Telegraph India did a story on Prakhar Bindal of Axsiom and his domaining empire. The story entitled, “What’s in a domain name? A Zillion things, and Prakhar Bindal is turning them into billions!” In August Prakhar organised World Domain Day 2014 in Mumbai. The article goes into how he got started and includes an interview.
From the article:
Prakhar Bindal, the 26-year-old CEO of Axsiom, can only get richer. After all, the value of domain names can only increase. The Mumbai-based entrepreneur’s first big break was buying the domain name Hangouts.net for $2 and selling it for $1,200, making a cool 600 times return. An IIM-C graduate, Prakhar started only three years ago and now has an asset base of over $10 million.
Like real estate prices, domain names keep increasing in value and a deal like 100.com (which sold for just under a million dollars) might soon come his way.
Prakhar has sold over 3,500 domain names, of which 850-plus are owned directly by Axsiom. “We have sold names from as low as just a few hundred dollars for simple domains to as high as six-figures for ultra-premium names. Our sweet spot is the $2,500-$5,000 level,” he says.
To sharpen his entrepreneurial skills, he recently spent a day with Kumar Mangalam Birla. “I was intrigued to know the story of how a 28-year-old successfully spearheaded a company in times of turbulence and led it to become a $40-billion conglomerate,” he adds, before sharing his success story with t2.
Read the full story on Telegraph India
Interesting read!
Not a good study in PR representation and a wasted opportunity.