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Shashvat Nakrani, 23-year-old co-founder of BharatPe, featured in Hurun India Rich List

The 23-year-old Shashvat Nakrani, co-founder of BharatPe, became the youngest person to feature in Hurun India Rich List.

Shashvat Nakrani, the 23-year-old IIT dropout and co-founder of payment app BharatPe, became the youngest person to feature in the IIFL Wealth Hurun India Rich List. This self-made billionaire is among the 13 on the list who were born in the 90s.

Nakrani co-founded the FinTech startup BharatPe in 2018 along with Ashneer Grover, when he was in his third year in IIT Delhi.

He came up with this idea when he noticed the large gap in the market, a payment getaway that was accessible to merchants that did not cut into their margins, and so, he went to figure out a solution that would help these merchants by leveraging the Unified Payment Interface’s (UPI) feature—interoperability.

BharatPe allows merchants to use just one QR code to conduct transactions for any other payment app like Paytm, PhonePe, Google Pay, and 150+ other UPI apps.

Shashvat Nakrani, 23-year-old co-founder of BharatPe, featured in Hurun India Rich List - The 23-year-old Shashvat Nakrani, co-founder of BharatPe, became the youngest person to feature in Hurun India Rich List.

India has 179 more super-rich people this year, led by Adani Group’s Gautam Adani, and the number of such individuals has crossed the 1000 mark. Both the Adani brothers have scored the top 10 position for the first time ever, with Mukesh Ambani topping again as the richest Indian.

This year’s list has some notable additions including 46 founders of 26 unicorns.

10 years ago, the youngest richest Indian was 37 years old, but this year he is only 23.