Startup sold to IBM for Rs 37,000 Cr

Indian-origin entrepreneur Sunny Gupta recently sold one of his startups, Apptio — a SaaS (software as a service) company, to IBM

[{ "selector": ".njlsf-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateX(calc(360px - 30px))", "opacity": "1"}, {"offset": 1, "transform": "translateX(0)", "opacity": "1"} ] }]

The 53-year-old was born in Chandigarh. His father was an IAS officer while his mother's side of the family had entrepreneurs

[{ "selector": ".jrlgb-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateX(-329px)", "opacity": "1"}, {"offset": 1, "transform": "translateX(0)", "opacity": "1"} ] }]

In 1989, Sunny Gupta moved to the US to study at the University of South Carolina, where he was given a partial scholarship

[{ "selector": ".xnsju-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateX(calc(360px - 30px))", "opacity": "1"}, {"offset": 1, "transform": "translateX(0)", "opacity": "1"} ] }]

As he told NYT, “I started working odd jobs to support myself. I cleaned dishes. I worked as a mover. I studied like crazy and got a full scholarship”

[{ "selector": ".bwibk-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateX(calc(360px - 37px))", "opacity": "1"}, {"offset": 1, "transform": "translateX(0)", "opacity": "1"} ] }]

Sunny Gupta's first job was as a software developer, but the pace at which his career was growing wasn't enough to satisfy him

[{ "selector": ".giels-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateX(-329px)", "opacity": "1"}, {"offset": 1, "transform": "translateX(0)", "opacity": "1"} ] }]

He told NYT, “My first job was as a software developer, and then I did some consulting. But I said to myself, “This is going too slow”

[{ "selector": ".edqdj-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateX(calc(360px - 30px))", "opacity": "1"}, {"offset": 1, "transform": "translateX(0)", "opacity": "1"} ] }]

In 1996, at the age of 26, he founded his first venture, which was an enterprise application software company. For the first 6-9 months, Gupta didn't draw any salary

[{ "selector": ".fmlrd-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateX(-329px)", "opacity": "1"}, {"offset": 1, "transform": "translateX(0)", "opacity": "1"} ] }]

His second venture called Performant, a software firm. His third venture, which was centered around data center automation, was sold for $70 million, in 2007

[{ "selector": ".efmir-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateX(calc(360px - 30px))", "opacity": "1"}, {"offset": 1, "transform": "translateX(0)", "opacity": "1"} ] }]

Gupta is passionate about solving the customers’s problems through software and believes that money shouldn’t be the main motivation behind starting a business

[{ "selector": ".zrbgz-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateX(-329px)", "opacity": "1"}, {"offset": 1, "transform": "translateX(0)", "opacity": "1"} ] }]

Now, read about the Indian businessman who bought a home in Switzerland for Rs 1649 Crore

[{ "selector": ".biqaj-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateX(-329px)", "opacity": "1"}, {"offset": 1, "transform": "translateX(0)", "opacity": "1"} ] }] Click Here