Wednesday, 29 June, 2022
TopicStartups

Topic: startups

‘Not typical young startup founders’ — BillDesk trio reap $500 mn each selling stakes

M.N. Srinivasu, Ajay Kaushal and Karthik Ganapathy are selling their payment gateway firm BillDesk to Prosus NV for $4.7 billion.

Khatabook, bookkeeping app for kirana stores, raises $100 million from Tribe, Moore

An Indian fintech startup, Khatabook in 2019 launched a mobile app version of handwritten ledgers that owners of tiny businesses traditionally use to keep track of daily accounts.

Mindtickle, funded by Softbank, is the latest unicorn in India’s fast growing tech industry

Mindtickle, based in Pune and San Francisco, hit a valuation of $1.2 billion. It provides what it calls sales readiness technology that companies can customise with their own content and data.

Electric scooters are becoming a rage and Bengaluru’s Ather has quietly raced ahead

Nearly three years since it launched its first scooter in 2018, Ather Energy’s revenues have increased from Rs 11.7 crore in FY19 to Rs 48.8 crore in FY20.   

Zomato IPO pushes CEO Deepinder Goyal closer to India’s $1 billion club

Zomato IPO is a triumph not just for 36-year-old Deepinder Goyal, but also scores of Indian entrepreneurs. With the 66% stock jump, Goyal is now worth $650 million, based on his 4.7% stake.

Will Zomato deliver? IPO listing today will be barometer for India’s unprofitable unicorns

Zomato has generated a seldom-seen frenzy among the investment community. Investors will now get a taste of the food delivery giant when it debuts today after a $1.3 billion IPO.

Lenskart raises $220 million as India’s tech industry mints more unicorns than ever before

Valued at $2.5 billion, according to founder Peyush Bansal, Lenskart plans to use the capital to expand online sales and add brick-and-mortar stores in India, Southeast Asia and the Middle East.

How Zomato, Paytm IPOs show India’s homegrown startups have arrived

Zomato and Paytm’s popularity among institutional investors is also prompting the other unicorns to consider going public.

Job losses, business closure — Covid hit female entrepreneurs. Here’s how to support them

Studies show 10 to 30% of enterprises registered as ‘women owned’ are not actually owned or run by women. Covid has worsened the situation.

Jeff Bezos, Mark Zuckerberg are exception not rule — not all startup founders should be CEOs

In ‘Everything Started as Nothing’, Bhaskar Majumdar writes on how to build and sustain startups and scalable businesses in today’s ruthless marketplace.

On Camera

YourTurn

Biden calls on Congress to suspend gas tax for three months

Will US craft a new oil compact with Saudi Arabia? Joe Biden may have to eat his own words

Like many, India will be anxiously watching the US-Saudi Arabia summit in Jeddah—knowing its fate is tied to the decisions King Salman and Joe Biden make.
File photo of Isha Ambani, daughter of billionaire Mukesh Ambani | Bloomberg

Mukesh Ambani’s daughter Isha Ambani to be named chair of Reliance retail

Isha Ambani, the current director of Reliance Retail Ventures Ltd., is expected to be announced as the chair as early as Wednesday.

Defence

The Indian Air Force logo | Commons

Almost 4,000 enrol for IAF’s Agnipath recruitment scheme on day 1 of online registrations

These registrations pertain to the Indian Air Force's Agniveer Vayu programme. The online portal for the first phase was opened at 10 am Friday, and will close on 5 July.

With Agnipath, Modi govt’s shock & awe doctrine may have misfired a vital reform, yet again

Modi govt's biggest flaw has been its disinclination to accept limitations of electoral majorities. This ruined land acquisition and farm reform, stalled labour codes.
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