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Soaring stock prices mint super rich founders
Entrackr
·
1y ago
Medial
The rise in the market cap of Zomato, Policybazaar, MamaEarth, EaseMyTrip, TBO, and Ixigo has laid out a promising future for Indian startups aspiring to go public. This phenomenon has also helped create fortunes for shareholders, retail investors, and founders alike. Most recently, Zomato co-founder Deepinder Goyal checked into the billionaire club with his food tech company crossing the market cap of Rs 2,00,000 crore or $24 billion. Entrackr in collaboration with startup data intelligence platform TheKredible dives deeper into the holdings of startup founders, and their respective (current) worth. We are focusing on founders who have taken their startups public in India. At the top are Nykaa’s Falguni Nayar and her family (including trusts) as they command over 50% of the company. The collective worth of their holding is over $3.25 billion. Veteran entrepreneur and investor Sanjeev Bikhchandani comes next with his shares (via Info Edge) reaching $3.24 billion. Info Edge is an early investor in Zomato and Policybazaar, ShopKirana, Sploot, and Skylark Drones. ALSO READ: No hurry to sell, indefinite horizon on Zomato holding: Sanjeev Bikhchandani Zomato’s founder and CEO, Deepinder Goyal, joined the billionaire club as the value of his stock ownership surpassed $1 billion. Rashmi and Rakesh Verma, founders of MapMyIndia, have holdings valued at $830 million followed by Mamaearth duo Varun and Ghazal Alagh at $657 million. Despite the bumpy ride after its public offering and recent regulatory jolts, Paytm’s Vijay Shekhar Sharma currently holds stocks worth $319 million, while PolicyBazaar’s Alok Bansal’s holding is valued at $129 million. Ixigo, recently listed and now a unicorn, has seen its founders Aloke Bajpai and Rajnish Kumar create a combined value of $81.5 million. While net worth numbers based on the public value of holdings in their own firms is one figure, it’s important to note that almost all the founders mentioned here and many who are yet to go public, their personal net worth is well beyond just the value of their stake in their own firm. Liberalization has been particularly generous when it comes to founder compensations and options in the past decade, which has allowed many professionals and non-founders also to benefit. We have also observed the phenomenon of loss making startup founders investing in a parallel portfolio of other startups, many of which have delivered handsome returns as well. In a market awash with liquidity driven asset prices, one can only hope that the new status as acknowledged multi millionaires or billionaires doesn’t lead to the kind of visible excesses that can turn public opinion in the wrong direction. ‘Self made’ startup founders have an obligation to give back, be seen as giving back, and most importantly perhaps, set an example in how they do it better.
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Nvidia: May be millionaires, but work long hours, under ’pressure cooker’ stress | Mint
Livemint
·
11m ago
Medial
Nvidia employees, despite becoming millionaires due to the company's soaring stock prices, have spoken out about the high stress, long hours, and intense working conditions they face. The chip making giant, led by CEO Jensen Huang, has reportedly created a "culture problem" with expectations of overworking and scrappiness. Employees describe a "pressure cooker" environment, with fights during company meetings. Although Huang is praised on job-related social network Glassdoor, some former employees warn that his management style promotes competition rather than cooperation. Huang states he rarely fires people but instead focuses on helping them improve.
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D2C Insider hosts first Super Angels Founders Day in Gurugram
Entrackr
·
2m ago
Medial
D2C Insider, a community for direct-to-consumer (D2C) startups, held its first Super Angels Founders Day at UrbanWrk, Gurugram. The event brought together founders of portfolio companies, investors from the Super Angels Fund, and others from the D2C ecosystem. The event focused on the progress of Super Angels Fund I, a Rs 25 crore fund launched in the previous year. Founders from companies such as Assembly, Basil, Business on Bot, Crest, Divine Hindu, Futwork, GoOat, Pikndel, Snackible, Samosa Party, Solved Skin, and Steam Pro shared business updates and engaged with their early-stage investors. Among the investors who attended were Rohit Bansal (Snapdeal), Hitesh Dhingra (The Man Company), Sumit Baid (KeraGain), Atul Bhakta (One World Group), Mohit Garg (Assembly), along with others. A session titled “The Operator Capital Revolution” featured Rohit Bansal and Hitesh Dhingra in conversation with Abhishek Shah of D2C Insider. They discussed communication between founders and investors and the role of experienced founders in supporting newer ones. Another discussion, “From Guts to Graphs,” brought together both investors and founders to examine startup evaluation and the fundraising experience from both perspectives. D2C Insider provides funding and support to early-stage D2C startups and has a network of over 10,000 founders. The Super Angels Fund, introduced in October last year, focuses on investments in consumer-focused startups.
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India’s trade gap narrows to $20.7 billion as cheaper oil, sluggish gold imports ease June deficit
Economic Times
·
18d ago
Medial
India's merchandise trade deficit narrowed to $20.7 billion in June 2025, down from $21.9 billion in May, due to declining crude prices, decreased gold imports, and a diversified sourcing strategy. Russian and US oil imports rose, while traditional suppliers decreased. India's petroleum product exports dropped by nearly 10%. Gold imports decreased due to soaring prices, while coal imports remained stable. Trade measures included anti-dumping duties and import restrictions. Future trade deficits depend on global commodity price trends.
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Zomato CEO Deepinder Goyal is not Gurugram’s richest person. Check out who it is | Mint
Livemint
·
10m ago
Medial
Zomato CEO Deepinder Goyal is not the richest man in Gurugram as per the Hurun India Rich List 2024. Nirmal Kumar Minda, chairman of UNO Minda, holds the title with a net worth of ₹30,800 crore. Goyal, with a net worth of ₹9,300 crore, is the second richest person in the city. Other notable names on the list include Varun and Ghazal Alagh, founders of Honasa Consumer Ltd, with an estimated net worth of ₹5,900 crore through their brand Mamaearth.
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America's largest power grid is struggling to meet demand from AI - The Economic Times
Economic Times
·
22d ago
Medial
America’s largest power grid, PJM, is struggling to meet growing demand due to rising data center and AI power needs, outpacing new power plant construction. Electricity prices are soaring, causing political and regulatory issues, with Pennsylvania threatening to exit the grid. Although reforms are underway, delays persist. PJM is under pressure to fast-track new power projects and manage expenses, while operational disruptions and potential blackouts loom.
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Magnificent Seven set to shed $1 trillion in value, led by Apple, Nvidia
Economic Times
·
12m ago
Medial
Apple and Nvidia led a sell-off in technology stocks on Monday as fears of a U.S. recession and Berkshire Hathaway cutting its stake in Apple weighed on the sector. Shares of Alphabet, Amazon, Meta Platforms, Microsoft, and Tesla also fell. Chip stocks, including Advanced Micro Devices, Intel, Super Micro Computer, and Broadcom, also saw significant declines. The slide in stock prices was influenced by a weak U.S. payrolls report and concerns about the tech industry's outlook. Additionally, reports of design flaws potentially delaying the launch of Nvidia's AI chips impacted the company's shares.
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Temu ditches Chinese imports model to avoid Trump’s tariffs
Economic Times
·
3m ago
Medial
Temu is shifting from a model based on cheap Chinese imports to focusing on local U.S. merchants to avoid tariffs imposed by the Trump administration. This move to a "local fulfillment" model aims to maintain competitive prices for American consumers while circumventing high import taxes. The strategy aligns with improving service levels and supporting local businesses. This shift reflects broader challenges faced by retailers like Shein and Alibaba with soaring import taxes and tariff changes.
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Hunt for 'next Nvidia' draws options traders to Arm's soaring stock
Economic Times
·
1y ago
Medial
The soaring stock price of Arm Holdings, driven by strong demand for its technology in designing chips for artificial intelligence features, has attracted options traders looking for the "next Nvidia." Volume in Arm options has surged, with investors positioning for further gains after the stock nearly doubled in price within a week. Arm's rise has been compared to Nvidia, which has seen a 220% increase over the past year. Call options on Arm shares rising above $185 by Friday were the most actively traded, suggesting bullish sentiment.
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Fortunes of startup founders swing with stock prices in past 12-14 months
Economic Times
·
1y ago
Medial
The article discusses the fluctuating worth of startup founders based on the stock prices of their companies. While most founders hold minority stakes in their firms, Nykaa's promoters own over 52% of the company. Zomato's founder, Deepinder Goyal, has seen his stake's value rise significantly, driven by the company's profitability and growth of its quick-commerce arm, Blinkit. Meanwhile, Paytm's founder, Vijay Shekhar Sharma, has experienced a decline in the value of his stake due to regulatory actions against Paytm Payments Bank. Policybazaar's founders have witnessed a rise in the value of their stakes as the company achieved its first quarterly profit. The article also mentions the performance of FSN E-commerce (Nykaa's parent company) and Delhivery in the ecommerce industry.
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Ex-Paytm Money CEO’s Raise Fintech Turns Profitable In FY23, Posts PAT Of INR 7.16 Cr
Inc42
·
1y ago
Medial
Raise Financial Services, a stock broking firm founded in 2021, turned its net loss of INR 2.78 Cr in FY22 into a net profit of INR 7.16 Cr in FY23. The company witnessed a significant increase in operating revenue, soaring from INR 82.14 Lakh in FY22 to INR 20.74 Cr in FY23. Raise Financial Services primarily serves users in Tier I and II cities in India.
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