🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

Corporate Governance issue wake-up call for startups; saddening to see any lapses: Bombay Shaving Company CEO

Economic Times

Economic Times · 1y ago

Corporate Governance issue wake-up call for startups; saddening to see any lapses: Bombay Shaving Company CEO

Corporate governance should be a collective responsibility involving all stakeholders in a startup, according to Shantanu Deshpande, the founder of Bombay Shaving Company. He highlighted that any lapses are concerning for the ecosystem and stressed the need to fix corporate governance issues. Deshpande noted that good companies will still attract funding, though valuations might be more cautious. He urged entrepreneurs to focus on company health and capital conservation during the funding winter, which could lead to positive habits.

Related News

Meltdown at Byju’s should end the free pass for startups

Money Control

Money Control · 2y ago

Meltdown at Byju’s should end the free pass for startups

A recent opinion piece highlights the need to reevaluate the lenient treatment of startups in light of the crisis faced by BYJU'S. The article argues that the corporate governance lapses, board member resignations, and financial irregularities at BYJU'S should serve as a wake-up call to end the "free pass" given to startups, emphasizing the importance of holding them accountable for their actions and ensuring transparency in their operations.

Byju’s CFO was tasked with changing auditor amid deteriorating ties with Deloitte, sources say

Money Control

Money Control · 2y ago

Byju’s CFO was tasked with changing auditor amid deteriorating ties with Deloitte, sources say

According to sources, the CFO of BYJU'S, India's prominent edtech startup, was allegedly given the responsibility of changing the company's auditor. This development comes in the wake of recent corporate governance lapses at BYJU'S, including the resignation of Deloitte Haskins & Sells as the auditor. The Ministry of Corporate Affairs is reportedly examining these governance issues. While an auditor stepping down is a red flag for a company, Deloitte’s resignation was in the works after relations broke down between the big four audit giant and Byju’s.

Governance in Indian startups needs to improve, more independent directors needed: Flipkart CEO Kalyan Krishnamurthy

Money Control

Money Control · 1y ago

Governance in Indian startups needs to improve, more independent directors needed: Flipkart CEO Kalyan Krishnamurthy

Flipkart Group CEO Kalyan Krishnamurthy highlighted the need for improved governance in Indian startups and stressed the importance of having more independent directors on company boards. He emphasized the need for compliance, code of conduct, and faster evolution of these aspects. Krishnamurthy mentioned that having independent directors can help address governance issues in startups and facilitate asking tough questions. He also noted that the presence of independent board members can reassure investors during due diligence. The call for better governance comes amidst a funding slowdown and several governance lapses in the startup ecosystem.

Paytm-parent One 97 gets cautionary notices over disclosure delay

Inshorts · 4m ago

Paytm-parent One 97 gets cautionary notices over disclosure delay

Paytm-parent One 97 Communications received notices from the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) over its delay in disclosing the schedule for its earnings call. The notices are related to Paytm's May 22, 2024 earnings call for FY24. Meanwhile, Paytm confirmed that it has taken corrective measures to avoid such lapses in the future.

BluSmart-Azure: A tale of two corporate governance lapses and a common link

VCCircle

VCCircle · 3m ago

BluSmart-Azure: A tale of two corporate governance lapses and a common link

Brothers Puneet Singh Jaggi and Anmol Singh Jaggi, co-founders of BluSmart Mobility Pvt Ltd and Gensol Engineering Ltd, are under regulatory scrutiny and a multi-agency investigation. They face allegations of misappropriation of funds and money laundering, with a possible common connection to another corporate scandal. The case highlights significant corporate governance lapses in their operations, raising concerns about their business practices and overall transparency.

Govt starts probe into BYJU'S over alleged fund diversion: Report

Inshorts · 8m ago

Govt starts probe into BYJU'S over alleged fund diversion: Report

The government has launched a fresh probe into financing and accounting practices at BYJU'S, Bloomberg reported. The Registrar of Companies' regional office in Hyderabad has been given one year to investigate BYJU'S books to check for possible misreporting of financial statements or fund diversions. An earlier probe found corporate governance lapses at the startup.

Minimalist will not survive after HUL acquisition, says Bombay Shaving Company CEO

Internet

Internet · 16d ago

Minimalist will not survive after HUL acquisition, says Bombay Shaving Company CEO

Shantanu Deshpande, CEO of Bombay Shaving Company, expressed doubts about skincare brand Minimalist's survival after being acquired by Hindustan Unilever (HUL). He cited challenges of founder exits and post-acquisition integration as potential hurdles. Despite Minimalist's Rs 3,000 crore valuation and HUL's stake acquisition, Deshpande believes competition might exploit the transition. The acquisition debate reflects concerns over the ability of acquired startups to sustain momentum, especially amidst leadership changes at firms like HUL.

Post Byju’s, investors worried about governance at startups: GSV Ventures MD Deborah Quazzo

Economic Times

Economic Times · 1y ago

Post Byju’s, investors worried about governance at startups: GSV Ventures MD Deborah Quazzo

Deborah Quazzo, managing partner of edtech investor GSV Ventures, expressed concerns about governance among Indian startups, citing recent developments around troubled edtech firm Byju's. Quazzo mentioned that the edtech sector is challenging to make profitable and faces regulatory friction. She also emphasized the need for transparency and governance from both investors and startups. Byju's, valued at $22 billion, has faced criticism for corporate governance issues and is aiming to raise $200 million in a rights issue. Quazzo also discussed potential consolidation in the edtech space and highlighted the B2B K-12 segment as an opportunity for growth in India's edtech market.

Founders Vs VCs: The Race To Reset

Inc42 · 1y ago

Founders Vs VCs: The Race To Reset

The article discusses the struggle between founders and investors in the Indian startup ecosystem, with both parties vying to reach the "reset button" first. Many founders have stepped down from their companies, either voluntarily or due to investor pressure, as the business outgrows their leadership or corporate governance lapses occur. While this turnover can be seen as a natural evolution of startups, it can also lead to conflicts and ugly situations. However, the article also highlights the positive aspect of founders starting anew, promoting continuity of innovation in the ecosystem.

Consolidation wave: edtech learning theory of survival of the fittest

Economic Times

Economic Times · 1y ago

Consolidation wave: edtech learning theory of survival of the fittest

Several Indian edtech startups have been acquired recently as the industry faces funding challenges and consolidation. Adda247 acquired test prep firm Ekagrata Eduserv, Schoolnet acquired Genius Teacher, Allen Career Institute acquired Doubtnut, and Happiest Minds took over Macmillan Learning India. Smaller companies with unique propositions and specialization in niche categories are being acquired due to favorable valuations. The funding in India's edtech sector has seen a decline over the past year, leading to a need for consolidation. The sector is also facing scrutiny following allegations of corporate governance lapses at Byju's.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

June 2025

Helping your parents when you are miles away

The Pit Stop Your Cravings Deserve

The next generation E-commerce platform

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

Download the medial app to read full posts, comements and news.