Pearl Kapur established Zyber 365, a startup specializing in Web3 and AI-based operating systems, in May of the previous year.
At the tender age of 27, Pearl Kapur, the visionary behind Zyber 365, has achieved an extraordinary feat by becoming India’s youngest billionaire. Zyber 365, an innovative startup specializing in Web3 and AI-based operating systems, has gained significant recognition with its headquarters situated in London and its operational base in Ahmedabad, Gujarat. With an astounding valuation of $1.2 billion, Zyber 365 has earned the distinction of being the swiftest unicorn in both India and Asia.
Pearl Kapur, the creator of Zyber 365, possesses an impressive fortune of $1.1 billion, primarily attributed to his 90 percent ownership in the company.
Kapur’s path to triumph commenced with modest beginnings, encompassing positions as a Financial Advisor at AMPM Store and a Business Advisor for Antier Solutions. Prior to establishing Zyber 365, Kapur also founded Billion Pay Technologies Pvt Ltd in February 2022.
Kapur’s educational background in MSC Investment Banking (CFA Pathway) from Queen Mary University of London provided him with the essential expertise to navigate the intricacies of the corporate realm.
In July 2023, the startup successfully raised $100 million in Series A funding.
The SRAM & MRAM Group, an agrarian company, recognized the potential of Zyber 365 and contributed 8.3 percent of the investment. Pearl Kapur, the visionary behind the startup, envisions a future where the integration of exponential technologies such as blockchain, AI, and cybersecurity, along with sustainable practices, will empower individuals worldwide. He refers to this future as Globalisation 3.0.
By investing $100 million in Series A funding, the Sram & Mram Group has demonstrated their recognition of the immense potential of Zyber 365. This strategic investment has propelled the startup to a valuation of $1.2 billion (approximately Rs 9840 crore), representing an 8.3% stake. Kapur’s unwavering commitment to his venture is evident in the rapid ascent to unicorn status within just three months, making Zyber 365 the fastest unicorn in both India and Asia. Currently, the startup holds the 109th position in India’s unicorn landscape.
Zyber 365, a distinguished Indian Blockchain Technology and Cybersecure AI Ecosystem Firm, has its headquarters in the UK but is resolute in establishing India as the central hub for its operations. The company’s Smart Contract Platform, which is compatible with the Ethereum Virtual Machine (EVM) and operates on a Layer 1 Chain utilizing the Proof of Authority (PoA) consensus mechanism, places great emphasis on sustainability, security, and energy efficiency.
These principles align with the goals of humanity and the United Nations Sustainable Development Goals (SDGs). As part of its ecosystem expansion, the company is preparing to launch its native token. The unveiling of the EVM Compatible Layer 1 (PoA) sustainable chain solution is scheduled for the end of May 2024, with the Mainnet set to go live. Additionally, Zyber 365 has ambitious plans to introduce a non-custodial DeFi wallet and AI Cashless Stores at Pumps.
Before establishing Zyber 365, Kapur gained extensive financial expertise as a Financial Advisor at AMPM Store and refined his entrepreneurial skills as a Business Advisor at Antier Solutions. His vision for Zyber 365 goes beyond mere empowerment, aiming to spearhead Globalization 3.0 and redefine the landscape of technological advancement. Looking at the broader context, the recent investments made by SRAM & MRAM Group emphasize a dynamic landscape of strategic partnerships for Zyber 365. These investments include a significant US$3.64 billion semiconductor fabrication plant in India and a substantial US$100 million injection into SpiceXpress’s air cargo business. These investments showcase the group’s commitment to cutting-edge ventures and further solidify Zyber 365’s position in the ever-evolving global market.