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This man has scammed the Indian startup ecosystem 3 times
Inshorts
·
2m ago
Medial
Rahul Yadav has allegedly scammed the Indian startup ecosystem not once, but thrice through Housing.com, Broker Network & Kult App. Each venture saw massive funding, reckless spending, and abrupt collapse, leaving behind unpaid vendors, employees, and shattered trust. Industry voices now demand accountability, as his repeated exits highlight a dangerous pattern of ambition without responsibility.
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SC Stays Cheating Case Against Shaadi.com's Anupam Mittal
Inc42
·
1m ago
Medial
The Supreme Court has paused a criminal case against Anupam Mittal, founder of Shaadi.com. The case emerged from a complaint by a Hyderabad woman who alleged she was scammed by a man on the platform. Identified as Cherukuri Harsha, he allegedly used a fake profile with a politician’s image, posing as a groom. He deceived her into transferring over INR 10 lakh, citing false emergencies like frozen bank accounts, as reported by The Times of India.
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Times Internet veteran Gautam Sinha floats new AI startup to simplify contract management
Inc42
·
1y ago
Medial
Gautam Sinha, former CEO of Times Internet, has launched SimpleO.ai, an AI-powered startup that aims to simplify contract management for enterprises. Backed by investors including Satyan Gajwani of Times Internet and Sahil Barua of Delhivery, SimpleO uses generative AI to manage contract obligations, risks, audits, compliance, and governance for businesses. Sinha, who spent 15 years at Times Group, believes that simplifying contract lifecycles will contribute to the overall efficiency and success of organizations. This move adds to the growing trend of executives and founders launching new ventures in the Indian startup ecosystem.
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Tiger trail at Flipkart ends with $3.5 billion profits; fund sells remaining stake to Walmart
Economic Times
·
2y ago
Medial
Tiger Global's investment journey with Flipkart concludes with a profit of $3.5 billion, according to the Economic Times. The venture capital firm's successful exit showcases the significant gains it achieved through its investment in the Indian e-commerce giant. This positive outcome highlights the potential and growth of the startup ecosystem in India, attracting substantial returns for early investors like Tiger Global.
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Unicorns meet Piyush Goyal, plan to set up ‘startups club’ to raise issues
Economic Times
·
1y ago
Medial
Leaders from 54 unicorns in India, including Paytm, Zomato, and Flipkart, met with commerce and industry minister Piyush Goyal to discuss the growth of the Indian startup ecosystem. The meeting focused on the role of domestic capital, improving the startup ecosystem, and setting up a 'Startup Club of India'. The leaders raised issues related to company law, accessing capital in tier 3 cities, and tax concerns, with the minister being receptive to their suggestions. The goal is to build the number-one startup ecosystem in the world.
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From Critique to Collaboration: Piyush Goyal Engages Founders on India's Startup Future
OutlookIndia
·
3m ago
Medial
Union Commerce Minister Piyush Goyal engaged with startup founders, including OYO’s Ritesh Agarwal, to discuss India’s startup ecosystem, focusing on deeptech, policy frameworks, and expanding to smaller cities. This follows his earlier criticisms of Indian startups. Goyal emphasized government support through funds of funds and easing business operations for startups in Tier 2 and 3 cities. The Startup Policy Forum’s initiative, Startup Baithak, aims to create a roadmap for India’s startup growth, featuring prominent startup founders.
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Man scammed on dating app, forced to pay ₹22,000 restaurant bill in Pune
Livemint
·
1y ago
Medial
A man using the dating app Bumble was scammed into paying a restaurant bill of ₹22,000 in Pune. He shared the incident on social media, explaining that he had met his match at a bar in October. Unaware of the costs, he was surprised to find out that the hukka (water pipe) cost ₹10,000 and the wine bottle ₹15,000. His date threatened him by saying that if he didn't pay, the restaurant could damage his car. Fearing repercussions, he paid the hefty bill.
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Deepfakes and WhatsApp scam hit elderly as online frauds surge: How to stay safe
Livemint
·
9m ago
Medial
A 63-year-old man from Hyderabad was scammed out of ₹50 lakh ($67,210) after joining a fraudulent stock market scheme on a WhatsApp group. The victim joined the group, titled "Stock Discussion Group," which was administered by a person claiming to be a financial advisor. The fraudster lured the victim with promises of high returns, ultimately convincing him to invest ₹50 lakh through a fake financial service provider. The incident underscores the vulnerability of the elderly to online scams and highlights the need for increased caution and awareness.
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India needs VC investors who don't have victim mentality: Ashneer
Inshorts
·
2y ago
Medial
Ashneer Grover has outlined the essential traits that venture capital (VC) investors should possess to facilitate the growth of the Indian startup ecosystem. Grover emphasized the importance of experience in dealing with market fluctuations, having conviction during challenging times, and maintaining an independent perspective without adopting a victim mindset. Additionally, he advised VC investors to align their actions with the scale of investments they handle.
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$100 million deals back on table: Resurgence after reset, speakers agree at the Indian VC ecosystem panel at ET Soonicorns Summit 2024
Economic Times
·
10m ago
Medial
The Indian startup ecosystem is experiencing a resurgence, with several new unicorns emerging and early-stage funding becoming more available. The Venture Capital (VC) ecosystem has rebounded from a funding winter, with a 45% increase in H1 2024 compared to H2 2023. Panellists at the ET Soonicorns Summit highlighted driving factors for this resurgence, including IPOs providing liquidity, reduced risk aversion in entrepreneurship, and increased domestic and global capital flow. The Indian economy's positive performance has had a rub-off effect on the startup ecosystem, with entrepreneurs realizing the sky is not falling.
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Kerala startup ecosystem valued at $1.7 billion: Study
Internet
·
1y ago
Medial
According to a recent study, Kerala created a startup ecosystem valued at $1.7 billion in 18 months till the end of 2023, which is five times more than the global average during the period. Ecosystem value is a measure of economic impact, calculated as the value of exits and startup valuations.
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