Top Business Founders: Despite the fact that the company’s revenue reached billions of rupees, the shareholders eventually forced the founders out of business. We’re going to tell you about these entrepreneurs today who, despite being fired from the company, rose to great heights with it through hard work.
Rahul Yadav Founder of Housing.com
Rahul Yadav, the founder of Housing.com, was also shown the exit route from the business. IIT Mumbai alum Rahul Yadav, who raised $130 million in funding for Housing.com in just two years, has led the company to unprecedented heights. Rahul and his friend were having a lot of trouble locating a property in Mumbai after graduating from IIT. This is how the startup idea for him originated. After graduating from IIT in 2012, he started the business.
Ashneer Grover Co Founder of Bharat Pay
Ashneer Grover, a Shark Tank India judge, was one of the Bharat Pay co-founders. The business has reached new heights because to Ashneer. Ashneer was expelled from India as well. After losing the arbitration against the corporation, Ashneer was forced to step down from the board of directors. Madhuri Jain, Ashneer’s spouse, was also fired following claims of wrongdoing within the organisation.
Byju Raveendran Founder of Byju
On February 23, the shareholders dismissed Byju Raveendran, the founder of the edtech startup Byju. Shareholders overwhelmingly approved the ouster of Byju Raveendran, the company’s founder and CEO, and his family during the EGM. He and his spouse, Divya Gokulnath, founded Think and Learn Private Limited in 2011. He developed the educational software Byju’s. This software was released by him in 2015.
Steve Jobs Founder of Apple Inc
Together, Steve Jobs, Steve Wozniak, and Ronald Wayne founded this business. This business was founded on April 1st, 1976. The business was renamed “Apple Inc.” in 1977. Not only did the firm name change, but so did their logo. Nearly ten years after he founded the business in his parents’ garage, Steve Jobs was let go from his own company in 1985. Nonetheless, Steve came back to Apple as CEO in the late 1990s.
Sachin and Binny Bansal Founder of Flipkart
In October of 2007, Binny and Sachin Bansal established Flipkart. They were both former Amazon employees and IIT Delhi alums. At first, the business concentrated on selling books online and offering nationwide shipping. Following this, Flipkart grew steadily until it began getting hundreds of orders every day in 2008.
The company began to see an increase in revenue. During the Flipkart takeover deal with Walmart in 2018, Sachin got into a disagreement with the board of the company. He left the company after selling all of his shares for more than $1 billion. Following this, Binny Bansal also left Flipkart in 2018 while Walmart looked into the claims.