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Entrepreneurship
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Anupam Mittal recounts setbacks: ‘Had 2-3 failed businesses as a teenager, applied to 1000 jobs in the USA’
- Shark Tank India investor Anupam Mittal shared his journey, revealing setbacks including two to three failed businesses in his teenage years and challenges in the USA where he applied for a thousand jobs.
- "Right from the beginning, I failed so much," he reflected, emphasizing the fear of irrelevance as a driver for reinvention. Despite numerous rejections, Mittal stressed perseverance as key to success, stating, "You don’t need to be smart or lucky, you just need to persevere and stay with it."
- Today, Mittal's success in both investing and building companies serves as a testament to the power of resilience in overcoming obstacles and achieving one's goals.
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Shark Tank India 3: Pitcher’s ask for just Rs 30 lakh for company valued at Rs 25 crore baffles judges, his answer leaves them impressed
- In a recent Shark Tank India episode, judges were impressed by an entrepreneur's pitch for a hair loss reduction device for cancer patients. Priced at Rs 13 lakhs, it offers replaceable haircaps to ease chemotherapy stress.
- Seeking Rs 30 lakh for 1.2% equity, he aimed for FDA approval in the US to expand globally. Despite a Rs 25 crore valuation, judges questioned the modest ask.
- The entrepreneur's response, "I want FDA approval in the United States," resonated. With a vision for Rs 50 crore valuation next year and Rs 100 crore in five, judges collectively invested Rs 30 lakh for 1.8% equity, pleasing the entrepreneur.
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Indian CEOs are worried their Rolex watches will get stolen on London streets
- Sundev Renewables founder Devin Narang has raised the issue of London’s increasing crime rate and how it is affecting the Indian elite. At a meeting between David Lammy, UK’s shadow foreign secretary, and Indian businesspeople, Narang brought up the subject of Rolex watch thefts in the British capital of London.
- “People are being mugged in the heart of London — in Mayfair,” Narang, a member of the executive committee of the Federation of Indian Chambers of Commerce and Industry, said at the meeting, according to Financial Times.
- “All CEOs in India have had an experience of physical mugging and the police not responding,” he added.
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Entrepreneur criticised for ‘unprofessional’ WhatsApp DP, asks people 'Is it too bold?'
- Surbhi Jain, the founder of the Neend app, recently shared an unsettling experience where an 'industry veteran' messaged her at 1:30 am criticizing her WhatsApp display picture, specifically her red hair, as 'unprofessional.'
- Jain, reflecting on the incident, stated, "Challenging the status quo and breaking free from the usual is the way forward. It's not just about making bold business decisions, but also reflecting that boldness and individuality in our personal expressions.
- She emphasized the need for founders to embrace their uniqueness and challenge conventional norms. The incident, shared on X, garnered nearly 80,000 views and drew supportive comments from individuals acknowledging the importance of self-expression.
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Women's role in improving the art of decision making on Boards
- The impact of women on decision-making in over 200 publicly traded companies on major U.S. and European stock exchanges is regulated.
- In November 2022, the European Union mandated that firms in EU member states aim for 40% representation of women in non-executive director roles on the boards of publicly traded companies by 2026.
- The EU's objectives include promoting gender diversity in corporate boards and ensuring transparent and merit-driven evaluations for board positions, irrespective of gender.
- The presence of women influences decision-making processes within corporate boards.
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Shark Tank India's new judge Ritesh Agarwal says Bengaluru dosa joints are 'OG Shark Tanks'
- Ritesh Agarwal, founder and CEO of OYO, is the newest judge on Shark Tank India's third season.
- He praised Bengaluru's cafes, breweries, and dosa joints as the original "Shark Tanks" and considers himself part of the Bengaluru startup ecosystem.
- Agarwal expressed his long-standing goal of supporting and mentoring entrepreneurs, inspired by the help he received during his own entrepreneurial journey.
- Shark Tank India is an adaptation of the American show where entrepreneurs pitch their ideas to investors, and Agarwal aims to provide support to budding entrepreneurs on the show.
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Why Bengaluru never fails to ignite Entrepreneurial spirit? This viral pic is proof
- Bengaluru mall replaces food billboards with portraits of entrepreneurs like Jack Ma, Steve Jobs, and Jeff Bezos, showcasing the city's startup ethos.
- Image of transformed mall goes viral, highlighting Bengaluru's captivating and entrepreneurial character.
- Social media comments emphasize the motivating corporate vibe and startup opportunities the city offers.
- Portraits featured in Nexus Shantiniketan Mall, Krishnarajapura, reinforcing Bengaluru as India's startup hub.
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Pawsitively Purrrfect: Delhi Police's Witty Response to Elon Musk's 'Police Cats' Question!
- Elon Musk's three-year-old son, X Æ A-12, asked him why police forces use dogs but not cats, prompting a humorous response from the Delhi Police on Twitter.
- Musk tweeted the question to the public, to which the official Twitter handle of Delhi Police replied with clever wordplay, stating that there are no police cats because they might get "booked" for feline-y and 'purr'petration.
- Delhi Police's lighthearted response to Musk's tweet garnered praise and appreciation from Twitter users, with many commending their wit and suggesting a promotion for the department's social media manager.
- X Æ A-12, Musk's son, gained attention for his unusual name, which has a cat connection. Musk joked during his Saturday Night Live monologue that the name is pronounced like a "cat running across the keyboard."
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OYO CEO Ritesh Agarwal's Inspiring Startup Journey: From Cleaning Rooms to Building a Hospitality Empire
- OYO CEO Ritesh Agarwal's early career experiences are revealed in a recent interview clip, highlighting the challenges he faced as a startup founder.
- Agarwal shares how he performed various duties, including being a front desk manager and cleaning staff, to ensure the success of his hospitality company.
- Dropping out of college at 19, Agarwal became the first Asian recipient of the Thiel Fellowship, which provided him with a grant of $100,000 to start his venture, OYO.
- Agarwal's story emphasizes the importance of recognizing the hard work and dedication that entrepreneurs put into building successful businesses, shedding light on the behind-the-scenes efforts often overlooked in startup success stories.
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Indian entrepreneurs stage desi coup as Dream11 founder Harsh Jain elected IAMAI chairperson
- IAMAI's new governing council excludes Big Tech members, giving Indian entrepreneurs control in technology policy-making.
- Harsh Jain (Dream11) becomes chairperson, Rajesh Magow (MakeMyTrip) as vice chairperson, and Satyan Gajwani (Times Internet) as treasurer.
- Concerns over industry bodies aligning with Big Tech demands led to the decision to exclude them from the council.
- The election results address the need for greater representation of Indian companies and reflect controversies surrounding IAMAI's stance on digital competition regulation.
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Meet Aditi Avasthi, founder and CEO of Mukesh Ambani-backed rival of Byju’s, Unacademy, PhysicsWallah
- Aditi Avasthi, founder & CEO of Embibe, emerges as a strong competitor to big edtech platforms like Byju's and Unacademy in the field of AI-based educational technology.
- Aditi founded Embibe with USD 700,000 funding which she had managed to raise from angel investors.
- In 2018, Aditi secured a USD 180 million investment from Mukesh Ambani-led Reliance Industries, followed by an additional Rs 500 crore in 2020.
- Aditi has been recognized as a Young Global Leader by the World Economic Forum & featured BBC's top 100 Women and Vogue's 'Woman Of The Year'.
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Meet this 'Chaiwala' who makes 150 crore per year selling tea
- Anubhav Dubey and his childhood friend Anand Nayak launched Chai Sutta Bar with a small investment of Rs 3 lakh.
- They opened their first outlet opposite a girls' hostel in Indore, using borrowed items and a hand-written wooden plank with the name of the bar.
- The unique idea of selling tea with other snacks turned out to be a huge success, with Chai Sutta Bar now having over 400 outlets in 195 cities in India and other countries like Dubai, UK, Canada, and Oman.
- Chai Sutta Bar has an annual turnover of around Rs 150 crore, and Anubhav Dubey's estimated net worth is Rs 10 crore.
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Oyo CEO Ritesh Agarwal urges startups to prioritize tier 2 and 3 cities
- Ritesh Agarwal, founder and CEO of Oyo, partners with Naropa Fellowship to support young entrepreneurs in the Himalayan region.
- Agarwal's advice to entrepreneurs on effective resource management, leveraging customer feedback for faster product-market fit, and focusing on entrepreneurship in tier 2 and 3 cities to drive India's development and innovation.
- Inspired by his own experience, Agarwal believes that today's startup ecosystem offers more opportunities and support for aspiring entrepreneurs.
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Sudha Murty reveals providing a Rs 10K loan to Narayan Murty while starting Infosys
- Sudha Murty, Padma Bhushan awardee, shares candid stories on The Kapil Sharma Show, revealing challenges faced by her and husband Narayan Murty.
- Sudha Murty reveals how she supported Narayan Murty during the early days of Infosys, giving him a loan of Rs 10,000, which she considers the "best investment" ever.
- Sudha Murty advises women to save money secretly, emphasizing the importance of financial independence and preparedness for future needs.
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India on the right track in shaping global crypto regulations, says WazirX co-founder Nischal Shetty
- In a recent interview, Nischal Shetty, co-founder of WazirX, expressed his belief that India is moving in the right direction with regards to crypto regulations, and emphasized the significance of establishing global standards.
- Shetty highlights the need for a global framework for crypto regulations, comparing it to the global nature of the internet.
- The finance minister of India expresses a similar view on shaping global regulations for cryptocurrencies.
- Shetty acknowledges that achieving a common global framework for crypto regulations may take time due to the coordination required among multiple countries.
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