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Draft:Naveen Tewari

  • Comment: Two deletions, still promotional from original decline, references mainly about the ventures and not him. As stated in the edit summary for the PAID tag, you will need to review WP:COI and WP:PAID and make the appropriate disclosure. CNMall41 (talk) 03:54, 10 September 2024 (UTC)

Naveen Tewari is an Indian entrepreneur and the CEO of InMobi.[1] He founded InMobi in 2007, which went on to become India's first unicorn.[2][3] In 2019, Naveen founded his second startup, Glance, which became a unicorn in 2020 after raising $145 million in investment from Google and Mithril Capital.[4][5][6] Glance turned unicorn within 2 years of its inception, joining the likes of PayTM Mall (April 2018), Udaan (September 2018), GlobalBees (December 2021), Mensa (November 2021), and CredAvenue (March 2022).[7] This made Naveen one of the few entrepreneurs who had founded two or more unicorns.[8][9][10]

Naveen Tewari
Born
Kanpur
Alma materHarvard Business School (MBA)
OccupationEntrepreneur
OrganizationInMobi
TitleFounder & CEO InMobi
HonoursUP Gaurav Samman

Naveen is also the co-founder of iSPIRT, an organization focused on fostering entrepreneurship in India.[11] He also founded and chairs a US-based nonprofit, India School Fund, which funds and sets up schools in rural India.[12] He also served on the board of Paytm.[13][14][15]

Naveen is a fan of pragmatic and traditional business models and has expressed doubts regarding the business models that rely heavily on attractive offers and deals.[16] He has been a proponent of building sustainable, lasting businesses, instead of focusing on short-term success.[17]

In 2024, on January 24, which is celebrated as Uttar Pradesh Day, Tewari was honored with the Uttar Pradesh Gaurav Samman by Chief Minister Yogi Adityanath for his contributions to the sector.[18]

Education and Career

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Naveen completed his Bachelor's in Mechanical Engineering from IIT Kanpur in India.[19] On completion of the degree program, Naveen began his career at McKinsey and Company, where he worked as a business analyst from 2000 to 2003.[20][21]

Naveen left McKinsey to pursue MBA at Harvard Business School. After graduating, Naveen joined Charles River Ventures (CRV), a venture capital firm focused on early-stage investments in the software and communications sectors. Naveen assisted CRV in developing their investment strategy for India.[1]

While working at CRV, Naveen conceived the idea of mKhoj, which aimed to monetize SMS-based search. mKhoj was launched in 2 007, but ran out of money.[22] Naveen decided to shut it down and instead founded InMobi, an advertising and technology company, in 2008 and was joined by Abhay Singhal, Amit Gupta, and Mohit Saxena as co-founders, who he knew from IIT-K or Harvard.[23]

In 2011, InMobi became the first Indian company to be valued at $1 billion (approximately ₹7,115 crore) and turned unicorn after receiving US$200 million in funding from Softbank.[17] By 2014, Naveen had managed to lead InMobi to success globally, while maintaining a strong international presence in India.[24]

In 2019, Naveen teamed up with Abhay Singhal, Mohit Saxena, and Piyush Shah to co-found Glance, which turned unicorn in November 2020 after raising $145 million from Google and Mithril Capital.[25][26][27]

Board Memberships & Affiliations

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Naveen Tewari is the Founder & CEO of the InMobi Group, which consists of InMobi, Glance and Roposo.[28] Glance owns and operates the Indian short-video content platform Roposo.[29] Tewari is also a board member of Paytm.[30][31] He is also the current Chair of Working Group 7 of the US-India CEO Forum, on the India side.

Naveen currently sits on the board of iSPIRIT, with the likes of Dr. Ajay Data, Bharat Goenka and Vijay Shekhar Sharma.[32][33]

Naveen has invested in the following ventures:

Year Company Sector Funding Round Total Amount Raised During Round Ref
2015 Springboard EdTech Seed US$ 1.7 million [34]
2015 NestAway Real Estate Seed US$ 1.2 million [35][36]
2015 RazorpayRize Payments Seed US$ 9 million [37][38]
2015 Zimmber Delivery Seed US$ 400,000 [39][40]
2015 Zapr MediaTech Seed NA [41]
2015 Indus OS Operating System Seed NA [42]

Awards & Recognition

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In January 2024, the Uttar Pradesh Government announced that Naveen Tewari would be honored with UP Gaurav Samman on Uttar Pradesh Day (24 January).[43] The UP Gaurav Samman was presented to Naveen by Chief Minister Yogi Adityanath during Uttar Pradesh Day celebrations.[44] In 2022, Naveen was a special guest at the Bengaluru Tech Summit inauguration ceremony, which was inaugurated by Indian Prime Minister Narendra Modi.[45] In June 2023, Naveen was on the Jury for the ET 40 under Forty leaders.[46]

Other awards and accolades include:

Year Name Awarded by Ref
2020 Influencer of the Year E4M Exchange [47]
2015 Super Rich Indians Hurun [48]
2014 Fortune India's 40 under 40 list Fortune [49]
2014 Most Creative People in Business 1000 Fast Company [50]
2014 Leadership Award for Outstanding Start Up Forbes India [51]
2013 Pathbreaker of the Year DataQuest [citation needed]
2012 Second Most Important Person in Mobile Advertising Business Insider [52]

Personal Life

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Naveen Tewari is married and lives with his wife Aditi, and two children, Niyati (17) and Avin (13). He married Aditi in 2010.

References

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  1. ^ a b D'Monte, Leslie (2019-08-26). "Naveen Tewari: Riding the unicorn". Mintlounge.
  2. ^ Singh, Manish (2024-07-17). "EXCLUSIVE: InMobi eyes $10 billion valuation in 2025 India IPO". TechCrunch. Retrieved 2024-09-09.
  3. ^ Balachandran, Manu. "FILA 2021 Outstanding Startup Entrepreneur: Naveen Tewari, The Unicorn Maker". Forbes India.
  4. ^ Bhalla, Tarush (2020-12-22). "InMobi's Glance turns unicorn in less than 2 years". Live Mint. Retrieved 2024-09-09.
  5. ^ "InMobi's Glance enters unicorn club after Google-led funding round". Business Today. 2020-12-22. Retrieved 2024-09-09.
  6. ^ Peerzada, Abrar (2020-12-23). "InMobi's Glance turns unicorn with $145 mn investment from Google, Mithril". Business Standard. Retrieved 2024-09-09.
  7. ^ Shanthi, S. (2022-05-30). "Startups That Turned Unicorns in Less than Two Years". Entrepreneur. Retrieved 2024-09-09.
  8. ^ "Naveen Tewari: The wizard of two unicorns". www.fortuneindia.com. 2021-01-05. Retrieved 2024-09-09.
  9. ^ "Success Story: इस कनपुरिया ने बिजनस जगत में मचा दिया भौकाल, IIT से निकल खड़ी कर दीं 2 बिलियन-डॉलर कंपन‍ियां!". Navbharat Times (in Hindi). Retrieved 2024-09-09.
  10. ^ "Google invests in Glance, second unicorn for Naveen Tewari". The Times of India. 2020-12-22. ISSN 0971-8257. Retrieved 2024-09-09.
  11. ^ "iSPIRT is split on core mission". The Economic Times. 2017-05-31. ISSN 0013-0389.
  12. ^ "InMobi's Naveen Tewari on the benefits of having cofounders "who are different yet similar"". The Economic Times. 2015-10-04. ISSN 0013-0389.
  13. ^ "The man who uses instincts over numbers". Business Standard.
  14. ^ Mishra, Pankaj; PK, Jayadevan (2015-06-24). "Paytm adds heavyweights like Ruchi Sanghvi, Neeraj Arora and Naveen Tewari on board". The Economic Times. ISSN 0013-0389.
  15. ^ "Why did InMobi succeed? It did things differently to compete, explains CEO Naveen Tewari". Firstpost. 2016-03-07. Retrieved 2017-02-02.
  16. ^ Verma, Mansi; Srikanth, Chandra R (2022-06-21). "25-40% unicorns won't survive due to foolish models, negative unit economics: InMobi CEO Naveen Tewari". Money Control. Retrieved 2024-09-09.
  17. ^ a b "'Failed spectacularly once, but continued to innovate'". The Times of India. 2023-02-22. ISSN 0971-8257. Retrieved 2024-09-09.
  18. ^ "UP to honour 2 with Gaurav Samman". The Times of India. 2024-01-24. ISSN 0971-8257.
  19. ^ "Business Success Story: Meet Naveen Tewari, A Kanpur Boy Who Built Two Billion-Dollar Startups In India". Zee News. Retrieved 2024-09-09.
  20. ^ "Bits to Billions | Naveen Tewari's 15 year startup marathon: From IIT Kanpur to building two unicorns- InMobi & Glance". Money Control.
  21. ^ www.ETTelecom.com. "Never be afraid of taking risks in life, says InMobi co-founder CEO Naveen Tewari - ET Telecom". ETTelecom.com. Retrieved 2024-09-09.
  22. ^ "Working wonders". theweek.in. Retrieved 2024-09-09.
  23. ^ www.ETRetail.com. "InMobi's Naveen Tewari on the benefits of having cofounders "who are different yet similar" - ET Retail". ETRetail.com. Retrieved 2024-09-09.
  24. ^ Anand, Shefali (2015-09-03). "The Successful Indian Tech Companies You've Probably Never Heard Of". The Wall Street Journal. Retrieved 2024-09-09.
  25. ^ P, Suraksha; Agarwal, Surabhi (2022-11-17). "Clouds of recession in US "darker than they seem", says InMobi CEO Naveen Tewari". The Economic Times. ISSN 0013-0389.
  26. ^ SN, Vikas (21 June 2022). "InMobi's Glance aims to cross one billion users in 2-3 years, says CEO Naveen Tewari". Financial Express.
  27. ^ Phartiyal, Anto Antony, Sankalp (2024-07-18). "Google Set to Lead $250 Million Round by Mobile Startup Glance". BNN Bloomberg. Retrieved 2024-09-09.{{cite web}}: CS1 maint: multiple names: authors list (link)
  28. ^ Sahay, Priyanka (2020-12-23). "Naveen Tewari creates second unicorn after InMobi; Glance raises funds from Google, Mithril". Money Control. Retrieved 2024-09-09.
  29. ^ Ghosh, Debojyoti (2021-01-05). "Naveen Tewari: The wizard of two unicorns". www.fortuneindia.com.
  30. ^ "The man who uses instincts over numbers". Business Standard.
  31. ^ Mishra, Pankaj; PK, Jayadevan (2015-06-24). "Paytm adds heavyweights like Ruchi Sanghvi, Neeraj Arora and Naveen Tewari on board". The Economic Times. ISSN 0013-0389.
  32. ^ "Our Donors". iSPIRT. Retrieved 2024-09-09.
  33. ^ "Digital India's tech team in turmoil on key exits". The Times of India. 2017-05-30. ISSN 0971-8257. Retrieved 2024-09-09.
  34. ^ Russell, Jon (2015-12-17). "Springboard Raises $1.7M For Its Mentor-Based Approach To Online Learning". TechCrunch. Retrieved 2024-09-09.
  35. ^ Sainul. "This startup helps singles find affordable NestAway from their home". e27. Retrieved 2024-09-09.
  36. ^ Abrar, Peerzada (2015-03-16). "InMobi's Naveen Tewari, IDG Ventures invest money in online home rentals firm NestAway Technologies". The Economic Times. ISSN 0013-0389. Retrieved 2024-09-09.
  37. ^ Pathak, Kalpana (2015-11-26). "The man who uses instincts over numbers". Business Standard.
  38. ^ FinSMEs (2015-10-27). "Razorpay Raises $9M in Series A Funding". FinSMEs. Retrieved 2024-09-09.
  39. ^ "InMobi team invests in Zimmber". The Times of India. 2015-06-30. ISSN 0971-8257. Retrieved 2024-09-09.
  40. ^ Shieber, Jonathan (2015-07-30). "With A Slew Of US Investors, Zimmber Launches Home Service Marketplace For India". TechCrunch. Retrieved 2024-09-09.
  41. ^ "Flipkart, Saavn invest in ZAPR". Business Standard. 2016-01-15. Retrieved 2024-09-09.
  42. ^ Inc42, Team (2015-09-30). "Mobile OS Firstouch Gets Funding From Snapdeal Founders, Naveen Tewari, Temasek Exec & Others". Inc42 Media. Retrieved 2024-09-09.{{cite web}}: CS1 maint: numeric names: authors list (link)
  43. ^ "U.P. govt to confer Gaurav Samman on Lucknow scientist, Kanpur entrepreneur". Hindustan Times. 2024-01-23. Retrieved 2024-09-09.
  44. ^ "Gaurav Samman to Dr Ritu, Naveen Tiwari". The Times of India. 2024-01-25. ISSN 0971-8257.
  45. ^ Service, Express News (2022-11-08). "PM to inaugurate 25th Tech Summit of Bengaluru". The New Indian Express. Retrieved 2024-09-09.
  46. ^ "ET 40 Under Forty: A platform that inspires young talent to strive for excellence". The Economic Times. 2023-06-29. ISSN 0013-0389.
  47. ^ "Naveen Tewari is Influencer of the Year 2020". e4m. 2021-03-06. Retrieved 2024-09-09.
  48. ^ "Ola founders youngest on list of super-rich Indians". The Times of India. 2015-09-12. ISSN 0971-8257. Retrieved 2024-09-09.
  49. ^ "Seven women in Fortune India's 40 under 40 list". Business Today. 2014-03-11. Retrieved 2024-09-09.
  50. ^ "Most Creative People In Business 1000: The Complete List". Fast Company. 2014-01-29. Retrieved 2024-09-09.
  51. ^ "Forbes India Leadership Awards : Winners 2014". www.forbesindia.com. Retrieved 2024-09-09.
  52. ^ Edwards, Jim. "Meet The 18 Most Important People In Mobile Advertising". Business Insider. Retrieved 2024-09-09.
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