Turakhia scores again with Media.net; $900 million deal makes him a billionaire at age 34.
Divyank Turakhia, who co-founded Directi with his brother, has struck again.
Turakhia sold his AdTech company Media.net to a Chinese consortium for $900 million, making him a billionaire at the age of 34.
Media.net allows web publishers to tap into a large pool of advertisers, including the Yahoo! Bing ad network. It started as sort of a contextual platform built on Yahoo! pay-per-click, but has grown significantly since then.
The company grossed $232 million last year and manages over $450 million in annual advertising revenue.
For Turakhia, this is just latest in a string of successes. The Indian entrepreneur made his first $1 million at age 18, $100 million at 23, and is now a billionaire.
In 2014, Turakhia and his brother Bhavin sold four of their brands to Endurance International Group for $160 million.
In some ways, Turakhia has domain name parking to thank for his latest success. He cut his teeth in web advertising by running domain name parking platforms including Skenzo and Domain Advertising, which are now part of Media.net.
Turakhia will stay on to run the business.
(Disclosure: I worked with Media.net for several years as SVP, up until about two years ago.)