Mr Priven Reddy

From EverybodyWiki Bios & Wiki
Mr
Priven Reddy
Priven reddy1.jpeg priven reddy1.jpeg
Priven Reddy Wikipedia
Born1982/06/08
Durban
🏡 ResidenceDubai, UAE
🏳️ NationalitySouth African
🏳️ CitizenshipR.S.A
💼 Occupation
Entrepreneur in Dubai
📆 Years active  15
Kagiso Interactive, EON Aerospace, BetStar, DRYVAR , DRYVAR FOODS, Engage Halo VR
Notable credit(s)Was in involved to co -develop technology for Amazon Go.
🏡 Home townDurban
💰 Net worth6.3 Billion (2020)
Height175 cm (5 ft 9 in)
TelevisionTop Billing
🏅 AwardsUS Defense Department Awards C3.ai $95M Contract Vehicle to Improve Aircraft Readiness Using AI
HonorsJCI TOYP Winner 2019
🥚 Twitterprivenreddy
👍 Facebookprofile.php?id=100001514164223
📷 Instagram@privenreddy

Priven Reddy is a South African tech entrepreneur and self-made billionaire based in Durban.[1][2] He is the co-founder of WESENDER, a peer-to-peer file sharing application which was sold to an American VC for $100 million in 2020; PEERCASH, a peer-to-peer cash remittance network that will operate globally; and Dryvar, a transportation and fulfilment network technology company.

Life & career[edit]

Priven grew up in Chatsworth, a KwaZulu-Natal suburb, in his childhood he earned by selling cardboard boxes to a recycler, later on working as a waiter and then a car guard.[1]

In 2006, Priven co-founded Kagiso Interactive Media, mobile app development company in Africa, he serves as the CEO of the company.[3] The company is a recipient of multiple awards.[4][5] In 2017, Kagiso launched Krypteum, an A.I enabled cryptocurrency investment coin.[5]

In 2017, Priven co-founded Shypar, a delivery service based on Uber] operating model, whereby the drivers transport the goods using the Shypar app to locate the pick up and drop of points.[6]

In 2018, Priven founded Dryvar, a local ride-sharing app.[7]

In 2019, Priven backed by Amazon, launched Dryvar Foods, an on-demand food delivery platform. Dryvar Foods focuses to empower local communities by providing first time entrepreneurship opportunities, to the disadvantaged Black South African Youth[8].

In April 7, 2020, Reddy announced via his Instagram account that he would start a venture fund, focused on job growth. The fund is going to take on and tackle large scale employment opportunities by investing in e-commerce, innovation and real estate in South Africa.

To capitalize on the rapid growth of prepared-food delivery sector, in May 2020, Reddy's Dryvar Foods, announced the roll out of their "cloud kitchens" start-up business model with over 100 locations throughout the South Africa's major metropolitan areas. Cloud kitchens, also known as ghost kitchens, are purpose built facilities that are leased to restaurants to prepare food for delivery, off-site from their full-service/walk-in location. Cloud kitchens also allow "virtual restaurants" (those with no full-service location) to launch brands and offer delivery-only service. Dryvar Foods cloud kitchens, business operates under the name CloudKitchens PTY LTD.

In late 2020 Priven Reddy founded BENCHMARK VENTURE CAPITAL - SOUTH AFRICA that has invested into various tech startups ranging form fintech to gaming startups.

In August 2021 Priven Reddy funded and launched Leap Aerospace[9] - which has since be rebranded as EON Aerospace[10], to develop the next generation of supersonic passenger jets. EON Aerospace is headquaitered in USA and aimes to continue the legacy started by Concorde[11]. The Aérospatiale/BAC Concorde was a British–French turbojet-powered supersonic passenger airliner that was operated from 1976 until 2003.

He is now involved in various social upliftment initiatives to create employment opportunities for underprivileged youth in Africa.

References[edit]

  1. 1.0 1.1 "Innovator goes from rags to riches in a decade | Sunday Independent". Retrieved 2018-09-01.
  2. "Entrepreneur Magazine | Entrepreneur". www.entrepreneurmag.co.za. Retrieved 2018-09-02.
  3. "Young Durban businessmen achieve success with cryptocurrency". ECR. Retrieved 2018-09-01.
  4. "Interview: Krypteum's Brenton Naicker on How People Can Trust the Crypto Market - Mango OMC". Mango OMC. 2018-06-07. Retrieved 2018-09-02.
  5. 5.0 5.1 "Top Billing features businessman and entrepreneur Priven Reddy". www.topbilling.com. Retrieved 2018-09-01.
  6. "PressReader.com - Connecting People Through News". www.pressreader.com. Retrieved 2018-09-01.
  7. Editor (2018-08-27). "Car guard, waiter, bread delivery guy from rags to riches decoded". aBr Buzz - South Africa's leading automotive aftermarket magazine. Retrieved 2018-09-02.
  8. Editor (2018-08-27). "Car guard, waiter, bread delivery guy from rags to riches decoded". aBr Buzz - South Africa's leading automotive aftermarket magazine. Retrieved 2018-09-02.
  9. https://centreforaviation.com/news/new-supersonic-aircraft-start-up-leap-aerospace-announces-launch-1087633
  10. www.eonaerospace.com
  11. https://en.wikipedia.org/wiki/Concorde


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