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. 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
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
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
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
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
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
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
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.
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
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
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.
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
