Indian online travel company
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In today's Tech3 from Moneycontrol, we unpack India's latest semiconductor push as the Cabinet clears HCL-Foxconn's Rs 3,706-crore chip plant in UP. Plus, India's first indigenous GPU prototype is almost here. Also in this episode—Karan Bajaj returns with a healthtech venture, Razorpay builds conversational payments in 72 hours, and MakeMyTrip sees a sharp rise in trip cancellations to Turkey and Azerbaijan amid boycott calls.
The most important tech story of the decade isn't in Silicon Valley—it's unfolding in Mumbai, Delhi, and Bangalore. In Part 2 of our in-depth conversation, Kevin Carter, founder of EMQQ Global, reveals why India's digital transformation, powered by the India Stack, is not only revolutionary—it's investable. We dive deep into the megatrends fueling India's internet economy, explore explosive business models like 10-minute delivery, and uncover why investors are missing one of the greatest untold tech stories of our time. As Kevin puts it: "There's no developed or emerging country with anything like this... and the world has no idea it exists."
Some companies almost don't make it, until they do.MakeMyTrip could've been one of them.In this episode, Shantanu Deshpande is joined by Deep Kalra (Founder and Chairman of MakeMyTrip Limited) and Sanjeev Aggarwal (Co-Founder, Fundamentum, Helion and Daksh), one of MMT's early investors. Kalra and Aggarwal uncover the real behind-the-scenes of building one of India's most iconic travel companies.This Investor-Founder bond isn't just about travel. It's about the courage to stick around when the road gets rough.Let us know in the comments: What's the toughest phase your startup has survived and how? And if you'd like to join our next conversation as a live audience member, sign up here: https://forms.gle/yF6Rzr9NRheKRoV98
Some companies almost don't make it, until they do.MakeMyTrip could've been one of them.In this episode, Shantanu Deshpande is joined by Deep Kalra (Founder and Chairman of MakeMyTrip Limited) and Sanjeev Aggarwal (Co-Founder, Fundamentum, Helion and Daksh), one of MMT's early investors. Kalra and Aggarwal uncover the real behind-the-scenes of building one of India's most iconic travel companies.This Investor-Founder bond isn't just about travel. It's about the courage to stick around when the road gets rough.Let us know in the comments: What's the toughest phase your startup has survived and how? And if you'd like to join our next conversation as a live audience member, sign up here: https://forms.gle/yF6Rzr9NRheKRoV98Navigate the episode 00:00 Coming up01:09 Introduction07:55 Relationship insights between founders and investors08:38 Foundation of Make My Trip13:28 How Sanjeev and Deep met15:36 Sanjeev's view on Makemytrip Founders16:44 Tough time Prior 200521:52 What are the commonalities among founders?27:34 Deep's perspective on Sanjeev's contribution in IPO board33:33 The entry of fragmented market39:38 The great vs an average board meeting47:56 Reasons for the decline VC and entrepreneurship56:43 Digitalisation impacts on business opportunities59:32 Roles of professional high-quality management01:04:56 Importance of governance training to run a company01:08:29 Role of quick commerce01:13:05 Key role of product genesis01:15:09 Closing thoughts
To get your dose of daily business news, tune into Mint Top of the Morning on Mint Podcasts available on all audio streaming platforms. https://open.spotify.com/show/7x8Nv1RlOKyMV5IftIJwP1?si=bf5ecbaedd8f4ddc This is Nelson John, and I'll bring you the top business and tech stories, let's get started. Market Holiday Alert Heads up, traders! Indian stock markets will be closed on April 14 (Ambedkar Jayanti) and April 18 (Good Friday). Plan your trades accordingly. US-China Trade War Reloaded The tariff tussle is back on. U.S. Commerce Secretary Howard Lutnick announced new sector-specific tariffs on smartphones, semiconductors, and pharma, likely within a month. “We can't rely on China for essentials,” he told ABC News, signaling a push to bring manufacturing home. This comes after Trump temporarily exempted some Chinese electronics from a 145% retaliatory tariff, a move that briefly helped companies like Apple, which had lost $640 billion in market value. With fresh tariffs looming, China is urging a rollback, but the tech and pharma trade war may just be heating up again. Summer Surge: Indians Flock Abroad India's scorching summer is sending travelers packing. Outbound travel is up 15–20% year-on-year, say visa providers. Top destinations: Europe, US, Canada, and Southeast Asia. “Plan early,” urges VFS Global, as visa demand jumps 11% since 2024. Peak season might stretch into October, and agencies are leaning on AI to speed up processing. From leisure to study and work, Indians are going global—and not looking back. Cleartrip's Costly Flight Plan Despite MS Dhoni's pilot pitch, Cleartrip's financials hit turbulence. In FY24, the travel portal spent ₹988 crore to earn just ₹97 crore, racking up losses over ₹800 crore—half of it on discounts. Flipkart's 2021 acquisition hasn't paid off, as rivals like MakeMyTrip and Ixigo fly ahead. With new growth head Manjari Singhal, Cleartrip is eyeing hotels, corporate travel, and cabs. But experts say: “Discounts won't fly forever.” Will Cleartrip course-correct or stay grounded? Green Card Setback for Indians The May 2025 US Visa Bulletin brings bad news—EB-5 visas for Indians retrogressed by six months to May 1, 2019, increasing wait times. Other categories remain stuck: EB-2: Jan 2013 EB-3: Slight move to April 2013 EB-4: Still unavailable Blame it on high demand, annual caps, and per-country limits. Experts advise exploring faster tracks like EB1 or NIW—but for many, the American dream is on pause. HDFC Bets Big on Small-Town Homes HDFC Capital is investing ₹1,500 crore in 18 residential projects with Eldeco Group across Tier-II and III cities. Targeting markets like Panipat, Ludhiana, Rishikesh, and Kasauli, the platform eyes ₹11,000 crore in revenue from 10 million sq ft of new housing. “We're bullish on towns near metros,” says CEO Vipul Roongta, citing rising infrastructure and housing demand. Backed by its $4.2 billion housing fund, HDFC is betting that India's real estate boom is heading beyond the metros.
EMQQ Global founder Kevin Carter talked with Proactive's Stephen Gunnion about the IMQQ India Internet UCITS ETF, a fund designed to capture the rapid digital transformation happening in India. Carter emphasised that India is experiencing a "digital golden age", driven by three key megatrends: rising consumer demand, widespread smartphone adoption, and expanding internet access. Carter explained that India has the world's largest and youngest population, coupled with one of the fastest-growing economies. As more Indians gain access to affordable smartphones and internet services, they are rapidly integrating into the digital economy. He highlighted that companies in India's internet sector—ranging from food delivery to online beauty retail—are experiencing explosive growth. He also pointed out the India Stack, a government-backed digital infrastructure initiative that has enabled financial inclusion for 800 million people through Aadhaar-based digital identification. This foundation, along with seamless digital payments, is accelerating India's transition into a highly connected economy. Discussing the ETF's methodology, Carter stated that the fund focuses on India's new-age technology companies that dominate e-commerce, financial services, and consumer technology. Some key holdings include Zomato (food delivery), Nykaa (beauty e-commerce), and Makemytrip (online travel services). Although the market has seen a correction recently, Carter remains bullish on India's long-term digital growth, comparing it to China's rise two decades ago. He believes long-term investors have a significant opportunity in India's expanding internet sector. Watch more insightful interviews on Proactive's YouTube channel. Don't forget to like, subscribe, and turn on notifications for the latest updates! #EMQQGlobal #IndiaETF #DigitalIndia #KevinCarter #EmergingMarkets #IndianEconomy #InternetGrowth #InvestmentOpportunities #Aadhaar #IndiaStack #StockMarket #SmartInvesting #TechStocks #FinancialInclusion
Heart Of The Matter - A Podcast On Legal Developments From Around The World
The episode covers key aspects of competition law in India, focusing on the Competition Commission of India's (CCI) approach to mergers and anti-competitive practices. The CCI scrutinizes deals where combined market shares exceed 30-40%, particularly among competitors, but has never blocked a transaction since the merger control regime began in 2011. Indian law generally treats companies and their subsidiaries as a single economic entity, except in bidding markets where group companies must avoid sharing sensitive information. The conversation highlights India's evolving competition law, drawing from mature jurisdictions while tailoring rules for the local market. Foreign investors are typically well-informed about Indian competition laws, aligning with approval processes and rules. The evolving legal landscape is seen as an exciting time for competition law practitioners in India.Our GuestVaibhav ChoukseVaibhav is a Partner in the Firm's Competition Law Practice with over 16 years of experience. He has been practicing competition law since its inception in India, specializing in complex litigation, and merger control, advising clients across diverse industries. His expertise spans complex competition matters before the Competition Commission of India (CCI) and appellate courts.In litigation, Vaibhav routinely advises multinational corporations and industry associations on cartel investigations and leniency, dawn raids, vertical agreements, abuse of dominance, and competition compliance. He has successfully defended global auto-component manufacturers, a multiplex operator, and a leading paper manufacturer in cartel cases. He currently advises major players in the seed, pharmaceutical, cement, and financial sectors in ongoing cartel and vertical restraint investigations. In abuse of dominance matters, he represents Hyundai and Ford in India's first auto-parts aftermarket abuse case and FabHotels in India's first MFN case against MakeMyTrip and OYO. He also represented Nuziveedu Seeds in its abuse of dominance case against Monsanto before the CCI and Delhi High Court. He is also involved in constitutional and procedural challenges to CCI investigations before various High Courts. Recently, he secured a stay on the CCI's investigation against sellers on a leading e-commerce platform from various High Courts.In merger control, he has secured approvals for complex transactions, including ONGC/ NTPC/ Ayana Renewable, Del Monte/ Agro Tech Foods, Coforge/Cigniti, BPEA EQT/Indira/ HDFC Credila, Temasek/Manipal Hospitals, KKR/Hero Future Energies, IBM/Kyndryl, TVS Group restructuring, Ford/Mahindra, Goldman Sachs/ReNew Power (SPAC), and Trafigura/Essar Oil.A prolific author and speaker, Vaibhav contributes to leading competition law journals and newspapers and frequently speaks at industry forums. He is recognized among India's top competition lawyers by Chambers & Partners, Who's Who Legal, Legal500, Forbes Powelist, AsiaLaw, and Global Competition Review. Vaibhav was recently recognized in Asian Legal Business (ALB) Asia 40 Under 40, 2024 as one of Asia's top 40 legal talents under 40, distinguished as the only competition lawyer on the list.He holds a master's degree in Competition Law from King's College London, where he had the privilege of studying under Prof. Richard Whish KC (Hon) in EU Competition Law. Our HostAjay ShamdasaniAjay Shamdasani is a veteran writer, editor and researcher based in Hong Kong. He holds an AB in history and government from Ripon College, JD and MIPCT degrees from the University of New Hampshire Franklin Pierce Law School, and an LLM in financial regulation from the Illinois Institute of Technology's Chicago-Kent College of Law.His 15-year long career as a financial and legal journalist began as deputy editor of A Plus magazine – the journal of the Hong Kong Institute of Certified Public Accountants. From there, he assumed the helm of Macau Business magazine as its editor-in-chief, and later, joined Asialaw magazine as its deputy editor.More recently, he spent close to seven years as a senior correspondent with Thomson Reuters' subscription-based trade-wire service Regulatory Intelligence/Compliance Complete (previously called Complinet) in Hong Kong. While there, he covered regulatory developments in that city, as well as Singapore, India and South Korea.
JetBlue is exploring new airline partnerships to strengthen its loyalty program after a federal judge blocked its Northeast Alliance with American Airlines in 2023. InterContinental Hotels Group admitted it will not meet its 2030 emissions reduction goal due to rising emissions and slow renewable energy adoption. Meanwhile, MakeMyTrip aims to become a travel superapp by integrating various travel services, though its CEO acknowledges the challenges of executing this vision. JetBlue Still in Talks With ‘Multiple Airlines' for Partnership, Sees Loyalty as Biggest Benefit IHG Says it Will Miss its Greenhouse Gas Emission Reduction Targets Inside MakeMyTrip's 'Travel Superapp' Strategy. Is it Doable? Connect with Skift LinkedIn: https://www.linkedin.com/company/skift/ WhatsApp: https://whatsapp.com/channel/0029VaAL375LikgIXmNPYQ0L/ Facebook: https://facebook.com/skiftnews Instagram: https://www.instagram.com/skiftnews/ Threads: https://www.threads.net/@skiftnews Bluesky: https://bsky.app/profile/skiftnews.bsky.social X: https://twitter.com/skift Subscribe to @SkiftNews (https://www.youtube.com/@SkiftNews) and never miss an update from the travel industry.
Alexis Garcia and Ken Shreve analyze Thursday's market action and discuss key stocks to watch on Stock Market Today.
In today's episode of STR Daily powered by Boostly, we explore the latest trends in Middle East travel, including Dubai's innovative tourism strategies and the evolution of luxury travel in the region. We also dive into MakeMyTrip's acquisition of Happay, a bold move reshaping corporate travel and expense management in India. Stay tuned to stay ahead in the travel industry! Are you new and want to start your own hospitality business? Join our Facebook group Follow Boostly and join the discussion: YouTube LinkedIn Facebook Want to know more about us? Visit our website Stay informed and ahead of the curve with the latest insights and analysis
The JOLTS survey revealed a cooling job market ahead of Friday's employment report. The new data also raised the odds of a 50–basis-point rate cut by the Federal Reserve at the late-September meeting. MakeMyTrip reclaimed its 50-day with conviction after Tuesday's selloff; Tyler Technologies is building a new base; DaVita is holding in a buy zone.
In this episode, we chat with Deep Kalra, the former CEO of MakeMyTrip. Deep opens up about his amazing 24-year journey as an entrepreneur, sharing his experiences and the lessons he's learned along the way. We discuss how he navigated the pandemic, his thoughts on reinventing oneself, and the exciting impact of AI. Deep also talks about the skills he's picked up, his approach to building and hiring great teams and the unique challenges in the tourism industry. Tune in for an inspiring conversation where Deep shares his formula for better business and the significant learnings from different phases of his life. Instagram of Jivraj - https://www.instagram.com/jivrajsinghsachar/ 00:00 - Preview 01:01 - Introduction 01:49 - Deep Kalra's 24-Year Entrepreneurial Journey 09:16 - Pandemic Learnings 14:37 - His Entrepreneurial Journey So Far 16:35 - What Reinventing Means 22:08 - The Impact of AI 27:30 - Skills Mastered Along the Way 31:56 - Mastering Team Building and Hiring 38:08 - Fascination with His Business 48:45 - Tourism Industry Challenges 55:31 - Leveraging AI 1:00:46 - Formula for Better Business 1:06:24 - Key Learnings from Life Phases 1:11:06 - Outro #indiansiliconvalley #isv #indiansiliconvalleypodcast #isvpodcast #jivrajsinghsachar
Welcome to Top of the Morning by Mint, your weekday newscast that brings you five major stories from the world of business. It's Friday, July 5, 2024. My name is Nelson John. Let's get started:Sensex and Nifty remained largely flat on Thursday. Both rose by around 0.5 percent during trading hours yesterday.The share of foreign investors in HDFC Bank is set to drop below 55 percent. This is crucial for India's largest private lender as its weight in the MSCI India Index will double. Investors are excited for this move — HDFC's share price has increased by more than 16 and a half percent over the last month. Despite this surge, HDFC's share price has remained flat from a year ago. In sharp contrast, ICICI Bank's share price has increased by more than 30 percent over the same period. HDFC's inclusion in the MSCI index might provide some cheer for investors in the short term, but it has plenty to catch up.The banking industry in India looks quite different than it did just five years ago. In September 2019, the Reserve Bank of India had directed all banks to link their interest rates to the repo rate as well as the treasury bonds. This meant that when any change in RBI's repo rate or the bond yields took place, the interest rates that the banks charged to the consumer would change proportionally. Prior to that, banks were quick to pass on interest rate hikes but not the savings that came with rate cuts. Shayan Ghosh writes that this transmission has been swift: 58 percent of all floating loans in India are now tied to rates standardised by RBI. The regulator's main motive is to protect consumers, and it's doing a good job of it so far under governor Shaktikanta Das.At Mint, we're closely following the next Union Budget. Our big Budget story of the day is that the government is planning on easing business-related hurdles, plugging in tax gaps, and recaliberating customs duties to empower domestic companies. The industries that are set to benefit from this move are textiles and engineering goods, report Gireesh Chandra Prasad and Rhik Kundu. Policymakers want to improve domestic production of goods, and will resort to these protective measures to ensure Indian companies fare better than their foreign counterparts.The Indian startup industry has had one major complaint for the entirety of its existence: the angel tax. This was a duty amounting to 30.6 percent — a steep price to pay when any startup is raising money. The government imposed it in 2012, and earlier this year, extended it to NRIs as well. This made fundraising a much more expensive process for both investors and the startups. But finally, there's some reprieve: Dhirendra Kumar reports that the ministry of commerce has recommended that this tax be repealed. This decision now lies with the ministry of finance. If this goes through, expect a lot more investments in India's ever-growing startup industry.At its peak, Tiger Global was one of the most prolific venture capital funds around the globe. It grew to prominence via its investments in China, making billions of dollars in the process. In India, Tiger has invested in more than 160 companies. Some of its notable investments in India include Flipkart, MakeMyTrip, Zomato, and Ola. But that was the Tiger Global of yesterday. Today, its roars have turned into meek yelps, writes Ranjani Raghavan. Tiger has only been making smaller, follow-up investments these days, and is afraid to take on big bets. The zero interest rate phenomenon is now dead, which means Tiger can't afford to invest in companies that believe in a growth-at-all-costs philosophy. That particular strategy allowed Tiger Global to grow to new heights, and it might be the reason why it fails spectacularly.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:HDFC Bank's weight on the MSCI India Index is set to double. But does it matter? How Shaktikanta Das is fixing the problem of wayward bank interest rates Govt plans duty reforms, tax tweaks to boost local manufacturing DPIIT recommends removal of Angel Tax Why Tiger Global's ferocious roar has turned into a soft mewl
I know what you're thinking. Didn't the First Principles podcast draw its curtains? Yes we did.But then we decided to do a final super-splice of every single episode we did. There were 41 founders. A bit too many for a single supercut episode, don't you think?So, here's the first 20.We went through all the episodes and picked a few minutes from each that we felt captured the essence of the specific founder and their approach to entrepreneurship, leadership, and well, life.You'll listen to Kabeer Biswas, co-founder and CEO of Dunzo; Baskar Subramamian, co-founder and CEO of Amagi; Nithin Kamath, co-founder and CEO of Zerodha; Naveen Tewari, founder and CEO at InMobi; Ananth Narayanan, founder and CEO of Mensa Brands; Harshil Mathur, co-founder and CEO of Razorpay; Vineeta Singh, co-founder and CEO of Sugar Cosmetics; Amrish Rau, CEO of Pine Labs; Amit Agarwal, co-founder and CEO of NoBroker; Tarun Mehta, co-founder and CEO of Ather Energy; Deep Kalra, founder and chairman of MakeMyTrip; Ruchi Kalra, co-founder and CEO of Oxyzo; Kamal Sagar, co-founder and CEO of Total Environment; Srikanth Iyer, co-founder and CEO of Homelane; Shan Kadavil, founder and CEO of Fresh to Home; Kunal Shah, founder and CEO of CRED; Srikanth Velamakanni, co-founder and CEO of Fractal; Ronnie Screwvala, co-founder and chairperson of UpGrad; Gaurav Munjal, co-founder and CEO of Unacademy; and Smita Deorah, co-founder and co-CEO of LEAD.Even if you've listened to many of these episodes, I think you might enjoy this intense supercut.Meanwhile, we're working hard at our next podcast. Which I should be able to introduce to you very shortly. I'm excited!I'm Rohin Dharmakumar, your host. And here's part 1 of final, final supercut.-----------While you're still here you can sign up for the First Principles Newsletter here and continue to be part of the First Principles community.
This podcast interview focuses on the entrepreneurial journey to redefine the way we learn and solve the growing skills gap. My guest is Ruban Phukan, CEO of Goodgist. Ruban is a serial entrepreneur with more than two decades of experience building technology products that solve real-world problems. He's written books about AI and holds several patents in this field. He was part of Yahoo's first data scientist team, collaborating closely with co-founder David Filo to use data to address complex business problems. In 2005, he co-founded Bixee.com, India's first vertical search engine employing patented technology. This company then merged with market leader MakeMyTrip and DataRPM, a pioneering Enterprise AI platform for industrial IoT, which was then acquired by Progress Software in 2017. He 2019 he co-founded GoodTrade.AI, an asset management and investment analysis platform centred around Generative AI. Most recently he co-founded GoodGist, an AI startup for upskilling and research that tackles the challenges of scaling corporate skill development. Their mission: To organize the world's knowledge and make it universally accessible, conversational, and digestible in bite-sized chunks on demand. Their belief is that this creates a significant moat for their clients against competitors in today's fast-paced landscape, And this inspired me, and hence I invited Ruban to my podcast. We explore the challenges of continuous learning in today's fast-paced technological environment. He explains his first principles for making his strategic bets and why he opts to take a platform approach rather than a point solution approach. Last but not least, he explains his lessons from niching down and verticalizing his GTM approach around the platform. Here's one of his quotes We don't try to build a custom solution for a custom problem. We try to look at the problem and say, 'Okay, so we are not trying to only solve for a gas turbine failure, how do we build that technology, so that now instead of just only solving for data coming out of gas turbines, it can also look at data coming out of smart cars? How can it also handle data coming out of smart televisions? So, the focus has always been in trying to understand the problem and try to generalize, so that it can solve more business use cases, without having to recreate something new every single time. During this interview, you will learn four things: How he's accelerating traction by packaging his horizontal platform around highly valuable & business-critical problems. How he goes about successfully serving the mid-market and large enterprise companies in their own unique ways. His approach to identifying new value possibilities in the market that are worth building solutions for. How he makes decisions on what to invest in, and what not. For more information about the guest from this week: Ruban Phukan Website: Goodgist Subscribe to the Daily SaaS Reflection Get my free, 1 min daily reflection on shaping a B2B SaaS business no one can ignore. Subscribe here Yes, it's actually daily. And yes, people actually stay subscribed (Just see what peer B2B SaaS CEOs say) My promise: It's short. To the point. Inspiring. And valuable. Learn more about your ad choices. Visit megaphone.fm/adchoices
From planning the perfect destination to capturing Instagram-worthy moments, travel thrills us all. Travel not only reduces stress but also boosts happiness, a trend backed by the Mastercard travel report showing 97 million passengers through Indian airports in just the first three months of 2024! Join ET's Prachi Verma on this episode of The Morning Brief as she dives into the latest travel trends and upcoming hot destinations. Hear from Madhavan Menon, Chairman of Thomas Cook, Rajesh Magow, co-founder and group CEO of MakeMyTrip, and Santosh Kumar, Country Manager for India, Sri Lanka, Maldives and Indonesia at Booking.com. Discover why Munich, Tokyo, and Albania are trending summer destinations and get inspired to choose your next adventure, whether it's beaches, mountains, or cultural escapades. Tune in to The Morning Brief! Check out other interesting episodes like - How Nvidia Became the World's Most Valuable Company, Gold is Old: How Rich Indian Women Invest Now, Hyundai's Mega IPO, India's Big Bond Breakthrough, Why Are Banks Worried About RBI's New Project Finance Rules?, How Wall Street Algos are Eating Indian Option Traders' Lunch? and more! You can follow Prachi Verma on her social media: Twitter and Linkedin Catch the latest episode of ‘The Morning Brief' on ET Play, The Economic Times Online, Spotify, Apple Podcasts, JioSaavn, Amazon Music and Google PodcastsSee omnystudio.com/listener for privacy information.
Today we're in Melbourne, Australia and chatting with our guest Mr. Utkarsh Naran, the Founder and CEO of IgnitedNeurons. Utkarsh is on a mission to help managers become future leaders for the world. He is a learning consultant and an accomplished coach on the path to achieving ICF-PCC accreditation, having over 1,000 hours of coaching experience. With a career spanning 17 years across healthcare, leadership, and e-learning, Utkarsh has led numerous cross-domain teams in both tech startups and large-scale client projects for Fortune 500 companies. His career started as a
Tercera hora de Visión Global en Radio Intereconomía que dedicamos a nuestro consultorio de Wall Street en el que nos acompaña David Leyguarda, analista independiente. Con él analizamos compañías como 3M, Chubb, Intel, MacDonalds, Makemytrip, eBay, Tesla, Light & Wonder, Broadcom, Babcock International, KONE, Carvana. Amazon, Super Micro Computer, UnitedHealth Group. Después, último repaso a los mercados y actualización de la información en titulares. Terminamos con el análisis de mercados en el que nos acompaña Gustavo Martínez, gestor independiente, profesor universitario y en redes sociales @GustavoBolsa. Con él hablamos de los máximos que ha alcanzado hoy el Dow jones que se suman a los que hemos visto en el SP 500. Contexto de optimismo inversor marcado por el buen dato de inflación que conocíamos ayer en Estados Unidos.
In this podcast episode, Amit Somani speaks to Gaurav Aggarwal the incredible Founder & CEO at Savaari Car Rentals who inspiringly led his company to be acquired by MakeMyTrip in 2023/2024. Savaari is India's largest premier chauffeur driven inter-city car rental service with presence in 2000+ Indian cities.Gaurav is a resilient, poster boy of Indian Startup M&A success story. He has silently built a ~₹100 Crore ARR startup by just raising 2 rounds of funding in a crowded space amidst the storms of global competition (with billions of dollars). This strategic Merger & Acquisition (M&A) with MakeMyTrip is a trendsetter and exemplar for all founders in the Indian startup ecosystem and VCs alike. He signs off saying, Savaari Car Rentals will be a ~₹1000 Crore company in 5 years! Watch this episode to learn key snippets on building an enduring startup the right way in a very difficult unorganised, crowded market! Listen to the podcast to learn more about:0:00 - From Cisco to Car Rental Startup4:16 - Transitioning to Entrepreneurship in India7:45 - Intercity Transportation Market Insights19:01 - Navigating the Competitive Landscape23:33 - Staying the Course30:59 - Entrepreneurship Evolution and Growth StrategyEnjoyed the podcast? Please consider leaving a review on Apple Podcasts and subscribe wherever you are listening to this.Follow Prime Venture Partners:LinkedIn: https://www.linkedin.com/company/primevp/Twitter: https://twitter.com/Primevp_inThis podcast is for you. Do let us know what you like about the podcast, what you don't like, the guests you'd like to have on the podcast and the topics you'd like us to cover in future episodes.Please share your feedback here: https://primevp.in/podcastfeedback
This week we're joined by CX Expert Ankur Agrawal, former SVP and Head of Customer Experience at Paytm, Ola, MakeMyTrip and Snapdeal. He shares his insights on the importance of understanding customer expectations, analyzing feedback, and combining it with data to enhance the overall experience. Ankur also delves into the impact of AI on contact centers and the role they play as treasure troves of customer conversations. Don't miss this engaging conversation to enhance your own customer experience journey.
The 10-year Treasury yield dipped 4 basis points to around 4.27% as the bond market ponders a “higher for longer” interest-rate scenario for the Fed. Amid some selling in the online travel group, India-based MakeMyTrip is showing strength and support; restaurant stock Cava is back near an all-time high after reporting earnings; On Holding is showing relative strength ahead of its March 12 earnings report.
Layoffs at tech companies have continued into 2024, but first, a couple of other headlines that caught my attention. Hyundai Motors is planning to list its Indian unit to raise at least $3 billion in what would be the country's biggest IPO, Reuters reported yesterday, citing two people it didn't name. Hyundai, the second-biggest automaker in India with a 15 percent market share, is in early talks with several banks for the fund raising, which would value the Korean automaker's Indian operations at up to $30 billion, which is more than half its market capitalisation of $42 billion in Seoul, according to Reuters. As Paytm reels under the Reserve Bank of India's tough stance over the fintech company's non-compliance issues, some founders of startups in India have written to Governor Shaktikanta Das and finance minister Nirmala Sitharaman, urging them to “review” and “reconsider” the regulatory directive asking Paytm's payments bank unit to shut its main banking services after February 29, Economic Times reported earlier today. Policybazaar's Yashish Dahiya, Bharat Matrimony's Murugavel Janakiraman, Makemytrip's Rajesh Magow and Ritesh Malik of Innov 8 are among the signatories to the letter. They've said the punitive measures against Paytm would have a far-reaching impact on India's fintech ecosystem, according to ET. One thing today Tech companies have already shed about 32,500 jobs in 2024, according to layoffs.fyi, which tracks job cuts at 5,000 tech companies. Snap, which operates the photo and video sharing app, Snapchat, is the latest internet company to announce job cuts in 2024. The company said in an SEC filing on Feb. 5 it would reduce its headcount by 10 percent worldwide. Snap expects it will incur charges ranging from $55 million to $75 million, according to its filing, from this latest round of cuts. The company previously laid off 20 percent of its staff and restructured its business lines in August 2022, CNBC notes. Several other well-known tech companies have reduced their staff strength this year, including Paypal, Microsoft, Zuora, Zoom, and Okta. Indian food delivery unicorn Swiggy, ahead of its IPO plans, recently cut another 400 jobs, TechCrunch reported on Jan. 25. And India's top IT services companies entered the year with their collective workforce lower by tens of thousands of employees. Tata Consultancy Services, India's biggest IT company, for example, reduced its workforce by close to 11,500 people in the nine months through December 2023. Infosys, the second biggest, has reduced its workforce by more than 20,500 staff in the same period. Tech and IT companies around the world recruited aggressively as the world came out of the Covid pandemic. Since then, the combination of the global economic slowdown and the rise of AI and AI-based automation, has changed the world. Now, even as things are beginning to look up in the world's biggest tech market, the US, hiring will increasingly reflect investments in AI.
MakeMyTrip ने पिछले 2 वर्षों में आध्यात्मिक स्थलों में दिलचस्पी दिखाने वालों में 97% की वृद्धि देखी है. इसमें 585% की बढ़ोतरी के साथ टॉप डेस्टिनेशन अयोध्या है.----more----https://hindi.theprint.in/feature/ayodhya-becomes-first-choice-for-tourists-sotc-thomas-cook-makemytrip-are-making-travel-easy/655819/
On the occasion of National Startup Day, Chandra R Srikanth, Deputy Executive Editor, Moneycontrol, sat down for a conversation with two stalwarts of the Indian startup ecosystem, Deep Kalra, Founder & Chairman, Makemytrip, and Sanjeev Bikhchandani, Founder, Info Edge, on the theme 'Leap to Unicorn: Overcoming Obstacles in India's Startup Journey'. The two leaders reflected on the evolution of the Indian startup ecosystem, while prescribing regulatory and structural changes that could improve the success rate of startups, as part of a special discussion, presented by Leap To Unicorn Season 2, an initiative for startup growth by IDFC FIRST Bank, in association with Moneycontrol and CNBC-TV18. #Partnered.
On Episode 34 of Trends with Friends — Howard Lindzon, JC Parets, Phil Pearlman and Riley Rosebee review Stocks Showing Weakness, The 30-Year Yield, Deglobalization and Omakase. Like and Subscribe if you enjoy the show. Chapters Welcome (0:00) We Took A Week Off (1:45) Fasting Feels Great (3:23) Omakase Experts (6:34) Chart Talk (8:07) Stocks Showing Weakness (13:03) MakeMyTrip's Massive Base (16:00) TIPS vs. Treasuries (17:25) The 30-Year Yield (20:38) You Can't Trust the Narrative (24:50) Interesting Ideas (27:52) Deglobalization, Secular or Cyclical? (36:31) Write Every Day, But Not For Traffic (50:11) Cook Steak (55:21) Featured Links Sam Lessin's State of VC — https://twitter.com/lessin/status/1713967957209137154 Tim Ferris x James Clear — https://tim.blog/2023/01/06/james-clear-atomic-habits/ Howard's Blog — https://www.howardlindzon.com/ JC's Blog — https://allstarcharts.com/blog/ Pearl's Prime Cuts — https://primecuts.substack.com/ Riley's Blog — https://popularprice.beehiiv.com/ Follow Us on Twitter Howard Lindzon — https://twitter.com/howardlindzon JC Parets — https://twitter.com/allstarcharts Phil Pearlman — https://twitter.com/ppearlman Riley Rosebee — https://twitter.com/be_rosebee --- Send in a voice message: https://podcasters.spotify.com/pod/show/trends-with-friends/message
A whole lot of stuff awful and awesome as Nainika Singh Rathore and Jayashree Arunachalam review the movies Thank You For Coming and 2018: Everyone Is A Hero, the mini-series The Fall of the House of Usher, the controversial MakeMyTrip ad, and stand up comic Abhishek Upmanyu's new special. Hosted on Acast. See acast.com/privacy for more information.
Headline consumer prices were slightly hotter than expected, but core prices were in line. The 10-year Treasury yield reversed sharply higher after hitting a low of 4.53%. Published reports blamed a weak 30-year Treasury auction. The U.S. dollar also surged, fueling negative sentiment. Biotech Vertex is showing relative; KLA rallied for the sixth time in seven trading sessions; MakeMyTrip continues to hold above its 10-week line.
Tim Guleri has had a remarkable run at Sierra Ventures since 2001. He has invested in transcendent companies including Sourcefire and MakeMyTrip which both went public. Before that, Tim had a successful career as an entrepreneur and exec at companies like Scopus and Octane which was acquired by Epiphany in 2000.Sierra has one of the strongest future of work and AI portfolios that includes companies like Paro, Krisp, and SupportLogic which acquired Emtropy Labs which was founded by great former guest Harish Batlapenamurthy. In full disclosure, Sierra and I are both investors in ArmorCode.Listen and learn...Why the most successful venture investors were previously entrepreneursTim's thesis for investing in gen AI customer journey company SimulateHow Tim identifies "gen AI whitewashing" when hearing pitchesWhy gen AI is more than just another platform shiftHow gen AI startups can beat Big Tech incumbentsWhy all companies are ultimately "financial products"Sierra's primary data from CIOs: "...they're spending money on use cases that unlock employee productivity"What Tim means by "build horizontally but execute vertically"Which jobs AI will eliminate vs. augmentTim's "one that got away" pitch from his early days at SierraReferences in this episode...According to CNBC, 69% of U.S. adults are uncomfortable with AI that can mimic human thinkingAshu Garg from Foundation Capital on AI and the Future of WorkRory O'Driscoll from Scale Venture Partners on AI and the Future of WorkSierra Ventures
Welcome to First Principles, The Ken's fortnightly leadership podcast! I am Rohin Dharmakumar, your host.First, if you're a new listener of this podcast, I think you've clicked on the right episode. And if you're a long-time listener – thank you, by the way – then you might know that here at First Principles, we have a few favourite questions. And we try and ask these questions to most of our guests. The most interesting part of this is that every guest has a vastly different answer to the same question – their age, experience, outlook on life…even their co-founder or their family plays a significant role in how they answer our questions. Take motivation, for example. What drives founders/CEOs, even when things aren't looking so good?It could simply be untameable perseverance – like in the case of Deep Kalra, the founder of MakeMyTrip. For Ruchi Kalra of OxyCo, it was the people around her. Srikanth Iyer of Homelane, in fact, quotes from a book that changed the game for him.We highly recommend going back and listening to our full episodes, but this is a great place to start, too. We went back to some of our older episodes to make a supercut of some very specific answers from our guests to questions on motivation, perseverance, finding the right opportunity in a difficult market and fighting stress. Good stress, as one of our guests calls it.Here are our guests:We start with Deep Kalra, the founder and chairman of MakeMyTrip – a company that began when India wasn't even ready for internet businesses. Deep talks about surviving as a travel business through the pandemic, learning to stay in the game and building to last. Deep Kalra of MakeMyTrip on being “22 years young”, presenting from Excel sheets instead of Powerpoint slides, the importance of open disagreements, and the good stress of buildingNext, we have Ruchi Kalra – who has built two profitable unicorns in seven years: OfBusiness and Oxyzo. She takes us through an important maxim that drives both her businesses: finding the right opportunity in the right sector, even if it's crowded.Ruchi Kalra of Oxyzo on creating two unicorns in 7 years, spotting gigantic market opportunities, putting profits and cash flow first, and letting go of personal ambitionsKamal Sagar, the founder of Total Environment, has had one thing driving him for 27 years: good quality. Good quality that even thousands of real estate companies in the West are just not able to deliver on. The most interesting part is how he does it: Kamal builds homes the way software is built. Kamal Sagar of Total Environment on picking principles over convenience, reimagining real estate, design, authenticity and learning to say noWhen I asked how Srikanth Iyer, the founder of Homelane, fought through the first few years of absolute chaos at his startup, Srikanth said he focuses on understanding what you're bad at. He explains how he learnt and applied this First Principle in his career.Srikanth Iyer of Home Lane on embracing what you're bad at in order to do better at what you're good at, and being a wartime generalShan Kadavil of FreshToHome cracked a really tough business in a super competitive market. And then, he evolved as a CEO and a leader. He talks about scaling a 40-employee organisation to a 4000-employee organisation, encouraging his team to “be their own CEO,” obsessing over the right metrics, and much more. Shan Kadavil of FreshToHome on selling fish, building moats, encouraging bottom-up “shots on goal”, and being honest with boardsThis is First Principles— The Ken's fortnightly leadership podcast.The Ken is India's first subscriber-only business journalism platform. Check out our deeply reported long-form stories, insightful newsletters, original podcasts and much more here.
Episode Notes Some hotel executives have expressed concerns about the security and reliability of today's generative artificial intelligence. However, industry experts are confident that AI will make room pricing more profitable, reports Senior Hospitality Editor Sean O'Neill. Former IHG executive Jeff Edwards said revenue management would be the perfect use for the technology because it is too complex for humans to manage in real-time. Future tech could also enable dynamic pricing for individual rooms. O'Neill notes an extra-spacious room appearing frequently on social media could, in theory, command higher rates. Ryan King, an executive at hotel software services firm Shiji Americas, said revenue management software platforms could assign specific rates for certain rooms based on perceptions of those rooms. O'Neill also writes that today's revenue management systems often struggle to handle non-room revenue, including spending in hotel restaurants and spas. We head to San Francisco next. Global Tourism Reporter Dawit Habtemariam writes the city's struggling downtown is holding back its tourism recovery. Although some neighborhoods outside of San Francisco's downtown have seen an increase in visitors, Habtemariam reports several tour operators aren't enthusiastic about taking groups to the center of the city. One tour operator, G Adventures, said it now starts tours in Las Vegas instead of San Francisco and that it has reduced the time its tours spend there. Another tour operator said he avoids group trips to the city. Local officials recently launched a global marketing campaign called “Always San Francisco” in an attempt to counter the city's negative reputation. San Francisco Travel Association Chief Marketing Officer Lynn Bruni-Perkins said the organization wants to remind the public that the majority of visitors to the city last year said they wanted to return. We finish today in India, the host of the Cricket World Cup this fall. The country is racing to have budget hotels ready for the start of the event in October, writes Middle East and Asia Reporter Amrita Ghosh. The rush to provide cricket fans more budget accommodation options comes as event organizers expect to see an enormous demand for tickets. Budget hotel operator Oyo said it will add 500 hotels in host cities to its portfolio over the next three months. An Oyo executive said the hotels will be located near tournament venues. In addition, India-based online travel company MakeMyTrip has unveiled plans to increase its inventory of homestay properties during the cricket season.
Today I have with me the entrepreneur who I've always looked up to. I consider him the Dronacharya of the Indian startup ecosystem.This man has never shied away from expressing himself freely. His company was the first tech company in India to go public and inspired a generation of companies to go public like MakeMyTrip, Zomato, and PolicyBazaar. All entrepreneurs dream of taking their companies public and the very few who reach that milestone remain busy managing that company or end up taking retirement.But this man never rested. He is responsible for many startups in India that have gone public.Today I have with me Padma Shri awardee Sanjeev Bikhchandani Sir. This episode is about the unconventional choices of Sanjeev Sir and his philosophy of making India great.I would also like to thank our sponsors Prime Venture Partners for sponsoring the Neon Show.Hope you enjoy it.
Episode Notes China was a major market for Carnival Corporation prior to the pandemic. But despite Beijing lifting the country's strict travel curbs earlier this year, the cruise line isn't returning to China in the near future, writes Global Tourism Reporter Dawit Habtemariam. Carnival CEO Josh Weinstein said on Monday the company's strong second quarter did not reflect a return to China, and added the company would “be on the sidelines” for a few years. Roughly 1 million Carnival guests came from China in 2019. Meanwhile, Weinstein described the company's onboard revenue as “off the charts.” Habtemariam reports more than a third of Carnival's onboard revenue over the 12 months have been booked in advance. However, despite that higher consumer spending, the company's shares fell 10 percent, after Carnival executives noted rising labor and fuel costs. Carnival Chief Financial Officer David Bernstein said the company incurred $13 million in higher fuel costs. Next, speaking of China, strong performance over the country's most recent national holiday is a major sign international travel is rebounding, reports Asia Editor Peden Doma Bhutia. Bhutia writes China's three-day Dragon Boat Festival holiday revealed a noticeable rebound in outbound travel. International border crossings during the holiday period hit 65 percent of 2019 levels, according to government officials. Bhutia notes that Hong Kong was the most popular destination for travelers living in Mainland China, with hotel bookings made by Mainland Chinese for Hong Kong trips recording a substantial increase from last year. China had the largest outbound travel market in the world before the pandemic, both in terms of number of trips and total spend. Finally, delays in Europe visitor visas are driving more Indian travelers to book trips closer to home, reports Asia Editor Bhutia and Middle East and Asia Reporter Amrita Ghosh. As one India-based travel executive admitted those delays are concerning to those looking to visit Europe, online travel company MakeMyTrip said Indian travelers are increasingly interested in Asian destinations. The company notes Thailand, Singapore and Malaysia are among the top five choices for Indian travelers. In addition, 92 percent of travelers expressed a desire to explore domestic destinations, according to a recent survey by budget hotel operator Oyo.
In a time marked by incredible tech advancements and the digital revolution, there's one industry that stands out for its game-changing impact: FinTech. From digital payments and lending platforms to robo-advisors and blockchain technology, FinTech has disrupted traditional financial systems, offering greater convenience, accessibility, and efficiency to consumers and businesses alike. In this episode, I'm joined by Ashish Khandelwal, the visionary behind ANQ Finance and a true trailblazer in India's FinTech landscape. Ashish is a seasoned entrepreneur who combines his expertise in finance and technology to launch and scale ventures, aiming to revolutionize finance and empower individuals with innovative solutions to achieve their financial dreams. Join us as we take a behind-the-scenes look into building and scaling a FinTech startup. Tune in as we explore: The evolving world of FinTech Top 3 survival tips for entrepreneurs to navigate the FinTech jungle The challenges and strategies of complying with fintech regulations Creative approaches to acquire and retain customers in the FinTech space Inspiring tales of success in FinTech Practical tips to kickstart your FinTech entrepreneurial journey ...and lots more. -=-=-=-=- Exclusive ANQ-99signals Offer ANQ is a digital banking platform that harnesses the power of Decentralized Finance (DeFi) to deliver next-generation financial services. Available on both iOS and Android, ANQ lets you earn rewards in Bitcoin or Digital Gold for every purchase made using the ANQ X card or ANQ Shopping. ANQ lets you shop at over 9M merchants, earn assured
Order my first book 'Build, Don't Talk' here: https://amzn.eu/d/eCfijRuSubscribe To Our Other YouTube Channels:-https://www.youtube.com/@rajshamaniclipshttps://www.youtube.com/@RajShamani.Shorts--------------In this episode, Raj Shamani is talking to Deep Kalra, the visionary founder of MakeMyTrip, India's leading online travel company.As the conversation unfolds, Deep Kalra shares fascinating anecdotes and pivotal moments that shaped MakeMyTrip into the company it is today. Gain invaluable insights into his strategic vision and unwavering commitment to building customer trust & reliability which allowed MakeMyTrip to redefine the travel industry in India and beyond. Uncover his perspectives on how India is going to make it big and empower the next generation of entrepreneurs. He's spoken extensively about the tourism scene in India and what is causing the harm to the growth of tourism here. Whether you're an aspiring entrepreneur, a travel enthusiast, or simply curious about the secrets of success, this podcast episode promises to be a captivating and enlightening experience. Don't miss out on this incredible opportunity to gain valuable insights from the founder of MakeMyTrip himself. Get ready to be inspired, motivated, and empowered to embark on your own journey towards success!-------------------------
Anshuman Bapa is CEO and founder of Terra.do, an international platform with educational opportunities designed to help people get jobs working on climate. The aspiration is to get 100 million more people working in the climate economy in the next decade. Bapna is a serial entrepreneur, having co-founded and launched several startups. He's also worked with Deloitte, Google, and MakeMyTrip. He says he gets his best career and life advice from his children. Read the transcript of this episode***Resources from this episode:Check out Terra.do's different courses. Find other climate learning and training platforms:UN SDG: Learn platformHarvard Business School Online - Sustainable Business StrategyJoin climate-specific communities: Work on ClimateWomen in ClimateClimatebaseClimate DraftMCJ CollectiveMy Climate Journey podcastGreenbiz Sustainability ConferenceBrowse climate-related job boards:GreenBiz Sustainability JobsGreen Jobs BoardGreen Jobs NetworkClimate PeopleTo find people to follow on LinkedIn, visit LinkedIn's Top Voices in the Green Economy list.Find nonprofits, public service organizations or higher education programs doing interesting climate-related work:Rewiring AmericaProject DrawdownUC Berkeley Opportunity Lab's Climate and Society InitiativeStanford Doerr School of SustainabilitySearch the hashtag #OpenDoorClimate on LinkedIn to find climate professionals who are willing to chat with you. (This is the movement founded by Year of the Climate Job Host Daniel Hill. Here are some articles we love::GQ: How an online school is working towards a climate-smart futureBloomberg: 100,000 Green Jobs Announced Since US Adopted Climate Law, Study FindsGreebiz: How will the Inflation Reduction Act spur job creation for the climate tech sector?The Hechinger Report: COLUMN: New climate legislation could create 9 million jobs. Who will fill them?Related episodes:How to network for a green job with purpose-driven LinkedIn expert Nick@NoonBrowngirl Green's Kristy Drutman: Taking the mystery out of finding a green jobTransfer your skills to a green job with Work on Climate's Eugene Kirpichov***
Glöckler kuratiert die must-sees der OMR23. Kunstfreiheit überwiegt Brandschutzverordnungen? Was macht You.com? Getir kauft vielleicht Flink. Zahlen von SAP und Duolingo. Earnings von Uber und Arista Networks. IBM will tausende Backoffice Jobs durch AI ersetzen. Philipp Glöckler (https://www.linkedin.com/in/philippgloeckler/) und Philipp Klöckner (https://twitter.com/pip_net) sprechen heute über: (00:00:00) OMR Bingo (00:05:20) you.com (00:11:45) Hamburg Hotel Finden (00:13:45) Marktplatz für Stadtwohnungen vs. Ferienorte (00:16:45) SAP Aktie (00:22:40) BVSB Lesung (00:25:00) Duolingo (00:29:50) Social Chain AG (00:39:10) MakeMyTrip (00:47:10) Uber Earnings (00:51:30) Arista Networks (00:55:00) Oatly (01:02:40) Flink & Getir (01:05:45) Twitter Micropayments (01:13:30) Coinbase Insider Klage (01:15:45) IBM Shownotes: Werbung: Besuche den Stand von Braze auf der OMR und die Mitarbeiter:innen von uns grüßen. Spreche mit ihnen zum Beispiel darüber, wie Delivery Hero oder TUI die Customer Engagement Plattform von Braze nutzen. Der Stand befindet sich in Halle 1, Stand A1F11 und ist auf jeden Fall einen Besuch wert. #OMR23 Bingo https://www.linkedin.com/posts/philippgloeckler_omr23-activity-7059025647477649408-yGDB Doppelgänger auf der OMR: https://www.doppelgaenger.io/omr/ Oat Moelk aus Frankfurt: https://shop.moelk.co/ Getir & Flink: https://www.ft.com/content/23858b1a-b105-416d-859b-be3f95cd4290 IBM: https://www.businessinsider.com/ibm-halts-hiring-for-7800-jobs-that-could-be-replaced-by-ai-report-2023-5 AI Google: https://www.nytimes.com/2023/05/01/technology/ai-google-chatbot-engineer-quits-hinton.html Coinbase Lawsuit: https://www.theblock.co/post/229049/coinbase-insider-lawsuit-brian-armstrong-marc-andreessen Doppelgänger Tech Talk Podcast Sheet https://doppelgaenger.io/sheet/ Disclaimer https://www.doppelgaenger.io/disclaimer/ Passionfroot Storefront www.passionfroot.xyz/doppelgaenger Post Production by Jan Wagener https://www.linkedin.com/in/jan-wagener-49270018b/ Aktuelle Doppelgänger Werbepartner https://lollipod.de/sn/doppelgaenger-werbung
The year was 2004. MakeMyTrip was a struggling 4-year old company and Deep Kalra, its founder, hadn't taken a salary for nearly 18 months and had exhausted all of his financial savings. His co-founders had already taken salary cuts ranging from 50-70%. That's when they got an offer from a much larger company to buy MakeMyTrip out. After discussing between themselves, they decided that they'd sell if the offer was $10 million. The first offer from the potential buyer was $5 million. Which Kalra refused, of course. Then the haggling started. Over a few hours and price inched up bit by bit to around $7 million. “And the meeting ended. And I was actually very relieved,” says Deep in episode 11 of First Principles.He says his single biggest advice to young founders is to “just hang in there and don't give up too early because so many businesses haven't seen the light of day because someone gave up too early.”MakeMyTrip went through long periods of struggle, often existential, before it became the online travel giant that it is today. And Kalra has been part of it all through.In a reflective and wide-ranging conversation, Kalra covers a two decade span of evolution of India's internet and startup space, including his own journey as an entrepreneur. It's a masterclass on not giving up, staying in the game, and building to last.If you'd rather (or perhaps also) read than listen, we have also published the full transcript for this interview on our website. You can click here and read through it.And if you have any questions, thoughts, suggestions, or tips, please email them to podcasts@the-ken.com. We might not be able to reply to all of them but we do read every single one of them.
In this Episode, I (@Jivraj Singh Sachar) speak with Amit Lakhotia, Founder of Park+ Park+ is disrupting the way we interact with the auto industry and lead day to day lives. When owning a 4 wheeler of any kind, there are multiple nuances on an everyday basis like parking, washing, identification, etc. Park+ is building the entire suite that solves for these problems and has soon emerged as a leader in the space. Amit is a career operator, having built incredible products, leading brilliant teams. He was at MakeMyTrip, Paytm and Tokopedia before starting Park+. All of these companies eventually went public and Amit shares with us the learnings from each and the journey to building Park+ We chatted for almost an hour, decoding the very fascinating nature of this problem statement and business. We understand how Amit cracked partnerships initially with the multiple stakeholders Park+ deals with, how they build a strong operational engine with hardware excellence, how they launch new cities and expand, how they structure the organization and how to scale effectively. I absolutely loved the granular practical insights from Amit and I am sure you will too, but before we get started, here is a quick word about our sponsor: Stride Ventures, which is one of India's leading Venture Debt Funds, becoming synonymous with innovative startup financing in India. Stride provides comprehensive solutions, going beyond venture debt, to cater to distinctive challenges faced by high-growth and inherently strong businesses, backed by leading institutions. The fund has a portfolio of over 60+ diversified companies, having deployed more than Rupees 1500 Crore to date. In just over two years, Stride Ventures has emerged as the preferred venture debt lender in the Indian Ecosystem. To know more about this phenomenal fund, visit - https://strideventures.in/ Hope you liked the 123rd Episode on the Indian Silicon Valley Podcast - Disrupting the Day to Day Auto Industry! That was it from this Episode, thanks again for tuning in! :) If you liked the episode, do share with your friends or drop us a quick review! Also, do follow us on social media to stay updated with all new episodes: Twitter: https://twitter.com/isv_podcast LinkedIn: https://www.linkedin.com/company/indian-silicon-valley-podcast/ Instagram: https://www.instagram.com/indiansiliconvalleypodcast/ Gallery of all Episodes: https://airtable.com/shrTOFf1z5UT0q9p8 You can also subscribe to the YouTube Channel of the Podcast : https://www.youtube.com/c/IndianSiliconValley/ "If you never try, you never know" Stay Tuned, Keep Building.
In today's episode for 25th October 2022, we discuss why the CCI (Competition Commission of India) took MakeMyTrip and OYO to task.
Myntra announced unlimited wellness leave. So did Meesho. So did Gojek. Netflix brought its global unlimited leave policy to India. Makemytrip announced uncapped leaves. As did Inmobi. A number of smaller startups like Nova Benefits, Pega Systems, Zuddl, have all announced unlimited leaves. Even The Ken has an unlimited leave policy.And you would think that in the middle of the Great Resignation, startups that are giving unlimited leave would see the number of leaves taken go up. You would think that in an economy of people starved of rest, employees would take all the opportunities they're given to take a break.But that's not what's happening. Anecdotally and empirically, evidence is telling us, again and again, that unlimited leaves are leading to fewer leaves taken. Which brings us to the question, why? What's broken? This week we're going to talk about the Prisoner's Dilemma of Unlimited Leaves. Tell us the things happening at your workplace: new patterns you've observed, changes that no-one's talking about, ideas and hacks that revolutionise how we work. The form is linked here: https://theken.typeform.com/costtocompany
In this episode of figuring out, we have Amit Kumar Agarwal and Saurav Garg, the Founders of NoBroker.com. We talked about the future of tech-based businesses, the hustle behind building a startup, financial planning, and much more.Saurabh Garg started NoBroker in 2014 after being unable to find a house that didn't require him to pay brokerage on classifieds and rental platforms. He and Amit Kumar Agarwal and Akhil Gupta were inspired by how consumer internet platforms such as BookMyShow had eased movie ticketing and MakeMyTrip had eased travel booking. Founded in 2014, NoBroker is a Bangalore-based startup in the real estate search domain. It connects flat and property owners with tenants and buyers directly through its platform, thereby making buying, selling, and renting of properties more straightforward, transparent, and affordable.In this episode, we have discussed why startups fail and the things people don't tell you about entrepreneurship. If you are interested in entrepreneurship, watch this episode till the end.Social Media Handles of NoBroker:Instagramhttps://www.instagram.com/nobroker/Twitter https://twitter.com/nobrokercom• • •
# China Accused of cyber-attacks on Ukraine before Russian invasion# Buget 2022: $9.9 billion towards cyber security aims to make Australia a key 'offensive' cyber playerThese are some of the recent headlines around Cyber threats globally. Cyber attacks have been rated the fifth top rated risk in 2020 and continues to grow in 2022 as IoT cyber attacks alone are expected to double by 2025.In this episode our guest Rahul Sasi, Founder CloudSEK, talks about the key challenges in Cyber Security in India today.CloudSEK's customer list includes Axis Bank, NPCI, Netcore, OLA, Sun Pharma, ICICI Lombard, IndusInd Bank, MakeMyTrip and many more who don't wish to take a chance with the growing threat of global cyber crimes. 11 of the Fortune Global companies, and 7 of the world's biggest banks, trust XVigil (one of CloudSEK's flagship products) to safeguard their security posture.During the episode, Rahul talks about how they started CloudSEK, customer acquisition strategy, and much more.Notes - 04:04 - Background before starting CloudSEK08:55 - Current ARR and scale in terms of customers09:45 - Milestone since launch12:04 - Products and Problem Statements solved by CloudSEK14:44 - How has been the industry response? 20:19 - Challenges with hiring the right people24:40 - Targets for the next 2 years26:17 - Learnings from their fundraising journey28:26 - How to leverage your investors?
Here are the top cryptocurrency news headlines from India this week:Finance Ministry to have public consultation on crypto in six months: https://www.cnbctv18.com/cryptocurrency/consultative-paper-on-cryptocurrency-likely-to-be-ready-in-few-months-sources-12847342.htm ;Crypto industry wants the government to reconsider the proposed 1% TDS: https://economictimes.indiatimes.com/tech/technology/crypto-players-want-finmin-to-relook-proposed-1-tds/articleshow/90209508.cms ;Crypto players seek clarity from Parliament Session: https://economictimes.indiatimes.com/markets/cryptocurrency/crypto-players-seek-clarity-from-parliament-session/articleshow/90224017.cms ;RBI refuses to disclose its official stance on crypto in an RTI query: https://www.livemint.com/market/cryptocurrency/disclosing-crypto-stance-will-affect-economic-interest-11647371240029.html ;Govt clarifies on RBI's plans to issue a cryptocurrency: https://www.livemint.com/market/cryptocurrency/govt-clarifies-on-plans-to-issue-a-cryptocurrency-11647343157920.html ;India's Digital Rupee Will Be Like ‘Dematerialised Bank Notes', Says SC Garg: https://www.outlookindia.com/business/india-s-digital-rupee-will-be-like-dematerialised-bank-notes-says-sc-garg-news-187588 ;CBDT chairman confirms that crypto taxation rules will come into effect from April 1: https://timesofindia.indiatimes.com/business/cryptocurrency/bitcoin/30-tax-on-income-from-crytocurrencies-to-be-applicable-from-april-1-tds-from-july-1-cbdt-chief/articleshow/90295072.cms ;India targets 700 crypto investors for non-payment of taxes: https://news.bitcoin.com/india-targets-700-crypto-investors-for-non-payment-of-taxes/ ; MakeMyTrip launches NFT collection: https://www.ndtv.com/business/makemytrip-launches-nfts-to-reimagine-tourism-2831130 ;Enforcement Directorate probing 7 crypto cases and has seized assets worth Rs 135 crores: https://timesofindia.indiatimes.com/india/ed-probing-7-crypto-cases-seized-assets-of-135cr-govt/articleshow/90211344.cms ;Cybersecurity Experts behind GainBitcoin scam investigation arrested for stealing Rs 20 crores: https://inc42.com/buzz/gainbitcoin-scam-cybersecurity-experts-behind-investigation-arrested-for-stealing-inr-20-cr-crypto/ ;Bitbns launches edu platform for crypto, blockchain learning: https://www.businesstoday.in/crypto/story/bitbns-launches-edu-platform-for-crypto-blockchain-learning-326402-2022-03-17 ;Giottus becomes first Indian crypto platform to list ApeCoin: https://www.livemint.com/market/cryptocurrency/giottus-becomes-first-indian-crypto-platform-to-list-apecoin-11647581178122.html ;Zebpay exchange lists ApeCoin in its INR market:CoinDCX lists Kyber Network Crystal V2 (KNC), Celo (CELO) and Mirror Protocol (MIR);WazirX lists Celo (CELO) in its INR and USDT market, API3 in its USDT market and Bakery Token (BAKE) and Neo (NEO) in its INR market;Unocoin goes vernacular with launch in four South Indian languages: https://newsroompost.com/business/unocoin-emerges-as-crypto-ka-super-app-goes-vernacular-with-all-four-south-indian-languages/5073506.html ;
Some people stop after creating their first successful company, but today's guest, Sachin Bhatia, has created three products and companies that have flourished. Sachin shares how he got his parents' entrepreneurial spirit by selling water and other items as a child. He started his first company, MakeMyTrip, in 2000, and while they had a successful launch due to word of mouth, they weren't able to keep up with demand. He learned his lesson, on the launch of his second company, TrulyMadly, they had the campaign to allow people to date not based on creed or religion in India which picked up a lot of press and was very successful. He then shares the story of how he and his Co-Founder teamed up again to build Bulbul, a video-based shopping app. More on Sachin's story, including how his marketing campaign where MakeMyTrip asked for a second chance, his strategy for breaking down his campaigns, and more on this episode of How I Grew This. Listen now on Apple Podcasts, Spotify, and anywhere you find your podcasts.
This was actually a book interview with Deep, days before the pandemic locked us all down. Truly a story of perseverance and not throwing in the towel. Such great insights shared by Deep, I just couldn't deny the world of these golden nuggets. Makemytrip is a Nasdaq listed company and I've the good fortune of knowing Deep Kalra and Sachin Bhatia right from the start. Hope you enjoy this podcast and the format. In future the smashed bashed podcast will be in the same format. Recorded live and in person. If there is someone you know who I should be interviewing.You can watch the video version of this as well here. https://www.youtube.com/watch?v=K48nl7j2mHk Pls. do drop me an email on gaurav@gauravbhagatacademy.com or dm me on Instagram or LinkedIn. https://www.linkedin.com/in/gbhagat/https://www.instagram.com/gaurav_gba/#deepkalra #makemytrip #greatindianpodcasts
In today's special episode of the "For The Love Of Emails" podcast, we have an exceptional guest, Soumyayan Roy from MakeMyTrip. He is the CRM and mobile growth head who's moving on as marketing head for the MakeMyTrip Gulf business. This Podcast is hosted by Ayush Verma, Email Product Marketing Lead for Netcore Cloud. If you have an ear to the ground for all things email marketing, we have a massive report that has email metric benchmarks across 5 regions and 19 industries - A study of 100 billion emails. Be among the firsts to benefit from the report. Book your copy now. https://bit.ly/3JNnl38
“However big or small, make it a good business, make it a clean business, make it a business you are very proud of”The pioneer of online travel in India, Deep Kalra's vision for MakeMyTrip was simple - to make travel easy for people. Today MakeMyTrip is India's largest online travel portal and has changed the way India travels.It was a pleasure to host Deep on our #PayItForward session, where he shared insights from his two-decade-long entrepreneurial journey.The Pay It Forward series, hosted by Vani Kola, MD of Kalaari Capital, focuses on conversations with founders and CEOs who have built businesses that have transformed the landscape of the Indian start-up ecosystem. For more updates on our sessions, follow Kalaari on Clubhouse: bit.ly/KalaariClub If you have any suggestions, please reach out to us at podcast@kalaari.com. We would love to hear from you.For more podcasts, visit our website- https://www.kalaari.com/resources
The VCpreneur: Startups | Venture Capital | Entrepreneurship | Fundraising
In this episode, Anshuman Bapna, Founder @Terra, joins our host Digjay, to talk about the ‘why' & ‘how' behind his latest venture - Terra, investor trends & the massive opportunity in clean tech, building a strong culture at a remote first startup, managing pivots & how should a founder think about exits. Terra is an online climate school which is on a mission to activate 100 million highly-skilled, climate-conscious professionals by 2030. The company aims to turn climate focused intentions into real world impactful actions. An alumnus of IIT-Bombay and Stanford Business School, Anshuman is a serial entrepreneur who has founded & exited multiple startups in the past, including traveltech startup mygola, Democracy Connect, and RightHalf.com. Prior to starting Terra, Anshuman was the Chief Product Officer at MakemyTrip. You can connect with him here on Linkedin / Twitter ---- Show notes – 1. (01:24) Anshuman's background & path leading up to Terra 2. (04:22) The 'Why' behind starting Terra; Building the talent stack for the climate economy 3. (07:59) The massive clean tech opportunity - Investor trends across India & US 4. (13:14) Terra's mission & outlook for the next decade 5. (16:20) Building a strong culture at a remote-first startup 6. (22:04) Managing pivots - key principles to help make the decision 7. (26:25) Fundraising approach as a 1st time & 2nd/3rdtime founder 8. (32:56) Thoughts on approaching exits as a fouder; How founders can derive maximum value from an exit opportunity? 9. (37:18) Rapid fire and closing remarks ---- If you liked our episode, you can subscribe to our podcast on any of the major podcasting platforms like Spotify & Apple iTunes. We would appreciate if you could leave us a review on Apple iTunes. This will help others discover the 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
In this inaugural episode of the Summit Series, Ravi Adusumalli, Managing Partner at Elevation, speaks to Deep Kalra, Founder, Group CEO & Chairman of MakeMyTrip. MMT was founded in 2000, was one of the first Indian companies to list in the US, and has been a flag bearer for Indian internet companies. Deep speaks about why he preferred listing in the US over India, how founders should think about growth vs cash burn, how MMT went about hiring and retaining talent in the early days, learnings from MMT's experience of acquiring GoIbibo, and more.
Sunil Suresh is Chief Marketing Officer of MakeMyTrip Group and previously was Chief Marketing and Strategy Officer at Capillary Technologies. At MMT Group, Sunil leads a 100+ member team, cutting across brand, media, content and creative, performance marketing, mobile marketing and more. In this episode, Sunil gives us a deep-dive into how his team is structured to drive MMT's top-line growth and customer loyalty, and what he looks for in his marketing leaders.