Edtech startup Camp K12 sacks 70% of staff: Report Sumbul Farid·February 23, 2023Camp K12, an Edtech startup is the most recent online learning company to layoff its workforce as students...News·0 Comments·0
MyGate layoff: Tiger Global-backed firm to kick out 30% workforce Sumbul Farid·February 21, 2023Although the current economic slowdown has not impacted India at large, several Indian firms are still laying off...News·0 Comments·0
‘Next TODU-FODU thing’: Ashneer Grover on his new startup Third Unicorn Ashneer Grover Promises Mercedes To Staff On Completing 5 Years In New Startup Kratigya Manjhu·January 11, 2023Ashneer Grover gives a sneak peek about his new startup Third Unicorn Ashneer Grover, a helping to establish...News·0 Comments·0
Unicorn India Ventures to exit startups by selling its stakes! Mehardeep Singh·August 25, 2022According to recent reports, Unicorn India Ventures, an early-stage investment firm is selling its stake in six startups...BusinessExclusive InterviewIndia NewsLearningMarketsNewsPopularPress ReleaseStartupsTrendingWorld·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...BusinessStartups·0 Comments·0
Most Likely Start-ups to Turn into Unicorns This Year: Hurun India Indian Start-up ecosystem is the third-largest in the world in the number of Unicorns and is now home to more than 69,000 start-ups. Vishvas Narayan·July 2, 2022Â Hurun Report is one of the leading research institutes in the world. Their subsidiary that focuses on...BusinessIndia NewsStartups·0 Comments·0
PM Modi: One Unicorn Coming Up Every 10 Days "There was a time when India was nowhere in the race of startups. Today, we are the third-largest startup ecosystem" Vishvas Narayan·June 27, 2022Â The Prime Minister of India, Mr. Narendra Modi said that the country is leading the world with...BusinessIndia NewsMarketsNewsStartups·0 Comments·0
Ashneer Grover to Set Up new Start-up; Looking to Raise $200 Million He will be willing to let go of the stake he has in BharatPe to finance his new company. Vishvas Narayan·June 17, 2022The co-founder and former chief executive officer of troubled fintech start-up company, BharatPe has been in constant talks...BusinessIndia NewsNewsStartups·0 Comments·0
Valuation is temporary, values are constant: Oyo Founder Ritesh Agarwal Agarwal said there would be not just 100 but 1,000 unicorns coming out of India in the future. Vishvas Narayan·May 10, 2022The people who run start-ups all across the world should always keep in mind that valuations go up...BusinessStartups·0 Comments·0
India has Created the 2nd Most New Unicorns in 2021 USA came in first while China finished the year at third Vishvas Narayan·April 24, 2022According to official data, India has seen the 2nd most unicorns emerge in 2021. The country on the...BusinessIndia NewsNewsStartups·0 Comments·0