In a groundbreaking achievement, 27-year-old Pearl Kapur, the founder and CEO of Web3 start-up Zyber 365, has secured the title of India’s youngest billionaire, boasting a remarkable net worth of $1.1 billion. Kapur holds a commanding 90% of shares in Zyber 365 Technologies Ltd (UK), with the Sram & Mram Group investing 8.3%, raising $100 million in Series A funding, valuing the startup at $1.2 billion (approximately Rs 9840 crore).
An alumnus of Queen Mary University of London with an MSC in Investment Banking (CFA Pathway), Kapur’s entrepreneurial journey began in May 2023, culminating in Zyber 365 swiftly achieving unicorn status within three months. It now stands as the fastest unicorn in India and Asia, securing the 109th position among India’s unicorn landscape.
Founded by Indian-origin entrepreneurs Pearl Kapur (Founder & CEO) and Sunny Vaghela (Co-founder & CPO), Zyber 365 is renowned for its innovative EVM Compatible Web3 Layer 1 Proof of Authority (PoA) sustainable chain. Kapur’s commitment to environmental stability and alignment with United Nations SDG Goals is well-acknowledged, while Vaghela is celebrated as one of India’s top ethical hackers. The core team also includes Soneshwar Singh as CTO and Samiraj Singh as CFO.
Zyber 365, an Indian Blockchain Technology and Cybersecure AI Ecosystem Firm, is headquartered in the UK but aims to make India the central hub of its operations. The company’s EVM Compatible Smart Contract Platform, a Layer 1 Chain built on the Proof of Authority (PoA) consensus mechanism, prioritizes sustainability, security, and energy efficiency, aligning with Humanity & United Nations SDG Goals. The firm is set to launch its native token to support its ecosystem, introducing the EVM Compatible Layer 1 (PoA) sustainable chain solution with Mainnet scheduled to go live by the end of May 2024. A non-custodial DeFi wallet and AI Cashless Stores at Pumps are also part of Zyber 365’s ambitious plans.
Before Zyber 365, Kapur gained financial expertise as a Financial Advisor at AMPM Store and honed his entrepreneurial skills as a Business Advisor at Antier Solutions. His vision for Zyber 365 extends beyond empowering the masses, aiming to spearhead Globalization 3.0.
In a broader context, SRAM & MRAM Group’s recent investments, including a US$3.64 billion semiconductor fabrication plant in India and a US$100 million investment in SpiceXpress’s air cargo business, further highlight the dynamic landscape of Zyber 365’s strategic partnerships and the group’s commitment to cutting-edge ventures.
