Payal Kadakia
Payal Kadakia is the co-founder of physical fitness class website ClassPass.
Early Life
The younger daughter of two Indian immigrants, Harshad and Geeta, Kadakia grew up in Randolph, New Jersey and participated in her high school's cheerleading team. She began classical training in Indian dance at age 3[1] and started performing Indian folk dance at age 5.[2]
Kadakia attended Massachusetts Institute of Technology, where she graduated with a degree in Management Science. She joined Bain in 2005 as a management consultant. In 2008, she joined Warner Music Group as an associate director of strategy.[3]
ClassPass
Kadakia created ClassPass in 2011 when she struggled to find and book fitness and dance classes in New York City.[4] The company started with a $2 million initial investment[5] from Thrive, General Catalyst and Warner Music Group Vice President of Operations and Strategy Michael Fleisher.[6] Kadakia named the company Classitivity, a search engine for classes, and eventually changed the company name to Classpass.[7]
Classpass expanded to every city in the United States in 2015.[8] As of early 2017, the company was valued at an estimated $470 million, with $173 million from outside investors. Kadakia has a personal net worth of over $50 million.[9]
In 2015, Kadakia was named one of 2015's Most Promising Women Entrepreneurs by Fortune Magazine[10] and was named one of the 50 Most Influential Women in America by Marie Claire Magazine.[11]
Kadakia stepped down as ClassPass CEO in March 2017 to shift to an executive chairman role at the company, while Fritz Lanman was promoted to CEO.[12]
References
- ↑ Sorvino, Chloe. "Why Failing Twice Helped ClassPass's Payal Kadakia Build A $50 Million (And Growing) Fortune". Forbes. Retrieved 2018-05-25.
- ↑ Brussel, Joe Van (2013-04-01). "Payal Kadakia, Classtivity CEO And Co-Founder, Dances Through The Entrepreneurial World". Huffington Post. Retrieved 2018-07-31.
- ↑ Wong, Zara. "Meet Vogue Codes keynote speaker, Payal Kadakia - Vogue Australia". www.vogue.com.au. Retrieved 2018-07-31.
- ↑ Garcia, Ahiza. "ClassPass founder just wanted to book a dance class". CNNMoney. Retrieved 2018-05-09.
- ↑ "https://www.bizjournals.com/bizjournals/news/2015/03/25/classpass-scales-expands-studio-partner-benefits.html". www.bizjournals.com. Retrieved 2018-07-31. External link in
|title=(help) - ↑ Wong, Zara. "Meet Vogue Codes keynote speaker, Payal Kadakia - Vogue Australia". www.vogue.com.au. Retrieved 2018-07-31.
- ↑ Zipkin, Nina (2018-02-08). "This Successful Entrepreneur Explains Why You Can't Succeed Unless You Invest in Yourself". Entrepreneur. Retrieved 2018-05-25.
- ↑ "ClassPass: Most Innovative Company | Fast Company". Fast Company. Retrieved 2018-05-09.
- ↑ Berger, Sarah (2018-07-18). "ClassPass founder: This is the biggest difference between successful and unsuccessful people". CNBC. Retrieved 2018-07-31.
- ↑ "Meet Fortune's 2015 Most Promising Women Entrepreneurs". Fortune. Retrieved 2018-07-31.
- ↑ "The New Guard: The 50 Most Influential Women in America". Marie Claire. 2015-10-15. Retrieved 2018-07-31.
- ↑ "ClassPass Founder Payal Kadakia Is Stepping Down as CEO". Fortune. Retrieved 2018-07-31.
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