Mic Drop

This development, announced after the Council’s 50th meeting on Tuesday, has led to chaos and confusion in the online gaming industry.
Updated : Jul 12, 2023

‘Disappointed and distressed’: Industry players call 28% GST on e-gaming a major dampener

Experts believe the move will have a massive impact on the gaming economy, including job loss and decline in foreign capital inflow

PharmEasy was started in 2015 by Siddharth Shah, Dhaval Shah, Dharmil Sheth, Harsh Parekh and Hardik Dedhia. The company has so far raised $1.2 billion in funding.
Updated : Jul 10, 2023

PharmEasy’s $5.5 bn valuation was not wise but acquisitions will bail company out, say experts

PharmEasy has also come under scrutiny for acquiring massive debt. It borrowed $285 million from Goldman Sachs to pay off an earlier debt incurred from Kotak Mahindra Bank to buy Thyrocare

Co-founders of Shiprocket (L-R): Akshay Ghulati, Vishesh Khurana, Saahil Goel and Gautam Kapoor
Updated : Jul 09, 2023

Shiprocket and others are helping ONDC become a trustable platform, says co-founder

In an interview with Business Today, Akshay Ghulati, co-founder of the logistics firm shares why ONDC’s vision is phenomenal and how the company is moving forward in the new normal

Abhishek Asthana (right) is not new to the social media world. He also runs the famous Twitter handle Gabbar which has 1.4 million followers.
Updated : Jun 22, 2023

Featured on Shark Tank, sought Rs 600-crore valuation. But where is Hood app now?

Abhishek Asthana, co-founder of the app and a social media star, talks about the company’s plans and his Shark Tank India experience

Munjal started the online test preparation company with Saini and Singh in 2015. Unacademy became a unicorn in 2020. It is backed by marquee investors such as Temasek, Facebook, and SoftBank, among others.
Updated : Jun 15, 2023

‘Don’t let your ego come in between': Unacademy’s Gaurav Munjal on overcoming funding winter

The past few months have compelled Indian unicorns to hit refresh. From chasing growth at all costs, they are focused today on becoming profitable. Gaurav Munjal recently gave a glimpse into how this transition has happened

Deshpande Startups is a Hubballi-based incubator. In its latest cohort, 15 start-ups graduated from Deshpande’s incubation program.
Updated : May 30, 2023

‘VCs don’t want to be in the money-pumping race anymore’: Deshpande Startups’ CEO Aravind Chinchure on funding winter

Sharing his views on this trend which has been in discussion for sometime now, Dr Aravind Chinchure, CEO of Deshpande Startups believes that this is a result of economic situations across the globe and a shift in the perspective of the investors.

At this run rate, startups may end up raising less than $10 billion this year, a far cry from the record $30 billion garnered in 2021 and $20 billion in 2022.
Updated : Apr 19, 2023

Once booming Indian startups set for more pain as funding crunch worsens

Startups in India raised just $2 billion in the first quarter of 2023, 75% lower than the same period of last year, and the smallest quarterly number in nearly three years, figures from data firm CB Insights showed.

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
Updated : Jan 12, 2023

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

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

 “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. 
Updated : Jan 25, 2023

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

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.

Nikhil and his brother, Nithin Kamath, besides being among the richest entrepreneurs in the country, are also among India’s top 10 philanthropists in personal capacity.
Updated : Dec 25, 2022

Zerodha's Nikhil Kamath looks at these two things before investing in companies

Sharing his thoughts on philanthropy, Kamath told Business Today that he was not vocal about it all these years but feels the need to speak up so that more people can join in and help make a difference.

Launching and scaling up businesses in cities other than metros can have its fair share of advantages, Jain revealed.
Updated : Feb 13, 2023

'You don’t have to shift to Mumbai or Bengaluru to become a successful entrepreneur,' says CarDekho’s Amit Jain

In the latest episode of Shark Tank India, Jain was answering the question of a viewer who asked if staying in a city like Mumbai or Bengaluru is important for his business to grow.

Speaking to Business Today on Monday, Singhal said that entrepreneurs need to be mentally prepared while starting a company (especially a start-up).
Updated : Feb 22, 2023

'From great resignations to great layoffs': InMobi's Abhay Singhal explains what's changed in 12 months

The co-founder of InMobi says this is the best time to start a business and the current crop of entrepreneurs will be a resilient lot.

The Alaghs established the Gurugram-based company for cosmetics and personal care in 2016
Updated : Feb 18, 2023

IPO-bound Mamaearth’s Varun Alagh recalls having ‘board of mothers’ in initial days

Initial public offering (IPO)-bound Mamaearth’s Co-founder and CEO, Varun Alagh, recalled how the brand had a ‘board of mothers’ when they started the company.

Despite the chaotic events that have unravelled in the US in the past few days, regulators came forward on Sunday to help the depositors of SVB.
Updated : Mar 13, 2023

'Banks like SBI, Kotak should open a facility…’: Mohandas Pai on how to protect Indian start-ups from SVB crisis

The industry veteran took to Twitter on Sunday to encourage Indian start-ups to domicile in India. He also said that the government should focus on increasing the ease of doing business in the country.

Nykaa reported a 71 per cent slump in its consolidated net profits to Rs 8.5 crore in Q3 FY23 even though its operating revenues were up more than 33 per cent to Rs 1,462 crore.
Updated : Feb 14, 2023

Nykaa to continue offline expansion; beauty among top 3 categories in malls, says Falguni Nayar

Even though an overwhelming majority of Nykaa’s sales comes from e-commerce, the beauty retailer sees long-term growth opportunities in offline retail and malls.

Rahul Khanna, Co-founder & Managing Partner, Trifecta Capital
Updated : Feb 22, 2023

Trifecta Capital boss calls venture debt India’s ‘sleeper success story,’ says its time has come

Rahul Khanna of Trifecta Capital says venture debt is an asset class whose time has come, and it is serving the large corporates of tomorrow. He was speaking at the IVCA Conclave 2023 in Mumbai.

Meesho Co-founder and CEO Vidit Aatrey
Updated : Feb 25, 2023

Meesho founder Vidit Aatrey says its ‘next round of financing could be an IPO’

Meesho has had its struggles in terms of growing losses and slowing funding. Its Co-founder and CEO Vidit Aatrey, however, remains unfazed. He says the company does not need to raise money now.