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Nikhil and Nithin Kamath founded Zerodha in 2009. Its net profit doubled to Rs 2,094 crore in FY22.

Why Zerodha never hired IIT, IIM graduates. Here’s what CEO Nithin Kamath said

Jan 28, 2023

Zerodha’s founder Nithin Kamath, in a recent podcast, said they do not hire people who have passed out from colleges, including the IITs and IIMs, as he feels it is very tough to fit such people in its organisation.

“If you want to move to India as a domicile, we have to do a fresh market valuation and pay tax on the delta," Sameer Nigam, Co-founder and CEO, PhonePe said at a live YouTube session

Investors forked out Rs 8,000 cr to shift base from Singapore to India, says PhonePe CEO Sameer Nigam

Jan 25, 2023

“If you want to move to India as a domicile, we have to do a fresh market valuation and pay tax on the delta. Our investors have paid almost Rs 8000 crores in taxes just to allow us to come back to India,” Sameer Nigam, Co-founder and CEO, PhonePe said at a live YouTube session

 “A unicorn per se is not a good role model”. “The whole ecosystem was designed just to raise money. It was successful but the goals were wrong. We need the right role models,” Anand Lunia said. 

‘A unicorn per se is not a good role model,' says Anand Lunia of India Quotient

Jan 25, 2023

India Quotient boss Anand Lunia warns the startup ecosystem of ‘zombie unicorns’ as the funding slowdown deepens and companies find it even harder to extend their runway. Startups need to now benchmark themselves differently, he says.

Pune-based Ecozen has secured $25 million in a fresh funding round led by Nuveen, the Chicago-headquartered asset manager owned by US pension fund TIAA and Dare Ventures, the venture capital arm of Coromandel International

Climate-focused deeptech start-up Ecozen raises $25 mn from Nuveen, others

Jan 24, 2023

Pune-based Ecozen has secured $25 million in a fresh funding round led by Nuveen, the Chicago-headquartered asset manager owned by US pension fund TIAA and Dare Ventures, the venture capital arm of Coromandel International

Fintech start-ups in India raised a $5.65 billion last year. Despite the funding slowdown of 2022, and fewer $100-million+ rounds, the sector remained the second-most attractive for investors, according to Tracxn

Investor-favourite fintech sector hit by slowdown; funding in start-ups fell 47% in 2022

Jan 19, 2023

Fintech start-ups in India raised a $5.65 billion last year. Despite the funding slowdown of 2022, and fewer $100-million+ rounds, the sector remained the second-most attractive for investors, according to Tracxn

PhonePe was founded by ex-Flipkart executives Sameer Nigam, Rahul Chari and Burzin Engineer, and was acquired by the Sachin and Binny Bansal-founded company in 2016.

Walmart-owned PhonePe kicks off $1 bn fundraise with $350 mn first tranche from General Atlantic, others 

Jan 19, 2023

PhonePe recently announced a full separation from the Flipkart Group with Walmart continuing to be the majority stakeholder in them.

Amidst the funding winter, GetVantage, a revenue-based financing platform along with early-stage investing platform Inflection Point Ventures is eyeing investing in around 40 businesses on an average every month

GetVantage, IPV join hands to invest Rs 200 crore in 500+ start-ups

Jan 18, 2023

Amidst the funding winter, GetVantage, a revenue-based financing platform along with early-stage investing platform Inflection Point Ventures is eyeing investing in around 40 businesses on an average every month

T-Hub has impacted more than 2,000 start-ups through its various programmes and initiatives

National Start-up Day: Why incubator T-Hub believes 2023 will be a ‘promising year with few hiccups'

Jan 16, 2023

Hyderabad-based incubator T-hub, which has scaled 2,000+ start-ups, thinks sectors like SaaS, foodtech, and edtech could see a slowdown in 2023, while emerging sectors like EVs, spacetech, and femtech could perform well this year.

Paytm’s robust business model has created a two-way ecosystem through which it offers payment services to consumers and merchants and then distributes loans, says the fintech major

'Robust business model driving increased monetisation,' says Paytm in Q3FY23 update

Jan 14, 2023

Paytm’s robust business model has created a two-way ecosystem through which it offers payment services to consumers and merchants and then distributes loans, says the fintech major

Zepto, in its recap report, said that in 2022 the highest value of a particular order was from Noida at over Rs 23,000. The report stated that a user from Mumbai placed as many as 1,988 orders in the year

From milk to Ganga Jal: Zepto delivered over 120 orders per minute in 2022

Jan 14, 2023

Zepto, in its recap report, said that in 2022 the highest value of a particular order was from Noida at over Rs 23,000. The report stated that a user from Mumbai placed as many as 1,988 orders in the year

After a post-pandemic boom in 2020 and 2021, online education in India was faced with stiff challenges last year. Can it recover?

Edtech’s year of reckoning: VC funding falls 55% in a year dotted with challenges

Jan 12, 2023

After a post-pandemic boom in 2020 and 2021, online education in India was faced with stiff challenges last year. Can it recover?

100X.VC boss Sanjay Mehta, one of India’s most noted early-stage investors, believes the country will not be impacted by global recession and consumer demand will power the startup economy in 2023

India will see new start-ups in unlimited supply in 2023: Sanjay Mehta of 100X.VC

Jan 12, 2023

100X.VC boss Sanjay Mehta, one of India’s most noted early-stage investors, believes the country will not be impacted by global recession and consumer demand will power the startup economy in 2023

In another episode, Thapar will be seen walking out from the show. It is related to nutrition brands, Nestroots and sharks are at loggerheads to invest in it.

Sharks get sharp: Peyush Bansal and Anupam Mittal get into a war of words; Thapar walks out in Shark Tank India 2

Jan 12, 2023

While yesterday’s episode saw Peyush Bansal and Anupam Mittal getting into a war of words, Namita Thapar will be seen walking out in an upcoming episode.

The Flatheads co-founder was inspired by the concept and turned down a Shark Tank offer from Anupam Mittal

'Takes real guts to say no': Shark Tank judge Aman Gupta is confident Flathead's Balakrishnan will be back with a bang

Jan 10, 2023

Gupta gave tidbits of his own entrepreneurial journey. He recalled that his entrepreneurial journey was not easy and he had to restart it 5 times by taking up a job in the corporate world and saving money, only to restart.

Founded in 2021, Medbikri operates an app-first platform for chemists and pharmacists, and has already helped sell 25 lakh medicines and issued 1.5 lakh+ prescriptions

Mohandas Pai’s 3One4Capital, Meesho founders invest in healthtech start-up Medbikri

Jan 10, 2023

Founded in 2021, Medbikri operates an app-first platform for chemists and pharmacists, and has already helped sell 25 lakh medicines and issued 1.5 lakh+ prescriptions

eB2B emerged as the biggest sector with $2,250-2,750 million revenue in FY22 followed by foodtech at $900-950 million and gaming at with $500-550 million revenue.

From $0 to $100 mn valuation in 5 years: That's how long Indian start-ups now take

Jan 05, 2023

As per a report from RedSeer, what took 18 years in 2000 to reach $100 million revenue has come down to five years.

India, which saw a unicorn boom in 2021, saw venture capital investments decline 35 per cent in 2022 amidst an ongoing funding winter. As a result, it added 51 per cent fewer unicorns during the year

Funding winter impact: India added half the number of unicorns in 2022 compared to year before

Jan 04, 2023

India, which saw a unicorn boom in 2021, saw venture capital investments decline 35 per cent in 2022 amidst an ongoing funding winter. As a result, it added 51 per cent fewer unicorns during the year

All the sharks on the panel were moved by the incident. Mittal shared that he lost his maternal grandmother in a fire accident two years ago.

Shark Tank India Season 2: Anupam Mittal gets emotional during a pitch, remembers his grandmother

Jan 04, 2023

Shark Tank India Season 2, Episode 2: At the end of the pitch, Anupam Mittal of Shaadi.com and Vineeta Singh of Sugar Cosmetics offer Abhishek Baheti Rs 1 crore for his business pitch.

BharatPe CEO Suhail Sameer and the unicorn's ousted co-founder Ashneer Grover have been at loggerheads ever since Grover left

‘Chala gaya Suhail Sameer’: Ashneer Grover takes jibe at BharatPe’s former CEO with a poem

Jan 04, 2023

Fintech unicorn BharatPe’s ousted co-founder and TV personality Ashneer Grover called Suhail Sameer incompetent in a poem.  

Ashneer Grover became a very popular name after Shark Tank India Season 1 was aired in 2021.

Ashneer Grover says he rejected Virat Kohli as brand ambassador despite Anushka Sharma being offered in same deal

Jan 03, 2023

Ashneer Grover, BharatPe's controversial co-founder and Shark Tank India's former judge, claimed that he paid half of the amount that Kohli would have charged, and signed 11 other players instead for the same campaign.

The funding round values the company at $900 million, taking it to the club of soonicorn start-ups which are likely to achieve a valuation of $1 billion in near future

Fintech start-up Money View bags $75 mn from Apis Partners, Tiger Global, others

Dec 26, 2022

The funding round values the company at $900 million, taking it to the club of soonicorn start-ups which are likely to achieve a valuation of $1 billion in near future