Podcasts about bharatpe

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Best podcasts about bharatpe

Latest podcast episodes about bharatpe

Conversations
#260 DevShaadi Launch | Anant Jain | SDE-3 , BharatPe

Conversations

Play Episode Listen Later May 16, 2025 47:10


Anant Jain is a software engineer at BharatPe .EPISODE LINKS:Anant's Personal Webpage : https://anantpatni.com/Linkedin : https://www.linkedin.com/in/anantpatni1/Github : https://github.com/geekanantYouTube : https://www.youtube.com/channel/UCba8EopBAXKZKpmkgHWtOxwPodcast Socials :Instagram : https://www.instagram.com/decentmakeovrTwitter : https://twitter.com/decentmakeovrLinkedin : https://www.linkedin.com/in/ryan-dsouza-74542b295/PODCAST INFO:Podcast website: https://anchor.fm/ryandsouzaApple Podcasts: https://apple.co/3NQhg6SSpotify: https://spoti.fi/3qJ3tWJAmazon Music: https://amzn.to/3P66j2BGoogle Podcasts: https://bit.ly/3am7rQcGaana: https://bit.ly/3ANS4v1RSS: https://anchor.fm/s/609210d4/podcast/rss

Moneycontrol Podcast
4496: Paytm snaps ties with Juspay, race for SRO license heats up, BharatPe pares losses and a do or die for SaaS

Moneycontrol Podcast

Play Episode Listen Later Mar 25, 2025 7:48


In this episode of Tech3 by Moneycontrol, we dive into major fintech developments: Paytm snaps ties with Juspay as firms move away from payment orchestration, BharatPe slashes losses and turns EBITDA positive, and a new entity seeks RBI's SRO licence. We also cover industry tensions over UPI MDR, funding updates in lab-grown diamonds, and Freshworks' Girish Mathrubootham on why SaaS firms must embrace AI to survive. Tune in for all this and more.

Daybreak
Could a cashback convince you to change your go-to UPI app?

Daybreak

Play Episode Listen Later Mar 23, 2025 9:52


Remember that time in 2022 when India's top digital payments companies Phonepe, Paytm*, and Bharatpe were in a no-holds-barred turf war? Looking back, it seemed like there was news almost every other day about some tiff between the three market leaders. In fact, former managing director of Bharatpe, Ashneer Grover, has spoken on record about “street fights” between companies' employees over QR codes. A little more than two years later, there's only calm. QR code scuffles are over. No one is beating each other up. Both the peer-to-merchant and peer-to-peer payments space have settled down into a tripartite peace. Phonepe, Google Pay, and Paytm—in order of market share—are the clear leaders. This raises some interesting questions: How many UPI apps do you have on your phone? And do you have a favourite one? We may have multiple, but only one of them is ever really used. No amount of cashbacks or fancy user experiences make people want to switch to something else. Is it brand loyalty that is preventing users from churning out of old platforms and into new ones? A former Paytm executive told The Ken, “There is zero brand loyalty for UPI payments apps…” Well then, what is happening?*Paytm founder Vijay Shekhar Sharma is an investor in The Ken*This episode was first published on December 30, 2024Daybreak is produced from the newsroom of The Ken, India's first subscriber-only business news platform. Subscribe for more exclusive, deeply-reported, and analytical business stories.

Daybreak
Why people don't change their UPI apps even when they hate them

Daybreak

Play Episode Listen Later Dec 30, 2024 9:56


Remember that time in 2022 when India's top digital payments companies Phonepe, Paytm*, and Bharatpe were in a no-holds-barred turf war? Looking back, it seemed like there was news almost every other day about some tiff between the three market leaders. In fact, former managing director of Bharatpe, Ashneer Grover, has spoken on record about “street fights” between companies' employees over QR codes. A little more than two years later, there's only calm. QR code scuffles are over. No one is beating each other up. Both the peer-to-merchant and peer-to-peer payments space have settled down into a tripartite peace. Phonepe, Google Pay, and Paytm—in order of market share—are the clear leaders. This raises some interesting questions: How many UPI apps do you have on your phone? And do you have a favourite one? We may have multiple, but only one of them is ever really used. No amount of cashbacks or fancy user experiences make people want to switch to something else. Is it brand loyalty that is preventing users from churning out of old platforms and into new ones? A former Paytm executive told The Ken recently, “There is zero brand loyalty for UPI payments apps…” Well then, what is happening?*Paytm founder Vijay Shekhar Sharma is an investor in The KenDaybreak is produced from the newsroom of The Ken, India's first subscriber-only business news platform. Subscribe for more exclusive, deeply-reported, and analytical business stories.

VC10X - Venture Capital Podcast
VC10X - The 4 Stages of a Startup - Dhruv Dhanraj Bahl, Founder & Managing Partner, Eternal Capital

VC10X - Venture Capital Podcast

Play Episode Listen Later Nov 6, 2024 58:18


Dhruv Dhanraj Bahl is the founder & Managing Partner at Eternal Capital, an India-focused early-stage fund. Dhruv was previously CBO of merchant lending at Bharatpe, and had leadership stints at Paytm & Airtel Payments Bank. In this episode, we talk about - - Dhruv's story and how he started investing - Dhruv shares his experience being an LP in VC funds vs doing direct investments - The different stages of a startup - How should founders approach early-PMF - Why he is extremely bullish on the India opportunity - His biggest learning investing in startups & lots more Links: ⭐ Sponsored by Podcast10x - Podcasting agency for VCs - https://podcast10x.com Eternal Capital website - https://www.eternalcapital.vc/ Dhruv on LinkedIn - https://www.linkedin.com/in/dhruv-dhanraj-bahl-3857a033 Dhruv on X - https://x.com/dhruvdbahl

Mint Business News
Congress vs. BJP: Digital ads edition

Mint Business News

Play Episode Listen Later May 2, 2024 4:51


Welcome to Top of the Morning by Mint, your weekday newscast that brings you five major stories from the world of business. It's Thursday, May 2, 2024. My name is Nelson John. Let's get started: Indian markets fell slightly on Wednesday. Nifty was down by 0.17 percent, while Sensex lowered by 0.25 percent.  Following the announcement that it would split its businesses up, Godrej Industries gained more than 6 percent during yesterday's trading session. The 127-year-old conglomerate could yield multiple opportunities, even in a field where Godrej already has a commanding presence. Till now, Godrej and Boyce owned the group's land assets, while Godrej Properties developed the same land. But as part of the demerger, the former entity plans to hold on to the lucrative business, reports Varun Sood. They will only be able to do this after 6 years and not under the Godrej brand name, as per the competition commission rules. A move like this has massive consequences for corporate India, and we're just uncovering the ramifications. The Congress and the BJP are fighting it out in the voting booths. But even prior to that, there's another platform where they are vying for your attention: social media. Both parties are using features offered by Meta and Google to target specific audiences. Meta in particular is helping these parties to micro-target their advertisements to the intended audiences, write our partners at howindialives.com. They analyse ad spends of up to 50 crore rupees, and break it down across their strategies, form factor, and spending on particular platforms.  What's common between Byju's, BharatPe, Zilingo, Housing.com, and GoMechanic? There were notable concerns around the governance practices of these startups. Unethical behaviour and mis-reporting numbers from founders led to the downfall of many of the aforementioned startups. As Tina Edwin writes, these concerns have given rise to a corporate governance charter. If a startup adheres to these norms, investors are more likely to find it attractive to invest in. While these practices aren't binding on non-listed companies, founders would do well to pay heed to help establish an open and fair work environment for their employees and investors. Good Glamm Group started out as a company that sold skincare items. It then went on an acquisition spree: first, e-commerce, and then, digital content publications. But Good Glamm's shopping cart wasn't restricted to India: they also expanded their presence in the US. But closer home, their Indian partners weren't paid their dues. A slew of top-level exits, layoffs, and a confusing focus has led Good Glamm Group to a confusing business strategy, write Ranjani Raghavan and Suneera Tandon. As an impending IPO looms, will the company be able to chart out a sustainable path moving forward? It's been terribly hot these days. No matter which part of the country you're in, this year's summer feels worse than its predecessors. Many regions are currently undergoing heatwave conditions. This also has an effect on food inflation: prices of vegetables and mangoes are already quite high. While currently, farmers aren't actively planting, the storage and transport of the previous rabi season's crops is under stress due to the hot climate. Easily perishable items like tomatoes have turned dearer by 62 percent. Dairy products too are feeling the brunt of the heat, writes N. Madhavan in today's primer.  We'd love to hear your feedback on this podcast. Let us know by writing to us at feedback@livemint.com. You may send us feedback, tips or anything that you feel we should be covering from your vantage point in the world of business and finance Show notes: Godrej group could see birth of another property developer Inside the digital ads blueprint of BJP and Congress Mint Explainer: Why good corporate-governance practices are crucial for startups The mystery of Good Glamm's global gambit Red hot prices and other effects of the heatwave

Daybreak
How UPI will disrupt the credit card ecosystem

Daybreak

Play Episode Listen Later Mar 22, 2024 9:42


Not long ago, Suhail Sameer, former BharatPe CEO had said UPI will do to credit what the likes of companies like BharatPe did to debit a few years back. India has more than 960 million debit cards in the country and only about 85 million credit cards.  But conditions in the credit market are headed towards a disruption because of UPI and there's one area of the whole credit ecosystem where it is undeniably going to change the game.  In fact, we could go out on a limb to say that credit via UPI could even end it.  Tune in to find out.

BusinessLine Podcasts
Know your banker: In conversation with Rajnish Kumar 

BusinessLine Podcasts

Play Episode Listen Later Oct 7, 2023 25:55


In this episode of the Current Account podcast, Hamsini Karthik talks to Rajnish Kumar, former Chairman of the State Bank of India and the current Chairman of BharatPe. Rajnish Kumar has had an illustrious career spanning various roles in both traditional banking and cutting-edge fintech.  One of the key topics explored in this conversation is the differing approaches to growth between banks and fintechs. Banks are often known for their cautious, calibrated growth strategies, while fintechs are expected to double their numbers month after month.   Rajnish Kumar offers his perspective on this contrast and whether it poses challenges for career bankers who value quality and consistency. The discussion also looks at BharatPe's growth trajectory and whether the perception of slowed growth holds true. Rajnish Kumar provides insights into the company's strategic shift towards profitable merchants and the importance of balancing growth with prudent lending practices. Tune in as he shares his insights and experiences, shedding light on the progress at BharatPe, his journey at MasterCard, and the age-old question: Is it more fun to work with a bank or a fintech company? Listen in! --- Send in a voice message: https://podcasters.spotify.com/pod/show/business-line/message

JasaRodio
How BigSpoon Misled Its Investors, and is Close to Bankruptcy?

JasaRodio

Play Episode Listen Later Sep 9, 2023 6:46


India, being the 3rd largest startup ecosystem is fraught with frauds too. There have been several instances of corporate governance lapses in startups like BharatPe, Zilingo, Trell, and GoMechanics. This time it's a cloud kitchen startup, namely Bigspoon Foods. The fraud was exposed in an article titled "How a cloud-kitchen startup misled investors and left unpaid bills in its wake?" which appeared in the e-magazine The Ken, on 28 August 2023. The podcast covers, how BigSpoon misled into believing that they had closed a Series A round, when in fact it hadn't. Things started to spiral downward in the last 2 months, almost leading it to bankruptcy.

Raj Shamani - Figuring Out
Ashneer Grover Controversy, Banking System & More | Ex-Chairman SBI Rajnish Kumar |FO109 Raj Shamani

Raj Shamani - Figuring Out

Play Episode Listen Later Jul 26, 2023 59:09


Order 'Build, Don't Talk' (in English) here: https://amzn.eu/d/eCfijRuOrder 'Build Don't Talk' (in Hindi) here: https://amzn.eu/d/4wZISO0--------------Subscribe To Our Other YouTube Channels:-https://www.youtube.com/@rajshamaniclipshttps://www.youtube.com/@RajShamani.Shorts-------------  In today's episode of Figuring Out, our guest is loyalty personified. Mr. Rajnish Kumar has served as the Ex Chairman of SBI and is currently the chairman of Bharatpe and on the advisory board for several big companies. He has been with SBI for nearly 4 decades and discusses the changing dynamics of loyalty in the corporate world. Our guest shares valuable insights from his tenure at SBI, shedding light on the reasons behind diminishing loyalty and the factors influencing it. The conversation shifts to the challenges faced by banks during the period of demonetization. With first-hand experience as the MD of SBI during that time, he shares stories of the crowded banks and reveals whether the banks were aware of the decision beforehand. Find out how SBI tackled the situation and their commitment to serving a staggering 48 crore customers today. They dissect the true purpose behind the move of demonetisation and the impact of 2000 and 500 rupee notes on the economy.As the podcast progresses, they explore the airline industry and the challenges it faces. With insights from the guest's extensive experience, they discuss the importance of knowing when to detach and gracefully close down a business when necessary. Learn about our guest's decision to join BharatPe after retirement and his support for fintech ventures. He shares the reasons behind his choices and addresses the comments and criticism he has faced. The podcast delves into the financial aspects of leadership roles, discussing the salary of an SBI Chairman and the post-retirement compensation. Make sure you watch this podcast till the end!--------------------

LongShorts - Banter on All Things Business, Finance, and People
S6 Ep125: Onboarding Credit Risk With Nageen Kommu of Digitap.AI

LongShorts - Banter on All Things Business, Finance, and People

Play Episode Listen Later Feb 20, 2023 49:28


We chat with Nageen Kommu, Founder and CEO of Digitap.AI, whose work has largely revolved around solving the problem of information asymmetry for lenders.  Majority of BFSI players in the country are dependent on bureau data while c. 400mn Indians have low bureau scores, making formal credit inaccessible to them.  Digitap.AI provides alternative data and scoring models to underwrite such borrowers, thereby reducing the risk of NPAs. An early stage fintech platform, the company offers AI and ML based Credit Underwriting, Digital Customer Onboarding, Automated Risk Management and Big Data enabled solutions, including Risk Analytics and Customized Scorecards. The company is a certified TSP on the Sahamati platform.    Clients comprise 70+ organisations, including new age fintechs like Bharatpe, Navi, Incred, Lendbox, Kreditbee, as well as more traditional players such as Motilal Oswal, Piramal Finance, and Northern Arc, among others. For FY 2022, the company's revenue stood at INR63mn ($0.8mn) and EBITDA stood at INR25mn ($0.3mn). Targeting an ARR of $20-25mn in the next 5 years, alternate use cases such as marketing, fraud detection, and identity management and development of a personal finance management suite along with the existing solutions should act as key growth catalysts for the business.  Hope you enjoy this TRANSFIN. Podcast with Nikhil Arora and Sharath Toopran, where we converse with entrepreneurs and business operators running successful startups, profitable SMEs and family promoted firms on one end, and top investment professionals representing VC/PE/credit funds on the other. The objective is to bring out an "actionable" perspective converging the world of business and investing. If you're a founder and if you'd like us to drill down your model, feel free to drop us a line at edit@transfin.in

The Startup Operator
Roundup #98: G20's Startup20, UPI for NRIs, Self Balancing Scooter & more!

The Startup Operator

Play Episode Listen Later Jan 15, 2023 20:14


Welcome to #98th episode of The Startup Operator Roundup. The Roundup is our weekly views on the news from the Indian Startup Ecosystem. ------------------------------------- This episode is brought to you by Park Avenue, shop for their wrinkle free shirts here: https://www.myraymond.com/ ------------------------------------- Park Avenue Power Point Tweet: https://twitter.com/RoshanCariappa/status/1612305909841285120?s=20 ------------------------------------- Connect with Us: Linkedin: https://www.linkedin.com/company/startup-operator​Twitter: https://twitter.com/OperatorStartup ------------------------------------- Topics:00:00 Opening Comments02:43 G20's Startup2005:39 UPI for NRIs07:48 Rapido ban in Maharashtra09:08 Microsoft's Unlimited Leaves10:16 Park Avenue Wrinklefree Shirts10:40 BharatPe's authorized as Payment Aggregator13:46 Auto Expo - Self Balancing Scooter15:01 Other Fundraises17:02 Park Avenue Power Points If you liked this episode, let us know by hitting the like button and share with your friends and family. Please also remember to subscribe to our channel and switch on the notifications to never miss an episode!

The Ranveer Show हिंदी
Doglapan Exposed - Ashneer Grover On TRS | The Ranveer Show हिंदी 130

The Ranveer Show हिंदी

Play Episode Listen Later Jan 4, 2023 79:34


नमस्ते दोस्तों! The Ranveer Show हिंदी के 130th Episode में आपका स्वागत है। आज के Podcast में हमारे साथ जुड़ चुके हैं Ashneer Grover जो Unicorn Fintech Company BharatPe के पूर्व Co-Founder और Managing Director हैं। इन्होंने Grofers को भी Unicorn बनाने में बहुत बड़ा योगदान दिया है। ये Shark Tank Season 1 के भी हिस्सा रहोगे। इन्होंने हाल-ही में एक Book Release की है जिसका नाम है Doglapan, जिससे आपको कई Business Lessons पता चलेंगे। इस Podcast में हम बात करेंगे Ashneer Grover की Early Life, Education, Bank में Job करना, Grofers में कैसे वो CTO बने, Fitness Transformation, Viral video Of Ashneer Grover, Shark Tank Season 2 के Sharks, BharatPe का Motto, Bharatpe Suhail Sameer के बारे में। साथ ही साथ हम करेंगे Ashneer Grover की Wife, Love Marraige, Minister बनने की ख्वाहिश, Investors Bhagwan Hai, BharatPe Cofounders, Yeh Sab Doglapan Hai, Probability Of Success और Business World में Impact के बारे में ढ़ेर सारी बातें। मैं आशा करता हूँ कि ये Video आप सभी Viewers को पसंद आएगा। खास तौर पर उन सभी को जिन्हें Entrepreneurship, Business World और Indian Startups का Culture के बारे में जानने में Interest है। Hiring कैसे आसान है, Delegation, Successful Startups जैसी चीज़ों के बारे में हम Discuss करेंगे इस Hindi Podcast में सिर्फ और सिर्फ आपके Favourite BeerBiceps Hindi Channel Ranveer Allahbadia पर। (00:00) : Introduction (02:57) : Ashneer Grover की Life (05:09) : Fitness Transformation (08:03) : Shark Tank का Season 2 (12:05 ) : 24 की उम्र में Love Marraige (18:53) : Future Goals और Vision (21:33) : BharatPe की शुरुआत (35:22) : Investors भगवान है या नहीं? (40:13) : Success की Probability (52:43) : Business आपको क्या सिखाता है? (57:23) : Shark Tank से मिली सीख (01:00:43) : Delegation और Hiring की ज़रूरत (01:16:11) : Episode की समाप्ति

Mint Business News
Suhail Sameer to step down as CEO at BharatPe

Mint Business News

Play Episode Listen Later Jan 3, 2023 3:54


In this episode of Mint Business News, fint out about BharatPe's founder stepping down as CEO and Jet Airways' Revival Plan. Business Term of the day - Credit Spread

The Startup Operator
Roundup #94 : Gold Coin ATMs, AWS's Space Push, New Twitter Blue Prices & more!

The Startup Operator

Play Episode Listen Later Dec 11, 2022 34:18


Welcome to #94th episode of The Startup Operator Roundup. The Roundup is our weekly views on the news from the Indian Startup Ecosystem. ------------------------------------- This episode is brought to you by Park Avenue, shop for their wrinkle free shirts here: https://www.myraymond.com/ ------------------------------------- Startup Operator podcast with Eshwar Vikas : https://youtu.be/f7N0mectDkw ------------------------------------- NaaN Curry podcast with Eshwar Vikas : https://omny.fm/shows/naan-curry-with-sadaf-and-archit/can-robots-cook-indian-food-with-eshwar-vikas ------------------------------------- Park Avenue Power Point Tweet: https://twitter.com/samidhas/status/1600034519570173957 ------------------------------------- Connect with Us: Linkedin: https://www.linkedin.com/company/startup-operator​Twitter: https://twitter.com/OperatorStartup ------------------------------------- Topics:00:00 Opening comments05:53 India gets world's first gold ATM07:49 Blume Ventures closes Fund IV 12:12 LegalPay launches fund to invest in legal tech startups13:45 AWS to invest in Indian Space start ups15:38 Paytm considering share buyback18:47 Park Avenue Wrinkle Free Shirts19:12 RBI rolls out new feature for UPI: Multi debit21:34 BharatPe seeks Rs 88 crore in damages from Ashneer Grover27:10 Twitter Blue new prices announced29:03 Other News30:45 Park Avenue Power Points If you liked this episode, let us know by hitting the like button and share with your friends and family. Please also remember to subscribe to our channel and switch on the notifications to never miss an episode!

Forbes India Daily Tech Brief Podcast
India's e-rupee pilot to begin from tomorrow; RBI rejects PhonePe, Razorpay NBFC bids – report; Vikram Kirloskar dies at 64

Forbes India Daily Tech Brief Podcast

Play Episode Listen Later Nov 30, 2022 4:46


India will conduct the first pilot of the e-rupee for retail digital currency on December 1, Reserve Bank of India, the country's central bank said yesterday in a statement. Meanwhile, the central bank has rejected the NBFC licence applications of some well-known fintech startups, The Hindu Businessline reports. And Vikram Kirloskar, the well-known industrialist, widely seen as being responsible for bringing Toyota to India, died yesterday, reportedly of a heart attack. He was 64. Notes: India will conduct the first pilot of the e-rupee for retail digital currency on December 1, Reserve Bank of India, the country's central bank said yesterday in a statement. Four banks — State Bank of India, ICICI Bank, Yes Bank and IDFC — will participate in the initial phase of the pilot in four cities (Mumbai, New Delhi, Bengaluru and Bhubaneswar). Bank of Baroda, Union Bank of India, HDFC Bank and Kotak Mahindra Bank will join the pilot subsequently, the Reserve Bank of India said. In more digital finance news, the Reserve Bank has rejected the NBFC licence applications of some well-known fintech companies in India, The Hindu Businessline reports, citing “highly placed sources” that the paper didn't name. Among the companies that have had their applications turned down are PhonePe, Razorpay, BharatPe, OkCredit and NiYo which operates as a neo-bank, according to Businessline. The central bank is concerned about the sources of the money flowing into these startups, seen as coming in through tax havens, according to Businessline. The likelihood of fintech companies charging high-interest rates on their loans is also a concern for the central bank, according to the paper. Chinese e-commerce giant Alibaba Group Holding is looking to sell a three percent stake in food delivery services provider Zomato as part of a $200 million block deal today CNBC-TV18 reports. Shares of the loss-making Indian company ended yesterday's trading in Mumbai at Rs. 63.35, down more than 55 percent from the beginning of this year. The company went public in July last year with a listing price of Rs. 76. Biocon Biologics, a subsidiary of Bengaluru's biopharma company Biocon, said yesterday it has successfully completed its multi-billion-dollar acquisition of the global biosimilars business of its partner Viatris. Biocon Biologics and Viatris have obtained all applicable approvals from key global regulators and investors. The acquisition provides Biocon Biologics with direct commercial capabilities and supporting infrastructure in the advanced markets and several emerging markets, the company said. Vikram S. Kirloskar, Vice Chairman, Toyota Kirloskar Motor, died yesterday, according to a brief company statement. He was 64, and multiple media reports state the cause of death as a heart attack. Vikram Kirloskar was a pioneer of India's automotive industry and played a key role in bringing Japan's Toyota Motor Corp to India in the late 1990s, according to Business Standard. He had a degree in mechanical engineering from the Massachusetts Institute of Technology, in the US. Kirloskar is survived by his wife Geetanjali and daughter Manasi, according to Business Standard. Last respects can be paid today at the Hebbal crematorium in Bengaluru at 1 pm, according to the company's statement. Theme music courtesy Free Music & Sounds: https://soundcloud.com/freemusicandsounds

Supply Chain Next
052 - Pawan Gupta & Abhishek Sharma - Revolutionizing Fashion Supply Chain

Supply Chain Next

Play Episode Listen Later Nov 22, 2022 68:30


Fashinza is an AI-driven B2B marketplace for global fashion supply chains. They make it exceptionally easy for international brands to access design to delivery in as fast as 4 weeks with very low minimums. Fashinza offers access to a transparent production process that can be monitored 24/7 with 100% control enabled by their revolutionary FactoryOS. Their goal is to create a sustainable (i.e. net positive) supply chain by 2030 and empower SMB manufacturers with Industry 4.0 solutions. Fashinza has a roster of over 250 factories that currently serves 200+ brands across 6 countries, including the United States, Canada, UAE and India. The company was co-founded in 2020 by serial entrepreneurs Pawan Gupta, Abhishek Sharma, and Jamil Ahmad. In May of 2022, they announced Series B funding round totaling $100M USD, after 12 months of 10x business-growth crossing $150 million in annualized GMV run rate. --- https://fashinza.com https://www.linkedin.com/company/fashinza/ Pawan is the Co-Founder and CEO of Fashinza, building the future of fashion manufacturing industry using data and cloud that is more sustainable, ethical, inclusive, fast, and efficient. Fashinza is funded by leading VCs, Accel Partners (Facebook, Slack, Flipkart), and SAIF Partners (PayTM, Swiggy). Previously Pawan co-founded Curofy, which is today India's largest network of Doctors in India with over 50% of Indian doctors discussing patient cases with their peers to provide extremely quick and better diagnoses to their patients. Curofy was VC funded and got acquired by a large US corporate, Edifecs in an all-cash deal in 2017. Pawan is a mission-driven entrepreneur who believes in using technology and entrepreneurship to bring meaningful change in the lives of the most needy. He was part of Forbes India's 30 under 30 in 2018, Rising Stars by Bloomberg TV, and Young Turks by CNBC. He has also written guest columns in leading publications and has spoken at global events. Pawan Gupta, CEO and Co-Founder at Fashinza --- https://www.linkedin.com/in/pawaniitd/ Abhishek is the Co-Founder and COO of Fashinza, a global tech-enabled manufacturing company helping Fashion brands source apparel using data and cloud that is more sustainable, ethical, inclusive, fast, and efficient. Fashinza is funded by leading VCs, Accel Partners, Elevation Capital, Prosus Ventures (Naspers), Westbridge, and ADQ UAE. He hasextensive experience in product & technology, building start-ups like Flipkart (India's leading eCommerce platform acquired by Walmart), LimeRoad, Curofy (acquired by RoundGlass USA) & BharatPe. He is also a writer and guest author for ProductSchool, Hackernoon, Prototypr, and Noteworthy Abhishek Sharma, Co-Founder & COO at Fashinza -- https://www.linkedin.com/in/abhishekksharma/ In Episode 52 Richard talks with Pawan Gupta and Abhishek Sharma, Co-Founders of Fashinza, about: 00:01:05 : Meet Pawan Gupta and Abhishek Sharma 00:03:40 : Pawan and Abhishek's beginnings in manufacturing. 00:09:13 : What it's like to be a startup person in India today. 00:14:21 : How India's entrepreneurial spirit is changing over time. 00:19:49 : Building manufacturing out of India. 00:26:16 : What does Fashions do and how does it work? 00:30:43 : What are some of the biggest challenges you're seeing in the manufacturing industry? 00:36:18 : What are the three P's that you're focused on with supply chain? 00:40:25 : What's some of the things that shocked people that you're already seeing that has the opportunity to be fixed? 00:44:05 : How to build a supply chain that adds value to your customers. 00:49:04 : The importance of integrating with other supply chain solutions. 00:52:31 : The importance of being a part of a larger tapestry. 00:57:28 : What are some of the things you can do in terms of circularity? 01:02:08 : What's coming in India? 01:05:23 : What's coming up for the company.

100x Entrepreneur
The Inside Story of BharatPe ft CEO Suhail Sameer and Founder Shashvat Nakrani

100x Entrepreneur

Play Episode Listen Later Oct 10, 2022 51:39


The number of retail grocery retailers across India in 2022 amounted to about 13 million. Grocery retail account for about 65% of India's overall retailers.And the most common problems faced by these retailers on a financial front up until a few years back were - Accepting digital payments such as UPI or CardsEasy & Quick access to loans for expanding business or in the form of working capital for buying new stock.In 2018, BharatPe was started to cater to these problems faced by every day retailers in India. Since then the company has grown to enable 10 million merchants in 400+ cities, processing US$ 20 bn of annualized TPV in payments.During the peak of Covid, they also joined hands with ICICI Lombard to launch Coronavirus insurance cover for shopkeepers. To enable hands-free checking of transactions they also launched Speaker. To know how digital payments turned out as a big break for them, we've got BharatPe founder Shashvat Nakrani  & CEO Suhail Sameer on our guest seats this time.In this episode we discuss-How they've scaled BharatPe over the past 4 years?Does the age gap between them affect the decision-making at the top level?What do they keep in mind while building or scaling any new product?And much moreNotes - 01:35 - Expectations with BharatPe's current scale03:17 - Joining a Rocket Ship as a CEO05:10 - Changes in culture and customer offerings in the last 2 years12:19 - Very less attachment to a particular role amongst founders & CEOs16:30 - Dealing and coming out the challenging times at BharatPe18:17 - Zoho Sponsored – Prashant Ganti on Where do founders struggle with Payroll and how can they fix it?19:33 - Helping the team innovate faster and plan Go-To-Market strategy25:37 - Strengths & Weakness of Shashvat29:33 - Strengths & Weakness of Suhail31:03 - Handling the firing decisions35:17 - What are the things they bond over? 36:38 - Processes v/s Hustle in 0 to 1 and 1 to 10 journey40:49 - Secret recipe behind success at 0 to 1 on a product-level44:02 - Idea behind building distribution network47:33 - Suhail's top priorities while joining BharatPe49:29 - Biases and things Suhail had to unlearn55:21 - Listening to Younger v/s Older Team members while decision making 58:39 - Next Chapter of BharatPe01:01:00 - What is being IPO-ready? 01:07:39 - Things which they could have explored outside of Fintech?

Backstage with Millionaires
Does India Really Have 100 Unicorns?

Backstage with Millionaires

Play Episode Listen Later May 13, 2022 15:48


In this video, we take a look at India's journey to 100 unicorns, from it's first ever startup unicorn in 2011, in the form of inMobi, to neobanking startup Open becoming 100th unicorn in 2022. The term 'unicorn' was created by American VC and entrepreneur Aileen Lee in 2013, she took all of the U.S.-based software companies that were started in or before 2003 and had achieved a valuation of $1 billion through public or private market investors, and put them in a club: the Unicorn Club. In India's case, it's unicorn journey started in 2011, when InMobi, a company that was founded in 2007, became a unicorn. Following this, Flipkart became a unicorn in 2012, Mu Sigma in 2014 and then Ola in 2014. Snapdeal also became a unicorn in 2014, but they have since exited from this club due to their valuation falling below $1 Billion. Companies like Quikr, Hike and Shopclues also fall in this category. Then we have companies who have been since acquired and also bags the question that should they be counted as unicorn today? Flipkart is an example here, which was acquired by Walmart. Then you have startups like Billdesk, which was bought by PayU, PhonePe getting acquired by Flipkart and BigBasket, which became a unicorn in 2019 and were acquired by Tata Digital in 2021. All this while, India's unicorn growth was pretty slow but steady till 2017, when Jio launched its 4G services, and this brought a mobile internet revolution in the country. From 1 unicorn in 2017, India saw 10 unicorns in 2018: B2C unicorns included Swiggy, OYO, BYJU'S, Policybazaar, Paytm Mall, and Phonepe, and B2B unicorns included Rivigo, Freshworks, Billdesk, and Udaan, which was the fastest company to become a unicorn at the time - it took them just 26 months. Then, in 2019, things slowed down a bit, with just 7 unicorns that year: in the B2C category were Ola Electric, Lenskart, Dream11, Delhivery, and BigBasket, and in the B2B category were Incertis and Druva. In 2020, COVID increased people's reliance upon the internet, and host of Indian e-commerce startups like Firstcry, Cars24, and Nykaa became unicorns. Facilitating these online payments resulted in fintech companies like Razorpay and Pine Labs also achieving unicorn status. B2C startups like Verse Innovation (Dailyhunt), ed-tech startup Unacademy, fintech startup Zerodha, and SaaS startup like Zenoti and Postman also became unicorn in the same year. 2020, was followed by an even bigger year in terms of unicorns in 2021, when 44 Indian companies became unicorns. This year saw 11 E-commerce startups (Spinny, OfBusiness, Moglix, Mensa, Meesho, Mamaearth, Licious, Infra.Market, Good Glam Group, GlobalBees, Droom), 11 Fintech startups (Zeta, Slice, Mobikwik, Groww, Digit, CRED, Coinswitch Kuber, CoinDCX, Chargebee, BharatPe and Acko) becoming unicorns. Then we have 5 enterprisetech and SaaS startups (Mindtickle, MapmyIndia, Gupshup, BrowserStack, Apna), 4 health startups (Cure.fit, Innovaccer, Pharmeasy, Pristyn Care), 4 consumer service startups (Blinkit, CarDekho, Rebel Foods, Urban Company), and 3 edtech startups (Eruditus, Vedantu and Upgrad) also becoming unicorns. Other 2021 unicorn categories include Media and Entertainment startups MPL and sharechat, Logistics startup Blackbuck, Traveltech startup Easemytrip , Real Estate startup Nobroker, and Manufacturing startup Zetwork. Talking about where where these startups coming from, they were all from tier 1 cities. Bangalore is leading this list with 39 unicorns, NCR region with 32 unicorns, mumbai with 16, Pune with 6, Chennai with 5 and Hyderabad with 2. Now we are halfway in 2022 and we have already produced and now it seems that by 2025, India will have upwards of 250 unicorns. So that will be exciting to watch and we will continue to track all of this in our upcoming episodes.

Business Standard Podcast
Which IT skills are likely to land you lucrative job offers?

Business Standard Podcast

Play Episode Listen Later Apr 18, 2022 7:32


India's $195 billion IT industry is increasingly making its presence felt across the world. In FY 22, its revenue grew by $30 billion to reach the $227 billion mark. The industry registered an impressive 15.5% growth. And, according to Nasscom, it was the highest since 2011. The industry also added the highest ever 450,000 new employees in FY22, taking the employee base to 5 million. But, even as it recruited a record number of new talent, the industry was besieged with an all time high attrition rate. Just look at the IT bellwethers. At Infosys, on a last twelve months basis, the attrition rate hit a record high of 27.7 percent in the fourth quarter of FY22. Meanwhile, India's largest IT services company, Tata Consultancy Services, saw record attrition in the March quarter at 17.4 percent.   And IT companies have been at their wits end, doing their best to retain talent. Some resorted to novel ways to keep employees on board. According to reports, companies doled out salaries much above the prevailing market rates. Some even gave 100 percent hikes. Employee stock options were also being dangled in front of software engineers. Fintech firm BharatPe offered BMW bikes to new entrants. Techies, who have a few years under their belt, are now getting multiple job offers. Some IT companies, fintechs, and even startups, have started delaying the payout of employee's performance bonus in a bid to delay their departure. Apparently, this gives the company more time to find a replacement.   But why this churn? Experts believe that demand for digital talent has outpaced supply. The pandemic has also caused an acceleration in digital adoption. This, too, has contributed to the intense race for talent, not only from the IT giants, both global and domestic, but also from nimbler start-ups. But some experts also believe that this churn cannot continue indefinitely and that things will settle down sooner rather than later. However, the skill sets that were at the centre of the talent race will still be necessary for any aspiring techies who want to make it big. According to the TeamLease Digital Employment Outlook Report, released last December, the IT-BPM industry had set its eyes on digital skills in FY22. And, among them, 13 skill sets were going to largely be in demand. In fact, they were expected to record a 7.5 per cent growth in FY22 over FY21.   Also, according to the same report, the demand-supply gap is widening for data engineering, data science, machine learning and artificial intelligence skills. Recreate the table from the attached image. (PLEASE DO NOT USE THE IMAGE ITSELF) A talent solution and IT staffing expert Business Standard spoke to also emphasised on these skill sets. However, the IT industry -- and in fact most businesses-- are standing on the cusp of momentous changes, the effects of which are yet to be fully understood. Clearly, techies will have to adhere to up-skilling religiously. But, what about the industry? At the end of the day, a company can either build the talent or buy it. But, if the churn doesn't indeed subside in the coming year, could it be perhaps time for the industry to look at a third option? They may also look to borrow, so to say, talent by engaging companies that provide temporary staffing solutions. There will indeed be dearth for digital talent in the market who can keep pace with the technology. Take for example the potential of the metaverse, and the skills that it will require. With 5G becoming the norm in the coming years, the Internet of Things will also take off in a big way. The situation is dynamic and thus, it is hard to predict whether the same skills that are so in demand today will still be at the top five years down the line. They will remain relevant, no doubt, but will they still command the premium that they do today? Only time will tell. 

Backstage with Millionaires
Top 10 Startups From Delhi-NCR

Backstage with Millionaires

Play Episode Listen Later Apr 14, 2022 13:00


In today's video, we look at top 10 Indian startups based in the Delhi-NCR region. #10 Rivigo: In 2014, Deep Garg and Geet Kalra set out to make the profession of truckers more humane and address the growing need of truck drivers in the country by starting Rivigo. The company's innovative relay trucking model not only helps its drivers to go home to their families every day but also makes deliveries for their customers much faster. It is no surprise that Rivigo has become a unicorn and continues to enjoy the support of its investors who have pumped in $268.7 million. #9 GlobalBees: Founded by Edelweiss' former President Nitin Agarwal and FirstCry's co-founder Supam Maheshwari in 2021, GlobalBees invests in and acquires D2C brands that they believe have massive growth potential. GlobalBees then uses their own expertise to help these brands scale their business, turning them into highly successful portfolio companies. #8 MamaEarth: Founded by Ghazal Alagh and Varun Alagh in 2016, Mamaearth is a D2C babycare brand that sells toxin-free babycare products. Today, they have expanded their toxin-free product portfolio to enter the adult personal care market as well. In FY21, Mamaearth's revenue grew 4X to reach ₹461 crore. #7 Pristyn Care: Founded by Garima Sawhney, Harsimarbir Singh, and Vaibhav Kapoor in 2018, Pristyn Care is trying to innovate in India's fragmented healthcare market, and they're focusing on the surgery space specifically. By partnering with around 500 hospitals and clinics – Pristyn Care handles a patient's entire healthcare journey, from doorstep pickup and drop, finding them the right doctor, completing hospital paperwork, getting a diagnosis and submitting insurance documents, and then finally post-surgery recovery and home delivery of medicine. #6 Spinny: Founded by Ganesh Pawar, Mohit Gupta, Niraj Singh, and Ramanshu Mahaur in 2015, Spinny started as an online classifieds platform for buying and selling used cars. However, they soon realised by putting control over the quality of the cars in the hands of sellers, the customer experience on their platform was suffering for buyers. #5 Urban Company: Founded by Abhiraj Singh Bhal, Varun Khaitan and Raghav Chandra in 2014, Urban Company is India's largest homes services marketplace. The company has a network of more than 35,000 home service professionals. They have also expanded beyond India to countries UAE, Australia, Singapore and Saudi Arabia. #4 BharatPe: In 2018, Ashneer Grover joined Bhavikkumar Koladiya and Sashvat Nakhrani to build BharatPe, a solution to the problems that merchants had been facing. By leveraging India's UPI, they were able to launch an interoperable UPI-based QR code – allowing merchants to accept UPI payments from any digital payments provider, and the best part was they didn't have to pay any commission for accepting these payments. #3 Cars24: Founded by Gajendra Jangid, Mehul Agrawal, Ruchit Agarwal and Vikram Chopra in Gurugram in 2015, Cars24 was created to organise the highly fragmented used car market in India. They did this by making it easy for customers to sell used cars on their platform. Cars24 inspects the vehicle, settles on a fair price, and then they handle the documentation, all in less than an hour. #2 Delhivery: Founded by Bhavesh Manglani, Kapil Bharati, Mohit Tandon, Sahil Barua, and Suraj Saharan in 2011, Delhivery is India's leading logistics company with a more than 20% market share in the e-commerce delivery space. #1 OYO: Founded by Ritesh Agarwal in 2013, Oyo Rooms is India's hospitality unicorn that had expanded rapidly to international destinations before shrinking operations due to the pandemic. So far, OYO's investors have poured $3.1 billion into the startup.

Think Fast with Varun and Suchita
Elon Musk + Twitter, YouTube X Podcasts, & The All-New Tata Neu

Think Fast with Varun and Suchita

Play Episode Listen Later Apr 13, 2022 52:50


This week was quite the whirlwind with some very interesting collaborations and announcements. Varun & Suchita kick off the midweek madness with BharatPe folks washing their dirty laundry on LinkedIn and the new but same old Sabyasachi X Starbucks collection. Further, they discuss the new Super App Tata Neu- is it worth the hype?, Elon Musk becoming the largest shareholder in Twitter, so now possibly what next?, Asian Paints' latest acquisitions and their attempt to foray into categories beyond just colour, YouTube's interest in podcasting and the steps taken towards making the platform more inclusive, DailyHunt's progress story, and finally a take on a recent Gaurav Munjal interview. This week they recommend Newsletters:Varun asks us to check out the 'Thousand Faces Club' Newsletter while Suchita suggests 'The Sociology of Business' You can follow Varun Duggirala on Twitter at: https://twitter.com/varunduggi and on Instagram at https://instagram.com/varunduggiYou can follow Suchita Salwan on Twitter at https://twitter.com/suchitasalwan and on Instagram at https://instagram.com/suchitasalwanYou can follow IVM Podcasts on social media. We are @IVMPodcasts on Facebook, Twitter, Instagram, YouTube.You can listen to this show and other awesome shows on the new and improved IVM Podcasts App on Android or iOS.

The Signal Daily
Indian Startups Brace For Hall Monitors

The Signal Daily

Play Episode Listen Later Mar 21, 2022 6:35


Good morning, folks! We've returned from a long weekend! In today's episode, we learn that Covid-19 has not truly left. Several countries, including China, Germany, and Hong Kong, are experiencing a significant surge in cases. In other news, Farheen Khan discusses how Indian startups are feeling the heat. Following the BharatPe controversy, several Indian startups are under intense tax scrutiny.

Think Fast with Varun and Suchita
Pet Care, Mental Health & IG-TikTok Duration Confusion

Think Fast with Varun and Suchita

Play Episode Listen Later Mar 9, 2022 52:38


This week on Think Fast, Varun & Suchita talk about 2 growing categories- Mental Health & Pets. Suchita gives us a rundown of why mental health apps have seen a rise, especially as a result of the lockdown when offline sessions were not possible, and the trend just continues thereafter. She also analyses the significant growth in the pets category with a rise in food products, grooming and daycare services, and more. Varun discussed how Twitter has been eyeing India as a potential market that can accelerate its growth, INOX's partnership with ESports to bring the stadium experience to theatres, especially in smaller cities, and Instagram laying IGTV to rest while TikTok letting users make 10-minute videos. All this and much more. Suchita Recommends: 1. Russia's War on Ukraine (The Atlantic)2. Honestly with Bari Weiss: Russia's War on Ukraine: A Roundtable (Podcast Episode)Varun Recommends: Johny Harris' YouTube ChannelYou can follow Varun Duggirala on Twitter at: https://twitter.com/varunduggi and on Instagram at https://instagram.com/varunduggiFollow Suchita Salwan on Twitter at https://twitter.com/suchitasalwan and on Instagram at https://instagram.com/suchitasalwanYou can follow IVM Podcasts on social media. We are @IVMPodcasts on Facebook, Twitter, Instagram, YouTube.You can listen to this show and other awesome shows on the new and improved IVM Podcasts App on Android or iOS.

Wharton FinTech Podcast
Deven Parekh, Managing Director at Insight Partners - The Evolution of Global Fintech Investing

Wharton FinTech Podcast

Play Episode Listen Later Mar 7, 2022 40:49


Anirudh Singh sits down with Deven Parekh, Managing Director at Insight Partners. The two discuss what makes Insight such a successful investment firm, the evolution of fintech investing over the past 10 years, investments in Slice, GCash, Pomelo, and much more. Deven Parekh: Deven Parekh is a Managing Director at Insight Partners. Since joining Insight in 2000, he has made more than 130 investments in enterprise software, data, and consumer internet businesses globally, including in North America, Europe, India, Israel, China, Africa, Latin America, and Australia. Currently, Deven serves on the Boards of Directors for Appriss, Calm, Candy, Checkout.com, Chrono24, Community Brands, CoreLogic, Diligent, DistroKid, DriveWealth, Ellkay, Fanatics, iad, PDI, TetraScience, Vinted, WeWork, and Within3. Other companies within his portfolio include Chargebee, FTX, Thunes, Splitwise, 1stdibs, Slice, Saks.com and Saks OFF 5th, BharatPe, and Automattic (WordPress). In addition to his work at Insight, Deven currently serves as a Board Member for the Council on Foreign Relations, NYU Langone, the Carnegie Endowment for International Peace, and the Tisch New York MS Research Center. He was also confirmed by the United States Senate to serve on the Board of Directors for the U.S. International Development Finance Corporation. Prior to joining Insight, Deven was a Principal at Berenson Minella & Company, a New York-based merchant banking firm, where he served on the M&A Committee. He also worked for Blackstone on M&A and other investment activities. Deven has a B.S. in Economics from the Wharton School at the University of Pennsylvania. For more FinTech insights, follow us below: Medium: medium.com/wharton-fintech LinkedIn: www.linkedin.com/company/wharton-fintech-club/ WFT Twitter: twitter.com/whartonfintech Anirudh's Twitter: twitter.com/avsingh_24

Backstage with Millionaires
The Sudden Downfall of Ashneer Grover

Backstage with Millionaires

Play Episode Listen Later Mar 7, 2022 11:56


In this video, we look at Ashneer Grover's journey of building BharatPe into a unicorn to the controversy that led to his resignation. BharatPe wasn't Ashneer's idea: Back in March 2018, Bhavikkumar Koladiya and Shashvat Nakhrani had founded BharatPe. But coming from a small town, neither of them had the connections to secure the kind of funding they'd need to build and scale BharatPe. So in July 2018, they reached out to Ashneer Grover to seek angel investment but they also got their third co-founder – who had the perfect founder profile and had already helped Grofers raise $170 million. Over the next three years, Ashneer helped BharatPe raise over $700 million and helped make BharatPe into a $3 billion unicorn. The leaked audio recording that changed everything: An audio recording of a phone call was leaked on 5th January 2022 and in this clip, someone was heard berating and threatening to kill an employee of Kotak Mahindra Bank - this male voice also hands the phone over to a female voice, who talks with the Kotak employee as well - the reason? Not being able to get allotment in Nykaa's IPO. According to the leaker, this person was Ashneer Grover and his wife, Madhuri Jain Grover. Ashneer, of course, quickly tweeted that the clip was fake, but later on, he deleted this tweet, and the leaked audio clip was also removed soon after. It was later revealed that Ashneer and Madhuri had, in fact, sent a legal notice to Kotak Mahindra Bank for the same issue - not getting allotment in Nykaa's IPO. Things escalated to the point where Kotak initiated legal action against Ashneer and Madhuri over the leaked audio clip. The entire issue might have flown under the radar of a lot of people if Ashneer hadn't been a judge of Shark Tank India. He was in the public eye now, at precisely the wrong moment. It was the perfect storm, and his rude and abrasive behaviour while talking to entrepreneurs on the show didn't sit well with many of Shark Tank India's audience members. Ashneer and Madhuri go on a ‘voluntary leave': All this controversy was not good for BharatPe's business and so the board asked Ashneer to go on leave until the end of March – hoping things would settle down by then. But soon after Ashneer was sent on leave, his wife Madhuri was sent on leave as well. With the Grovers out of BharatPe, The startup's board announced an independent audit to look into their internal systems and processes. While Ashneer went right ahead and hired himself a team of lawyers to protect his interests and shareholding at BharatPe. In response to this, BharatPe's board hired PwC to conduct the independent audit. And PwC is one of the Big 4 accounting firms, and according to BharatPe's Articles of Association, a founding member of the company can be removed and their equity can be bought back by the company at fair market value if one of the Big 4s can show any kind of gross negligence or wilful misconduct involving that founding member. So now BharatPe's intentions were clear: they were looking for any kind of financial fraud that might have happened while Ashneer was heading BharatPe. And according to the leaked reports in the media, they found not one but two instances of financial fraud. Madhuri is fired and Ashneer resigns from BharatPe: On the 23rd of February Madhuri Jain Grover was fired on allegations of financial fraud and misappropriation of funds at BharatPe .And a week after this happened, Ashneer Grover decided to put down his resignation in a scathing letter to the startup's board and investors. And this was the end of Ashneer's journey with BharatPe.

Backstage with Millionaires
Why Ola Electric is Building a Battery Factory in India - Indian Startup News 110

Backstage with Millionaires

Play Episode Listen Later Mar 5, 2022 10:00


This week in Indian startup news, Ola Electric is planning to build a battery cell manufacturing plant, Ashneer Grover resigns from BharatPe, Urban Company announces PSOPs worth Rs 150 crore and Scaler acquires AppliedRoots for $50 million. In funding news, Niyo raises $100 million, Perfios raises $70 million, Pocket FM raises $65 million, Filo raises $23 million and Kuhoo raises $20 million. Ola Electric is planning to build a battery cell manufacturing plant: According to recent Reuters report, it looks like after building the world's largest electric scooter factory, Ola Electric is now planning to build its own battery cell manufacturing plant in India. The reports suggest that they might start by setting up a factory with 1 GWh capacity by 2023 and would eventually expand it to 20 GWh in the next 3-4 years. Ashneer Grover resigns from BharatPe: Ashneer's resignation comes merely a week after her wife Madhuri Jain Grover was sacked from BharatPe. And while Ashneer has claimed he and his family are innocent in all this, BharatPe's board has accused him and his wife of doing financial fraud. Even though Ashneer is no more associated with the day to day workings of BharatPe, he is still the largest individual shareholder in the company with 9.5% stake. Urban Company announces PSOPs worth Rs 150 crore: On-demand home and beauty services provider Urban Company has introduced what it is calling PSOP (Partner Stock Option Plan) worth ₹150 crore. PSOPs are just like ESOPs but instead of giving stock options to employees, Urban Company is giving them to the gig workers and service professionals working with Urban Company - whom they call partners. The company said that they are yet to figure out how these stock options will be disbursed and redeemed but they plan on executing their PSOPs in the next 5 to 7 years. Scaler acquires AppliedRoots for $50 million: Edtech startup Scaler, which offers upskilling courses to college students and tech professionals, has acquired an online learning platform Applied Roots in a stock and cash deal worth $50 million. Niyo raises $100 million: Neo banking startup Niyo has raised $100 million in a round led by Accel and Lightrock India to launch new products in the lending and insurance space and to fund their inorganic growth through acquisitions. Perfios raises $70 million: Fintech startup Perfios has raised $70 million in a round led by Warburg Pincus and Bessemer Venture Partners to fund the acquisition of other companies and meet their capital expenditure requirement. Pocket FM raises $65 million: Indian language audio streaming platform Pocket FM has raised $70 million in a round led by Goodwater Capital, Naver and Tanglin Venture Partners. Filo raises $23 million: Live tutoring platform Filo has raised $23 million in a round led by Anthos Capital to onboard 200,000 tutors in the next 12 months and conduct 2 million live classes daily. Kuhoo raises $20 million: Online student loans platform Kuhoo has raised $20 million in a round led by WestBridge Capital.

3 Things
India's evacuation challenges, new climate change report, and Ashneer Grover

3 Things

Play Episode Listen Later Mar 3, 2022 24:56


First, Indian Express' Associate Editor Shubhajit Roy joins host Shashank Bhargava to talk about the challenges India will likely face in trying to evacuate all Indians from the war-torn Ukraine.Next, Indian Express' Amitabh Sinha shares the highlights of the latest IPCC report on climate change, and what it warns us about (12:22).And in the end, we take a quick look at the action that BharatPe has taken against its managing director and co-founder, Ashneer Grover (22:42).

HT Daily News Wrap
Hindustan Times News | 2nd March 2022 | 6 PM

HT Daily News Wrap

Play Episode Listen Later Mar 2, 2022 6:22


Ukrainian President says Russia must stop bombing Ukrainian cities, Russia is working to place humanitarian corridor for safe evacuation of Indian nationals, BharatPe has removed Co-Founder Ashneer Grover from all positions and other top news in this bulletin.

Daily Dose
Ep 983: Indian student killed in Ukraine, Ashneer Grover quits BharatPe

Daily Dose

Play Episode Listen Later Mar 1, 2022 9:56


Supriti David brings you the news from Manipur, Uttar Pradesh and Ukraine. See acast.com/privacy for privacy and opt-out information.

HT Daily News Wrap
Hindustan Times News | 1st March 2022 | 6PM

HT Daily News Wrap

Play Episode Listen Later Mar 1, 2022 3:25


Ashneer Grover, co-founder & managing director of BharatPe has resigned, India has told its citizens to leave Kyiv urgently today, Ilker Ayci turns down the Tata Group's offer to be CEO & Managing Director of Air India and other top news in this bulletin.

The DeshBhakt With Akash Banerjee
Ukraine braces for a 'final' assault tonight | Indian Students Stuck | SNL with Akash Banerjee

The DeshBhakt With Akash Banerjee

Play Episode Listen Later Feb 27, 2022 80:46


Busy week at the Deshbhakt as we return to action after a brief pause. 2 massive scams covered earlier in the week - #NSE being run by a 'Yogi' and #BharatPe co-founder Ashneer Grover's wife sacked .... The situation in Ukraine continues to be tough - with Russia's plan of 'easy takeover' foiled - Putin's forces have now threatened for a decisive push. Will take you though all the latest and why thousands of our students are still stuck in Ukraine .... + your questions

Backstage with Millionaires
Why Was Ashneer Grover's Wife Fired From BharatPe?

Backstage with Millionaires

Play Episode Listen Later Feb 26, 2022 11:03


This week in Indian startup news, Ashneer Grover's wife fired from BharatPe, Lido Learning shuts down, OkCredit lays off 35% of its workforce and Swiggy and FirstCry are planning IPOs. In funding news, Uniphore raises $400 million to become a unicorn, Hasura raises $100 million to become a unicorn, MediBuddy raises $125 million, Facilio raises $35 million, Propelld raises $35 million, Xoxoday raises $30 million, Happilo raises $25 million, Shipsy raises $25 million, Vymo raises $22 million, NewSpace raises $21 million, Fleetx.io raises $19.4 million, DaMensch raises $16.4 million and Increff raises $12 million. Ashneer Grover's wife fired from BharatPe: Ashneer Grover has been vocal that he wasn't part of any financial fraud, despite BharatPe conducting an investigation against him. Now, Ashneer has filed an arbitration plea with the Singapore International Arbitration Centre (SIAC) against BharatPe board. According to media reports, through this plea Ashneer is claiming that the investigation against him is invalid as it violates the terms of his shareholder agreement. In his plea, he also added that despite his numerous objections, BharatPe has kept the review and assessment process opaque - not giving him any opportunity to present his case. While the case is now in the SIAC, in the meanwhile, on Wednesday, Ashneer's wife Madhuri Jain Grover was fired from BharatPe over allegations of misappropriation of funds. Lido Learning shuts down: Lido Learning, an edtech startup that offers group online classes, is shutting down their operations due to a lack of funds. According to media reports and employee accounts, Lido Learning's founder Sahil Sheth announced that the startup is shutting down operations at a town hall on 4th February - as they didn't have enough funds to even credit the salaries of their employees and they might get their salaries only if the startup is able to sell their assets in the coming months. It is estimated that Lido Learning has around 900-1200 employees. OkCredit lays off 35% of its workforce: OkCredit, a digital bookkeeping solutions provider for small and medium business, has laid off between 30-35% of their employees affecting around 35-40 employees. According to media sources - OkCredit had around 140 employees before lay off and that number is around 80 now. They are now planning to focus on fintech initiatives instead of burning money on their bookkeeping platform. Swiggy and FirstCry planning IPOs: With a bunch of IPOs already lined up, there are reports that food delivery giant Swiggy is looking to raise $800 million through an IPO early next year, while e-commerce platform for baby products FirstCry is busy looking for investment banks to help them with their IPO which could be launched in 2022 itself. Uniphore raises $400 million to become a unicorn: Conversational AI and automation startup Uniphore has raised $400 million in a round led by New Enterprise Associates (NEA) at a $2.5 billion valuation – making them India's 9th unicorn of 2022. Hasura raises $100 million to become a unicorn: Hasura - a software platform that builds API development tools for developers has raised $100 million in a round led by Greenoaks Capital at a $1 billion valuation – making them India's 10 unicorn of 2022. MediBuddy raises $125 million: Healthtech startup MediBuddy has raised $125 million in a round led by Quadria Capital and Lightrock India to invest in customer awareness and strengthen their technology platform.

HT Daily News Wrap
Hindustan Times News | 24th February 2022 | 6 PM

HT Daily News Wrap

Play Episode Listen Later Feb 24, 2022 2:50


Russia's surprise move to attack Ukraine has led to global criticism, fintech platform BharatPe has terminated the services of co-founder Ashneer Grover's wife, Indian government is considering alternate evacuation routes amid fresh curbs in Ukraine on air traffic and other top news in this bulletin.

The Travelling Professor's Diary
The Path to a SharkTank

The Travelling Professor's Diary

Play Episode Listen Later Feb 22, 2022 13:06


Hey! Here's our Brand Recall Survey you can fill - https://www.surveymonkey.com/r/6HP2RVB Shark Tank is finally in India! In this episode of Smarter With Sid, let's figure out the path to a Shark Tank and let's explore the way in which Shark Tank India is rapidly changing the equation and bringing about different aspirations from hundreds and thousands of people across India. Bonus : Siddharth also shares a story about his experience working with one of the Shark Tank India judges and founder of Shaadi.com, Anupam Mittal! Find out their story only on this episode. You can follow Siddharth Deshmukh on LinkedIn: https://www.linkedin.com/in/sideshmukh Follow Siddharth Deshmukh on Instagram: https://instagram.com/thetravellingprofessor Follow Siddharth Deshmukh on Twitter: https://twitter.com/edgysid?s=09 You can reach out to us on social media. We're @ivmpodcasts on Twitter, Instagram, and Facebook. You can listen to this show and other awesome shows on the IVM Podcasts app on Android: https://ivm.today/android or iOS: https://ivm.today/ios, or any other podcast app. You can check out our website at https://shows.ivmpodcasts.com/featured

Bharatvaarta
Bharatvaarta Weekly #78 | Udupi Hijab Row, Quad Foreign Ministers' Meeting, BharatPe Founder Scandal

Bharatvaarta

Play Episode Listen Later Feb 13, 2022 35:43


The Bharatvaarta Weekly is our reaction to the news headlines of the week that was. If you liked this episode, then don't forget to subscribe to our channel and share this content. You can stay updated with everything at Bharatvaarta by following us on social media: we're @bharatvaarta on Twitter, facebook.com/bharatvaarta.in on Facebook, and @bharatvaarta on Instagram).

2 Peas in a Pod
MEETING ASHNEER GROVER, VALENTINES DAY & RELATIONSHIPS || 2 Peas In A Pod

2 Peas in a Pod

Play Episode Listen Later Feb 13, 2022 38:27


In this episode of the NUMBER 01 COMEDY PODCAST OF INDIA, your favourite hosts talk about how it was when they met ASHNEER GROVER from SHARKTANK - the Co Founder and MD of BharatPe when they recorded a podcast for him with Raj Shamani. Sharing our 2 cents on: - Meeting Ashneer Grover - How is Ashneer Grover IN REAL LIFE? - Funny moments while recording Raj Shamani's podcast with Ashneer Grover - Should you Celebrate Valentines Day? - Greatest Cause of BREAKUPS - Miscommunication in Relationships - Toxic Masculinity - Paritosh's Double Dating Valentine and a lot more ... If you find any value in this podcast - make sure you share it with your people! The Number 01 comedy podcast is now back!

Bharatvaarta
Bharatvaarta Weekly #78 | Udupi Hijab Row, Quad Foreign Ministers' Meeting, BharatPe Founder Scandal

Bharatvaarta

Play Episode Listen Later Feb 13, 2022 35:42


The Bharatvaarta Weekly is our reaction to the news headlines of the week that was. If you liked this episode, then don't forget to subscribe to our channel and share this content. You can stay updated with everything at Bharatvaarta by following us on social media: we're @bharatvaarta on Twitter, facebook.com/bharatvaarta.in on Facebook, and @bharatvaarta on Instagram).

Backstage with Millionaires
Ashneer Grover Vs BharatPe Saga | Ather Energy To Launch New Electric Scooter | Three New Unicorns

Backstage with Millionaires

Play Episode Listen Later Feb 12, 2022 11:46


This week in Indian startup news, BharatPe vs Ashneer Grover controversy, Navi Technologies planning an IPO, Ather Energy planning to launch a new electric scooter, and Razorpay's first international acquisition. In funding news, ElasticRun raises $300 million to become a unicorn, Livspace raises $180 million to become a unicorn, Xpressbees raises $300 million to become a unicorn, Airmeet raises $35 million, Mintifi raises $40 million, Xto10X raises $25 million, Bugworks Research raises $18 million, Karbon Card raises $15 million, and Sprinto raises $10 million. BharatPe vs Ashneer Grover controversy: BharatPe has hired PwC to audit their books and there are already reports of financial fraud. Ashneer Grover on the other hand has denied all the allegations from the leaked audio clip to financial fraud. He now is asking the board to either pay him ₹4,000 crore for his 9.5% stake in the company if they want him gone or let him run the company. Navi Technologies planning an IPO: Sachin Bansal's latest fintech and insurtech venture Navi Technologies is gearing up for an IPO within four years of its launch. Navi Technologies provides loans and insurance to their customers and they've also launched their own mutual fund to offer more investment opportunities to their customers. Ather Energy planning to launch new electric scooter: While Ola continues to face production delays, their rival Ather Energy is gearing up to up the ante as they plan to launch a new variant of their electric scooter with a bigger battery with a longer range within the next six months. Ather's new electric scooter is expected to have a 110-115 km range – which could give Ola a run for their money. Razorpay's first international acquisition: Indian fintech giant Razorpay has acquired a majority stake in Curlec, a Malaysian recurring payments solution for businesses - marking their first international acquisition. ElasticRun raises $300 million to become a unicorn: Pune-based B2B e-commerce startup ElasticRun has raised $300 million in a round led by Softbank Vision Fund 2 at a $1.5 billion valuation – making them a unicorn. Livspace raises $180 million to become a unicorn: Home decor and renovation platform Livspace has raised $180 million in a round led by KKR at a $1.2 billion valuation – making them a unicorn. Xpressbees raises $300 million to become a unicorn: Pune-based logistics service provider Xpressbees has raised $300 million in a round led by Blackstone Growth, TPG Growth, ChrysCapital at a $1.2 billion valuation – making them India's 8th unicorn of 2022. Airmeet raises $35 million: Virtual events platform Airmeet has raised $35 million in a round led by Prosus Ventures and Sistema Asia Fund to add new experiences on their virtual events platform by investing in R&D and to expand their international business. Mintifi raises $40 million: B2B lending startup Mintifi has raised $40 million in a round led by Norwest Venture Partners and Elevation Capital to expand their lending product portfolio by adding products like BNPL solutions for SMEs. Xto10X raises $25 million: Binny Bansal's scaling platform for startups Xto10X has raised $25 million to help develop learning programmes, software tools and operating capabilities - that will enable startups to scale their operations. Bugworks Research raises $18 million: A clinical-stage biopharmaceutical startup Bugworks Research has raised $18 million in a round led by Lightrock India to support the development of its broad-spectrum antibacterial agent. Karbon Card raises $15 million: Karbon Card, which offers corporate cards to businesses and startups, has raised $15 million to offer complete neobanking services to businesses. Sprinto raises $10 million: SaaS-based compliance automation startup Sprinto has raised $10 million in a round led by Elevation Capital to open their first office in the US.

Raj Shamani - Figuring Out
Shark Ashneer Grover (Founder & MD, BharatPe) On Making A Profitable Business | Figuring Out

Raj Shamani - Figuring Out

Play Episode Listen Later Feb 11, 2022 86:14


In this podcast - What Ashneer liked about being a judge at Shark Tank India?How did Ashneer become a judge at Shark Tank India?Why is he so straightforward in his approach?Why is it important to make sure you don't become indifferent?How to say NO up-front?How does Ashneer approach his investment?What are the top 3 advice of Ashneer to entrepreneurs?Timestamps00:00 - Intro03:00 - Ashneer being a Teetotaller09:05 - Starting with Entrepreneur Venture16:05 - The problem with MRP of a Product22:10 - Ticket Size Matters Most27:40 - How to Build A Brand?35:00 - Ashneer's Major Role in BharatPe44:20 - Fundamentals of Entrepreneurship50:35 - Ashneer's Mindset in Shark Tank57:55 - His Brutal Honesty01:07:10 - How to Say No to People01:10:40 - Investor's POV01:21:20 - Upcoming Big Industry in India01:25:30 - OutroIn today's episode of Figuring Out, Raj talks with Ashneer Grover, MD, and Co-Founder BharatPe. He is also among the judges in the reality show Shark Tank India. He has completed his graduation from IIT Delhi and MBA from Indian IIM Ahmedabad. Ashneer shares that it is really ironic that Bira has been his biggest portfolio investment even when he is nowhere near drinking! He elucidates why he left 9-5 work and joined an entrepreneurial venture and explains why the MRP of a product is problematic for India.Ashneer shares his experience of working with different companies and startups like Kotak Investment Banking, Amex, Grofers, etc. and talks about his experience of being a part of Shark Tank India.Ashneer explains how can one build a brand in India with an example of his own experience of building BharatPe. He also discusses some fundamentals that should be clear to anyone who wants to be an entrepreneur. —————————————————————————————————————————Subscribe to my YouTube channel:  

IVM Likes
Pop Culture this week! - Lata Mangeshkar, SRK and more

IVM Likes

Play Episode Listen Later Feb 11, 2022 75:59


Hey! Here's our Brand Recall Survey you can fill - https://www.surveymonkey.com/r/6HP2RVBThis week on IVM Likes, we're changing things up a bit! We're doing a round-up of pop culture events that happened this last week. Antariksh and Zalak are joined by IVM producers Surohini and Jalasmi and they start the episode by talking about the sad demise of the legendary singer Lata Mangeshkar and about the whole SRK situation at her funeral. They also discuss the backlash that the trailer of Gehraiyaan is getting, about how NY Times acquired Wordle and ofcourse about the BharatPe-Ashneer Grover situation! Tune in to know their take on it!Recommendations of the week - Surohini recommends Coke Studio S14, Zalak recommends Mad About Coco - a hotel in Varkala, Kerala - India, Antariksh recommends the YouTube channel ThinkSchool and Jalasmi recommends the album of Badhai Do.Follow Antariksh on Instagram: https://instagram.com/antarikshtFollow Zalak on Instagram: https://www.instagram.com/tgen_zakFollow Surohini on Instagram : https://www.instagram.com/surohinijainFollow Jalasmi on Instagram : https://www.instagram.com/hathi.ka.bachaHave topics or things that you'd like for us to cover on the show? Reach out to us at talktous@indusvox.com You can listen to this show and other awesome shows on the IVM Podcasts app on Android: https://ivm.today/android or iOS: https://ivm.today/ios, or any other podcast app

Press Decode
Startup Founders or Chinese Government: Kaun Banega Bada Dictator?

Press Decode

Play Episode Listen Later Feb 10, 2022 29:26


Big Story: We're looking at the many woes of BharatPe and its infamous co-founder Ashneer Grover. Food for Thought: We're talking about media censorship in China and drawing parallels with India.What are we Roasting?1) North Korea is stealing crypto to fund its missiles.What are we Toasting?1) The pillow fight championship2) Gaya airport be so 'GAY'Check out more athttps://splainer.in/Find us on social media:Instagram | Twitter | FacebookYou can listen to this show and other awesome shows on the IVM Podcasts app on Android: https://ivm.today/android or iOS: https://ivm.today/ios, or any other podcast app.You can check out our website at https://shows.ivmpodcasts.com/featured

Finshots Daily
Shark Tank, a fintech founder, and a banking licence

Finshots Daily

Play Episode Listen Later Feb 8, 2022 5:58


In the past week, some of you asked us, “Finshots, can you please tell me what's actually happening at BharatPe?” Now everyone, and we mean literally everyone has covered the story, so what more can we possibly cover?

The Morning Brief
Ashneer Grover Ko Gussa Kyoon Aata Hai?

The Morning Brief

Play Episode Listen Later Feb 7, 2022 28:48


Allegations of fraud, mud-slinging and more – lines are clearly drawn at BharatPe with Grover on one side and the board and investors on the other. Host Arijit Barman talks with ET's Digbijay Mishra and Tarush Bhalla to figure out the man, the company and how things went so wrong at BharatPe. Credits: SET India, Business Today, MoneyControl, CNBC-TV18, NDTV

Backstage with Millionaires
Delhi - India's New Startup Capital? | Ashneer Grover Probed For Financial Fraud? | Latest Unicorn

Backstage with Millionaires

Play Episode Listen Later Feb 5, 2022 9:54


This week in Indian startup news, Delhi becomes India's new startup capital, Ashneer Grover probed for financial fraud, Budget 2022: startup tax holiday extended and LTCG surcharge capped at 15%, Ola rebrands quick grocery delivery business as Ola Dash, and Curefoods acquires Maverix. In funding news, Dealshare raises $165 million to become a unicorn, Moglix raises $250 million, Chargebee raises $250 million and Scaler Academy raises $55 million. Delhi becomes India's new startup capital: According to the Economic Survey 2021-22, Delhi is now the new startup capital of India - taking the title away from Bengaluru. Between April 2019 and December 2021 - while Bengaluru added 4,514 new startups, Delhi on the other hand added over 5,000 startups. Ashneer Grover probed for financial fraud: Days after BharatPe's Ashneer Grover went on a ‘voluntary leave', not only did his wife Madhuri Jain Grover (who also works at BharatPe) also went on a leave and BharatPe also announced an independent audit of the company's internal processes and systems. According to media reports, both Ashneer and his wife are being investigated for financial fraud at BharatPe. Ashneer is already facing a hard time in the media for the leaked audio clip controversy, but allegations of financial fraud could have serious consequences for not just Ashneer but for India's startup ecosystem. Ashneer has hired a legal firm and is looking to safeguard his reputation and interests at BharatPe. Budget 2022: Startup tax holiday extended and LTCG surcharge capped at 15%: While there wasn't much talk about startups in general in the latest budget, there are a few positives for Indian startups. First of all, startups that were incorporated between 1st April 2016 and 31st March 2022 - were eligible for a tax holiday - meaning they don't have to pay any tax on profits for three consecutive years out of the first ten years of their operations. Due to the whole covid situation, this period has been increased by one more year until 31st March 2023. Secondly - investors, startup founders and employees will now have to pay less tax on their startup investments as the long-term capital gain (LTCG) surcharge is now capped at 15%. Ola rebrands quick grocery delivery business as Ola Dash: Just like Gofers rebranded themselves as Blinkit to focus on instant grocery delivery, Ola's latest grocery delivery business called Ola Store is now renamed as Ola Dash to focus on instant grocery as well. They already have a presence in nine cities with a network of 200 dark stores – which they are now planning to increase to 500 across 20 cities in the next six months. Curefoods acquires Maverix: Cloud kitchen startup Curefoods has acquired another cloud kitchen startup called Maverix Platforms - making Curefoods the second-largest cloud kitchen in the country with 125 kitchens across 12 cities. Dealshare raises $165 million to become a unicorn: Social commerce platform Dealshare has raised $165 million in a round led by Tiger Global and Alpha Wave Global at a $1.4 billion valuation – making them India's fifth unicorn of 2022. Moglix raises $250 million: Moglix, which is a B2B marketplace for industrial products, has raised $250 million in a round led by Alpha Wave Global – more than doubling their valuation from $1 billion to $2.6 billion in just eight months. Chargebee raises $250 million: SaaS-based subscription management platform Chargebee has raised $250 million in a round led by Tiger Global and Sequoia Capital – raising their valuation from $1.4 billion to $3.5 billion in nine months. Scaler Academy raises $55 million: Upskilling platform for college students and working professionals Scaler Academy has raised $55 million in a round led by Lightrock India at a $710 million valuation.

Namastey India
Ashneer Grover bole muje 4000 crore do | EP629

Namastey India

Play Episode Listen Later Feb 5, 2022 7:31


Aaj ke episode me baat karenge BharatPe ke Co-Founder aur Shark Tank India ke Judge Ashneer Grover ke Rs. 4000 Crore ke exit demand ke baare me aur janenge kya hai poora manjhra Kotak Bank aur Ashneer Grover ka

Business Standard Podcast
Will Indian IT industry sustain its growth momentum?

Business Standard Podcast

Play Episode Listen Later Jan 28, 2022 5:45


On January 16th, Union Commerce and Industry Minister Piyush Goyal said that India's IT industry can play a big role in raising services exports to $1 trillion a year. In a virtual meeting with a clutch of top leaders from the IT industry, the Union minister assured the government's full support to the sector. The assurance, which came just days before the Union budget, was a confidence-booster for the sector. And amid strong Q3 performances, the Indian IT sector got another shot in the arm this week. Six Indian IT companies found themselves in the top 25 list of most valuable global IT services brands. TCS' growth is attributed to the company's investments in its brand and its employees, customer equity, and strong financial performance. Tata Consultancy Services or TCS has become the world's second most valuable brand in the IT services sector, according to Brand Finance's recent Global 500 IT Services Ranking report. On the top of the list was Accenture. TCS grew its brand value by $1.84 billion (12.5%) to $16.78 billion in just over the last 12 months. Infosys came in at third rank with a brand valuation of $12.77 bn. And apart from the two giants, four more Indian companies feature in the top 25 IT services brands The average growth of Indian brands that have appeared in the Brand Finance IT Services ranking since 2020 is an impressive 51 per cent. The US brands have on average contracted by 7 per cent. Both TCS and Infosys reported a healthy quarter-on-quarter rise in their consolidated net profit in the quarter ending December 2021. While TCS saw its net profit increase 1.51% to Rs 9,769 crore, Infosys saw its net profit increase by 12% to Rs 5,809 crore.  And the top 5 Indian IT companies, namely TCS, Infosys, Wipro, HCL Technologies and Tech Mahindra are expected to report around $70 bn as combined revenue in the ongoing fiscal year.  The pandemic has dealt a big blow to India's unorganised sector. But it helped several organised sectors register a good growth. Over the last two years, Indian IT companies reaped rich dividends as the world underwent digital transformation at a frantic pace. India's $194-billion IT industry has been a big beneficiary from the pandemic. It spurred global companies to bolster investments in services, ranging from cloud-computing, digital payment infrastructure to cyber-security. In fact, industry body NASSCOM has recently pointed out that before the pandemic, Indian IT companies were reporting annual growth rates of around 6-7%, which have now increased to around 15-20%.  However, the industry's growth has brought with it an increased scale of attrition. Indian IT majors and newer tech start-ups flush with venture capital money are competing for the same talent pool. And as evidenced by payments startup BharatPe luring techies with the promise of BMW bikes and paid holidays to Dubai, the entry of these VC-backed startups is driving up the industry's compensation metrics, leading to higher attrition rates, which for most companies including TCS, hovers around 15-16% today. Even as Indian IT services players keep pace with their global peers, they need to be ready to adapt to a volatile market, where change is the only constant. Another question that remains open is what will happen to the industry's momentum if and when the rapid pace of digital adoption driven by COVID-19 settles down.     Watch video

Backstage with Millionaires
EVage to Put Electric Trucks on Road | nCore Games NFTs | India's First Metaverse Wedding Reception

Backstage with Millionaires

Play Episode Listen Later Jan 22, 2022 10:00


This week in Indian startup news, EVage raises $28 million to build electric trucks, nCore Games raises $10 million to enter metaverse gaming, India gets its first metaverse wedding reception, Boat to file for IPO next week, BharatPe's Ashneer Grover controversy, Reliance acquires Addverb Technologies, INDMoney raises $75 million and Arya.ag raises $60 million. EVage raises $28 million to build electric trucks: Electric commercial vehicle startup EVage has raised $28 million in a round led by RedBlue Capital to help them build their flagship electric truck Model.X. nCore Games raises $10 million to enter metaverse gaming: nCore Games, the developer of FAU-G, has raised $10 million in a round led by Animoca Brands and Galaxy Interactive to help them enter metaverse space with the launch of new Web3 and play to earn games. They are expected to launch their own NFTs and tokens in the next few months. India gets its first metaverse wedding reception: With the pandemic forcing people to get married over Zoom, an Indian couple in Tamil Nadu will now be hosting their wedding reception on the metaverse – being the first ones to do so in India. It will be a Hogwarts-themed event that is going to be hosted by a Chennai-based startup called TardiVerse. Boat to file for IPO next week: D2C wearable brand Boat is expected to file for an IPO next week as they plan to raise Rs 2,000 crore. This will make them the first D2C startup to go public and a profitable one at that. BharatPe's Ashneer Grover controversy: BharatPe's co-founder Ashneer Grover is going on voluntary leave. The whole thing started with a leaked audio clip in which Ashneer Grover was allegedly heard abusing and threatening a Kotak Mahindra Bank employee for not getting allocation for the Nykaa IPO. While Ashneer has called the audio clip fake in a deleted tweet, he and his wife had filed a lawsuit against Kotak Mahindra Bank. Reliance acquires Addverb Technologies: Reliance has acquired a 54% stake in a robotics startup Addverb Technologies to help them scale and automate their warehouses as they plan to strengthen their e-commerce play with JioMart across categories like grocery, fashion and lifestyle, pharma, and furniture. INDMoney raises $75 million: Wealth management platform INDMoney has raised $75 million in a round led by Tiger Global, Steadview Capital and Dragoneer at a $640 million valuation – as they plan to offer credit cards to their users and grow their user base to 25 to 30 million in the next 12-18 months. Arya.ag raises $60 million: Agritech startup Arya.ag has raised $60 million in a round led by Asia Impact SA at a $300 million valuation to offer insurance and logistics to farmers across the country.

ThePrint
ThePrintAM: Why is Kotak Mahindra Bank taking legal action against BharatPe founder?

ThePrint

Play Episode Listen Later Jan 11, 2022 4:27


Namastey India
BharatPe Founder aur Gaali Galouch ?? | EP603

Namastey India

Play Episode Listen Later Jan 10, 2022 12:40


Aaj k episode me baat karenge BharatPe Founder Ashneer Grover aur Kotak Mahindra bank k ek adhikari k beech huye alleged abusive voice call k baare main.Kitni sacchai hai isme, jante hai aaj k episode par.Sunte rahiye Namastey India!

Business Standard Podcast
What explains India's unicorn boom in 2021?

Business Standard Podcast

Play Episode Listen Later Dec 22, 2021 5:44


About a week ago, an Indian startup founder quipped on Twitter that the definition of a ‘Unicorn' as used in the venture capital industry should now change to $1 billion of funding raised. The term currently refers to a startup that reaches a valuation of $1 billion. He was commenting on the flurry of unicorns that have been created globally. The term was originally coined by US venture capitalist Aileen Lee in 2013 when there were just 39 startups globally that fit the definition, which has not changed since then.  Achieving the milestone was once considered elusive. But India's example shows the term unicorn no longer holds the same weight as before. In a blockbuster year for startup funding, India saw creation of 42 unicorns, a three times jump from 11 new unicorns in 2020 and nine in the previous year. Starting with Digit Insurance on January 15 to Pristyn Care on December 8, the unicorns came from a range of sectors. The 42 companies are collectively valued at more than $90 billion. The year also saw the fastest and the slowest unicorns. Mensa Brands, which acquires Direct-to-Consumer fashion, home and personal care labels, became a unicorn in just six months. While in March, Chennai-based NBFC Five Star Business Finance achieved the status after 37 years in existence. Fintech was arguably the biggest contributor to the unicorn universe this year. CRED, Groww, Zeta, BharatPe, Mobikwik, Upstox, Slice were the seven fintech additions. While edtech industry leader Byju's became a decacorn this year with $18 billion valuation, three of its rivals joined the unicorn club this year -- Eruditus, upGrad and Vedantu. Indian edtech startups have gained greater investor confidence after China mandated all online education companies to register as non-profits.   Despite regulatory uncertainty, India also saw two crypto unicorns in CoinDCX and CoinSwitch Kuber. The B2B commerce space too saw a fundraising frenzy with Infra. Market, Moglix, ofBusiness and Zetwerk turning unicorns. The funding activity this year was led by Sequoia Capital, Tiger Global, SoftBank Group and Accel. As it rained unicorns, it has also been the year of startup IPOs. The listing of Zomato, Nykaa, PolicyBazaar and Paytm were a big boost to the startup ecosystem as it showed that India can give an exit path to investors. China's crackdown on tech companies has helped India bolster its attractiveness as an emerging market alternative. Early-stage venture capital fund 3one4 Capital predicts that India will be home to more than 150 unicorns by 2025. The unprecedented funding boom is expected to spill over to the next year as well, helped by India's rapid adoption of technology and innovative offerings from startups. With another nine days left in the year, it is likely that we may see a few more surprise announcements. Watch video

The Startup Operator
Roundup #49: Blockbuster IPOs: Nykaa, PayTM, Zomato: Startup to investor, Acquisitions & more!

The Startup Operator

Play Episode Listen Later Nov 14, 2021 36:48


Welcome to #49 episode of The Startup Operator Roundup. Today we have Roshan Cariappa and Gunjan Saha discussing - 1. Nykaa and PayTM's mega IPOs 2. Zomato goes from startup to startup investor with its own fund 3. Acquisitions in the ecosystem 4. Good Glamm turns unicorn 5. Bharatpe launches MSP program so merchants can own company stake and more! Click here to get regular updates on WhatsApp: https://wa.me/message/ZUZQQGKCZTADL1 Hit the like button if enjoyed this roundup, and do not forget to share among your operator friends! Listen to our interviews and conversations with investors, operators, and founders on your favourite podcast platforms. #startups #unicorns #technology #roundup #podcast #news --- Send in a voice message: https://anchor.fm/startup-operator/message

Backstage with Millionaires
The Real Reason Why Zomato Went Public

Backstage with Millionaires

Play Episode Listen Later Oct 30, 2021 14:50


This week in Indian startup news, Deepinder Goyal reveals the real reason why Zomato went public, Policybazaar's IPO date set for November 1, Paytm to launch India's biggest ever IPO on November 8, After Zostel, FHRAI wants SEBI to suspend OYO's IPO, The ‘Pe' Wars Continue: PhonePe vs BharatPe, and Chalo acquire Shuttl. In funding news, Acko raises $255 million to become a unicorn, Groww raises $251 million, DeHaat raises $115 million, Porter raises $100 million, Teachmint raises $78 million and Clear raises $75 million. Deepinder Goyal reveals the real reason why Zomato went public: In a recent interview, Deepinder Goyal revealed that the decision to go public was their only way to survive during the pandemic as their revenues were down 90% and they only had six months of cash left in the bank. They desperately needed to raise $50 million but could raise funds from their Chinese investors due to FDI rule changes and no one was willing to invest. Policybazaar's IPO date set for November 1: Policybazaar is set to open its IPO on November 1 as they plan to raise a total of $763 million from the market pricing their share at ₹940-₹980. Paytm to launch India's biggest ever IPO on November 8: India's most valuable fintech startup Paytm is set to launch India's biggest ever IPO on November 8. They will be raising a total of $2.4 billion at a valuation of up to $20 billion. The expected price band per share is ₹2,080 to ₹2,150. After Zostel, FHRAI wants SEBI to suspend OYO's IPO: The Federation of Hotel & Restaurant Association of India (FHRAI) has also filed a complaint with SEBI to stop OYO from going public. According to their complaint, OYO shouldn't be allowed to go public since there is an anti-competitive case against OYO which is being investigated by the CCI and they have failed to put out all the facts regarding the ongoing investigation. The ‘Pe' Wars Continue - PhonePe vs BharatPe: PhonePe and BharatPe have been involved in a legal battle over who owns ‘Pe'. After BharatPe launched their ‘buy now, pay later' platform ‘Postpe', PhonePe went ahead and filed another injunction against BharatPe and now they are in the process of filing a lawsuit. Chalo acquires Shuttl: Chalo, a platform that helps bus operators offer digital bus tickets and accept digital payments, has acquired a bus aggregator for office-goers Shuttl – in an all-cash deal. This acquisition will give Chalo access to thousands of their busses and help them expand their presence in the country and also expand globally. Acko raises $255 million to become a unicorn: Online insurance startup Acko has raised $255 million in a fresh round at a $1.1 billion valuation – making them India's 33rd unicorn this year. They will be using this investment to build more health insurance products for their 70 million customers. Groww raises $251 million: Online investment platform Groww has raised $251 million in a round led by Iconiq Growth – raising their valuation from $1 billion to $3 billion in just six months. DeHaat raises $115 million: Full-stack agritech startup DeHaat has raised $115 million from Sofina and Lightrock India to add more value-added services to their portfolio and replicate their success across major agricultural clusters in the next 12-15 months. Porter raises $100 million: Intra-city logistics provider Porter has raised $100 million from Global Management and Vitruvian Partners to expand their presence from 13 to 35 cities by 2023. Teachmint raises $78 million: Edtech startup Teachmint that helps teachers digitise their classrooms has raised $78 million in a round led by Rocketship.vc and Vulcan Capital. Clear raises $75 million: Clear (previously known as ClearTax), an online platform that helps individuals and small businesses in filing their income tax returns, has raised $75 million led by Kora Capital to expand their international business.

Mint Business News
Tata Sons to invest $2 billion in super app Tata Neu

Mint Business News

Play Episode Listen Later Oct 25, 2021 4:31


In this episode, find out about why PhonePe is set to file a fresh suit against BharatPe, also find out why ICICI bank reported a strong Q2 earnings Business Term of the Day: Rating

Business Standard Podcast
What's behind record staff exits at Indian IT giants?

Business Standard Podcast

Play Episode Listen Later Oct 19, 2021 5:42


If you are an IT worker in India, there is a chance you would have contemplated switching jobs in the past year or may have already done so. India's biggest IT companies are grappling with a talent crunch which they expect to persist for some time.  The country's top four IT exporters – Tata Consultancy Services, Infosys, Wipro and HCL Technologies – reported a steep rise in voluntary attrition in the July-September quarter. This threatens to weaken demand, which has been quite robust in the wake of the coronavirus pandemic outbreak, with global businesses accelerating their digital transformation. The trailing twelve-month (TTM) attrition rate at TCS, although the lowest among the top four at 11.99%, is a jump from 8.6% in the previous quarter. Infosys, Wipro and HCL Tech saw their numbers touching new highs of 20.1%, 20.5% and 15.7%, respectively.  Nasdaq-listed Cognizant, which has a majority of its 300,000 employees based in India, witnessed an attrition rate of 31%. It is hiring 100,000 laterals who are skilled workers in cloud, digital engineering, data and AI, and IoT. It is on track to onboard 30,000 freshers in 2021. Giving an indication of how bad the situation was, Infosys COO Pravin Rao said that he had not seen such a scale of war for talent in his over three decades of experience in the IT industry. Speaking to Business Standard, Wipro CEO Thierry Delaporte said the attrition rate was higher than what the company would like it to be.  Several reasons can be cited for a shift in employees' mindset. This phenomenon is not limited to just the large service providers but is also seen at their clients.  Companies are seeing most of the resignations at the junior level. For some of this, the industry has itself to blame. Entry-level salaries have been stagnant for more than a decade. And a majority of the attrition is taking place among employees with three to six years of experience. At this experience level, their salaries increase considerably when they switch jobs.    Former Infosys CEO T V Mohandas Pai also said that it made sense for freshers to switch companies after a few years since their salary hikes at the existing company were linked to their pay at the time they joined. Despite the current situation, Infosys says it does not see the entry-level salaries dramatically changing in any way, since it invests a lot in training freshers so they become productive. A significant part of IT companies' growth is coming from areas like cloud computing, big data, artificial intelligence, machine learning and cybersecurity. There is a severe supply deficit in these areas which allows highly-skilled workforce to constantly shop for better opportunities. According to IT industry body NASSCOM, India's demand for digital talent jobs is eight times larger than the size of its fresh talent pool. By 2024, this demand is expected to become 20 times the available fresh talent pool. Established software firms are also losing employees to the new-age startups which are in their hyperscaling phase. Flush with funds, startups are drawing software engineers by offering above-market salaries, flexible work arrangements and generous employee stock options (ESOPs). Though it may be an extreme example and an aberration, payments startup BharatPe is even offering superbikes and gadget packages to new recruits in its tech team.  What is also helping employees seek newer roles is the normalisation of the work-from-home (WFH) model after the pandemic. Technology professionals are able to easily explore other career prospects as the recruitment exercise has gone completely virtual.   What are companies doing to tackle their high attrition levels? They are rushing to campuses to hire more freshers. Many have already raised their hiring targets. Infosys is hiring 45,000 fresher graduates this financial year, up from its previous target of 35,000. TCS is onboarding 78,000 freshers, a big jump

Business Standard Podcast
Decoded: Should you try peer-to-peer lending to maximise your returns?

Business Standard Podcast

Play Episode Listen Later Oct 1, 2021 3:27


The higher the risk, the higher the return. Most modern investment instruments abide by this principle. As the world moves away from traditional financial institutions to look for alternatives offering better returns, several options are cropping up.  We know about cryptocurrencies, their stellar returns offset with periodic cycles of high volatility. Another such modern investment instrument is peer-to-peer, or P2P, lending. Imagine lending the money you'd typically park in fixed deposits or mutual funds to those looking for loans, and getting annual returns of 9-12% on the amount you lend.  That's what the new-age Indian fintech startups liek Cred and BharatPe are aiming to do with their recently launched P2P lending products.  Cred has launched a P2P platform called Cred Mint in partnership with RBI-registered P2P non-banking financial company LiquiLoans. BharatPe will carry out P2P lending via an app called 12% Club. Such investment options obviously seem attractive at a time when interest rates on bank deposits are falling, and are currently around 5-6% in India.  For instance, State Bank of India (SBI) barely pays 5.4% interest on its longest-term deposit. For senior citizens it is 6.2%. Here's how Cred and BharatPe make P2P work for their customers.  Money lent on Cred Mint will be spread out among 200-plus borrowers on average. “If you use the auto-invest feature, a sum of Rs 1 lakh lent on our platform will be divided among 400-500 borrowers using our algorithm,” says Bhavin Patel, CEO and co-founder, LenDenClub. But a word of caution here: It's important to know that P2P lending is a high-risk investment. It is an unsecured loan. So, there is no guarantee put up by the borrower for the lender to redeem in case of a default. The borrowers are those with low credit scores who find it difficult to get loans elsewhere. The unsecured nature of the loan is the reason for high interest rates Cred mitigates the possibility of a default by lending only to customers who have been using its Cred Cash product. The company says these are borrowers with high credit scores of above 750 and low default rates. Cred founder Kunal Shah said that Cred Cash had a loan book of Rs 2,415 crore with a default rate of less than 1%. So, the company allows lenders to withdraw their amount, either in full or partially, anytime. They get the money along with the interest for the period invested within one working day. BharatPe also promises lenders anytime liquidity with zero withdrawal charges. Most P2P lending startups also allow lenders to hand-pick their borrowers, after scrutinising their credit scores. P2P lending isn't new in India. In 2017, the RBI brought P2P Lending within its purview, ensuring that only the serious ones with watertight business models remained in business.  This was also the time when the P2P lending industry was unravelling in China, with high default rates and online lending platforms being investigated by the government there for malpractices.  Besides Cred and BharatPe, some other players in the Indian P2P lending industry are RupeeCircle, LenDenClub, Finzy, and IndiaMoneyMart. As for some investment advice for a P2P lender, it is important to start small and scale up gradually.  LenDenClub CEO Bhavin Patel advises first lending a sum of around Rs 25,000, then scaling it up to Rs 1 lakh to an adequate level of diversification among borrowers.  About the time period for investment, Patel suggests investing for 12-24 months, as that is the minimum period his platform's optimisation algorithm takes to produce decent results.

Backstage with Millionaires
Ola's Electric Car & IPO Plans | CRED & BharatPe Foray Into P2P Lending | New Unicorn

Backstage with Millionaires

Play Episode Listen Later Aug 28, 2021 13:25


This week in Indian Startup News, CRED and BharatPe foray into P2P lending, Ola and Ola Electric IPO Plan 2022, Police gets three weeks to probe Ashok Saxena's Paytm claims, NSE prohibits stock trading platforms from selling digital gold, CarTrade IPO – stock lists at a discount and Delhivery acquires Spoton Logistics. In funding news, Zetwerk raises $150 million to become a unicorn, Khatabook raises $100 million and Curefoods raises $13 million. CRED and BharatPe foray into P2P lending: CRED has launched their P2P lending service called CRED Mint that will allow their users to lend to other users at an interest rate of up to 9% per annum in partnership with LiquiLoans. On the other hand, BharatPe has launched their P2P lending product 12% Club – which is aimed at allowing individual users to lend directly to their merchant partners at an interest rate of up to 12% per annum. Ola's electric car and IPO plans: Indian cab aggregator Ola has announced that they will IPO in 2022 and Bhavish Aggarwal also announced his plans to launch Ola's electric car in 2023. CarTrade IPO – stock lists at a discount: After a successful IPO, CarTrade's stock was listed on both NSE and BSE at a 1% discount and has continued to fall since. NSE prohibits stock trading platforms from selling digital gold: NSE has directed stockbroking platforms from buying and selling digital gold as it violates SEBI's rules. This decision will affect stockbroking platforms like Upstox, Paytm Money and Groww - they have until 10th September to comply with NSE's notice. Police gets three weeks to probe Ashok Saxena's Paytm claims: When the police failed to file Ashok Kumar Saxena's complaint against Paytm, he went to Delhi's district court and the court has now given the Police three weeks to probe his claims and file a report. Delhivery acquires Spoton Logistics: Logistics unicorn Delhivery has acquired Spoton Logistics to help them strengthen their logistics delivery network and get in new customers ahead of Delhivery's IPO which is expected next year. Zetwerk raises $150 million to become a unicorn: B2B manufacturing marketplace Zetwerk has raised $150 million led by D1 Capital Partners at a $1.33 billion valuation – making them India's latest unicorn. Khatabook raises $100 million: Digital bookkeeping platform Khatabook has raised $100 million at a $600 million valuation from Tribe Capital and Moore Strategic Ventures to help small businesses to digitize their business operations. Curefoods raises $13 million: Cloud kitchen startup Curefoods has raised $13 million led by Iron Pillar to expand the presence of their cloud kitchens to more cities across the country.

Backstage with Millionaires
Karan Bajaj Quits WhiteHat Jr | Startup IPOs: CarTrade, Policybazaar & Nykaa | Three New Unicorns

Backstage with Millionaires

Play Episode Listen Later Aug 7, 2021 23:24


This week in Indian Startup News, Karan Bajaj quits WhiteHat Jr, e-RUPI explained, Food delivery partners protest against exploitation from Zomato and Swiggy on Twitter, Zomato's grocery delivery and Zomato Pro Plus, CarTrade IPO date, Policybazaar files for IPO, Nykaa files for IPO and UpGrad acquires KnowledgeHut. In funding news, Unacademy raises $440 million, BharatPe raises $370 million to become a unicorn, OfBusiness raises $160 million to become a unicorn, Infra.Market raises $125 million and MindTickle raises $100 million to become a unicorn. Karan Bajaj quits WhiteHat Jr: After selling WhiteHat Jr to Byju's in a massive $300 million all-cash deal last year, Karan Bajaj has decided to quit the startup as he plans on taking a sabbatical before starting some public service work. e-RUPI explained: e-RUPI is a digital prepaid voucher that can be used by the beneficiary to avail a specific service without the need of an app, internet connection or even a bank account. This is going to be primarily be used by the government to ensure that the money allocated to a beneficiary not only reaches them but is also used for the purpose it was intended. Food delivery partners protest against exploitation from Zomato and Swiggy on Twitter: According to the latest report by ET, food delivery partners have taken to Twitter to raise their voices against the exploitation by Swiggy and Zomato. Their complaints include lack of compensation for rising petrol prices, absence of first-mile pay, lack of long-distance return bonus and daily earnings cap. Zomato's grocery delivery and Zomato Pro Plus: After stopping grocery delivery services, Zomato has restarted grocery delivery on their platform after their investment in Grofers and they have also introduced Zomato Pro Plus - offering services like free delivery to their customers. CarTrade IPO date: Online marketplace for used cars CarTrade's IPO is all set to go live on 9th August. This profitable startup is planning to raise $400 million during the IPO. Policybazaar files for IPO: PB Fintech, the parent company of Policybazaar and Paisabazaar, has filed their DRHP and are planning to raise $800 million through the IPO. Nykaa files for IPO: Nykaa has filed for an IPO and they are planning to be the first profitable unicorn to go public. They are looking to raise $540 million at an expected valuation of $5-$5.5 billion. UpGrad acquires KnowledgeHut: Professional upskilling platform UpGrad has acquired another professional certification course provider KnowledgeHut to strengthen their upskilling and reskilling portfolio. Unacademy raises $440 million: Edtech unicorn Unacademy has raised $440 million in a round led by Temasek Holdings. BharatPe raises $370 million to become a unicorn: Digital payments and lending startup BharatPe has raised $370 million in a round led by Tiger Global – turning them into a unicorn. OfBusiness raises $160 million to become a unicorn: B2B e-commerce and financing platform OfBusiness has raised $160 million in a round led by SoftBank – turning them into a unicorn. Infra.Market raises $125 million: B2B marketplace for construction materials Infra.Market has raised $125 million as its valuation climbs to $2.5 billion. MindTickle raises $100 million to become a unicorn: SaaS startup MindTickle has raised $100 million to be the third Indian startup to turn unicorn this week.

5 Dakikada Teknoloji Gündemi
154- Ango AI, 500 Istanbul ve QNBEYOND Ventures'tan 720 bin dolar yatırım aldı, Apple, online mağazasının tasarımını yeniledi, WhatsApp'tan kaybolan fotoğraflar -05/08/2021- 5DTG-

5 Dakikada Teknoloji Gündemi

Play Episode Listen Later Aug 4, 2021 6:46


Mail bültenimize abone olmak için tıklayın. 5 Dakikada Teknoloji Gündemi Tarih: 5 Ağustos 2021 Ango AI, 500 Istanbul ve QNBEYOND Ventures'tan 720 bin dolar yatırım aldı. WhatsApp, paylaşılan fotoğraflara ve videolara tek görüntülemeden sonra kaybolma özelliğini getirdi. Apple, online mağazasının tasarımını yeniledi. Galaxy Buds 2, lansman öncesi tüm özellikleriyle sızdırıldı. 350 milyon dolar yatırım alan fintech girişim BharatPe, bu yıl Hindistan'daki 19. unicorn oldu. Google Maps iOS güncellemesinin özelliklerini paylaştı.

Backstage with Millionaires
New Ecommerce Rules – Flash Sales Banned? | BharatPe to Acquire PMC Bank | Home Delivery of Cars

Backstage with Millionaires

Play Episode Listen Later Jun 26, 2021 13:47


This week in Indian Startup News, BharatPe and Centrum get RBI's nod to acquire PMC Bank, Impact on new ecommerce rules on Amazon and Flipkart, Cars24 starts home delivery of cars and expands globally, Grofers' co-founder Saurabh Kumar exits, Uncademy's Graphy announces Rs 100 crore fund for creators and KKR acquires Fogg Deodrant maker Vini Cosmetics. In funding news, Byju's raises $50 million, RenewBuy raises $45 million, GoMechanic raises $42 million, Kutumb raises $26 million and Progcap raises $25 million. Impact on new ecommerce rules on Amazon and Flipkart: Indian government has proposed changes to the Consumer Protection (E-Commerce) Rules 2020 as they plan to further curb cheating and unfair trade practices. E-commerce giants like Amazon and Flipkart are particularly confused about the clause which says that Flash sales on e-commerce platforms are banned. BharatPe and Centrum get RBI's nod to acquire PMC Bank: RBI has approved the take over of PMC Bank by BharatPe and Centrum – also giving them an in-principal approval to set up a small finance bank before the merger. This could bring relief to PMC Bank customers who have been unable to access their money since 2019. Cars24 starts home delivery of cars and expands globally: Cars24 will soon start delivering used cars to their customers' homes with 7 days no questions asked return policy – taking their ecommerce experience to a new level. They have also set aside $100 million for their international expansion. Grofers' co-founder Saurabh Kumar exits: Grofers' co-founder Saurabh Kumar is hanging his boots after building the online grocery platform for over 8 years as he looks at new opportunities. Unacademy's Graphy announces Rs 100 crore fund for creators: Graphy has launched a Rs 100 crore fund (Graphy Creator Grant) to help content creators to launch their own courses, build an audience and start earning money for the course of the next two years. KKR acquires Fogg Deodrants maker Vini Cosmetics: Private equity firm KKR is acquiring a majority stake in Fogg Deodrants maker Vini Cosmetics for $625 million to help them their ecommerce sales channel and build new products for the emerging markets. Byju's raises $50 million: Byju's has raised $50 million in a round led by IIFL – taking their total funding for this year to over $850 million as they explore more acquisition opportunities and eye global expansion. RenewBuy raises $45 million: D2C insurtech startup RenewBuy has raised $45 million in a round led by Apis Partners to bring insurance to remote parts of the country. GoMechanic raises $42 million: Car servicing startup GoMechanic has raised $42 million from Tiger Global Management to expand their operation from 35 to 100 cities as they aim to service 10 million cars by the end of 2021. Kutumb raises $26 million: A community-building platform for Bharat users Kutumb has raised $26 million led by Tiger Global Management. Progcap raises $25 million: Retail financing startup Progcap has raised $25 million from Tiger Global Management.

The Morning Brief
PMC's Lifelines

The Morning Brief

Play Episode Listen Later Jun 24, 2021 26:37


PMC finally has a buyer. RBI has given Centrum and BharatPe the initial approval to rescue the scam-hit co-operative bank. What does this mean for anxious PMC depositors, the new buyers, and the sector? ET's Sugata Ghosh and Ashwin Manikandan discuss. Credits: TV18, Times Now, ET Now, BloombergQuint.

Forbes India Daily Tech Brief Podcast
Sharechat's ESOP buyback; BharatPe said to be raising $250 M; Wipro offers pay hikes; and Kushal Nahata on FarEye's plans ahead

Forbes India Daily Tech Brief Podcast

Play Episode Listen Later Jun 21, 2021 24:06


Mohalla Tech, which operates one of India's largest local language content-based social media and short video apps, Sharechat and Moj, respectively, is rewarding employees with a share buyback worth $19.1 million. Also in the programme, BharatPe is said to be raising $250 million at over $2.5 billion valuation; Google is working on a ‘find my device network'; and Kushal Nahata, co-founder and CEO of FarEye talks about the plans ahead for his logistics intelligence company that recently raised $100 million in fresh funding.

The Daily Crunch – Spoken Edition
Tiger Global in talks to back BharatPe at $2.5 billion valuation

The Daily Crunch – Spoken Edition

Play Episode Listen Later Jun 18, 2021 2:56


Indian fintech startup BharatPe is in advanced stages of talks to raise about $250 million in a new financing round led by Tiger Global, two sources familiar with the matter told TechCrunch.

The Daily Crunch – Spoken Edition
Tiger Global in talks to back BharatPe at $2.5 billion valuation

The Daily Crunch – Spoken Edition

Play Episode Listen Later Jun 18, 2021 2:56


Indian fintech startup BharatPe is in advanced stages of talks to raise about $250 million in a new financing round led by Tiger Global, two sources familiar with the matter told TechCrunch.

Backstage with Millionaires
World's Largest Eyewear Factory | ‘Pe' Wars: PhonePe vs BharatPe | Twitter Ban Gets Koo to Nigeria

Backstage with Millionaires

Play Episode Listen Later Jun 12, 2021 13:16


This week in Indian Startup News, Lenskart to establish the world's largest automated eyewear manufacturing facility, PhonePe vs BharatPe – a fight for ‘Pe', Zomato's fleet to become 100% electric by 2030, Koo goes to Nigeria after Twitter gets banned, Paytm IPO confirmed, Tata Digital acquires 1mg, BoAt in talks to acquire Tagg Digital, Masai School acquires Design Shift Academy and BharatPe acquires Payback India. In funding news, Flipkart is in talks to raise $3 billion, Swiggy to raise up to $500 million from Softbank, CarDekho in talks to raise $150 million, Whatfix raises $90 million, Zenoti raises $80 million and Refyne raises $16 million. Lenskart to establish the world's largest automated eyewear manufacturing facility: Lenskart has announced that it is building India's first and the world's largest automated eyewear manufacturing facility that will be able to serve 100 million eye sights every year. PhonePe vs BharatPe – a fight for ‘Pe': Back in 2019, PhonePe had filed a lawsuit against BharatPe for infringing on their copyright ‘Pe' and using their goodwill to gain customers. They had also filed for an injunction plea to stop BharatPe from using their trademarked ‘Pe'. While their injunction plea was quashed by the Delhi High Court, PhonePe is now preparing to go to trial. Zomato's fleet to become 100% electric by 2030: IPO-bound food delivery startup Zomato has announced that it has joined a climate initiative called EV100. They are now committed to transition their entire fleet to electric by 2030. Koo goes to Nigeria after Twitter gets banned: After Twitter was banned in Nigeria for deleting their president's tweet, Koo decided to launch in the country. The Indian microblogging platform is now working to add local languages to open the platform to local language users in Nigeria. Paytm IPO confirmed: India's most valuable startup Paytm is all set for its IPO after it was approved by the board. Paytm will be raising $3 billion in the IPO – making it the country's biggest IPO ever. Tata Digital acquires 1mg: Tata Digital has confirmed the acquisition of online pharmacy startup 1mg – as they look to strengthen their digital ecosystem. BoAt in talks to acquire Tagg Digital: Consumer electronics startup BoAt is reportedly in talks to acquire Tagg Digital to strengthen their position in the wearables segment. Masai School acquires Design Shift Academy: Edtech startup Masai School, which offers online courses on web and android development, has acquired Design Shift Academy – which offers courses on UI/UX design. BharatPe acquires Payback India: Digital payments and lending startup BharatPe has acquired Payback India (which offers a multi-brand loyalty program for its merchant partners) Flipkart in talks to raise $3 billion: Walmart-owned ecommerce giant Flipkart is in talks with a host of invests including SodftBank to raise $3 billion at a massive $40 billion valuation. Swiggy to raise up to $500 million from Softbank: SoftBank is seeking the CCI approval to invest up to $500 million in online food delivery unicorn Swiggy – to help build their war chest ahead of Zomato's IPO. CarDekho in talks to raise $150 million: CarDekho, an online marketplace for used cars, is in talks to raise up to $150 million at a billion-dollar valuation. Whatfix raises $90 million: Whatfix has raised $90 million from SoftBank Vision Fund 2 at a $600 million valuation to make it easier for companies to onboard new users and employees. Zenoti raises $80 million: Zenoti, a SaaS platform for managing spas and salons, has raised $80 million from TPG. Tata Digital to invest up to $75 million in CureFit: Tata Digital has signed an agreement to invest up to $75 million in health and fitness startup CureFit. India's first earned salary access platform Refyne has raised $16 million from DST Global and RTP Global.

Founder Thesis
The Merchant Payments Pioneer | Ashneer Grover @ BharatPe

Founder Thesis

Play Episode Listen Later May 20, 2021 73:49


In November 2016, demonetisation was announced by the Indian government and the market witnessed an immediate surge in digital payments. And this was further propelled by the United Payments Interface (UPI). While fintech giants like Paytm and PhonePe were the flagbearers of this movement, BharatPe has been looking to change the way SMEs view payments in India. In a candid conversation with Akshay Datt, Ashneer Grover, Co-founder and CEO, BharatPe, takes us through his amazing journey. Ashneer is an alumnus of prestigious IIT Delhi and IIM Ahmedabad. Post that, he has worked for eminent companies like Kotak Investment Banking and American Express. He moved on to serve as the CFO of Grofers and this is when the desire to set up his venture started to set in. With an elaborate experience in the finance domain, he started BharatPe in 2018 along with Shashvat Nakrani with the vision to make financial inclusion a reality for Indian merchants, which at present has reached more than 4 million merchants with its interoperable UPI QR code and processes around 60 million transactions a month. Tune in to this episode to hear Ashneer talk about how this soon-to-be unicorn is on its way to building a robust and easy to use fintech platform that empowers the SMEs in India. Key takeaways: Feet on street business model vs digital acquisition. Importance of branding for a fintech venture. Take on regulatory guidelines by RBI.

Startups ki Saanp Seedhi - Introduction Pitch
StartUps Ki Saanp Seedhi - FinTech Ecosystem of India - BharatPe & Interoperable QR Codes _ Sid Park _ E1

Startups ki Saanp Seedhi - Introduction Pitch

Play Episode Listen Later Apr 27, 2021 32:23


Insightful .Action-packed. Fun. From Monks to Monkeys & from Skunk to Skunkworks, all will enjoy this Snakess & Laddders

Founders Unfiltered
AJVC Unfiltered 20: Will BharatPe Become Bharat's Lending Tap?

Founders Unfiltered

Play Episode Listen Later Mar 7, 2021 11:42


The AJVC team gets together to discuss BharatPe and how they raised $100M to reach within a touching distance of becoming a unicorn, within an incredible 3 years of founding. Join us for a behind the scenes peek at the A Junior VC piece Will BharatPe Become Bharat's Lending Tap? More info on: ajuniorvc.com

The Startup Operator
Roundup #14 - Koo, India Quotient, BharatPe, 2021 IPOs & more

The Startup Operator

Play Episode Listen Later Feb 14, 2021 29:24


Welcome to another episode of The Startup Operator Roundup, where Roshan Cariappa and Gunjan Saha discuss -

The VCpreneur: Startups | Venture Capital | Entrepreneurship | Fundraising
EP#20 Utsav Somani – The AngelList India journey, advantage of having good angel investors on your cap table & starting a micro fund to bridge the gap between India & the Silicon Valley

The VCpreneur: Startups | Venture Capital | Entrepreneurship | Fundraising

Play Episode Listen Later Nov 22, 2020 31:13


In this episode, Utsav Somani, Partner @AngelList India & @iSeed, joins our host Digjay, to talk about his exciting journey & vision at AngelList India, the asymmetric upside from writing good cold emails, advantage of having angel investors on your cap table along with institutional VC funds, and starting his own micro fund iSeed, to bridge the gap between India & the Silicon Valley AngelList is platform that is democratizing angel investing and helping startups with fundraising, launching products and hiring talent. Besides leading AngelList India, Utsav is also an experienced angel investor with a portfolio of more than 30 companies which includes the likes of BharatPe, Innov8, LogiNext, Mall91 and many more. He has recently launched his new micro-VC fund called iSeed – which is India's first micro-fund backed by top global founders and investors. The fund will invest in about 30 early-stage Indian startups with an average check of $150k. You can connect with him here on Linkedin / Twitter ---- If you liked our episode, you can subscribe to our podcast on any of the major podcasting platforms like Spotify, Apple iTunes and Google Podcasts. Please leave us a review on Apple iTunes to help others discover this podcast. You can visit thevcpreneur.com and follow us on Twitter @thevcpreneur_ & Instagram @thevcpreneur for more episodes and interesting insights on the startup ecosystem. You can also follow our host Digjay on Linkedin & Twitter ---- Show notes – 1. (01:31) Utsav's background and path leading up to AngelList India; His life changing ‘cold email' to Naval Ravikant 2. (04:41) Writing a good cold email; Zero downside, Unlimited upside 3. (07:51) Why entrepreneurship & angel investing is glamourized? 4. (10:16) What should founders look for in an angel investor? Common missteps that founders should avoid during their first fundraise 5. (14:36) Learnings as an entrepreneur while scaling up AngelList in India; AngelList's mission & vision for startups in India 6. (19:54) About Utsav's latest micro seed fund – iSeed; Bridging the gap between Indian entrepreneurs & Silicon Valley 7. (24:05) Founder personalities & sectors that iSeed is looking to back 8. (27:26) Rapid fire and closing remarks Mentioned in this episode: Utsav's article about the different types of investors & what founders should be mindful of when raising capital Sumukh Sridhara's (Head of Product & Engineering, AngelList India) episode on The VCpreneur podcast

Sabse Bada Rupaiya
Sabse bada Rupaiya | What is the most Important thing we Forget while Planning, Saving or Planning a Retirement?

Sabse Bada Rupaiya

Play Episode Listen Later Oct 26, 2020 8:27


ABP LIVE का ये podcast has been brought to you by BharatPe. आज हम बात करेंगे financial discipline और retirement planning के बारे में। इस Covid-19 pandemic ने हमें ये समझा दिया है की life is very uncertain और कभी भी savings और investments को use में लाने की ज़रूरत पड़ सकती है। इसी बात को ध्यान में रखते हुए हमें अपनी earning को save और invest करना चाहिए। Savings करते हुए एक चीज़ जो सब भूल जाते हैं वो है post retirement planning, retirement के बाद हमारी life कैसी होगी वो हमारे earning years की savings पर depend करता है। तो जानने के लिए कि कैसे हो सकती है succesful retirement planning ans savings, सुनिए आज का हमारा episode of सबसे बड़ा रुपया with financial planner ऋतु सूद माथुर।

Sabse Bada Rupaiya
Sabse bada Rupaiya | What is the most Important thing we Forget while Planning, Saving or Planning a Retirement?

Sabse Bada Rupaiya

Play Episode Listen Later Oct 26, 2020 8:27


ABP LIVE का ये podcast has been brought to you by BharatPe. आज हम बात करेंगे financial discipline और retirement planning के बारे में। इस Covid-19 pandemic ने हमें ये समझा दिया है की life is very uncertain और कभी भी savings और investments को use में लाने की ज़रूरत पड़ सकती है। इसी बात को ध्यान में रखते हुए हमें अपनी earning को save और invest करना चाहिए। Savings करते हुए एक चीज़ जो सब भूल जाते हैं वो है post retirement planning, retirement के बाद हमारी life कैसी होगी वो हमारे earning years की savings पर depend करता है। तो जानने के लिए कि कैसे हो सकती है succesful retirement planning ans savings, सुनिए आज का हमारा episode of सबसे बड़ा रुपया with financial planner ऋतु सूद माथुर।