Entrepreneurship Shiksha

23/08/2022

Gautam Adani’s Adani Media Group to Buy 29.6% of NDTV at Rs 294 Per Share


https://shikshanews.com/gautam-adanis-adani-media-group-to-buy-29-6-of-ndtv-at-rs-294-per-share/

In a massive development unfolding, Indian billionaire’s Gautam Adani’s Adani Media Group is on his way to acquire 29.6% of popular news media company NDTV.

18/08/2022

Google-parent Alphabet has emerged as one of the investors in the blockchain startup ecosystem between September 2021 and June 2022, according to a report compiled by market intelligence platform Blockdata.

08/08/2022

Sustainable Distributed Computing platform 5ire became one of the world's fastest unicorns after getting funding of $100 million

15/07/2022

Netflix and Microsoft have confirmed a deal to build the streaming giant's first ad-supported subscription service. The news comes months following Netflix presented a new ad-supported offering in response to the company's falling subscriber base.

Both firms announced the newest development in separate journals, although it is still uncertain when the new ad-supported model will be available. The subscription's specifics are likewise uncertain.

As it confronts slow growth and has lately reduced its workforce, the streaming platform said in April that it would launch a new lower-cost ad-supported subscription alternative for users, in addition to the existing ad-free basic, standard, and premium packages.

Microsoft says it is "overjoyed" to be designated Netflix's technology and sales partner. Marketers who turn to Microsoft for advertising will have exposure to the Netflix viewership as well as linked TV inventory.

14/07/2022

Mandhana has invested an undisclosed sum in the ayurvedic startup "Neem Ayu".

Neem Ayu has recently launched with Indian cricketer Smriti Mandhana as the brand face for their shampoos and hair oils.

Smriti Mandhana stated “I travel and compete around the world amidst grueling weather conditions in different time zones, hence when it comes to taking care of my hair, I often find a lack of credible solutions.

What made me immediately trust Neem Ayu’s brand proposition was that its foundation lies in time-tested efficacy of Indian Ayurveda backed by intensive research. These products promise to show results effectively,”

09/07/2022

According to a report, InsuranceDekho is planning to raise $100 million in a fresh funding round. The company has reportedly been in talks with several potential investors, including SoftBank, for the past few months. If the deal goes through, it would value the company at around $1 billion.

09/07/2022

Elon Musk Abandons $44 Billion Deal to Buy Twitter, Company Promises Legal Threat


https://shikshanews.com/elon-musk-abandons-44-billion-deal-to-buy-twitter-company-promises-legal-threat/

Elon Musk Abandons $44 Billion Deal to Buy Twitter, Company Promises Legal Threat Posted by Jinesh Udani | Jul 9, 2022 | News | More than two months of putting a $44 billion deal on table, Elon Musk has reportedly abandoned $44 billion deal to buy Twitter and now stands on the receiving end of legal...

09/07/2022

Ashneer Grover Starts New Company with wife Madhuri Jain – Third Unicorn Private Limited


https://shikshanews.com/ashneer-grover-starts-new-company-with-wife-madhuri-jain-third-unicorn-private-limited/

Staying true to his word about working towards his third unicorn, Ashneer Grover recently incorporated a new company with his wife Madhuri Jain called ‘Third Unicorn Private Limited’.

18/05/2022

Paytm Mall's valuation has dropped 99 percent from its peak of $3 billion in 2020 to just $13 million following the withdrawal of the 2 prominent investors: Alibaba and Ant Financial.
According to the resolution, Alibaba will withdraw with over $3.5 million and Ant Group will withdraw with over $1.8 million, and both will write off their stakes. These investors would be compensated at the current share price of Rs 459 per share by Paytm Mall.
Vijay Shekhar Sharma developed Paytm Mall in 2016 to capitalize on the growing popularity of online shopping, and the firm was able to gather $500 million in a funding round headed by SoftBank and other investors, awarding it the title of a unicorn.
In July 2019, the firm collected $ 160 million in a new funding round headed by e-bay. According to the Hurun India Unicorn report, Paytm Mall's valuation likely to decline less than $1 billion in the next few years.

Paytm Mall's valuation has dropped 99 percent from its peak of $3 billion in 2020 to just $13 million following the withdrawal of the 2 prominent investors: Alibaba and Ant Financial.

According to the resolution, Alibaba will withdraw with over $3.5 million and Ant Group will withdraw with over $1.8 million, and both will write off their stakes. These investors would be compensated at the current share price of Rs 459 per share by Paytm Mall.

Vijay Shekhar Sharma developed Paytm Mall in 2016 to capitalize on the growing popularity of online shopping, and the firm was able to gather $500 million in a funding round headed by SoftBank and other investors, awarding it the title of a unicorn.

In July 2019, the firm collected $ 160 million in a new funding round headed by e-bay. According to the Hurun India Unicorn report, Paytm Mall's valuation likely to decline less than $1 billion in the next few years.

23/04/2022

Recently, Shark Tank India judge Namita Thapar revealed that she had invested in farmer Pandurang Taware’s startup and added how she regretted not doing so on Shark Tank India. The Emcure CFO took to Instagram to share the update.


https://shikshanews.com/namita-thapar-invests-in-farmer-pandurang-tawares-startup-jugaadu-kamlesh-also-reacts/

Recently, Shark Tank India judge Namita Thapar revealed that she had invested in farmer Pandurang Taware’s startup and added how she regretted not doing so on Shark Tank India. The Emcure CFO took to Instagram to share the update.

05/02/2022

Anupam Mittal revealed on LinkedIn that he has committed Rs. 5.4 Crs in 24 Cos, 70% are led by Youngpreneurs, 50% by Womenpreneurs & 30% in companies founded by Couples & Familes.

19/11/2021

Paytm’s Founder Vijay Shekhar Sharma Overwhelmed into Tears on IPO Launch


https://shikshanews.com/paytms-founder-vijay-shekhar-sharma-overwhelmed-into-tears-on-ipo-launch/

India's largest digital payment platform Paytm's founder, Vijay Shekhar Sharma was overwhelmed with tears on the day of the debut of the company in the stock market. Paytm which was founded by Vijay Shekhar Sharma in 2010 finally launched its IPO (Initial Public Offering) at Bombay Stock Exchange (B...

17/11/2021

Rakesh Jhunjhunwala’s Akasa Air Orders Seventy-Two Boeing 737 MAX for Whopping $9 Million


https://shikshanews.com/rakesh-jhunjhunwalas-akasa-air-orders-seventy-two-boeing-737-max-for-whopping-9-million/

The new dawn of elite-economic flying experience is here as Rakesh Jhunjhunwala’s Akasa Air ordered seventy-two Boeing 737 Max planes for a whopping $9 million cost.

11/11/2021

Beauty, cosmetics and apparel e-commerce giant Nykaa’s founder Falguni Nayar’s net worth jumped to $6.5 billion as she entered into the world’s richest club post the IPO of her startup. Mrs. Nayar owns about half of her own started venture Nykaa.

On November 10, the company was finally listed on the stock exchanges of the country with a blockbuster response The company’s shares surged as high as 89% the day it started trading.

Thanks to the massive surge, Nayar became the India’s richest self-made female billionaire. Shares of her company opened at Rs. 2,018 on Tuesday, giving a 79.4% premium as it was anticipated to fetch a price of Rs. 1,125.


https://shikshanews.com/nykaa-founder-falguni-nayar-net-worth-jumps-to-6-5-billion-enters-worlds-richest-club-post-ipo/

Beauty, cosmetics and apparel e-commerce giant Nykaa’s founder Falguni Nayar’s net worth jumped to $6.5 billion as she entered into the world’s richest club post the IPO of her startup.

21/10/2021

Reliance Industries Bought 52% Stakes in the Ritu Kumar’s Label


https://shikshanews.com/reliance-industries-bought-52-stakes-in-the-ritu-kumars-label/

After acquiring the stakes in Manish Malhotra’s MM style, Reliance Retail took a step forward to buy the majority of the Stake, accounting for 52% of the company.

21/10/2021

RBL Assents to Purchase 40% Stakes of Manish Malhotra’s Designer Label “MM Styles Private Ltd”


https://shikshanews.com/rbl-assents-to-purchase-40-stakes-of-manish-malhotras-designer-label-mm-styles-private-ltd/

On Friday, Reliance Brands Limited (RBL) which is a unit of Reliance Industries has made a huge announcement. They assented to purchase 40% minority stake of the famous celebrity designer Manish Malhotra’s designer brand “MM Styles Private Ltd.” According to sources it has been the first inves...

11/10/2021

The chairman of Reliance India Limited Mukesh Ambani joined Amazon’s Jeff Bezos and SpaceX’s Elon Musk in World’s prestigious $100 billion clubs, as per the Bloomberg Billionaires Index. RIL’s uninterrupted surge in the stock market, earnings in the telecom, digital, and retail companies, has aided his wealth accumulation.


https://shikshanews.com/mukesh-ambani-joins-jeff-bezos-elon-musk-in-worlds-elite-100b-club/

The chairman of Reliance India Limited Mukesh Ambani joined Amazon's Jeff Bezos and SpaceX's Elon Musk in World's prestigious $100 billion clubs, as per the Bloomberg Billionaires Index.

06/10/2021

Licious Becomes 30th Indian Unicorn from 2021, Raises $52 Million at $1 Billion Valuation



https://shikshanews.com/licious-becomes-30th-indian-unicorn-from-2021-raises-52-million-at-1-billion-valuation/

In news pertaining to thriving Indian startup ecosystem, Licious became 30th Indian unicorn by raising $52 million at $1 billion valuation. What makes the funding even more fascinating is that Licious is the one of the first D-2-C (direct to consumer) startups to acquire the unicorn status.

18/08/2021

Now Bitcoin Can be Used to Buy Pizza, Ice-cream and Coffee in India


https://shikshanews.com/now-bitcoin-can-be-used-to-buy-pizza-ice-cream-and-coffee-in-india/?utm_source=facebook&utm_medium=social&utm_campaign=EntShiksha

Surprisingly, Indians can now use Bitcoin to buy pizza, Ice-cream and coffee. Unocoin, India's crypto asset, and blockchain company is offering its users to purchase gift vouchers via Bitcoins. Unocoin traders can use the gift vouchers from 90 different brands, such as Domino's Pizza, Café Coffee D...

18/08/2021

After Defeating Netflix, Billionaire Richard Li’s Streaming Platform Viu Looks For Next Competition


https://shikshanews.com/after-defeating-netflix-billionaire-richard-lis-streaming-platform-viu-looks-for-next-competition/?utm_source=facebook&utm_medium=social&utm_campaign=EntShiksha

Billionaire Richard Li’s streaming business is hitting charts and is gaining popularity. Summing up its initial public offering after its platform Viu beat Netflix Inc in subscribers in one of Asia’s most competitive markets.

29/07/2021

Byju’s Anita Kishore: The Teacher Who Stands Strong Behind Global Acquisition of India’s Biggest Edtech Company


https://shikshanews.com/byjus-anita-kishore-the-teacher-who-stands-strong-behind-global-acquisition-of-indias-biggest-edtech-company/

Meet Byju’s Anita Kishore, the maths teacher and chief strategy officer who stood strong behind global acquisitions, managing investor relations, raising funds and framing strategies for India’s biggest Edtech Company. She can frequently be heard saying that teaching is what she started doing fi...

01/07/2021

India jumps to 10th position in Global Cybersecurity Index (GCI); Pak at 79, China at 33

https://shikshanews.com/india-jumps-to-10th-position-in-global-cybersecurity-index-gci-pak-at-79-china-at-33/

India jumped to 10th position in Global Cybersecurity Index (GCI) 2020, as per United Nation’s agency- International Telecommunication Union (ITU). In the list, GCI China is ranked at No.33 and Pakistan at No. 79.

01/07/2021

Deal Signed! Grofers to turn unicorn as Zomato invests $120 million

https://shikshanews.com/deal-signed-grofers-to-turn-unicorn-as-zomato-invests-120-million/

E-grocer Grofers has signed a deal with Zomato and Tiger Global to raise $120 million, and with this being said Grofers will soon turn unicorn. The new financing will value the start-up at a bit over $1 billion.

01/07/2021

Zuckerberg’s victory: Facebook is now a $1 trillion company that too in just 17 years!

https://shikshanews.com/zuckerbergs-victory-facebook-is-now-a-1-trillion-company-that-too-in-just-17-years/

Mark Zuckerberg-led Facebook now has now reached a market value of over $1 trillion. Remarkably, it has achieved this milestone faster than any other technology firm, the time being 17 years after the company’s establishment. This milestone was supported by the 4.2% rise in its share price on Mond...

31/05/2021

Billionaire ‘Shark Tank’ Investor Mark Cuban invests in Indian Blockchain Startup Polygon



https://shikshanews.com/billionaire-shark-tank-investor-mark-cuban-invests-in-indian-blockchain-startup-polygon/

Billionaire investor Mark Cuban, who’s seen in investing reality show Shark Tank, invested an undisclosed amount in an Indian Blockchain startup called Polygon.

28/05/2021

Paytm targets $3 billion IPO, most likely to be the largest ever debut for India

https://shikshanews.com/paytm-targets-3-billion-ipo-most-likely-to-be-the-largest-ever-debut-for-india/

According to a recent report, Paytm is targeting a $3 billion of IPO (Initial public offering), which is most likely to be the largest ever debut for India.

26/05/2021

We are the first Private Indian Company to test fire multiple rocket propulsion systems: Skyroot

According to Skyroot, they are focused on our first orbital release of Vikram 1 round mid-2022. Inside few years, they might paintings in opposition to constructing manufacturing capacity to reach a release cadence of 1 release per week. And also, they stated that they are the first Private Indian C...

21/05/2021

Snapchat’s Snap Inc achieves 100% carbon neutrality in new climate strategy



https://shikshanews.com/snapchats-snap-inc-achieves-100-carbon-neutrality-in-new-climate-strategy/?utm_source=facebook&utm_medium=social&utm_campaign=EntShk

Snapchat's Snap Inc. on 17th May announced about a climate strategy that is planning to reduce its greenhouse gas emissions, to profit off 100% renewable energy and they have possibly achieved carbon neutrality in once the new climate strategy gets implemented.

18/05/2021

Finance merchant platform Pine Labs valued around $3 Billion in a new fundraiser round


https://shikshanews.com/finance-merchant-platform-pine-labs-valued-around-3-billion-in-a-new-fundraiser-round/?utm_source=facebook&utm_medium=social&utm_campaign=EntShiksha

On Monday, Pine Labs, a finance merchant platform has completed the first round of a fundraiser at $3 billion valuation. The firm is also planning to expand its services and build and serve an online payments gateway.

13/05/2021

Bitcoin drops as Elon Musk takes a U-turn: Tesla to not accept Bitcoin as payment

Bitcoin drops as Elon Musk takes a U-turn: Tesla to not accept Bitcoin as payment Posted by Shiksha News | May 13, 2021 | Business | The price of the largest cryptocurrency in the world Bitcoin dropped as Elon Musk took a U Turn, announcing that Tesla will not accept bitcoin as payment. The move had...