Two Indian-origin entrepreneurs, Adarsh Hiremath and Surya Midha, have doubled their estimated wealth to around Rs 40,000 crore each after their artificial intelligence startup Mercor secured $750 million (around Rs 7,057 crore) in fresh funding at a valuation of $20 billion (approximately Rs 1.88 lakh crore).
The development has also made the two 23-year-old founders among the world's youngest self-made billionaires, highlighting the growing influence of Indian-origin entrepreneurs in the global artificial intelligence industry.
According to Forbes, Mercor's three co-founders, Chief Executive Officer Brendan Foody, Chief Technology Officer Adarsh Hiremath and board chairman Surya Midha, are now estimated to be worth $4.2 billion (around Rs 40,000 crore) each. The estimates are based on their respective 21 percent stakes in the company.
Their fortunes have nearly doubled from an estimated $2.2 billion (around Rs 20,700 crore) each in October 2025, when Mercor raised $350 million at a valuation of $10 billion.
The latest Series D funding round, announced on November 10, saw participation from investors including Benchmark, General Catalyst, Nvidia, Salesforce, Felicis, Apollo-affiliated funds and Zoom, among others.