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August 24, 2016

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Here's the The Lowdown from DN Journal,
updated daily
to fill you in on the latest buzz going around the domain name industry. 

The Lowdown is compiled by DN Journal Editor & Publisher Ron Jackson.

Big Week for the Turakhia Brothers: Divyank Sells Media.net for $900 Million, Bhavin Wins TWO Entrepreneur of the Year Awards

I was flying home from Ammar Kubba's wedding in Los Angeles Monday when I got the news that Divyank Turakhia had sold the company he founded and started from scratch, Media.net, to a Chinese investment group for an eye popping $900 million! This after Divyank and his brother and long time partner Bhavin had sold Directi to Endurance International Group in 2014 for approximately $160 million. Bhavin also had an instrumental role in the sale of Media.net, running the lengthy and complex legal negotiations in China.

Divyank & Bhavin Turakhia at the February
2008 T.R.A.F.F.I.C. West conference in Las Vegas

Many of us had the pleasure of getting know Divyank and Bhavin when they began attending and sponsoring U.S. domain conferences in mid 2000's to promote another of their companies - domain monetization service Skenzo.com. Divyank was especially active on the conference scene where he was often a featured speaker who shared his invaluable insight into our business. In September 2008 I wrote a Cover Story profile of Divyank that proved to be one of the most popular we have ever published. 

 

I snapped this photo of (left to right) Rob Grant, T.R.A.F.F.I.C. Co-Founder Rick Schwartz and Diyank Turakhia when we were running around Disney World in Orlando one night when the park was made available exclusively to attendees of the 2008 T.R.A.F.F.I.C. East conference that was held there. 

While Divyank switched his focus to the Internet advertising world with Media.net, Bhavin has continued to have a big impact on our industry with his latest company, Radix Registry, a key player in the new gTLD space. Bhavin's success has caught the eye of the mainstream business world as well, in fact we just learned today that he won two 2016 Entrepreneur Magazine India Entrepreneur of the Year Awards at ceremonies conducted last night in New Delhi

Bhavin Turakhia picking up one of the two Entrepreneur Magazine 
Entrepreneur of the Year Awards
he won last night (photo Bhavin shared on Facebook).

Bhavin, who won the Innovation in Tech and Serial Entrepreneur of the Year awards said, "The credit belongs to the awesome team Directi - the absolute best of the people that I have the privilege to work with daily, my brother Divyank...without whom none of this would have been fun!...and most importantly, our Dad, who has always taught us - "You can achieve anything you set your mind to."

Divyank and Bhavin have certainly proved that over and over again. For me, the most gratifying thing about seeing their continued success is that it absolutely could not have happened to two nicer guys. 

(Posted August 24, 2016)  


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