Tech billionaire Jaynti Kanani was introduced up in a small flat on the outskirts of Ahmedabad the place his father labored in a diamond manufacturing facility.
Gujarat man Jaynti Kanani was born into poverty, defied odds to get schooling after which went on to be a part of India’s first crypto billionaire co-founders. In 4 years of kickstarting Polygon, the founders achieved a market cap of $10 billion in simply 4 years in 2021. Kanani and Sandeep Nailwal constructed their billion-dollar comeback overcoming the non-IIT hurdle.
Kanani was introduced up in a small flat on the outskirts of Ahmedabad the place his father labored in a diamond manufacturing facility. Struggling to maintain up financing, the household couldn’t afford his schooling. Jaynti considers himself fortunate to have been in a position to full school. With life’s solely purpose to assist his household overcome poverty, Kanani studied engineering from Dharamsinh Desai University in Nadiad. He then bought a job in Pune for a Rs 6,000 month-to-month wage.
However, his father was pressured to give up working because of failing eyesight which led Jaynti to look for a job with an even bigger paycheck. He joined a startup and did a number of tasks part-time. He even took a mortgage to get married. Ridden with debt, Jaynti mentioned that constructing a billion-dollar agency by no means occurred in his thoughts.
Polygon was based in 2017 by Kanani, Nailwal and third co-founder Anurag Arjun. Their fourth co-founder Mihalio Bjelic, a Serbian techie, got here on board later. The agency thrust into limelight once they bagged an funding from considered one of America’s most well-known traders and Shark Tank choose Mark Cuban. In 2022, Polygon raised $450 million in funding from traders like SoftBank, Tiger Global, Sequoia Capital India. The market cap stands at round $6.7 billion (over Rs 55,000 crore) right this moment.
