Aditi Avasthi

Aditi Avasthi is an Indian entrepreneur who is the founder and CEO of Embibe, an educational technology company, based in Bangalore. Economic Times Prime recognized her as the "Accenture Vaahini Innovator of The Year"[1] and was awarded for it in Economic Times Prime Women Leadership Awards 2019 (ETPWLA'19). Education Congress chose her as the "Woman Entrepreneur of the Year" in 2019, and she was chosen the 'Woman Of The Year’ by Vogue in 2018.[2] She was also ranked among BBC's top 100 Women in 2017.[3]

Aditi Avasthi
Born (1981-12-10) 10 December 1981
Ludhiana, Punjab, India
NationalityIndian
Alma materUniversity of Chicago
OccupationEntrepreneur
Notable work
Embibe

Early life and education

Aditi Avasthi was born in Ludhiana, Punjab, India on 10 December 1981. She is the daughter of Arun Kumar and Veena Avasthi. She had studied in multiple schools in India. In high school, she was intrigued by personalized education platforms.

Avasthi received a bachelor's degree in engineering from Thapar Institute of Engineering and Technology in 2003, and received her MBA in finance and marketing from the University of Chicago Booth School of Business in 2010.

Career

Following her schooling in India, Aditi started her career at Tata Consultancy Services where she collaborated in the growth of new business initiatives in the UK. While at Tata Consultancy Services, she won AIMI Young Leaders project, although her nomination for the award was initially rejected as she was too young.[4]

After her MBA, she joined Barclays as Deputy Chief of Product and Strategy Head for their mobile banking division in Africa. Later moving to Delaware, USA, in the year 2012, she worked at Barclaycard as the Director of Corporate Development in Mobile Commerce Business for an year. At Barclays, Avasthi contributed to overall mobile business strategy, and also led the design of the business cases on the monetization of mobile commerce.[5]

In 2012, she founded Embibe, with $700,000 funding gathered from family and friends, and she received further investments from Kalaari Capital and Lightbox Ventures during the following year.[6] which is a personalized engine for education based on a knowledge graph that connects all grades' curriculum and learning context together, so students can achieve their targeted learning outcomes. The platform also provides services based on the Joint Entrance Examination – Advanced.[7] Later she conducted a successful corporate round with Reliance Industries in 2018. In April 2018, Reliance Industries Limited announced an investment of $180 million in Embibe.[8]

Avasthi commented on her business, "Running my own business and being able to breathe life into my vision of disrupting the education system using data science and technology makes me more determined to achieve my goals. Patience, persistence and being able to multi-task come naturally to me as well as most women so that is a big advantage when starting from scratch."[9]

Awards and nominations
  • Fortune's 40 Under 40, in 2015[10]
  • Business Impact Woman Entrepreneur of the Year, Digital Disruptor[11]
  • BBC 100 Women for addressing illiteracy in 2017[12]
  • 40 Under 40 by Business World 2017[13]
  • Vogue Woman of the Year, under the category Young achiever, in 2018[14]
  • CEO of the Year, Edtechreview, February 2018
  • AICRA, January 2019
  • Woman Entrepreneur of the Year, Indian Education Congress/ Entrepreneur magazine, February 2019
  • CEO of the Year 2019 - India, CEO Monthly, March 2019
  • Accenture Vahini Innovator of the Year, Economic Times Prime Women Leadership Awards, March 2019
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References
  1. Mar 2019, ET Online | 30; Ist, 03:03 Am, ETPWLA 2019: Embibe founder Aditi Avasthi gets 'Accenture Vaahini Innovator of the Year', retrieved 2020-01-20
  2. "Vogue Women Of The Year 2018 Winners - Kareena Kapoor, Alia Bhatt". Vogue India. Retrieved 2020-01-20.
  3. "Mithali Raj named in BBC's 100 most influential women list of 2017". Hindustan Times. 2017-09-27. Retrieved 2020-01-20.
  4. Dasgupta, Brinda (5 January 2016). "First Year at Work: Reach out and grab opportunities says, Aditi Avasthi, CEO & Founder of Embibe". The Economic Times. Retrieved 22 November 2017.
  5. Saraswathy, M (14 July 2014). "'Embibe' performance improvement". Business Standard. Retrieved 22 November 2017.
  6. Srivastava, Samar (5 October 2015). "Embibe: A teacher's pet tool". Forbes India. Retrieved 22 November 2017.
  7. Jain, Samiksha (4 March 2016). "They Came, They Saw, They Conquered: 4 Women Who Chose unconventional Fields & Excelled". Enrepreneur India. Retrieved 22 November 2017.
  8. Bureau, BW Online. "Embibe Transformed into Largest AI Edtech Platform with 180M from Reliance". BW Disrupt. Retrieved 2019-02-21.
  9. "Gender bias or not there's no stopping for Indian's female startup brigade". The Economic Times. 22 November 2015. Retrieved 22 November 2017.
  10. "Aditi Avasthi - India's Young & Brightest Entrepreneurs in 40 Under 40 2015 - Fortune India". www.fortuneindia.com. Retrieved 2019-02-12.
  11. Kh, Tara; elwal (2016-11-19). "Meet The Digital Women Awards 'Disruptor' Winners". SheThePeople TV. Retrieved 2019-02-12.
  12. "BBC 100 Women: Who is on the list?". 2017-11-01. Retrieved 2019-02-12.
  13. Bureau, BW Online. "Embibe Transformed into Largest AI Edtech Platform with 180M from Reliance". BW Disrupt. Retrieved 2019-02-12.
  14. "Aditi Avasthi's Embibe combines AI and education in a revolutionary way". VOGUE India. 2018-11-10. Retrieved 2019-02-12.
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