Explore the story of a prominent figure in the food industry, Abhi Ramesh, who boasts a remarkable net worth estimated at $1 billion. In this article, learn how he has leveraged his natural inclination for entrepreneurship from an early age to establish an online grocery delivery store, Misfits Market, which has contributed to his huge financial success.
What is Abhi Ramesh’s Net Worth?
With an estimated net worth of $1 billion, Abhi Ramesh is one of the wealthiest social entrepreneurs. His company, Misfits Market, has contributed to Ramesh’s huge financial success as the company’s valuation rose to over $1 billion, earning it the title of a “unicorn” in the business world in 2018.
Yearly Earnings, Monthly Income, and Salary
Abhi’s income isn’t publicly available, but it is presumed to be substantial. Reports indicate that in 2020, his company Misfits Market delivered 77 million pounds of food to over 400,000 households across the United States, and this trend is expected to continue in 2023.
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Abhi Ramesh is a native of India who was born in 1992, and he spent most of his life in the United States of America. His parent left India for the United States of America, and they settled in suburban Atlanta.
Abhi Ramesh demonstrated his entrepreneurial spirit at a young age. While he was in high school, he purchased used books and textbooks from classmates at lower prices and resold them at a profit on Amazon Marketplace. Abhi also had an SAT tutoring company that sold tutoring programs to other people while he was in high school.
Abhi attended George Wharton Comprehensive High School for his high school education. He furthered his studies at the University of Pennsylvania’s business school Wharton School, where he earned a Bachelor of Science (B.S.) in Economics and a Bachelor of Arts (B.A.) in International Studies.
Abhi Ramesh is a multifaceted entrepreneur. He is the founder and CEO of Misfits Market, an online grocery delivery store. Additionally, he co-founded The Horizons School of Technology, a technological educational institute that collaborates with universities to offer software engineering and entrepreneurship programs to college and high school students worldwide. Abhi Ramesh established this institute in collaboration with Darwish Gani and Edward Lando.
Before founding Misfits Market and co-founding The Horizons School of Technology, Abhi started his career as a consultant for Operation Hope’s project in 2010, a project that focuses on teaching financial literacy and promoting economic awareness to high school students in West Philadelphia.
Between 2011 and 2013, Abhi worked as a research and teaching assistant at The Wharton School. He also co-founded Altair Prep between 2011 and 2014 and TrendBent between 2012 and 2013.
Abhi served as an Investment Banking summer analyst at Moelis & Company in 2014 and as an investment analyst at Apollo Global Management LLC between 2015 and 2016. Additionally, he co-founded StoreTok between 2013 and 2015, a platform that helps users of social media platforms like Facebook, Twitter, and YouTube monetize their online presence by making purchases based on comments or interactions on these platforms.
About Misfits Market
Misfits Market is an e-commerce grocery platform founded in 2018. The company buys fresh and perfectly healthy farm produce considered to be misfits–maybe due to their unusual appearance, size, color, weight, length, shape, etc.–and sells it to subscribers on its platform at a discounted rate.
Misfits Market’s business model entails sending refrigerated trucks every week to farmers to pick up the non-conformist produce, which are then transferred to the Misfits Market warehouse for sorting. When an order is placed on the Misfits Market online platform, the order is then delivered to the customer’s doorstep.
Abhi Ramesh’s Vision of Tackling Food Waste Through Misfits Market
The CEO and founder of Misfits Market, Abhi Ramesh, got the idea for the business after having a memorable experience while harvesting apples at a farm in Pennsylvania. He noticed that due to the strict size and color requirements set by grocery stores, perfectly good but slightly flawed produce was being thrown out. He became inspired to act after realizing how much food is wasted in America as a result of this encounter. The amount of food that Americans squander on an individual basis each year shocked Abhi as well. These led him to create Misfits Market, a company dedicated to lowering food waste by salvaging “ugly” produce and selling it to customers at reasonable prices. Abhi’s goal is to reduce food waste while creating a socially responsible company that benefits growers, clients, and staff.
There is no information about Abhi Ramesh’s marital status
Abhi Ramesh’s Age, Height, and Weight
Abhi is currently 31 years old. Information about his height or weight is unknown as of the time of writing.
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|CEO and founder of Misfit Markets
|31 (as of 2023)
|Number of Children
|Discord or Telegram
|Abhi Ramesh | LinkedIn
Abhi Ramesh’s journey from a young entrepreneur reselling books to the establishment of Misfits Market, an online grocery delivery service, is a testament to his inventiveness and commitment to solving serious problems like food waste.
Abhi has not only developed into one of the most successful social entrepreneurs but has also had a significant impact on the food industry, with a net worth estimated to be a remarkable $1 billion. He has established a sustainable method of food distribution through Misfits Market, saving “ugly” produce and making it available to households across the United States of America