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Entrepreneurship
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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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Harvard graduate quits job to travel the world, now runs a multi-million dollar company
- Harvard grad Nuseir Yassin, who quit his job at Venmo to 'explore the world', has built a multi-million dollar company with 60 million followers on the internet.
- Yassin's journey began with a goal to make 1-minute videos every day for 1,000 days and reached 10 lakh people by Day 400.
- Yassin believes that creators need to make their own destiny and be ready for 2-3 failures on the quest to build a company.
- Only the top 1% of creators receive money from brands, according to Yassin.
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Ashneer Grover's business partner Aseem Ghavri shares how he started his first startup with Rs 8,000
- Aseem Ghavri, Co-founder of Third Unicorn, shared his inspiring entrepreneurial journey on LinkedIn, revealing how he started with just an investment of ₹8,000 in 2009.
- Ghavri faced several challenges in starting his business, including being heckled by policemen and threatened by municipal cooperation goons, but he persevered.
- Despite of many challenges Ghavri's business of hot food carts took off, and he scaled up by opening more carts in Chandigarh.
- Ghavri emphasized the importance of putting one's best foot forward and keeping one's ego aside in the pursuit of entrepreneurship.
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Bengaluru kids become young entrepreneurs with 'slash sale' lemonade stall, Twitter impressed
- Kids in Bengaluru set up a lemonade shop to make quick bucks when they were bored and broke.
- They came up with a marketing strategy to increase their sales by offering a flat Rs 5 discount on the products and charging extra money for ice.
- A Twitter user named Aayushi Kuchroo shared photos of the makeshift lemonade stall on social media, which garnered over 108k views and reactions.
- Netizens were impressed with the entrepreneurial spirit of the kids and praised their market strategy.
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This YouTuber rejects $1 billion deal for his channel
- Jimmy Donaldson known as MrBeast is one of the most successful content creators on YouTube, has turned down a billion-dollar offer for his YouTube channel and associated companies.
- The reason for his decision was reportedly that he didn't want to give up control of his brand and risk changing the nature of his content.
- Netizens praised MrBeast's entrepreneurial spirit and decision to turn down the offer.
- Forbes named MrBeast the highest-paid YouTube star in 2021, with earnings of $54 million and over 10 billion views.
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Former tuition teacher turned entrepreneur builds Rs 102 cr blue-collar job business
- Trina Das is an entrepreneur from West Bengal who launched multiple successful startups over the years.
- She started with weekend classes in maths and science, and within a year, she had 1800 students at her coaching institute.
- Trina later founded Talent Labs Private Limited, a HR recruitment firm that pivoted during the pandemic to focus on blue-collar jobs.
- Her company Gigchain provides workers to companies' services and has a turnover of Rs 102 crore, with clients including Amazon, PayTM, Uniper, ICICI, and Havells.
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Why Ashneer Grover believes that serving notice periods is not always necessary?
- Ashneer Grover spoke at the IMT-Ghaziabad and advised against succumbing to the pressure of serving a three-month notice period.
- “Sachai ko samjho na…If a company says three months notice period, tu agle din chala ja, koi kuch nahi ukhaad sakta…", Ashneer added.
- Grover emphasizes the importance of doing a cost versus benefit analysis and realizing that no company would have the time or resources to take an employee to court.
- He cautions against listening to HR personnel blindly and encourages employees to understand the reality of employment clauses and notice periods.
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Shaadi.com CEO Anupam Mittal undergoes surgery, says ' Manzil jab aur dur ho jaaye, fight harder'
- Anupam Mittal, CEO and founder of Shaadi.com, recently disclosed that he broke his left arm and underwent surgery.
- Mittal experiences hardships as a result of his intense training. The Shark had surgery recently, and a support band is now wrapped around his arm.
- “Manzil jab aur dur ho jaaye … fight harder. Anupam captions the post. Fans have expressed their concern for Anupam's health and wished him a speedy recovery.
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Ace startup mentor Ashok Jhunjhunwala says entrepreneurs must be ready to fail multiple times
- Ashok Jhunjhunwala, the President of IIT Madras Research Park and Padma Shri awardee, advised aspiring entrepreneurs against entering the field if they require immediate financial returns.
- According to Jhunjhunwala, entrepreneurship demands resilience and persistence in the face of failure, and a willingness to start over and try again.
- Jhunjhunwala emphasized that entrepreneurship is a complex and multifaceted discipline, requiring the acquisition of multiple skills in order to succeed.
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This Indian-origin entrepreneur will become next US president, predicts Bill Ackman
- American investor Bill Ackman believes Indian-origin entrepreneur Vivek Ramaswamy will run for POTUS and win. Ramaswamy is currently planning his 2024 presidential bid.
- Ramaswamy was born in Cincinnati to Indian immigrants from Kerala. He studied at Yale and Harvard institutions and is a successful biotech entrepreneur and drug developer, having created five FDA-approved medications.
- Politico describes Ramaswamy as an ESG sceptic who rails against "wokeism" and socially-responsible investing. He is the founder of pharmaceutical research company Roivant Sciences, which he established in 2014.
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Walmart tells employees to relocate if they want to keep their jobs, plans to close 3 US tech hubs
- Walmart is reportedly closing three of its tech hubs in the US, as part of its efforts to streamline its operations. The locations to be shut down are in Austin, Texas; Carlsbad, California; and Portland, Oregon.
- Employees in these locations have been asked to relocate to other Walmart offices in places like San Bruno, California or Bentonville, Arkansas, in order to keep their jobs.
- The company has expressed hopes that most workers will relocate, and those who choose not to will be given severance pay.
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IBM sues former employee for taking job at rival Accenture, seeks return of Rs 3.7 crore bonus
- IBM sues former Thailand GM Patama Chantaruck for over $470k (Rs 3.7 crore) in bonus awards after taking a job at rival company Accenture.
- IBM alleges Chantaruck breached her contract by accepting a senior role at IBM's largest competitor in the Asia-Pacific region.
- Chantaruck received bonuses for safeguarding confidential company information and not engaging in competitive conduct for a specific time period.
- IBM asked Chantaruck to return the money, but she refused; both Chantaruck and Accenture declined to comment.
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Lenskart CEO Peyush Bansal recalls cleaning store until 1 am ahead of launch
- Lenskart CEO, Peyush Bansal, recalls his "hustle days" when he and his team had to clean their store in Singapore till 1 am a day before its launch to provide a "wow experience" for customers.
- Bansal is currently appearing on the Indian version of the "Shark Tank" series and has invested over Rs 9.45 crore across 27 deals till week six of the second edition.
- He considers his experience on the show a "great experience" as it has given him fresh perspectives and learning for his own business, which he plans to implement.
- He also sees the pace at which the new generation is doing things and wants to bring that back to his own business.
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Who is Zoho's Radha Vembu, India’s third richest woman with net worth over Rs 21,000 crore?
- Radha Vembu is the third richest woman in India and the richest self-made woman in the country.
- Vembu has a net worth of $2.6 crore and is the 1176th richest person in the world. Her wealth is derived from her massive stake in the multi-billion multinational company Zoho Corp.
- Radha Vembu is a graduate of the Indian Institute of Technology, Madras, and has over 25 years of experience in the software industry. She is the largest stakeholder in Zoho Corp, which was founded by her and her brothers in 1996.
- In addition to her role at Zoho Corp, Radha is also involved in various other ventures including an agricultural NGO and a real estate company. She is married and has a child.
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Tech millionaire accused of dumping fiancée after she got breast cancer
- Taryn Southern, a TV actress, has filed a lawsuit against her former fiancé, Bryan Johnson, a 45-year-old tech millionaire, who is famous for spending millions of dollars to reverse the aging process.
- Southern claims that Johnson pressured her into allowing him to have sexual relationships with other women during their relationship and also requested a list of her past sexual partners.
- Johnson, in response, has accused Southern of attempting to extort him by threatening to make outlandish and salacious allegations about him in public forums.
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