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Entrepreneurship
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IIT Kanpur alumnus fails 17 times before building a Rs 40,000 crore startup
- Ankush Sachdeva, founder of ShareChat, failed 17 times before hitting the jackpot with the vernacular social media platform. Sachdeva completed his B.Tech. from IIT Kanpur in 2015 and interned at Microsoft.
- Sachdeva recognized the need for a platform that would connect users from smaller towns and cities in India where Facebook and other platforms were not user-friendly due to the English language complexity.
- ShareChat, available in 15 languages, has a footprint of over 350 million monthly active users & is valued at around $5 billion which is more than Rs 40,000 crores.
- Ankush's story is inspiring as it showcases his perseverance and resilience in building a successful business despite facing failures in his previous attempts.
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This IITian left Microsoft, established a Rs 12,000 Cr company, and retired at 40
- Sudheer Koneru, an IIT Madras graduate and former Microsoft director, retired at the age of 40 and founded three successful companies, one of which is now valued at Rs 12,000 crore.
- Koneru's company, Zenoti, started as ManageMySpa in 2010 and offers software for wellness, spa, and salon management, with a presence in 50 countries.
- Prior to Zenoti, Koneru founded and sold two other companies, Intelliprep Technologies and Sumtotal, which generated over $100 million in revenue.
- Koneru's success story challenges the traditional idea of retirement and demonstrates the potential for early retirement to pave the way for entrepreneurship and innovation.
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Farmer's son turns self-made billionaire with USD 2.1 billion net worth
- PP Reddy, who hails from a farmer's family, has become India's top businessman with a net worth of $2.1 billion according to Forbes.
- Megha Engineering and Infrastructure, founded by PP Reddy in 1989 with just two employees, has become a major player in India's infrastructure sector, with projects both within the country and overseas.
- Reddy's biggest project to date, the Kaleshwaram lift irrigation project, has a cost of $14 billion and is designed to provide water supply to Telangana.
- PP Reddy's 'Diamond House' in Hyderabad becomes a popular landmark in the city due to its unique design resembling a sparkling diamond, made entirely of glass.
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Ex-Microsoft employee builds a billion dollar company in India after US visa rejection
- Kunal Bahl, the co-founder of Indian e-commerce company Snapdeal, turned a setback into success after his US visa was rejected, pushing him to create a $6.5 billion valued startup in India.
- Bahl, who was set to work at Microsoft in the US, returned to India and founded Snapdeal with a school friend in 2010, building it into India's second-largest e-commerce company.
- Despite plans to go public in 2021, Snapdeal decided to shelve its IPO due to market conditions and has since become part of the AceVector corporate group.
- Bahl has also become an investor, with his VC firm Titan Capitals investing in several US companies.
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This IIM alumna made Rs 56 crore by selling sarees
- IIM Lucknow graduate Taniya Biswas, along with her sister Sujata Biswas, launched a saree brand in 2016, which is now worth over Rs 50 crore.
- The brand, named Suta, sells soft mulmul cotton sarees, which were not available in the market before. They have become a hit with customers due to their beautiful designs and comfortable feel.
- Suta's success has allowed the sisters to support artisans and craftsmen while providing women with a comfortable and fashionable alternative to traditional sarees.
- In the FY 2022-2023, the revenue of the company was Rs 56 crore & they want to earn Rs 100 crore next year.
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Ashneer Grover opens up about moving from Mumbai to Delhi after wife's miscarriage
- Former Shark Tank India judge Ashneer Grover and his wife Madhuri speak about their move to Delhi from Mumbai after she had a miscarriage.
- Madhuri shares the couple's plans for a baby and the difficulties they faced after she suffered a miscarriage and had to terminate the pregnancy.
- Ashneer had a difficult time being away from his family in Delhi while living in Mumbai and decided to quit his job after the miscarriage to move back to Delhi permanently.
- The couple's experience sheds light on the emotional toll of pregnancy complications and miscarriage and the impact it can have on a family's decisions and life choices.
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Man who lost Rs 8000 crore firm after FBI arrest builds Rs 16400 crore company
- Sandeep Aggrawal, the only tech entrepreneur to have created two unicorn startups, has built a Rs 16,400 crore company after losing his previous one due to an FBI arrest.
- Former Wall Street research analyst, Sandeep Aggrawal, lost his Rs 8,000 crore firm, ShopClues, after being arrested by the FBI for insider trading while on vacation in the US.
- Sandeep Aggrawal, who faced jail time and had to step down as CEO of ShopClues after his arrest, has now built a Rs 16,400 crore company called Droom.
- Despite facing financial and personal setbacks, Sandeep Aggrawal continues to thrive as an entrepreneur and has made a comeback with a valuation of Rs 16,400 crore for his company, Droom.
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Zerodha CEO shares how a successful business can be built by average folks
- Zerodha CEO Nithin Kamath shares insights on how to build a successful business without following the norm, emphasizing that a strong business idea and common sense can go a long way.
- Zerodha, a financial services company, serves as an example of a successful business built without traditional business backgrounds or advertising spending, according to CEO Nithin Kamath.
- Nithin Kamath, CEO of Zerodha, was recently recognized as Entrepreneur of the Year, with his company's success being attributed to a team of average folks who were able to solve a problem using common sense.
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24-Year-Old CA Launches ₹100 Crore SME and Startup Fund
- Kresha Gupta, a 24-year-old Chartered Accountant, has launched a new fund focused on SMEs and start-ups in India.
- Chanakya Opportunities Fund I, registered with SEBI, has announced the launch of a ₹100 crore SME and start-up focused fund.
- The fund, with a green shoe option of another ₹100 crore, is sector-agnostic and aims to provide world-class investment products at competitive costs.
- Gupta is one of the youngest women investors in India to launch a fund focused on SMEs and start-ups.
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Ashneer Grover admits liking Mouni Roy's bikini photo on Instagram, gets scolded by wife
- Ashneer Grover and his wife Madhuri Jain shared their love story on 'Couple of Things' chat show hosted by Amrita Rao and RJ Anmol.
- During the show, Ashneer revealed that he once liked a bikini photo of Mouni Roy on Instagram, which made his wife Madhuri angry.
- Ashneer also mentioned that he unfollowed around 15-20 accounts, including Mouni Roy, Sonam Bajwa, and Disha Patani, to avoid any similar incidents.
- The couple's appearance on the show is a reflection of how social media affects relationships in the present times.
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Shah Rukh Khan's son Aryan turns entrepreneur, launched his second startup
- Aryan Khan, son of Bollywood actor Shah Rukh Khan, has launched his second startup, a luxury streetwear brand called 'D Yavol,' which promises to be hip and happening.
- Khan's father, Shah Rukh, stars in the teaser video for the brand and also marks Aryan's directorial debut.
- The streetwear brand will be brought to consumers through limited edition capsule collections and drops on the brand's web store, with the possibility of expanding to other verticals in the future.
- Aryan Khan previously made his entrepreneurial debut in 2022, launching a spirit brand with Leti Blagoeva and Bunty Singh.
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Who are the 5 children of the world's richest man Bernard Arnault?
- Bernard Arnault, the richest person in the world, has reportedly been holding monthly lunches with his five children to find his successor at LVMH.
- Arnault's children, including his only daughter Delphine (48) and his four sons Antoine (45), Alexandre (30), Frédéric (28), and Jean, gather for a 90-minute lunch once a month inside a private dining room at the headquarters of LVMH where they are asked for advice on topics prepared beforehand.
- Delphine Arnault is currently the CEO of Dior, while Antoine Arnault is an LVMH board member. Alexandre Arnault is associated with Tiffany, and Frédéric Arnault is the CEO of TAG Heuer. The youngest son, Jean, works at Louis Vuitton.
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OYO's Ritesh Agarwal shares his mother's words on success and staying grounded at IIM Nagpur graduation ceremony
- Ritesh Agarwal, co-founder and CEO of OYO Rooms, recently shared his mother's advice during a graduation ceremony at IIM Nagpur.
- Agarwal's mother's advice was to remember that the tallest trees are the ones that are most inclined, meaning that as one becomes more successful, it's important to remain grounded and rooted in where they came from.
- Agarwal emphasized the value of staying connected to one's roots and maintaining the drive to make a positive difference, even as one pursues excellence and builds successful businesses.
- The video of Agarwal's speech generated positive responses from users on social media, who praised his words and thoughts on success and staying grounded.
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Ashneer Grover questions diversity in DU as only 2% students say they scored less than 95% in boards
- Ashneer Grover expressed concerns about the lack of diversity in Delhi University after observing that only 10 of 500 students had scored less than 95% in their board exams.
- Grover took to Twitter to highlight that DU had become an extension of school, where everyone was a frontbencher, and questioned where the diversity was.
- Responding to Grover's tweet, many pointed out that due to the absence of better criteria, good scores are the only metric used to get into most good colleges in India.
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OYO’s Ritesh Agarwal shares advice for aspiring entrepreneurs
- Ritesh Agarwal, the founder of OYO, tweeted a video on Monday advising young entrepreneurs to not give up early in their journeys.
- Agarwal emphasized the importance of determination and perseverance, stating that they always pay off in the end. He believes that too many young entrepreneurs give up too early, and that persistence is key to making a significant impact.
- Agarwal's message encourages young entrepreneurs to stay committed and focused, even in the face of challenges. By being perseverant, new companies have a higher chance of success and making a dent in their industries.
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