Weekly Start-up Funding Roundup The Indian startup ecosystem has raised around $116 million across 24 deals this week. Vishvas Narayan·July 10, 2022Â This week of funding for Indian based start-ups can be seen as one to forget with one of...BusinessNewsStartups·0 Comments·0
Vivo Advert Starring Virat Kohli Removed from TV Amid Probe Vivo's promotion activities involving Virat Kohli have also been put on hold until there is clarity on where the investigation is headed. Vishvas Narayan·July 10, 2022Â It has recently been revealed that Vivo India has put a pause on their advertisements that feature Indian...India NewsMobileNews·0 Comments·0
Adani Group Confirms 5G Spectrum Will be Used Privately "As India prepares to roll out next generation 5G services though this auction, we are one of the many applicants participating in the open bidding process." Vishvas Narayan·July 10, 2022Recently, the Adani Group shocked the entire telecom and communications sector and its players in the country by...BusinessFuture TechNewsTech·0 Comments·0
Edtech Start-up Unacademy Increases Their ESOP by 20% Unacademy's move to increase its ESOP pool comes at a time when the company laid off over 750 employees including educators Vishvas Narayan·July 10, 2022Edtech start-up, Unacademy, has recently come out to say that the company has decided to up their employee...BusinessEducationStartupsTech·0 Comments·0
First SBI Branch for Start-ups to Open in Bangalore The new branch is expected to open in August. Vishvas Narayan·July 9, 2022The State Bank of India, along with the Karnataka Digital Economy Mission have come together to announce that...BusinessIndia NewsStartups·0 Comments·0
Adani Group Set to Bid For 5G spectrum Auction There’s a precedent to a stepwise entry into full-fledged telecom services. In 2010, a company called Infotel Broadband acquired data spectrum in 2,300 Mhz. Vishvas Narayan·July 9, 2022According to a few sources, the entire telecom industry has been taken aback, as the Adani Group have...BusinessFuture TechIndia NewsTech·0 Comments·0
Ashneer Grover Establishes New Start-up Company Grover had previously said he will prefer to build a bootstrapped company next, like Zeta and Zerodha, rather than depending on investors. Vishvas Narayan·July 9, 2022It looks like Ashneer Grover has finally put his animosity with fintech start–up company BharatPe and its people after he was forced to cut ties from the company that he had founded and has now come out to create a brand new start–up. The new start–up company has been created along with his wife, Madhuri Jain Grover who was also forced to leave BharatPe after a long drawn battle. According to sources from Tofler, the new company will be known as Third Unicorn Pvt Ltd. On the 14th of June, Mr. Grover took to his social media accounts to celebrate his birthday and to announce to the people that he will creating a new start–up company very soon. He went on to say that he is very excited about this new project and that he is ready to create yet another unicorn. He also said that it is due for him to disrupt yet another industry in the country as he builds another unicorn. According to the data from Tofler, the company was officially created on the 6th of July, Wednesday. The report even says that the directors of the company are the husband and wife duo. The pair were also top executives and directors of BharatPe before they were forced to leave the start–up company. Mr. Grover was the previous managing director and was one of the founders of BharatPe, but after a lot of financial irregularities and after being accused of unethical behaviour and using foul language during business meetings with his people and with people of other firms, he was forced to recuse himself from the firm, but not after going down in a very public feud with other top brass of the company. However, even with all of the controversy, the fintech start–up company was able to attain the status of a unicorn just under a year ago. The husband and wife duo have denied any wrongdoing and have blamed the chief executive officer Suhail Sameer and Mr. Rajnish Kumar who is the chairman for the entire controversy. However, BharatPe is actually the second unicorn that Mr. Grover has been part of. Prior to BharatPe, he was the chief financial officer of Blinkit which was previously called Grofers. The company became a unicorn and has since been acquired by Zomato. According to many sources, Mr. Grover is currently in talks with various venture capital companies to raise funds for his newly established start–up company Facebook Twitter WhatsApp...BusinessStartups·0 Comments·0
Dunzo Continues Their Pride Celebration in July The campaign delivers the message that the conversations around the LGBTQ+ community shouldn't be contained to only June Vishvas Narayan·July 9, 2022The month of June has been universally adopted as the month to celebrate the LGBT community, celebrate their...OtherPopular·0 Comments·0
Fintech Start-up Innoviti Receives $45 million Investment in Latest Round Innoviti will use the funds to expand the company’s mid-market product lines in electronics, fashion, and grocery. Vishvas Narayan·July 8, 2022 Innoviti payments solution, another player in the Indian financial tech world came out to announce that the...Tech·0 Comments·0
Vivo Moves Delhi High Court Amid Probe The Enforcement Directorate this week raided 48 locations related to Vivo India Vishvas Narayan·July 8, 2022Â Vivo India and the government of India have been tussling over the past few months due to a...India NewsNews·0 Comments·0