Bengaluru gives India another billionaire. Who is IIT engineer & Meesho cofounder Vidit Aatrey?
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Vidit Aatrey, a 34-year-old Indian Institute of Technology Delhi alumnus who began his career in factory operations at ITC and later worked in strategy at InMobi, has joined India’s elite billionaire club. The co-founder and chief executive officer of Meesho Ltd crossed the billion-dollar mark on Tuesday after the e-commerce company’s shares surged 13%, extending a blistering post-listing rally that has turned the Bengaluru-based entrepreneur into the latest wealth creator from India’s technology capital. Aatrey holds an 11.1% stake in Meesho, equivalent to 47.25 crore shares. With the stock climbing to an intraday high of Rs 193.50 on the BSE, his net worth stood at Rs 9,142.87 crore, or about $1.005 billion. Co-founder Sanjeev Barnwal, who owns 31.6 crore shares, now has a stake valued at Rs 6,114.6 crore. Shares of Meesho surged to Rs 193.50 on Tuesday, well past their listing-day high of Rs 177.50 and comfortably above the listing pri...