Mittal has gained major media attention after his participation in the Shark Tank India as one of the shark judges, since then, he is often interviewed by the media and seen meeting with notable Indian personalities. Mittal is noted as a popular entrepreneur of the Shark Tank India who has openly expressed to help young Indian entrepreneurs and shared that 2020-2030 decade will be for startups and entrepreneurship.

Mittal is one of India's early techpreneurs in India who has founded internet companies even before the internet bubble. Under his parent company People Group, he has also produced Bollywood movies including Flavors and 99.[2] Mittal gained popularity when he appeared as one of sharks in the reality television series Shark Tank India.[3] During the first season of Shark Tank India, Mittal has invested ₹5.338 crore in 24 companies. Mittal has been recognized as one of the fair sharks and caught attention of media and fans for it. During a Shark Tank India episode, while talking to one of the participating entrepreneur, Mittal shared that he should have not sold higher equity, a decision that he is regretting till now.

In an episode of Shark Tank India, Mittal disclosed that he has invested in over 200 startups, primarily in tech companies.[4] According to GQ India, as of February 2022, his networth is $2 Billion.[5]

Early life and education

Mittal was born on 23 December 1971 in Mumbai, India to Gopal Mittal and Bhagwati Mittal. For higher studies, he decided and moved to the United States in 1994. Mittal has completed his MBA in the Operating and Strategic Management from Boston College, United States.[6]

Career

Mittal started his career as a product manager at MicroStrategy in 1998. He remained with the company for four years and Mittal had become a multi-millionaire in his early 20's with the first dotcom boom when his company was valuaed at $40 million and had purchased a Ferrari car too. After the crash of the dotcom bubble, he suffered major losses and had to come back to India.

Mittal started Sagaai.com as a matrimonial site with a total capital of $30,000 capital which was later rebranded as Shaadi.com to match with the business line. He bought the domain Shaadi.com in 2001 from someone for $25,000. He focused on creating a business around planned marriages as during early 2000, concept of love marriage in India was not accepted. He found that there is an intense obesssion and intense pressure to get married in India and there were limited opportunities to find a life partner in the country. He continued to focus on the internet business even with slow growth initially and within the first year, Shaadi.com were able to get their first 100 marriages, after focusing on NRIs.

Later business of Shaadi.com picked up with the growth of internet and accessibility in India.

In an interview with BBC, he shared that he had his own fears when Facebook start getting high engagement and felt that it could be a possible matchmaking place and later realized that Facebook was in a completely different league. In July 2015, to focus on global expansion and new areas of business, Mittal stepped down as CEO from online matrimonial portal Shaadi.com.[7]

In March 2016, Mittal started working as CEO of Shaadi.com after around a decade of being an investor majorly in start-up companies.[8]

In December 2021, he is one of the investors or "sharks" in Indian business reality television series Shark Tank India.[9]

As an investor

In 2007, Mittal successfully raised venture capital, which gave him liquid cash. In the same year, he made his first angel investment in an ad agency, Interactive Avenue. Interactive Avenue, later became one of the largest ad agency in India and Mittal as one of the largest shareholders of the company. In 2012, he sold his equity and made significant profits from it.

In 2011, someone shared about Ola Cabs to Mittal, a tech company that allows to book a taxi from phone. Initially, Mittal rejected the idea and one day when he traveled to Delhi and wasnt able to find a taxi, this clicked to him and decided to make the investment in Ola Cabs. He first invested only INR 1.5 million to become the first investor in Ola Cabs. Later, Mittal had again invested an undisclosed amount in Ola Cabs and holds 2% equity in the company.

By July 2015, Mittal had invested in around 200 start-up companies such as Interactive Avenues, Ola Cabs, Druva, Sapience Analytics, Pretty Secrets, Cafe Zoe, Peel Works, TaxSpanner, Fab Hotels, Ketto, Prop Tiger, BigBasket, FarEye, Lets Venture and more.[10][7][11][12][13] While as one of the shark in Shark Tank India, he rose to prominence as an angel investor and made investment in 24 companies: Heart up my Sleeves, Cosiq, Revamp Moto, Skippi Pops, Vivalyf Innovations- Easy Life, Meatyour, ARRCOAT Surface Textures, LOKA, Annie, Caragreen, The Yarn Bazaar, Cocofit, Bamboo India, Let's Try, Find Your Kicks India, IN A CAN, The Quirky Nari, Hair Originals, The Sass Bar, PawsIndia, Sunfox Technologies, Watt Technovations, Tweek Labs and Jain Shikanji. In 23 offers, he had colloborated with other sharks and in ARRCOAT Surface Textures, a pain manufacturing company he was the sole shark and as a solo angel investor he had invested ₹50 lakhs for 15% equity.[14]

A news was published by Indian Express, which headlined that Anupam Mittal admitted that during Shark Tank India episodes, he has also made a few deals just out of FOMO.[15]

As an investor, Mittal has exited from 12 notable companies such as Vebbler, Truebil, StayAbode, simsim, Shaadisaga, Pipemonk, Near.in, HashLearn, DailyNinja and Blink.

In an interview with Ramesh Somani, Mittal has shared that he has not invested in Crypto currencies but he has invested in crypto companies and he believes that cryptos will be interesting in the future.

Bollywood

Mittal had a keen interest in Bollywood and the entertainment industry. He has played camro roles and also produced a couple of movies: Flavors (2003) and 99 (2009).

Public speaking

Mittal often speaks on the topics of entrepreneurship, raising capital and startup culture in the media. He shared his opinion that 2020-2030 decade will be for entrepreneurs in India. Mittal has often expressed his opinion on the scalability of business and how to increase revenues.

Mittal suggests entrepreneurs to believe in themselves, else they wont be able to walk even 10 steps forward.[16] He has coined a new term for entrepreneurship, SEXY.

Boards and memberships

Mittal sits on a number of boards, some of them include:

  • LetsVenture Online
  • Zepo
  • Chymera VR
  • HousingComplex
  • ShaadiSaga
  • Grip Kae Capital

Awards

Mittal was awarded as Outstanding Serial Entrepreneur and Angel Investor by The Indus Entrepreneurs (TiE) Mumbai in its second year of "Hall of Fame" 2020 awards.[17]

In 2015, Mittal received Karmaveer Puraskaar award from iCONGO.[18] He has also been named in BusinessWeek's list of 50 Most Powerful People in India.

Anupam Mittal interviews and media appearances

        

Personal life

Mittal got married on 4 July 2013 to his long-time girlfriend model Aanchal Kumar at Jaipur palace.[19] The couple has one daughter. In a news published in GQ India, it shared that Mittal is also a team of a boat racing team, Team Sharks.

Mittal is known for his extravagant lifestyle and he owns a number of high-end luxury cars including Lamborghini Huracan, Audi S5 and Mercedes Benz S-Class. He live in a posh area, Cuff Parade in Mumbai and owns a luxury home there.[20][21]

Mittal has always been always noted for his soft behaviour and to avoid controverisies, even when the media was behind to take his reaction after Ashish Chanchlani's Shark Tank India spoof video, he replied to ignore him and said that even he needs to do something for his bread and butter.[22]

References

  1. Murthy, Sushmita (2014-12-21). "Business of succeeding". Deccan Chronicle. Retrieved 2021-11-26.{{cite web}}: CS1 maint: url-status (link)
  2. Bureau, ABP News (23 January 2022). "Shark Tank India: Meet The Sharks Entrepreneurs Are Trying To Impress". news.abplive.com. Retrieved 23 January 2022.
  3. "From Aman Gupta To Peyush Bansal, Here're The Shark Tank Judges & Their Net Worth". IndiaTimes. 22 January 2022. Retrieved 23 January 2022.
  4. "2020 to 2030 is India's decade of entrepreneurship: Anupam Mittal - The Outreach News". Digital News Platform. 10 December 2021. Retrieved 23 January 2022.
  5. "Net Worth Of All The 'Sharks' From Shark Tank India". www.gqindia.com. 4 February 2022. Retrieved 19 March 2022.
  6. YouthIncMag (2013-08-01). "Kings of Dot Com". Youth Incorporated Magazine. Retrieved 2021-12-01.
  7. 7.0 7.1 "Anupam Mittal steps down as Shaadi.com chief executive, Gourav Rakshit elevated as CEO". VCCircle. 2015-07-10. Retrieved 2021-11-26.
  8. Russell, Ishita (17 March 2016). "Shaadi.com's Anupam Mittal plans come back as entrepreneur". DealStreetAsia. Retrieved 2021-11-26.{{cite web}}: CS1 maint: url-status (link)
  9. "Shark Tank India will air on Sony TV". The Indian Express. 2021-06-23. Retrieved 2021-11-23.
  10. Balakrishnan, Reghu (2014-11-27). "Anupam Mittal: The fund man behind Ola, Shaadi & many more". Business Standard India. Retrieved 2021-11-26.
  11. "Meet India's Super Angels, and the Top Startups They're Backing". NDTV Gadgets 360. Retrieved 2021-11-29.
  12. Kashyap, Karan. "The 8 Most Prominent Angel Investors In India". Forbes. Retrieved 2021-12-01.
  13. Soni, Yatti. "2020 to 2030 is India's decade of entrepreneurship: Anupam Mittal". @businessline. Retrieved 2021-12-27.
  14. Minnette, Dylan (3 January 2022). "What Happened To Arrcoat Surface Texture After Shark Tank India?". Retrieved 11 February 2022.
  15. "Shark Tank India's Anupam Mittal regrets making deals out of FOMO: 'The logic goes out of the window'". Indianexpress. Retrieved 2022-03-17.
  16. "Shaadi.com जिसने भारत में शादी करने के तरीके को बदलकर रख दिया | Anupam Mittal | Josh Talks Hindi". Retrieved 7 April 2022.
  17. ANI (2020-01-29). "TiE Mumbai announces its Hall of Fame". Business Standard India. Retrieved 2021-12-01.
  18. "Anupam Mittal Receives Karmaveer Puraskaar". Retrieved 2021-03-19.
  19. "Supermodel Anchal Kumar announces wedding - Times Of India". web.archive.org. 2013-11-02. Retrieved 2021-11-23.
  20. Nast, Condé (11 February 2022). "16 inside photos and videos of Anupam Mittal's uber-spacious & luxurious home in Cuffe Parade, South Mumbai". GQ India. Retrieved 19 March 2022.
  21. "Inside Shark Tank India's Anupam Mittal's home: Luxurious hall, spacious balcony and more". Zee News. 6 April 2022. Retrieved 7 April 2022.
  22. "Shark Tank India's Anupam Mittal reacts to 'character assassination' in Ashish Chanchlani's parody video: 'Ignore…'". The Indian Express. 5 April 2022. Retrieved 7 April 2022.

External links