The Indian e-commerce arena is abuzz with the news of Binny Bansal, one of the co-founders of Flipkart, embarking on a fresh entrepreneurial journey. With his recent divestment of remaining Flipkart shares, Binny Bansal is set to launch a new startup venture, utilizing his personal capital as the driving force. In this blog, we delve…
Zoho Corporation, the Indian multinational tech giant, has secured its position in the technology landscape with its wide array of software solutions and web-based business tools. Founded in 1996 by Sridhar Vembu and Tony Thomas, Zoho has transformed into a global tech powerhouse, serving businesses of all sizes with its innovative offerings. Key Points Evolution…
Google has recently announced the selection of 20 Indian startups for its prestigious Google for Startups Accelerator Program. This initiative aims to provide support, resources, and mentorship to promising startups in India, helping them to scale and achieve their growth potential. The startups have been chosen from a competitive pool of over 1050 applications, highlighting…
The Reserve Bank of India (RBI) has dealt a setback to Kunal Shah’s Cred by declining its application to increase its ownership in the non-banking finance company (NBFC), Newtap Finance. Currently, the RBI holds a 23.6% stake in Newtap, while the remaining ownership rests with Shah. This decision, reportedly centered around concerns related to corporate…
Introduction GRAB, a pioneering tech-enabled last-mile logistics company, has taken a significant step towards inclusivity and social impact with its innovative initiative, the ‘Livelihood on Wheels‘ project. This transformative endeavor aims to create meaningful livelihood opportunities for individuals with different abilities. Collaborative Synergy for Change In an inspiring collaboration, GRAB has partnered with Youth4Jobs and…
Starting from Scratch Dilkhush Kumar’s story is a remarkable tale of determination and hard work. Hailing from Bihar’s Saharsa district, he began as a rickshaw puller. However, he dared to dream bigger. Building a Dream Team Kumar’s vision led to the creation of RodBez, a platform connecting customers with taxi drivers for outstation travel. To…
BYJU’s, the embattled edtech firm, has appointed Richard Lobo, a veteran from Infosys, as the head of its Human Resources (HR) department. This strategic hiring comes amid ongoing challenges faced by BYJU’s in managing its workforce, including layoffs, delayed appraisals, and changes to employee incentives. Richard Lobo brings more than 23 years of experience from…
In a significant development, Zerodha, a prominent online brokerage firm, has received the final nod from the Securities Exchange Board of India (SEBI) to establish its very own asset management company (AMC). This pioneering move, as announced by CEO Nithin Kamath on X (formerly known as Twitter), signifies Zerodha’s commitment to expanding its footprint in…
In a groundbreaking move, CarTrade Tech has successfully solidified its position as a dominant force in India’s online auto platform sector by acquiring OLX’s classified and auto business for an impressive INR 535.54 crore. This monumental deal not only marks a strategic shift in the country’s classifieds landscape but also sets the stage for CarTrade…
28-Year-Old Billionaire and Self-Made Tech Pioneer Makes Strategic Move to Take Over Iconic Media Brand In a move that has sent shockwaves through the media industry, Austin Russell, the 28-year-old billionaire CEO of Luminar Technologies, has acquired an 82% stake in Forbes Global Media Holdings. The deal, which is reportedly worth $800 million, gives Russell…