Two Indian American highflyers shine in Fortune 40 Under 40 list


Two Indian Americans have earned their place in Fortune’s 40 Under 40 list. Fortune’s annual 40 Under 40 list shines a spotlight on influential individuals shaping business in 2022. The founders, executives, investors, and activists on this year’s list are people who have earned their spot in the list by creating and seizing opportunities.

“They’re empowering others. They’re exploring new treatments for diseases that affect millions. They’re connecting people. They’re building upon their successes as athletes and entertainers. They’re trailblazing in their industries,” says Fortune. “And they’re even building new ones. They’re divided into five broad categories: Venture and Startups, Culture and Society, Finance and Crypto, Tech and Innovation, and Health and Bioscience.”

Kanav Kariya[above rigt], 26, president of Jump Crypto figures in the Finance and Crypto category of Fortune’s annual 40 Under 40 list. Kanav Kariya started as an intern at a Jump Trading startup incubator for crypto companies, but last year, the company handed him the reins of its rebranded, 170-person digital assets division, Jump Crypto. Since then, he’s overseen billions in investments in the crypto space and helped position the company as a major player in Web3. As for future ambitions, Kariya tells Fortune that he wants Jump Crypto to be a “key infrastructure builder that is part of the furniture of the industry as it scales.” Even as the crypto downturn rages on, Kariya’s Jump Crypto is undeterred. In just about a year, it has invested in more than 100 crypto companies.

The other Indian American to hold his own in Fortune’s annual 40 Under 40 list is Ankit Gupta, 35, founder and CEO of Bicycle Health in the Health and Bioscience category.

The Department of Health and Human Services says that the top priority in addressing the opioid crisis in America is improving access to treatment and recovery services. Yet 40% of US counties lack facilities that offer medication-assisted treatment. Ankit Gupta’s Bicycle Health aims to fill that gap with specialized telehealth services for opioid use disorder.

Gupta founded the company in 2017 when he bought a single clinic in Redwood City, Calif. Then in 2020, government regulations were relaxed to allow for more opioid-treatment medications to be prescribed online. Since then, Bicycle Health has expanded to 29 states, treated 20,000 patients, and raised $83 million in venture funding.

Bicycle says it has a 40% higher rate of retention than standard in-person clinics, as well as a lower cost for many patients, owing to the ease of access via telehealth. With the $50 million in funding Bicycle received in June 2022, Gupta told Fortune that he plans to expand to six more states over the next couple of quarters, improve Bicycle’s tech, and grow the number of health plans offering Bicycle’s services.