EDUCATION
Meet an IIT Bombay dropout who found success in the crypto world and now works as co-head of Market-Neutral at BlockTower Capital.
For many students in India, getting into an IIT is a dream they work tirelessly to achieve. However, there are a few who, after making it to these prestigious institutions, choose to walk away to pursue different paths. Rahul Rai is one of them. He dropped out of IIT Bombay in 2015, leaving behind the chance to complete his engineering degree. Instead, he moved to the United States to pursue a Bachelor of Science in Economics from The Wharton School.
After graduating in 2019, Rahul began his career as an analyst in the Foreign Exchange (FX) Macro Hedge Funds team at Morgan Stanley in the U.S., where he worked for over a year. In 2020, he decided to leave his job, returning to India with a new goal in mind. Around this time, cryptocurrency was becoming popular in India, especially after the first COVID-19 lockdown. Intrigued by digital assets and blockchain technology, Rahul did extensive research in the field, ultimately deciding to launch his own crypto hedge fund.
In January 2021, Rahul co-founded Gamma Point Capital with his friends, Eash Aggarwal and Sanat Rao. Gamma Point Capital was designed to invest in digital assets, and thanks to Rahul's vision, it quickly became a success. The company attracted attention in the growing crypto market, gaining traction within months.
Soon after, an irresistible opportunity came along. Rahul and his team received an offer from BlockTower Capital, a prominent player in the crypto investment space, to buy Gamma Point Capital. In May 2021, they sold their company for a massive Rs 286 crore (USD 35 million). Reflecting on this decision, Rahul and his co-founders realized it would have taken years to achieve the same financial success.
Today, Rahul Rai works as the co-head of Market-Neutral at BlockTower Capital, a multi-strategy crypto hedge fund investing in various crypto assets and blockchain technology. His journey from IIT Bombay dropout to a successful leader in the crypto world shows how following one’s interests and adapting to new opportunities can lead to incredible achievements.
The DNA app is now available for download on the Google Play Store. Please download the app and share your feedback with us.
Delhi Metro: DMRC issues fresh advisory for passengers, warns against doing THIS in trains
Axiom-4 crew conducts advance research, global outreach in cancer, food sources...,will help in...
Scientists claim to find the oldest rocks on earth, discovered from...
Watch: Boeing plane hit by strong winds while landing, escapes crash
Delhi to enforce fuel ban on these vehicles from July 1; check details
Losing hair in your 20s? These 5 mistakes might be the reason
Who is T Raja Singh? Controversial Telangana BJP MLA quits party amid state leadership tussle
Canada announces new PR route, immigration norms: Here's how it will affect Indians
Indian Railways notifies fare hike: Ticket prices for AC, non-AC raised by...; check details
Delhi government launches Internship Programme for youth, know ALL about it
Neeraj Chopra wants to learn bowling skills from THIS Indian cricketer, his name is...
BIG move by Anil Ambani as Reliance Infra inks Rs 20000 crore pact with...; to explore...
BIG move by MS Dhoni as he files for trademark of nickname 'Captain Cool'
Kolkata student rape case: South Calcutta Law College suspends all classes; PIL seeks...
Did Shefali Jariwala die because of anti-aging drugs? What are these medicines and how do they work?
Good news for Gautam Adani as this company becomes first Indian firm to cross...
Viral video: Woman faints after winning Princess Diana’s iconic ‘Caring Dress’ at auction, WATCH
New UPI Rules: limits on balance check..., GPay, PhonePe, Paytm users to see major changes from...
Meet Royal princess who flew economy, went viral after video of her…, is not from India but…
'You will eat more when...': Indian mom feeds American vlogger with love, heartfelt video goes viral
Muharram 2025 Holiday in India: Will schools, banks, and markets be closed on July 7? Know here
NIOS Class 10th Result 2025 DECLARED at nios.ac.in: Check steps to download, direct link here
Anil Ambani plans BIG move as Reliance firm participates in global bids for...; plans to set up...
Good news for Lalit Modi as Supreme Court allows him to seek remedy in connection with IPL 2009 case
CUET 2025 UG Result Expected Today: Check steps to download scorecard, direct link here
Amid Sardaar Ji 3 controversy, THIS actor supports Diljit Dosanjh, says 'his mind is not poisoned'
What is special about International Space Station and how much of its life is left?
3rd Stage of Little Pepe's (LILPEPE) Presale Sells Out in a Flash
Shefali Jariwala's demise: Doctor gives major update in 'Kaanta Laga' girl sudden death, suspects...
India responds to defence attache's comments on Operation Sindoor, says, 'his remarks have been...'
This country uses heavy-lift drone to save man trapped in flooded city, WATCH viral video
Paresh Rawal confirms return as Baburao in Hera Pheri 3, details inside
'Too dependent on Jasprit Bumrah': Ex-India captain's brutal reality check for Shubman Gill and Co
Maharashtra government cancels 3-langauge policy resolutions amid 'Hindi imposition' charge
Air India Jet bound for Delhi from Tokyo lands in Kolkata due to..., airline issues statement
'Faith has no religion': Video of Muslim woman worshipping at Lord Shiva temple wins hearts online