SoftBank’s Misra steps down as corporate officer on record loss
The 60-year-old will retain his post as head of SoftBank Investment Advisers, which helps oversee the first Vision Fund’s existing investments, SoftBank said in a statement
Indian startup ecosystem 'third-largest in the world', Inc42 report shares key stats
A deep dive in India’s thriving startup ecosystem – top states, top sectors, funding, and more
Think long term, believe in India: Groww founders on Bits To Billions
Groww was founded in 2016 by four former Flipkart executives – Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal. The platform helps users invest in stocks, mutual funds, exchange-traded funds, IPOs, US stocks, futures and options, fixed deposits and gold. The startup counts Sequoia Capital, Tiger Global as well as Microsoft CEO Satya Nadella as its investors and is valued at $3 billion after raising $83 million in its Series E funding round in October 2021. On this episode of Bits to Billions, the founders spoke about How Groww came about, Lalit Keshre's humble origins, the size of the India opportunity, plans for neobanking and payments. #groww #bitstobillions #moneycontrol
Poor governance and corruption preventing startup magnet Bengaluru from achieving its full potential: TV Mohandas Pai
Bengaluru needs 5 corporations, each to be governed by a separate mayor, he says
Mamaearth's Varun and Ghazal Alagh on why they became entrepreneurs | World Entrepreneurs Day
Most founders start up when they are looking to solve a problem they face and the story wasn't different for Varun and Ghazal Alagh. They had no experience running startups but decided to become entrepreneurs after becoming parents. Their search for safe, organic products for their baby led them to launch a skincare care Mamaearth, which was last valued at over a billion dollars.
On World Entrepreneurs Day Moneycontrol brings you conversations with key players driving the tectonic shift. Meet the disruptors, the job creators and the wealth generators. The change makers who are transforming India and putting it on the global map.
PhonePe founders are against working on weekends. Here's why | World Entrepreneurs Day
PhonePe, India's largest player when it comes to digital payments, had a very different journey compared to rivals who raised big VC money. Instead it chose to work as an independent unit backed by Flipkart, and now Walmart. In times when 'hustle culture' and 'blitz scaling' is romanticised, Nigam and Chari decided to build an entrepreneurial culture where employees don't work on weekends, work smart and do less but nail it.
On World Entrepreneurs Day Moneycontrol brings you conversations with key players driving the tectonic shift. Meet the disruptors, the job creators and the wealth generators. The change makers who are transforming India and putting it on the global map.
Physics Wallah's Alakh Pandey on why he doesn't care about a founder image | World Entrepreneurs Day
From a Pragyaraj-based physics tuition teacher to the founder of a unicorn, now valued at $1.1 billion, it's been a remarkable journey of grit and determination for Alakh Pandey, the founder of Physics Wallah. Pandey is a symbol of New India's aspirations. Even as he aims high, he talks about why he doesn't conform to the stereotypes of a tech founder and prefers to stay his original self. On World Entrepreneurs Day, Moneycontrol brings you conversations with key players driving the tectonic shift. Meet the disruptors, the job creators and the wealth generators. The change makers who are transforming India and putting it on the global map.
Zerodha's Nithin Kamath on building a unique startup | World Entrepreneurs' Day
Zerodha is one of India's most valuable and unusual startups. Unusual because it hasn't raised a penny in external funding, is profitable and the founders - brothers Nithin and Nikhil Kamath - still own a significant percentage in the company, making them billionaires. Here Nithin talks about why he decided to traverse the road less taken as an entrepreneur.
On World Entrepreneurs' Day, Moneycontrol brings you conversations with key players driving the tectonic shift. Meet the disruptors, the job creators, and the wealth generators. The change makers who are transforming India and putting it on the global map.
Infosys Nandan Nilekani on founder mindset | World Entrepreneurs Day
Infosys co-founder and Aadhaar architect Nandan Nilekani, the OG of Indian entrepreneurship weighs in on "founder mindset", "founder clout" and why it's vital for startups to make money early, even as they eye growth.
On World Entrepreneurs Day, Moneycontrol brings you conversations with key players driving the tectonic shift. Meet the disruptors, the job creators, and the wealth generators. The change makers who are transforming India and putting it on the global map.
Phyllo bags $15 million funding, to build gateway for creator data
Companies building tools, products, and services for the creator economy can use of Phyllo's APIs to verify creator's identity, income and engagement data
Made-in-India battle royale game Indus to begin pre-registrations later this year
Indus is developed by Pune-based SuperGaming, makers of of the popular games MaskGun and Silly Royale
Web3 game infrastructure startup Lysto bags $12 million from Tiger Global, Hashed, others
Lysto is building tools that aims to standardise gamer credentials and reputation across games and platforms
English learning startup OckyPocky bags funds from Good Water Capital, AngelList Quant Fund
OckyPocky aims to help preschool kids learn English through various interactive solutions including games and topics
Inflation has not affected us much, says Nykaa's Anchit Nayar
One reason could be that the company is slightly on the more premium end and consumers are slightly less affected than those on the lower end of the funnel, says Nykaa's CEO, Beauty E-Commerce. Nayar says the core beauty business of Nykaa remains profitable
Dream11 parent Dream Sports signs 5-year deal with New Zealand Cricket for NFTs, gaming & merchandising
NZC chief executive David White said this partnership represent a step "into the metaverse for his organisation"
Early stage venture capital firm First Cheque raises $5 million
First Cheque, which aims to ease the process of raising institutional capital for first time founders and idea stage startups, has streamlined its capital deployment timeline to less than 30 days.
M2P Fintech acquires identity validation startup Syntizen
While the company did not disclose the amount of the acquisition, Moneycontrol learns that the deal was valued at around $10-12 million.
Corporate Crossings | Gaming firm Zupee ropes in Meta's Ashwani Rana as chief public policy officer
Zupee offers a range of skill-based casual games such as Ludo, Snakes and Ladders and carrom on its mobile app
More women in India seeking entrepreneurial opportunities compared to men: Report
The conclusion is part of a report based on an analysis of anonymised and aggregated profile information of users on professional networking site LinkedIn, which has around 88 million users in India and 830 million users worldwide.
Zomato needs to make some more money, won't lower restaurant commissions: CEO
"We are not profitable. We need to make some more money from somewhere. So, absolutely not taking rates down,” Goyal said.
Realty startup PropReturns raises funds from Cred's Kunal Shah, others
The company, which was founded by BITS Pilani graduates Kenish Shah, Jayant Panwar, and Somil Mathur in 2021, has raised "an undisclosed amount of funding via a strategic round from the leading angel investors."
Blinkit promotes long-time exec Rishi Arora to co-founder
Sajal Gupta, who has been serving as engineering manager in the quick commerce startup since January, has also reportedly been promoted to the role of tech chief.
Pseudonymous social network Zorro rebrands as Hood ahead of US expansion
Hood allows users to share, confess and discuss various topics freely using a pseudonym on the platform.
Substack laying off 14% of its staff
Substack CEO Chris Best told employees that the cuts affected staff members responsible for human resources and writer support functions, among others, according to a person familiar with the discussion.
