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The 60-40 rule that shaped Bewakoof’s founder’s thinking

Inshorts · 7m ago

The 60-40 rule that shaped Bewakoof’s founder’s thinking

Bewakoof.com founder Prabhkiran Singh reflects on the 60-40 rule, a simple yet powerful philosophy that changed how he views business relationships. Inspired by NVIDIA’s Jensen Huang, the idea of “rough justice” helped him prioritise long-term fairness over short-term wins, offering a lesson in trust, growth, and sustainable partnerships for entrepreneurs navigating the startup world.

Related News

'We could’ve built WhatsApp’: Sabeer Bhatia says India’s babus killed bigger ideas

Business Today

Business Today · 6m ago

'We could’ve built WhatsApp’: Sabeer Bhatia says India’s babus killed bigger ideas

Sabeer Bhatia, Hotmail co-founder, criticized India's startup ecosystem for stifling innovation due to bureaucratic inflexibility and a risk-averse culture. He noted that these issues prevent groundbreaking ideas, like something bigger than WhatsApp, from emerging. Bhatia condemned the education system for lacking critical thinking focus, criticized the startup playbook for hindering real innovation, and highlighted cultural problems that prioritize rule enforcement over creativity. He emphasized India's need for new thinking and genuine purpose-driven entrepreneurship.

Rule of 72, withdrawal rule of 4% & more: 7 personal finance rules that help you in building wealth - The Economic Times

Economic Times

Economic Times · 1m ago

Rule of 72, withdrawal rule of 4% & more: 7 personal finance rules that help you in building wealth - The Economic Times

The article outlines seven essential personal finance rules to help individuals achieve financial stability and growth. These include the Rule of 72 for doubling investments, the 4% withdrawal rule for retirement savings, the 50-30-20 income allocation rule, the 100 minus age rule for equity exposure, the 40% EMI rule for borrowing limits, the 10X income life insurance rule, and the 3X emergency fund rule. These guidelines provide a simplified approach to financial planning and security.

D2C brand Bewakoof’s loss halves to INR 12.7 Cr in FY23, sales dip 8%

Inc42 · 1y ago

D2C brand Bewakoof, owned by Aditya Birla Group’s TMRW, managed to reduce its loss by almost 60% in FY23, reporting a net loss of INR 12.7 Cr. However, its operating revenue dipped 8% to INR 147.1 Cr. The startup's other income surged 64% to INR 82 Cr, contributing to the decline in net loss. Total expenditure remained almost flat at INR 241.8 Cr, with the highest amount spent on procurement of finished goods. Aditya Birla Group's TMRW invested INR 200 Cr in Bewakoof to acquire a majority stake in the startup.

ETtech Deals Digest: Startups raise $848 million in April so far; down 27% on-year

Economic Times

Economic Times · 6m ago

ETtech Deals Digest: Startups raise $848 million in April so far; down 27% on-year

Startups raised approximately $848.3 million in funding from April 1 to 25, a 27.2% decrease from the same period last year, which saw $1.1 billion raised across 116 rounds. In April 2025, 86 funding rounds were recorded. Key deals included GreenLine's $275 million for green logistics, Juspay's $60 million led by Kedaara Capital, Tessell's $60 million Series B round led by WestBridge Capital, Scapia's $40 million, and Infinity Fincorp's $40 million Series A extension.

How digital lending SaaS startup Cloudbankin is streamlining loan disbursal for banks and NBFCS

YourStory

YourStory · 1y ago

How digital lending SaaS startup Cloudbankin is streamlining loan disbursal for banks and NBFCS

Cloudbankin, a Chennai-based software firm, has developed lending software that enables unsecured loan approvals in less than ten minutes. The software automates the entire lending process using integrated APIs and provides an easy onboarding experience, enabling loans under Rs 2 lakh to be disbursed quickly. Cloudbankin offers a loan origination and management software along with a range of tools such as a business rule engine, accounting system, and customer self-servicing app. The platform relies on AI and machine learning for decision-making and has witnessed a 60% annual growth rate.

Bewakoof’s growth struggles continue in FY25, but losses narrow

Entrackr

Entrackr · 1d ago

Bewakoof’s growth struggles continue in FY25, but losses narrow

Fintrackr All Stories Bewakoof’s growth struggles continue in FY25, but losses narrow Bewakoof, the D2C fashion and lifestyle brand, is still working to regain its pre-pandemic scale. The company had crossed Rs 200 crore in revenue in FY20 and reported Rs 173 crore in FY25 while narrowing its losses through cost optimization. Bewakoof’s operating revenue grew 7.5% to Rs 173 crore in the fiscal year ending March 2025 from Rs 161 crore in FY24, according to its financial statements filed with the Registrar of Companies (RoC). Bewakoof recorded gross sales of Rs 264 crore in FY25, against which it booked sales returns worth Rs 67 crore, translating to a return rate of around 25%. This marks an improvement from FY24, when the return rate stood at approximately 30%, indicating better inventory management and product acceptance among customers. The company’s largest cost component was the cost of procurement of products, which remained flat at Rs 87 crore, forming 35% of the total expenditure. Notably, employee benefit expenses dropped 39.5% to Rs 26 crore in FY25. Expenses rose slightly by 4% to Rs 49 crore, while transportation and handling charges grew 13% to Rs 35 crore. Overall, total costs declined 6.4% to Rs 248 crore in FY25 from Rs 265 crore in FY24. With controlled spending, Bewakoof’s losses reduced by 29% to Rs 73 crore in FY25 from Rs 103 crore in FY24. Its ROCE and EBITDA margin stood at -97.10% and -35.26%, respectively. On a unit level, Bewakoof spent Rs 1.43 to earn a rupee of revenue in FY25, an improvement from Rs 1.65 a year earlier. The company’s current assets stood at Rs 85 crore, including cash and bank balances worth Rs 18 lacs and inventory worth Rs 61 crore in FY25. Bewakoof is acquired by Aditya Birla Digital Fashion Ventures, which owns 86% of the company. The company’s founder and CEO, Prabhkiran Singh, owns 12.5% of the company.

Smartphone users, this is the most 'dangerous' SMS that most people lose money to

Startup News FYI

Startup News FYI · 1y ago

Smartphone users, this is the most 'dangerous' SMS that most people lose money to

McAfee's Global Scam Message Study found that Indians receive 12 fake messages or scams per day, spending 1.8 hours weekly identifying them. Shockingly, 82% have fallen for fake messages, with fake job notifications and bank alert messages being common tricks. The study revealed that 60% find it harder to identify scam messages due to hackers using AI to make them more believable. Indians spend 105 minutes per week verifying messages, and 88% trust AI to detect online scams. To protect against scam messages, experts recommend thinking before clicking, being cautious if it seems too good to be true, and using scam protection software.

US Treasury finalizes new crypto tax reporting rules

Economic Times

Economic Times · 1y ago

US Treasury finalizes new crypto tax reporting rules

The U.S. Treasury Department has issued a rule that will require cryptocurrency brokers to report user information on digital asset sales and exchanges to the Internal Revenue Service. The new regulations are aimed at ensuring that crypto users are paying their taxes and are expected to generate $28 billion in revenue over a decade. The rule will be phased in from next year and brings tax requirements for cryptocurrencies in line with existing reporting requirements for other financial instruments. The rule also includes a $10,000 threshold for reporting transactions involving stablecoins.

ICAI to limit individual tax audits by chartered accountants to 60 annually from 2026-27

Economic Times

Economic Times · 4m ago

ICAI to limit individual tax audits by chartered accountants to 60 annually from 2026-27

The Institute of Chartered Accountants of India (ICAI) will restrict chartered accountants to conducting a maximum of 60 tax audits annually from April 1, 2026. This rule applies both individually and as firm partners. The move aims to curb malpractices, with mechanisms like the Unique Document Identification Number (UDIN) enhancing accountability. ICAI's efforts also include expanding global outreach through proposed overseas networking guidelines, fostering larger, globally competitive domestic firms.

Wanted to retire at 40, Citrus sale busted my myths: Pine Labs CEO

YouTube · 1y ago

Wanted to retire at 40, Citrus sale busted my myths: Pine Labs CEO

Pine Labs CEO Amrish Rau said he wished to retire at the age of 40 as both his parents worked for government and he had a hustle in him. "When I sold [Citrus]...my thinking process was, 'I don't need to work...ever in life,'" he said. Citrus' sale busted a few myths of mine, he added on an episode of 'Moonshot'.

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