Dilsher Malhi, an alumnus of the prestigious Indian Institute of Technology (IIT) Kanpur, has emerged as a driving force behind one of India’s most rapidly growing firms, achieving a remarkable valuation of over Rs 5,000 crore (over $600 million) within just five years of its inception. With a total funding of $122 million, the company has garnered attention and boasts partnerships with major players, including Jio Platforms led by Mukesh Ambani.
Hailing from Bikaner in Rajasthan, Dilsher Malhi earned his degree in Chemical Engineering from IIT Kanpur, laying the foundation for his journey into the entrepreneurial landscape. His academic journey included a stint as a research assistant at IIT-K and a role as a research associate at Switzerland-based EPFL.
In 2018, Dilsher Malhi, at 27, co-founded the gaming platform Zupee and Siddhant Saurabh. The platform quickly gained traction, offering engaging gaming experiences to users. Dilsher’s entrepreneurial understanding and commitment to innovation positioned Zupee as a significant player in competitive online gaming.
Last year marked a significant milestone for Dilsher’s company as it achieved a valuation of $600 million after successfully closing its Series B funding round, securing Rs 760 crore ($102 million). This funding included a Rs 30 crore investment from the previous year, highlighting the company’s sustained growth trajectory.
Zupee’s strategic partnerships further elevated its standing in the industry, with a notable association with Jio Platforms, led by Akash Ambani, the son of India’s richest man, Mukesh Ambani. Dilsher characterized this collaboration as a strategic partnership involving revenue-sharing agreements without equity investment.
Dilsher Malhi’s inclusion in the list of India’s Top 200 self-made entrepreneurs for 2023, released by IDFC First and Hurun India, underscores his impact and influence in the entrepreneurial landscape. At the forefront of the burgeoning online gaming sector, Zupee competes with established labels such as Dream11 and Mobile Premier League in India.
Dilsher’s journey from an IIT alumnus to the founder of a billion-dollar enterprise showcases the transformative power of innovation, strategic partnerships, and a relentless pursuit of excellence in the dynamic world of technology and gaming. As Zupee continues to thrive, Dilsher Malhi remains a notable figure in India’s entrepreneurial ecosystem, embodying the spirit of success and innovation.