COFOUNDERS
Akasa Air to start flying to Abu Dhabi from Jul 11
Akasa Air started international services with flights to Doha in March. It has also announced flights to Jeddah and Riyadh. It also has traffic rights for Kuwait, and Medina.
LinkedIn cofounder's background-checking startup KarmaCheck raises $45 million
The San Francisco-based company said on Thursday that it will use the funds to accelerate the development of its technology and "expand into new industry verticals."
Ather Energy’s new plant to come up in Maharashtra, confirms cofounder Swapnil Jain on X
To be set up at an investment of Rs 2,000 crore, the electric scooter maker’s new plant will produce up to one million vehicles and battery packs per year.
How Tuesday night dates played a vital role in Netflix co-founder Marc Randolph's success
Marc Randolph emphasizes the crucial role of work-life balance in his success. He attributes his achievements not just to professional milestones but also to maintaining a healthy balance with personal life. His key practice is having Tuesday night dates with his wife for over 30 years, ensuring a consistent break from work and quality time with family. Despite occasional exceptions during busy periods, Randolph prioritizes family.
Former OpenAI cofounder launches new AI company
Ilya Sutskever, cofounder of OpenAI, launched Safe Superintelligence Inc (SSI) shortly after leaving OpenAI, joined by Jan Leike who now leads at Anthropic. Sutskever emphasised SSI's singular focus on advancing AI capabilities while prioritizing safety, aiming for rapid and secure scaling.
Indian electric two-wheelers better than global counterparts, says Ather Energy cofounder
Swapnil Jain, cofounder of Ather Energy, highlighted India's potential to emerge as a global leader in EV technology and design, attributing this progress to the government's 'Made in India' initiative. Jain also expressed optimism about future EV sales. Union Minister of Road Transport and Highways, Nitin Gadkari, was also present at the event.
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VC funds, angel investors seek safeguards in spousal partnerships
In many instances, founders often name their spouses as cofounders at the time of the inception of their venture. However, if the spouses choose to part ways after a few rounds of funding, at that time, dealing with that separation becomes messy for investors as they have to deal with disgruntled spouses who are also shareholders of companies.
What Ghazal Alagh learned from Jeff Bezos? Mamaearth co-founder reveals her decision-making strategy
Ghazal Alagh, co-founder of Mamaearth, has adopted a strategic technique inspired by Jeff Bezos, aiming to enhance decision-making at Honasa Consumer Ltd. Her method involves visualizing consumers in strategic meetings, reflecting a customer-centric approach akin to Amazon's strategies. This innovation has garnered rapid engagement on LinkedIn, prompting discussions on the inclusion of employees in decision-making processes.
Reliance Retail’s Tira launches 'Akind': Skincare brand co-founded by Mira Kapoor
Tira, Reliance Retail's beauty retail platform, has introduced its skincare brand, 'Akind', co-founded by Mira Kapoor, at its flagship store in Mumbai. Akind offers three categories of formulations focused on improving skin barrier health. Isha Ambani, Executive Director of Reliance Retail Ventures Limited, expressed excitement about the launch, emphasizing Tira's commitment to innovation. Mira Kapoor highlighted the brand's journey and its emphasis on tailored skincare solutions.
Unacademy’s Hemesh Singh joins other founders who donned non-executive roles
Unacademy's Hemesh Singh on Saturday stepped down as CTO of the company, moving to an advisory role. This is one of the many top-deck changes reported in startups over the past year. Here's a look at some of the key changes announced by startups in their leadership.
Unacademy cofounder and CTO Hemesh Singh quits edtech startup
Hemesh Singh, cofounder of Unacademy, transitions from CTO to advisory role after a decade. Singh's exit is the latest in a series of high profile exits from the edtech startup, which now primarily focuses on offline test preparation. Despite multiple layoffs, Unacademy reduced its net loss by 41% in fiscal 2023.
Akasa Air well on path to profitability; will launch more intl flights: Co-Founder Aditya Ghosh
Akasa Air, co-founded by Aditya Ghosh, is progressing towards profitability and expanding its reach to South and Southeast Asia. In under two years, the airline has grown to a fleet of 24 planes with over 4,000 employees. Ghosh emphasizes a customer-focused, consistent approach to operations and plans further international and domestic expansions.
Seeking personal and professional growth? Mamaearth's Ghazal Alagh shares her secrets
Mamaearth co-founder Ghazal Alagh emphasizes the importance of stepping out of one's comfort zone to achieve growth. In a recent social media post, she shared that facing discomfort and overcoming fear has made her more confident, resilient, and determined. Alagh also highlighted the lessons she learned from her children, such as finding joy in simple things and staying curious.
Ashneer Grover reflects on 2024 Lok Sabha election results during Statue of Liberty visit: 'India mein parliamentary democracy hai'
BharatPe co-founder Ashneer Grover, while visiting the Statue of Liberty in New York, shared his thoughts on the 2024 Lok Sabha election results. In a post on X (formerly Twitter), Grover praised Indian voters for demonstrating their intelligence and the strength of parliamentary democracy. He emphasized the importance of selecting better MP candidates at the constituency level. Grover's post received mixed reactions from social media users.
“EORS is going to be a game changer”: Uptownie’s Co-Founder Shivani Agarwal on the fashion brand’s partnership with Myntra
Myntra, a popular e-commerce platform, offers a vast selection of women's western wear, including trendy tops. Uptownie, a well-loved brand on Myntra, provides affordable and trendy fashion for Indian consumers. The ongoing End Of Reason Sale on Myntra presents great deals on Uptownie's viral products.
Seeking success? 7 secrets to succeed in life from Netflix co-founder Marc Randolph's father
Marc Randolph, co-founder of Netflix, recently shared a handwritten note from his father outlining seven essential rules for success. The note advises exceeding expectations, maintaining integrity, being courteous, offering constructive criticism, making decisions confidently, using data analysis, and embracing a balanced perspective. Randolph's post has sparked widespread interest, with viewers praising the timeless wisdom encapsulated in his father's guidance.
Noida businessman duped of Rs 9 crore in WhatsApp trading scam: Report
A businessman named Rajat Bothra from Noida was duped of over Rs 9 crore by cyber thugs after joining a stock market trading group. Social media, especially WhatsApp, has become a breeding ground for scams.
How Unacademy board tweaked targets for founders’ voting rights
Edtech unicorn Unacademy has changed the target for its cofounders Gaurav Munjal and Hemesh Singh to access additional voting rights through bonus shares issued to them in 2022. Industry sources said this move throws light on Unacademy’s changing ambitions as well as the broader sluggishness in the startup funding ecosystem.
₹80 cr security must for BharatPe co-founder Ashneer Grover and wife Madhuri Jain's US Visit
The couple will also have to submit all the details of their stay, hotels, travel, and phone numbers with the court and the investigative agencies. Besides, the HC also restrained them from creating third party rights on the shares of BharatPe held by them. The court said that one of the parties would stay in India as a "mortgage" while the other travels.
Why Nikhil Kamath decided against children? Zerodha co-founder talks about adoption and questions the need for legacy
Zerodha co-founder Nikhil Kamath recently discussed his views on parenthood and legacy on his podcast, WTF. Kamath revealed that he once considered adopting a child and conducted thorough research, only to find that current regulations make it nearly impossible for a single Indian man to adopt. He shared that his desire for adoption was driven by a sense of it being "cool" at the time.
Zerodha cofounder Nikhil Kamath invests in Collective Artists Network
This investment, a secondary transaction, facilitates a return of over 5X, via a strategic exit for Naveen Tiwari-founded InMobi’s Glance, which previously invested in Collective in 2021, as per a statement.
Nikhil Kamath, Manyavar family office may join A91 in Rare Rabbit’s Rs 500 crore funding
Bootstrapped till now, Rare Rabbit clocked revenue of over Rs 600 crore in fiscal 2024, with an operating profit of more than Rs 100 crore, as per sources in the know. Along with Rare Rabbit, the brand's parent company Radhamani Textiles also owns women's premium fashion brand Rareism and everyday wear brand Articale.
Infosys co-founder Narayana Murthy wants your kid to read this brilliant physics book
Infosys co-founder Narayana Murthy endorses "Conceptual Physics" by Paul G. Hewitt as essential reading for Indian youth nationwide. Murthy highlights its effectiveness in teaching physics to high school students. He urges translation into various Indian languages for wider accessibility, aiming to enhance STEM education and empower students across cultural backgrounds. Murthy's advocacy reflects a commitment to inclusive learning and educational excellence in India.
Why Bengaluru is Nikhil Kamath's favourite city? Zerodha co-founder says Mumbai has 'good-looking people but...'
Billionaire entrepreneur Nikhil Kamath recently praised Bengaluru, India's startup capital, in a YouTube podcast. Despite acknowledging challenges like traffic, he highlighted Bengaluru's standout feature as its people, emphasizing their warmth and love for the city. Kamath also praised Bengaluru's talent pool, calling it unmatched globally for startups due to its access to skilled individuals at a reasonable cost.
OpenAI cofounder Ilya Sutskever to exit
Ilya Sutskever was removed from OpenAI's board in November last year, after he joined in the effort to fire Altman but later signed an employee letter demanding his return.
Twitter cofounder Jack Dorsey leaves Bluesky board
Bluesky is a decentralised social media platform, cofounded by Jack Dorsey. It is pitched as an alternative to X, formerly Twitter. It crossed two million users in November last year.
HC asks Ashneer Grover not to create third party rights in shares transferred by BharatPe cofounder
Delhi High Court restrains Ashneer Grover from transferring shares to prevent irreparable loss to Bhavik Koladiya. The legal battle involves claims over shares transferred before BharatPe's incorporation, highlighting Grover's resignation in March 2022.
Zerodha co-founder Nikhil Kamath is bullish on the prospects of Indian wedding industry, says it has a bright future despite being ‘uncool’
The entrepreneur expressed strong optimism regarding the future of the wedding planning industry. Posting on X (formerly Twitter), the billionaire highlighted India's status as a highly sought-after wedding destination. Additionally, he shared statistics indicating that India boasted the world's second-largest wedding market after the United States, with a remarkable 13 percent growth from 2022 to 2023.
Zilingo's Ankiti Bose files FIR against cofounder Dhruv Kapoor
According to the FIR, in March 2021, the company’s cofounder Dhruv Kapoor and its former chief operating officer Aadi Vaidya allegedly threatened Bose and sought sexual favours.
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