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5 Companies Founded By Elon Musk That Are Not Tesla

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Commonly known as the Nikola Tesla of our generation, Elon Musk is a technology entrepreneur, engineer and investor.  The self made billionaire managed to convert his scientific imaginations into reality and tried his hands in various fields, spread across technology, science and exploration.  Most noted for creating two huge companies, Tesla and SpaceX, here are 5 different companies also founded by tech genius Elon Musk.

Companies founded by Elon Musk

1) Zip2

Known as Global Link Information Network, this is the first company Elon Musk founded along with his brother Kimbel Musk and mentor Greg Kouri.  Elon Musk dropped out of his doctoral program just after 2 two days of enrollment, to launch the website. Founded in 1995, Zip2 was a web software company which helped local newspapers design online city guides.  Zip2 was later acquired by Compaq Computer for $ 340 million.

2) X.com

With the money he got from selling Zip2, Elon Musk founded the website X.com, along with his mentor Greg Kouri, in 1999.  X.com was an online financial services and email payment company and is considered as one of the world’s first online banks.  In 2000, X.com merged with its competitor Confinity, with Musk holding the majority of the Company’s shares. Musk served as the CEO of the Company until October 2000, after which he was ousted from the position due to disagreement with the other Company’s leadership.

3) OpenAI

Co founded by Elon Musk in 2015, OpenAI is a non profit profit organisation which specialises in research about artificial intelligence (AI.)  The main aim of OpenAI is to promote and develop friendly AI which can benefit the human race as a whole. Musk, along with other investors, pledged $ 1 billion to the venture.

4) Neuralink

Neuralink is a startup which Musk co founded along with Ben Rapoport, Dongjin Seo, Max Hodak, Paul Merolla, Philip Sabes, Tim Gardner, Tim Hanson and Vanessa Tolosa in 2016.  A neurotechnology company, Neuralink’s main focus is to create a device which can be implanted in the human brain to integrate the human mind and artificial intelligence.

5) The Boring Company

The Boring Company, an infrastructure and tunnel construction company, was founded after Elon Musk, stuck in traffic, tweeted, “[I] am going to build a tunnel boring machine and just start digging.”  The Boring Company was then founded in 2016. The Company started digging a 30 foot tunnel under Space X’s office in Los Angeles in 2017. Elon Musk once stated the Company became a personal hobby for him.

 

Considered one of the most powerful people in the world, Elon Musk worked hard to accumulate a net worth of $ 20.6 billion.  A successful inventor and entrepreneur, he is a true inspiration for our generation.

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Inverstors Stories

Info Edge Shareholders Approve ₹1,000 Crore Investment in New Venture Fund

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Info Edge

Info Edge (India) Ltd shareholders have overwhelmingly approved an investment of up to ₹1,000 crore in the company’s third venture capital fund, Info Edge Ventures Fund III. The proposal received near-unanimous backing, with 99.9995% of valid votes in favor out of 1,274 participants.

Smartweb Internet Services Ltd, a wholly owned Info Edge subsidiary, will act as sponsor and investment manager for the new fund. This move strengthens Info Edge’s commitment to backing early-stage startups and expanding its footprint in India’s venture capital landscape.

Info Edge has a strong track record as an early investor in leading Indian startups like Zomato and PB Fintech, with combined holdings in these firms valued at ₹31,500 crore ($3.7 billion) as of March 31, 2025.

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Entrepreneur Stories

Razorpay Partners with MeitY Startup Hub to Accelerate Deeptech Innovation in Tier II and III Cities

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Razorpay

MeitY Startup Hub (MSH), under the Ministry of Electronics and Information Technology, has partnered with fintech leader Razorpay to support the growth of deeptech and emerging tech startups across India, with a special focus on those in Tier II and III cities. Through this collaboration, early-stage startups will gain access to Razorpay’s fintech infrastructure, mentorship, and resources via the Razorpay Rize program.

Startups in areas like AI, blockchain, robotics, and IoT will benefit from streamlined company incorporation support, expert mentorship, product credits, and guidance for applying to global accelerators such as Y Combinator. Selected founders will also join the exclusive Rize Community, connecting with peer networks and attending masterclasses.

MSH CEO Panneerselvam Madanagopal emphasized that this partnership will help founders scale faster by providing vital support in mentorship, capital access, and digital infrastructure. As India’s startup ecosystem surpasses 159,000 DPIIT-recognised startups, this initiative aims to give deeptech entrepreneurs the tools and networks needed to innovate for India and expand globally.

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Funding

Info Edge Delivers 36% Returns on Startup Investments

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Infoedge

Info Edge, the parent of Naukri.com, has achieved a 36% gross internal rate of return (IRR) on its startup investments since 2007, turning a total investment of INR 3,959 crore across 111 startups into a portfolio now valued at INR 36,855 crore-a nearly 9X gain. Early bets on Zomato and Policybazaar have been especially lucrative, with holdings in these two companies alone worth INR 31,500 crore as of March 2025.

The company’s investment strategy spans multiple vehicles, including the SEBI-registered Info Edge Venture Fund (IEVF), Info Edge Capital, and Capital 2B, with a combined fund corpus of INR 3,423 crore and Info Edge committing INR 1,614 crore. Early-stage investments now contribute 30-40% of the company’s overall value.

Info Edge’s Alternative Investment Fund (AIF) investments have yielded an IRR of 18.7%. Many portfolio companies, such as TrueMeds, Geniemode, Attentive.ai, and InPrime, have attracted follow-on funding from major investors like Accel, Peak XV Partners, and Tiger Global. Notably, BlueStone, the largest investment of Info Edge Capital, has filed for an IPO after securing investments from Prosus, Peak XV, and Steadview Capital.

Founder Sanjeev Bikhchandani emphasized the company’s focus on strong governance and financial controls, with a preference for value realization through public listings or strategic exits.

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