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
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
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
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.
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
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.
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.
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.
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.
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.
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 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 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.
