Mr. Bijai Jayarajan is an entrepreneur, currently working on his second venture – Houm Technology Singapore Pte. Ltd. His first venture Loylty Rewardz Mngt Pvt Ltd – India’s #1 loyalty & rewards management company was sold to Bill Desk – India’s #1 bill payments company.
Founded in 2008, Loylty Rewardz was Bijai’s first venture. As Bijai worked to grow the company, he successfully raised over USD 26 million through 3 rounds of venture capital investment into Loylty Rewardz – first from investors VenturEast and Canaan Partners based in the Silicon Valley.
In 2015, the VC investors had a profitable exit from Loylty Rewardz by selling their stake to BillDesk, India’s #1 bill payments company, whose investors include General Atlantic, Temasek and TA Associates.
Started as a one person venture, the Company grew to 500 people strong, company processing over 200 million transactions per month worth over USD 6 billion, for over 1 billion consumer profiles. Loylty Rewardz manages loyalty programs of over 70% of all debit cards issued in India.
In December 2017, Bijai exited Loylty Rewardz after the successful acquisition of the company by BillDesk. He is one of the very few entrepreneurs in India to have given multi-bagger exit to his venture capital investors.
Post his exit, Bijai has been working on his second venture for over a year – an innovative consumer Internet product which would change the way individuals know and use the internet today.