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Entrepreneurship
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'We have no data team at Zerodha': Nithin Kamath takes a dig at data scientists
- Zerodha CEO Nithin Kamath criticizes data scientists in a recent post, questioning the need for collecting and analyzing large amounts of data.
- Kamath shares a screenshot of a blog that suggests data scientists often provide analysis that confirms senior management's prior beliefs, rather than uncovering insights.
- The blog also states that data scientists are often praised for providing analysis that aligns with management's expectations, but criticized when their analysis contradicts those expectations.
- "We have no data team at @zerodhaonline as we believe it doesn't give useful insights and also since we never upsell", Kamanth added.
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Bengaluru is the startup capital of India: PhonePe CEO Sameer Nigam
- PhonePe CEO Sameer Nigam called Bengaluru as the startup capital of India.
- He acknowledged the city as the hub for real startups that are being created at scale.
- Sameer attributed the city's success as a startup hub to the availability of young talent, especially economic migrants.
- He claimed that Bengaluru now boasts the best talent across various industries, which has contributed to its position as the startup capital of India.
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654
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'Busy working on our own profitability': Zomato founder's Tweet after Paytm's surprise operating profit
- Zomato CEO Deepinder Goyal congratulated Paytm founder Vijay Shekhar Sharma on Twitter after Paytm's parent firm's stock rose due to its December quarter earnings performance.
- Sorry, a bit late to the party – was so busy working on our own profitability,” Deepinder Goyal tweeted.
- Sharma credited the operating profitability to the focused execution of the Paytm team, who were able to achieve growth while maintaining compliance and watching risk factors.
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Passed on deal because CEO was rude to waiter: American VC Michael Arrington
- Venture capitalist Michael Arrington declines business deal due to CEO's behavior.
- Michael tweets "he passed on an investment deal that he was almost going to say yes to "because the CEO was rude to our waiter".
- Arrington's decision to pass on the deal was widely celebrated on Twitter, resulting in the post going viral.
- Twitter users expressed their agreement with Arrington's decision, with one user stating that there was "No excuse to behave like that ever," and another calling it a "good call".
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507
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Anupam Mittal responds to Twitter user's request for assistance with Lido funds
- Anupam Mittal is a judge on Shark Tank India and investor in edtech startup Lido Learning.
- A man on Twitter reached out to Mittal for help with retrieving stuck money from Lido Learning.
- Mittal responded to the man, saying "Even I am trying."
- Lido Learning had to shut operations and filed for bankruptcy in 2022 due to a cash crunch.
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948
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Mastercard's NFT chief Satvik Sethi resigns, citing abuse & emotional suffering
- Satvik Sethi, Mastercard's product lead for NFTs, has resigned from the company due to harassment and emotional distress.
- In his tweets, he highlighted the company's inefficiencies, including issues with poorly managed processes and miscommunications.
- He also claimed that there were instances when he did not receive pay for several months unless he petitioned across the hierarchy.
- Sethi served a three-month notice before leaving the company, which he claims was an attempt to prevent him from quitting after informing HR about his problems.
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Kid mentions Aman Gupta’s brand BoAt in his answer sheet; he reacts
- Aman Gupta, the founder of boAt, posted a picture of a child's answer sheet on his Instagram account.
- The child wrote "boAt is a brand of headphones by Aman Gupta" for the word "boat" in an exam.
- The child's answer sheet was uploaded on Instagram by their father with the caption "After effects of Shark Tank."
- Aman shared the screenshot of the father's post along with a song and captioned it "A for Apple B for boAt. Petition to make this change in all text books."
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Meet Sridhar Vembu, Tamil Nadu villager & founder of Zoho that made Rs 2,749 cr profit this year
- Sridhar Vembu is the founder of Zoho, a successful company with a profit of Rs 2,749 crore this year.
- Vembu hails from a small village in Tamil Nadu and is considered a self-made man.
- Zoho offers a wide range of business and productivity software, with a focus on affordability and accessibility for small and medium-sized enterprises.
- Vembu is a prominent figure in the Indian business community, known for his entrepreneurial success and innovative approach to technology.
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1y
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'My aim is to make ₹20 cr & chill,' ShareChat Co-founder Bhanu Pratap told employees: Report
- Bhanu Pratap Singh, a co-founder of ShareChat, reportedly stated to employees that his goal was to make ₹20 crore and relax, according to a report by Moneycontrol.
- Singh, who formerly served as the Chief Technology Officer of ShareChat, recently stepped down from his active role in the company.
- According to employees, Singh appeared disinterested in the company's affairs and was often absent from meetings and reviews.
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619
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'Never had to fire people because of bad markets': Ashneer Grover on layoffs
- Ashneer Grover, former BharatPe Co-founder and MD, stated that he never had to lay off employees due to poor market conditions and that he always hired carefully.
- Grover's comments come amidst a wave of layoffs at companies such as Amazon, Microsoft, Meta and Swiggy among others.
- He also announced that his new startup Third Unicorn would have a maximum of 50 employees.
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518
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English Literature MA runs tea stall for 'entrepreneurial' goals, aims to be as big as 'Chaiyos'
- An English-speaking woman has surprised commuters in Delhi by operating a small tea stall on a bicycle cart, despite the cold weather.
- Sharmistha Ghosh, a post-graduate in English Literature, runs a tea stall on a bicycle cart to fulfill her dream of becoming an entrepreneur, her goal is to run a chain like Chaiyos. Her story was shared on LinkedIn by an army brigadier.
- He wrote, "Many highly qualified youth are in despair and looking for a job that matches their qualifications. This message is for them."
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320
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'Best Boss Ever': Entrepreneur takes his employees on luxurious vacations worth Rs 4 crore
- Mark Neilson, an entrepreneur and insurance agent, has been tagged as the 'world's best boss' for his generous gesture of taking his employees on extravagant holidays, valued at 4 cr rupees.
- The AO partner is known for not only providing employees with lavish gifts, but also offering financial assistance as necessary.
- As per a report, Mark Neilson planned holidays worth 400,000 pounds for employees after the company's successful year and also gave cash handouts to staff on holidays as an extra bonus.
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Ashneer Grover promises 'Mercedes' to employees on completing 5 yrs in his new startup
- Ashneer Grover is starting another startup with his wife Madhuri. Announcing his new company's framework- Third Unicorn, he invites new people and inventors to join the team.
- He added that the company primarily seeks Indian investment and discouraged venture capitalists. "Avoid VCs-SheCs. We use solely Desi/Self-earned capital, "he said.
- Grover also promises to give a Mercedes if employees complete 5 years in his new company.
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574
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Ashneer Grover wants to become a minister; here's why
- On Wednesday, former Shark Tank judge Ashneer Grover revealed his political ambitions on a podcast, saying he will start this new chapter in 5 years.
- "I want to be a minister next... I must do more. I want a legacy. Politics is the only way", he said.
- He further added, "You celebrated Rishi Sunak for becoming a Prime Minister at the age of 42. But if I aim for 45 people, I think it's too soon."
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549
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Ashneer Grover recalls rejecting Virat Kohli & Anushka Sharma as brand ambassadors
- Ashneer Grover, BharatPe's former co-founder said that he previously rejected cricketer Virat Kohli as a campaign brand ambassador, even when offered his actor wife Anushka Sharma in the same package.
- During the Vagehra Vagehra podcast with Yam-Rraj Ft, the bestselling author of Doglapan stated that he paid half of what Kohli would have charged and signed 11 more players for the same campaign.
- After the deal details were revealed, Grover claimed that even Virat Kohli admired his business sense.
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