Biography of Shashvat Nakrani – From a college dropout to the youngest self-made billionaire

The 23-year old Indian entrepreneur, Shashvat Nakrani is the co-founder of the payments app, BharatPe. During the third year of his college, he realized the need to have a specified payment gateway that will help merchants to accept all payment apps like Paytm, Google Pay, BHIM, Phone Pe and others with just a single QR code, without deducting their margins.

Shashvat had a very clear focus on being established as a true SMEs partner of “Bharat”. With this innovative interoperable UPI QR with zero transaction fee, the company was able to grab a space in society and gain merchants’ interest.

Recently, Shashvat Nakrani also became the youngest self-made 90s born billionaire to feature in the IIFL Wealth Hurun India Rich List. Out of a total of 1,007 people, he is among the 13 billionaires having more than Rs 1 lakh crore of wealth.

An excerpt from IIFL Wealth Hurun India Rich list 2021 reads, “13 people born in the 90s made the list, all self-made. New Delhi-based Shashvat Nakrani, 23, of payment app BharatPe is the youngest self-made individual.”

Shashvat Nakrani Personal Details

Name	Shashvat Nakrani
Age	23 years
Date of Birth	Not mentioned
Place of Birth	Bhavnagar, Gujarat
Profession	Entrepreneur
Designation	Co-founder of BharatPe
BharatPe Headquarters	New Delhi, India
Father’s Name	Name not mentioned (Owner of an education institute in Bhavnagar, Gujarat)
Mother’s Name	Name not mentioned
Siblings	Not mentioned
Marital Status	Not mentioned
Net worth	Not mentioned

Shashvat Nakrani’s Early Life

• Shashvat had to face a lot of struggles during the initial stages of his career.
• His family always supported his career choices.

Shashvat Nakrani’s Educational Qualifications

• Shashvat completed his schooling at his father’s institute.
• He pursued his bachelor’s in textile technology Indian Institute of Technology (IIT), Delhi, and dropped out in his third year when the entrepreneurial bug bit him.

Shashvat Nakrani’s Career

• Shashvat launched a startup called, bookmyhaircut.com during his college days.
• With the problems he faced during his initial startup, he co-founded BharatPe during the third year of his graduation.

Shashvat Nakrani’s Achievements

• At the young age of 23, Shashvat has achieved the extraordinary feat of being listed as the youngest richest self-made individual in IIFL Wealth Hurun India Rich list 2021.
• He is also the youngest co-founder in the Fintech space in India.

BharatPay’s Awards and Achievements

• BharatPe is India’s largest Fintech Company with a network of over 20 lakh merchants and supports them with free UPI payments through a single QR code.
• It won the DigiDhan mission Fintech award 2018-19 at the MeitY startup summit 2019, for innovation in digital payments through emerging technology.
• The company won the national startup award 2020 in the Fintech category.
• BharatPe is the first-ever digital payments app that acquired 100 percent of Payback India, a multi-brand loyalty program from American Express and ICICI Investments’ strategic fund

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