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Startup News
The Total Entrepreneurs
6d
371
Image Credit: The Total Entrepreneurs
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
6d
2.4k
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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
6d
173
Image Credit: Analyticsindiamag
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
6d
160
Image Credit: ISN
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
6d
94
Image Credit: Medium
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
6d
293
Image Credit: Inc42
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
6d
198
Image Credit: Startup Pedia
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
6d
1.4k
Image Credit: ISN
'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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14 Likes
Medium
6d
280
Image Credit: Medium
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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16 Likes
Medium
6d
37
Building with AI Feels Like Magic — Until You Hit Reality
- Building with AI requires skills and training, not just plug-and-play solutions.
- Working with AI involves orchestrating various components and designing systems rather than just writing code.
- Successful AI applications focus on context, adaptability, and scalability rather than quick fixes.
- Despite challenges like token limits, AI builders are encouraged to persevere for the ultimate magic of creating something transformative.
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ISN
6d
84
Image Credit: ISN
'Employees don't leave companies, they leave managers', says Ghazal Alagh
- Mamaearth co-founder Ghazal Alagh highlighted on LinkedIn that employees leave managers, not companies.
- Alagh stated that the daily interactions with managers influence whether employees remain or depart, rather than company policies.
- She listed eight types of managers high performers struggle to work with, such as micromanagers, credit takers, and the never-satisfied.
- Alagh emphasized that building trust and respect through consistent leadership is key for real retention, beyond perks or policy changes.
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4 Likes
Inc42
6d
248
Image Credit: Inc42
IPO-Bound Lenskart’s Peyush Bansal To Acquire 2% Stake From Investors
- Lenskart's CEO Peyush Bansal is looking to acquire 1.5% to 2% stake from existing investors at around $150 Mn.
- The stake is expected to be bought at a valuation of $7 Bn to $8 Bn.
- Negotiations are ongoing, and the transaction is likely to close in four to six weeks before filing draft IPO papers.
- Lenskart, founded in 2010, is an omnichannel eyewear retailer aiming for a public listing amid the IPO boom of tech companies, with recent financial growth and strategic investments.
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14 Likes
Inc42
6d
301
Image Credit: Inc42
From Jumbotail To InCred Finance — Indian Startups Raised $315 Mn This Week
- Indian startups raised a total of $314.6 million this week, with Jumbotail becoming India's 124th unicorn.
- Ecommerce emerged as the most favored sector, attracting $155.6 million in investments, led by Jumbotail's $120 million funding round.
- Funding activities were diverse, with notable investments in sectors like fintech, agritech, health tech, and advanced hardware & technology.
- The week also witnessed startup IPO updates, with Curefoods filing for an IPO, Meesho and Shadowfax opting for confidential pre-filing, and Kissht and NoPaperforms transitioning into public entities.
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18 Likes
Startup Pedia
6d
384
Image Credit: Startup Pedia
‘Building electronics capabilities in a sustained way’: Ashwini Vaishnaw says India to hit 38% value add compared to China in 5 years
- India is working towards enhancing its electronics manufacturing capabilities to reduce reliance on China.
- The country aims to achieve a value addition of 38% within the next five years, comparable to China's levels.
- Efforts are focused on developing local skills and supply chains to 'de-risk' and strengthen the electronics ecosystem.
- Initiatives like the India Semiconductor Mission and components incentive program are supporting the growth of India's electronics sector.
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Siliconangle
6d
43
Image Credit: Siliconangle
Customer support automation startup Wonderful raises $34M
- Wonderful Ltd., a customer support automation startup, has raised $34 million in funding from a seed round led by Index Ventures and involving Bessemer Venture Partners and Vine Ventures.
- The company focuses on providing AI-powered customer support solutions for non-English markets, allowing enterprises to create custom AI agents for handling support requests through various channels like call centers, chatbots, and email.
- Wonderful's platform utilizes large language models to process customer inquiries, with plans to incorporate language-specific data points and support for more languages in the future.
- The company intends to use the funding to enhance its platform, add support for additional languages, and differentiate itself from competitors like CrescendoAI Inc. and Palona AI Inc.
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