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Naveen Tewari

From EverybodyWiki Bios & Wiki




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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
BornKanpur
🎓 Alma materHarvard Business School (MBA)
💼 Occupation
Entrepreneur
🏢 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[edit]

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[edit]

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[edit]

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[edit]

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

References[edit]

  1. ↑ 1.0 1.1 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 हिन्दी). 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. ↑ 17.0 17.1 "'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.
  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.
  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.

External links[edit]


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