Upasana Taku: From Defying Family To Building An Rs 8,000 Crore Digital Payment Empire.
Upasana Taku is a successful Indian entrepreneur who defied her family’s expectations and built an Rs 8,000 crore firm. She co-founded MobiKwik, one of India’s leading digital payment platforms, and has since served as its chief operating officer. Taku’s journey to success is an inspiring story of perseverance and determination.
Taku’s early life was marked by academic success. She earned a degree in engineering from the National Institute of Technology, Jalandhar. Then she pursued a Master’s degree in Management Science and Engineering at Stanford University in the United States. After completing her education, she landed a job at PayPal, a leading digital payment company. However, Taku soon realized that her true passion lay in entrepreneurship. She began exploring the startup world and working on a business idea with her co-founder, Bipin Preet Singh. Together, they founded MobiKwik in 2009 with the aim of providing a seamless and secure mobile wallet service to Indian customers.
At the time, digital payments were not yet widely adopted in India, and the country’s infrastructure still needed to be fully equipped to support such services. However, Taku and Singh were undeterred. They worked tirelessly to build MobiKwik from the ground up, often investing their own money to keep the business afloat.Taku’s decision to pursue entrepreneurship was challenging. Her family had expected her to pursue a stable career in the United States, and they were initially hesitant about her decision to leave her job at PayPal and return to India to start her own business. However, Taku was determined to follow her dreams and persisted despite the initial skepticism of her loved ones.
MobiKwik’s success took time. Taku and Singh faced numerous hurdles along the way, including regulatory obstacles and fierce competition from other players in the market. However, they remained committed to their vision and worked tirelessly to make MobiKwik a success.
Over the years, MobiKwik has grown to become one of India’s leading digital payment platforms, with over 120 million users and a presence in over 3 million retail locations nationwide. The company has raised over $160 million in funding from investors such as Sequoia Capital, American Express, and Bajaj Finserv.
Taku’s success at MobiKwik has not gone unnoticed. Several organizations have recognized her for her entrepreneurial achievements, including the Forbes 40 Under 40 Asia list and the Fortune India 40 Under 40 list. In 2021, Forbes also named herself one of the World’s Most Powerful Women Entrepreneurs.
Taku’s success is an inspiring example of what can be achieved through hard work, determination, and perseverance. Her story serves as a reminder that, no matter how daunting the challenges may seem, it is possible to overcome them with persistence and a clear vision.
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Taku’s journey also highlights the importance of entrepreneurship in driving innovation and economic growth. By taking risks and pursuing their ideas, entrepreneurs like Taku can create new products and services that improve people’s lives and contribute to the development of their communities.
Finally, Taku’s story underscores the need for greater support for entrepreneurship in India. Despite the country’s significant progress in recent years, entrepreneurs still need to overcome numerous hurdles, including regulatory barriers and limited access to funding. By providing more support for startups and small businesses, India can unlock the full potential of its entrepreneurial ecosystem and drive economic growth and development for years to come.
In conclusion, Upasana Taku’s journey from an engineer in the United States to a successful entrepreneur in India is a testament to the power of perseverance, hard work, and a clear vision. Her story serves as an inspiration to aspiring entrepreneurs around the world.
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