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Startup News
ISN
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India's MakeMyTrip completes share repurchase to trim China-based Trip.com's stake
- MakeMyTrip completes share repurchase from Trip.com Group, reducing the latter's stake and voting power.
- Over 3.4 crore Class B shares repurchased and canceled, decreasing Trip.com's voting power to 16.90%.
- MakeMyTrip now has 95,383,399 shares outstanding, with Trip.com retaining diminished board representation.
- Three Trip.com nominated directors resign; MakeMyTrip appoints three new directors to fill vacancies.
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Medium
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Egypt’s Foodtech Market Map 2024: A Comprehensive Analysis of the Digital Food Ecosystem
- Egypt's foodtech market saw significant growth, with the 2024 GMV reaching $517.3 million, a substantial increase from $74 million in 2020.
- The surge in the online food delivery market in Egypt was almost 7 times between 2020 and 2024, mainly driven by the adoption of app-based ordering in Cairo and Alexandria.
- Paymob Integrations processed $1.2 billion in QR-based restaurant transactions, with 85% of Talabat's orders in Egypt settled without cash.
- Key players like Talabat and Elmenus are highlighted for their dominance in scale and differentiation through content-rich discovery and lower delivery fees respectively, shaping the foodtech landscape in Egypt.
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TheStartupMag
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8 Tips for Setting Up Your Ideal Home Office
- 9 million Americans worked from home in 2019, now 22 million do.
- Tips include defining workspace, prioritizing ergonomics, and reliable internet service.
- Upgrade to fiber internet, run speed tests regularly, and optimize Wi-Fi setup.
- Consider ergonomics, internet speed, and personalizing workspace for increased productivity.
- Finishing touches like decor, accessories, and productivity apps enhance home office setup.
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Hackernoon
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The HackerNoon Newsletter: How to Stop Your TV From Watching You (7/5/2025)
- Amazon Launches in 1994, Dolly the Sheep Announced in 1996, The Modern Bikini Introduced in 1946 are highlighted historical events.
- Top quality stories include articles on Bitcoin, stopping your TV from watching you, life delusions, and post-victory actions.
- Articles cover various topics like Bitcoin banking, TV privacy settings, life's delusions, post-success strategies, and startup sales truths.
- The newsletter emphasizes the importance of writing to consolidate technical knowledge and provides interview questions for readers.
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Medium
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five low-cost business ideas for 2025
- Low-cost business ideas for 2025: digital products store, freelance microservice agency, local delivery service.
- Subscription-based community or newsletter trends with AI prompts and niche-focused services and tools.
- Offer digital products, freelance services, delivery services, or niche community/newsletter for 2025.
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Medium
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The Intricacies of VC Deals-2
- Governance and control terms are crucial in VC deals, shaping company relationships and operations.
- Main aspects include VC-nominated, founder-nominated, and independent directors, along with observer rights.
- Protective provisions, voting rights, co-sale, drag-along, information rights, no-shop, and key man clauses discussed.
- Understanding these terms helps entrepreneurs navigate complexities, protect interests, and build strong partnerships.
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The Total Entrepreneurs
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Overcoming Imposter Syndrome in Startup Leadership
- Imposter syndrome affects startup leaders, causing self-doubt and fear of being fraudulent.
- Recognize signs like perfectionism, self-doubt, overachievement, fear of failure, and discounting success.
- Overcome imposter syndrome by cultivating self-awareness, building support network, setting realistic goals.
- Focus on helping your team, seek professional help if needed for authentic leadership.
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Startup Pedia
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'₹5,215 Cr losses in 15 years —So remind me again why we celebrate Kunal Shah?' asks Deloitte Consultant
- Deloitte Consultant Adarsh Samalopanan questions the celebration of Kunal Shah's entrepreneurial journey, pointing out losses of ₹5,215 crore over 15 years.
- Samalopanan highlights that Freecharge, co-founded by Shah, faced losses of ₹269 crore despite generating ₹35 crore in revenue. Snapdeal acquired Freecharge for ₹2,800 crore in 2015, later selling it to Axis Bank for ₹370 crore.
- Kunal Shah's startup CRED, launched in 2018, accumulated ₹4,493 crore in revenue with net losses amounting to ₹5,215 crore. Despite a decade and a half in entrepreneurship, Shah has not reported a profitable financial year.
- Mixed reactions from netizens followed Samalopanan's LinkedIn post, with some praising Shah's market impact, while others raised concerns about inflated valuations and the celebration of unprofitable ventures.
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Analyticsindiamag
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Why Cluely Thinks ‘Cheating’ Is the Future of Work
- Cluely, the AI cheating assistant platform, specializes in narratives for cheat situations.
- By hiring influencers over traditional marketing channels, Cluely has a unique growth strategy.
- The startup, known for aiding in job interviews and meetings, embraces being labeled a 'cheating app'.
- Cluely uses AI to provide real-time assistance and aims to become a dominant provider.
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ISN
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Lenskart invests in Ajna Lens, a startup building AI-powered XR glasses
- Lenskart has made a strategic investment in Ajna Lens, a Mumbai-based deeptech startup developing AI-powered XR glasses to advance smart eyewear technology.
- Ajna Lens, founded in 2014, specializes in immersive hardware and software platforms using spatial computing, AI vision, and XR technologies, catering to enterprise, education, and defense sectors.
- The collaboration aims to leverage Lenskart's frame design and engineering expertise to create consumer-grade smart glasses integrating AI and XR tech, focusing on functionality, lifestyle appeal, and broader accessibility.
- Lenskart's move aligns with its IPO preparations, with reported plans for a $1 billion IPO at a $10 billion valuation, double its previous valuation, following a notable investment round involving Temasek and Fidelity Investments.
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Medium
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93
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The Journey Begins : From Student to Cybersecurity AI Founder
- A B.Tech CSE student from a tier-3 college is embarking on a journey to build an AI-driven cybersecurity company to safeguard the nation and the digital future.
- Their ambitious goals include securing a high-paying position in a global tech company within 3 years, growing their startup simultaneously, achieving financial freedom early, and reinvesting in tech, talent, and innovation.
- Despite lacking prestigious educational backgrounds like IITs or NITs, the individual is driven by passion, clarity, and a determination to succeed through learning and hard work.
- The individual plans to document their journey over the next 4 years, sharing successes, failures, progress, and learnings, while encouraging others with big dreams to connect and join in shaping the future.
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Inc42
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Exclusive: IPO-Bound InMobi Bags INR 32 Cr From Cofounders
- SoftBank-backed adtech unicorn InMobi has raised INR 32 Cr ($3.7 Mn) from its cofounders and Vatera Pte. Ltd.
- The funding round involved the cofounders Naveen Tewari, Abhay Singhal, Piyush Shah, Mohit Saxena, and Vatera Pte. Ltd.
- The capital raised will be used for InMobi's working capital requirements.
- InMobi, known for providing marketing solutions, is planning its IPO and aims to invest in AI commerce platforms and generative AI ad tech stacks.
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Startup Pedia
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Influencer mimics Nikhil Kamath’s way of interviewing guests on WTF podcast, Zerodha boss reacts
- Influencer Rohit Raghuvendra mimicked Zerodha co-founder Nikhil Kamath's interviewing style on the WTF Podcast in a humorous video.
- Raghuvendra captured Kamath's calm persona and questioning style in his skit, asking philosophical questions similar to those on the podcast.
- The video went viral, with netizens and BharatPe founder Ashneer Grover praising Raghuvendra's portrayal, and Kamath himself reacting positively with emojis.
- The WTF Podcast, hosted by Nikhil Kamath, has garnered over 1.5 million subscribers on YouTube and features notable guests from various fields.
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ISN
4d
1.4k
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'Rs 5,215 crore in losses, no profitable year, so why do we celebrate Kunal Shah?': Deloitte consultant
- Deloitte Senior Consultant Adarsh Samalopanan questioned the celebration of Kunal Shah's entrepreneurial journey due to continuous losses and lack of profitability over his 15-year career.
- Kunal Shah co-founded Freecharge in 2010, which incurred significant losses despite being acquired by Snapdeal for Rs 2,800 crore and later purchased by Axis Bank for Rs 370 crore, a fraction of its earlier valuation.
- Shah's current venture, CRED, has amassed Rs 5,215 crore in losses with Rs 493 crore cumulative revenue over seven years, spurring debates on the celebration of unprofitable ventures and inflated valuations.
- Reactions to Adarsh's post varied, with some defending Shah's market-changing impact in digital payments and premium credit experiences, while others questioned the valuation metrics and profitability of such ventures.
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Medium
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Official Statement by Seyed Mohsen Hosseini Khorasani
- Iran issues a statement declaring its stance amidst various threats and challenges it faces.
- Iran emphasizes that it is not comparable to Japan and will not submit to external pressures.
- Iran asserts its right to self-defense against any illegal strikes on its nuclear infrastructure.
- Iran advocates for conditional de-escalation based on maintaining dignity and sovereignty.
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