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Ankur Jain

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Ankur Jain
Ankur Jain in 2024
Born1990 (age 33–34)
Bellevue, Washington,US
EducationWharton School of the University of Pennsylvania
Occupation(s)Founder and CEO of Bilt Rewards
Employers
SpouseErika Hammond (26 April 2024)
FatherNaveen Jain
Websiteankurjain.net

Ankur Jain(born c. 1990)[1]is an Americanentrepreneurand investor who is the founder and CEO of Bilt Rewards, a credit-card/debit-card loyalty company that rewards consumers on rent payments.[2]As of 2024,Forbesestimated his net worth at US$1.2 billion.[3]

Previously, he founded an investment firm,Kairos,[4][5][6][7]and a technology company, Humin.[8]After the acquisition of Humin, Jain also served as VP of Product at Tinder.[9]

Early life

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Ankur Jain was born inBellevue, Washington,part of theSeattle metropolitan area.[10][11]He grew up inRedmond, Washingtonand his parents are Anu andNaveen Jain,both entrepreneurs in thetechnology industry.[5]By age 11, he had created the websiteMyOnlineQuiz.[12]

Jain attendedWharton School of the University of Pennsylvania.[12][13]

Career

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In 2008, Jain founded theKairos Society,anincubatorfor young entrepreneurs.[12][13]Through Kairos, Jain identified entrepreneurs coming out of universities and worked with them to launch new ventures tackling issues in areas like healthcare, clean water, global transportation, and education. As of May 2017, companies coming out of the Kairos program have gone on to raise a total of more than $600 million and have a combined value of more than $3 billion.[10]Kairos Society was also named a partner in PresidentBarack Obama's Startup America Partnership.[12]

In 2012, Jain left to become the founder and CEO of technology company, Humin.[5][14]The San-Francisco-based startup developed a new address book that organized contacts by contextual cues like where people met, where contacts live, and what they do.[15][16]Jain raised $15 million for Humin before the company was acquired byTinderin 2016.[10]

Following the acquisition,[17]Jain stayed on as vice president of product at Tinder.[17][9][14]He is rumored to be behind the development of Tinder Select, a version of Tinder for famous celebrities and public figures.[18]

Jain left Tinder in May 2017 to rejoinKairosand launch a new venture fund focused on building solutions to issues such asstudent debt,affordable housing,child care,andworker retention.[19]Since the fund's announcement, Jain has helped launch a company called Rhino to replace security deposits with a low monthly fee.[20]He has also partnered with UK-based startup, Cera, to bring home care to the elderly.[7][21]

Jain founded and runs Bilt Rewards out of Kairos in 2021.[22]It is a home rental rewards startup, which raised $200 million from private investors at a $3.1 billion valuation in January 2024.[3]

Recognition

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As of September 2024, Forbes estimated his net worth at US$1.2 billion.[3]In 2017, Jain was named aYoung Global Leaderby theWorld Economic Forum.[23]He was called “The Best Connected 21-year-old-in the World” byInc.[1]and named to the30 under 30list byForbes,[24]as well as similar lists byInc.[25]andThe Christian Science Monitor.[26]

Personal life

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In April 2024, Jain married formerWWEwrestler Erika Hammond in Egypt.[27][28]

References

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  1. ^abHelm, Burt (June 27, 2011)."Meet Ankur Jain, the Best-Connected 21-Year-Old in the World".Inc.RetrievedJune 26,2018.
  2. ^"Bilt, Startup Turning Rent Into Points, Valued at $1.5 Billion".Bloomberg.2022-10-25.Retrieved2023-11-07.
  3. ^abc"Ankur Jain".Forbes.Retrieved2024-09-27.
  4. ^Schiller, Ben (2017-11-16)."What Do Dr. Oz, Bobbi Brown, And Vicente Fox Have In Common? Apparently This New Social Entrepreneurship Fund".Fast Company.Retrieved2018-02-21.
  5. ^abcHempel, Jessi (2017-06-28)."The Master Networker Will Connect You Now".WIRED.Retrieved2018-02-21.
  6. ^Coonan, Clifford (June 13, 2016)."Young tech entrepreneur Ankur Jain is seeking to solve the world's biggest problems".The Irish Times.RetrievedJune 26,2018.
  7. ^abPilon, Mary (2018-08-23)."How Ankur Jain and Kairos Help Young Entrepreneurs Solve the Toughest Global Problems".Entrepreneur.Retrieved2018-08-27.
  8. ^Mims, Christopher (2014-07-21)."Meet Your Digital Butler: a 'Social OS'".Wall Street Journal.ISSN0099-9660.Retrieved2018-06-26.
  9. ^abSwisher, Kara (March 29, 2016)."As Expected, Tinder Buys Humin to Goose Better Relationships".Recode.RetrievedJuly 3,2018.
  10. ^abcWolfe, Alexandra (2017-05-19)."A Booster for Young Entrepreneurs".Wall Street Journal.ISSN0099-9660.Retrieved2018-02-21.
  11. ^Colarusso, Gabriella (2017-11-30)."Ankur Jain:" La Silicon Valley ha rimosso i bisogni veri "".pagina99(in Italian). Archived fromthe originalon 2018-08-16.Retrieved2018-02-21.
  12. ^abcdHerrup, Katharine (2011-02-25)."Into the future with the Kairos Society".Reuters.Archived fromthe originalon 2011-02-28.Retrieved2018-02-21.
  13. ^abPrior, Ryan (2017-05-03)."Inside Kairos Society, a network that could launch the next big startup".CNNMoney.Retrieved2018-02-21.
  14. ^abBertoni, Steven (2016-03-29)."Tinder Buys Humin In Push To Improve Its Dating Game".Forbes.Retrieved2018-03-20.
  15. ^McFarland, Matt (2014-01-20)."Humin: The app that uses context to enable better human connections".Washington Post.ISSN0190-8286.Retrieved2018-02-23.
  16. ^Bell, Karissa (June 1, 2014)."First Look at Humin, the App That Wants to Take Over Your Phone".Mashable.RetrievedJuly 3,2018.
  17. ^abLagorio-Chafkin, Christine (March 29, 2016)."Why Tinder Swiped Right on This Deal".Inc.RetrievedJune 26,2018.
  18. ^McAlone, Nathan (May 19, 2017)."Tinder's VP of product is leaving the company".Business Insider.RetrievedJuly 3,2018.
  19. ^Ha, Anthony (2017-03-09)."The Kairos Society, an organization for young entrepreneurs, has raised its own venture fund".TechCrunch.Retrieved2018-02-23.
  20. ^Michaels, Matthew (February 28, 2018)."A venture fund focused on middle-class problems is tackling a huge obstacle for millennial renters".Business Insider.RetrievedJuly 3,2018.
  21. ^Henry, Zoë (November 16, 2017)."Kairos Commits $25 Million to Startups Addressing 'Real Problems'".Inc.RetrievedJuly 3,2018.
  22. ^Crook, Jordan (2021-06-22)."A rewards program for your rent payments? Meet Bilt".TechCrunch.Retrieved2024-08-22.
  23. ^Gillett, Rachel (October 27, 2017)."These Americans are changing the world — and they're all under 40".Business Insider.RetrievedJune 26,2018.
  24. ^Bertoni, Steven (January 5, 2015)."Ankur Jain, 24, David Wyler, 29 - pg.14".Forbes.Archived fromthe originalon January 8, 2015.RetrievedJune 26,2018.
  25. ^"Top Young Entrepreneurs of 2011: 30 Under 30".Inc.June 27, 2011.RetrievedJune 26,2018.
  26. ^Eulich, Whitney (January 1, 2012)."Thirty ideas from people under 30: The Entrepreneurs: Ankur Jain: Solution broker".Christian Science Monitor.ISSN0882-7729.RetrievedJune 26,2018.
  27. ^"Inside a Billionaire CEO and Former WWE Diva's Epic Egyptian Wedding at the Pyramids: 'Once in a Lifetime Experience'".Peoplemag.Retrieved2024-05-01.
  28. ^"All the Stunning Photos from Bilt Rewards CEO Ankur Jain's Wedding to Erika Hammond in Egypt (Exclusive)".Peoplemag.Retrieved2024-08-21.
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