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VC-backed LoanTap's co-founder Vikas Kumar dies in accident

VCCircle

VCCircle · 3m ago

VC-backed LoanTap's co-founder Vikas Kumar dies in accident

Vikas Kumar, co-founder and CTO of LoanTap, tragically died in an accident in Bengaluru. He co-founded LoanTap Financial Technologies in 2016 alongside Satyam Kumar, its current CEO. The fintech company, backed by venture capital firms like 3one4 Capital and Kae Capital, offers personal and MSME loans. Vikas previously co-founded Brainvisa and SME Networks, showcasing a successful entrepreneurial journey. His unexpected passing underscores a series of recent untimely losses in the startup community.

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upGrad’s Mayank Kumar quits as edtech consortium chairperson, PhysicsWallah's Maheshwari to take over

Money Control

Money Control · 1y ago

upGrad’s Mayank Kumar quits as edtech consortium chairperson, PhysicsWallah's Maheshwari to take over

Mayank Kumar, the co-founder and managing director of upGrad, is stepping down from his role as the chairperson of the India Edtech Consortium (IEC), a self-regulatory body aimed at resolving consumer complaints in the edtech industry. Kumar cited a desire to focus more on operations at upGrad as the reason for his decision. Prateek Maheshwari, co-founder of PhysicsWallah, will replace Kumar as the chairperson. The IEC was formed in 2022 and claims to represent 95% of the Indian learner community.

Adobe's co-founder John Warnock dies at 82

Livemint

Livemint · 1y ago

Adobe's co-founder John Warnock dies at 82

John Warnock, Adobe co-founder, passed away at 82. A technology visionary, he co-founded Adobe in 1982, contributing to revolutionary desktop publishing with Adobe PostScript. He received awards including the National Medal of Technology and Innovation, leaving a lasting impact on the industry. His collaboration with Charles Geschke pioneered creativity and innovation.

Former Practo, Unacademy exec foraying into elder care with new venture

VCCircle

VCCircle · 11m ago

Former Practo, Unacademy exec foraying into elder care with new venture

Vikas Kumar, a former executive at Practo and Unacademy, is set to enter the elder care and wellness industry with a new venture in India. Kumar, who was a founding team member at Practo and served as Chief Business Officer at Unacademy, left the edtech unicorn in June. His new venture aims to cater to the needs of the elderly in India.

Table Space co-founder Amit Banerji dies of cardiac arrest

VCCircle

VCCircle · 7m ago

Table Space co-founder Amit Banerji dies of cardiac arrest

Amit Banerji, co-founder, chairman, and CEO of Table Space, a managed workspace provider, passed away at 44 due to a cardiac arrest. Based in Bengaluru, Banerji co-launched Table Space in 2017 after a 13-year tenure at Accenture. Under his leadership, Table Space was targeting a $2.5 billion IPO by 2025. The company has raised $330 million to date and reported significant revenue growth. Banerji's death marks another significant loss among startup founders.

CaratLane co-founder Avnish Anand joins Singularity to lead consumer investments

VCCircle

VCCircle · 6m ago

CaratLane co-founder Avnish Anand joins Singularity to lead consumer investments

Avnish Anand, co-founder of CaratLane, has joined Singularity Ventures as a partner to lead consumer investments. At Singularity, Anand will focus on building and expanding the firm's consumer portfolio. The private equity firm, backed by investor Madhusudan Kela, appointed Anand due to his expertise in consumer-centric branding. Singularity, founded in 2021, aims to raise a total corpus of Rs 1,500 crores. Additionally, former defence secretary Ajay Kumar has joined as a senior advisor for investments in transformative sectors.

Oura has sued many emerging companies, says Ultrahuman's Mohit Kumar

Economic Times

Economic Times · 1y ago

Oura has sued many emerging companies, says Ultrahuman's Mohit Kumar

Finnish wearables startup Oura Health has filed a lawsuit against Ultrahuman for patent and copyright violations. Ultrahuman's co-founder, Mohit Kumar, responded by stating that Oura Health has a history of being litigious and has sued many emerging companies in the wearables space. Kumar also mentioned that Ultrahuman welcomes competition and is confident in their ability to control design and manufacturing processes.

Mayank Kumar, Co-founder upGrad, on what really matters in the journey from idea to impact:

Economic Times

Economic Times · 9d ago

Mayank Kumar, Co-founder upGrad, on what really matters in the journey from idea to impact:

Mayank Kumar, Co-founder and MD of upGrad, shared insights on achieving success from an idea to impactful outcomes. His session emphasized strategic scaling with purpose, providing valuable lessons for entrepreneurs and startups.

Ex-defence secretary Ajay Kumar joins VC play with early-stage fund

Economic Times

Economic Times · 1y ago

Ex-defence secretary Ajay Kumar joins VC play with early-stage fund

Ajay Kumar, former defence secretary of India, has launched Mounttech Growth Fund, a venture capital firm focusing on early-stage startups in defence, aerospace, and deeptech sectors. The fund, valued at Rs 250 crore, has received subscriptions worth Rs 280 crore and plans to raise an additional Rs 250 crore. The fund's first scheme, called Kavach, is backed by Suryakant Dalmia and includes retired armed forces officers as advisors. Kumar aims to tap into the opportunities created by the government's iDEX program and forge partnerships with venture capital firms and academic institutions.

MyGate rejigs senior leadership, elevates Abhishek Kumar as CEO

Economic Times

Economic Times · 1y ago

MyGate rejigs senior leadership, elevates Abhishek Kumar as CEO

Housing society management app MyGate has announced changes to its management team. Abhishek Kumar, co-founder and former COO, has been promoted to CEO, while co-founder Vijay Arisetty has become the Chairman of the Board. The company has stated that Arisetty will provide strategic guidance and mentorship to the leadership team. Shreyans Daga, co-founder and CTO, will expand his role to oversee product, technology, and new business initiatives. Rohit Jindal, who joined the company in 2017, has been promoted to Chief Business Officer. MyGate reported revenue of over Rs 100 crore in FY24, primarily from subscriptions and advertising partnerships.

Samunnati appoints former Unilever exec Badri Narayanan as group CEO

VCCircle

VCCircle · 7m ago

Samunnati appoints former Unilever exec Badri Narayanan as group CEO

Samunnati Financial Intermediation Services has appointed Badri Narayanan, a former Unilever executive, as its new group CEO. Narayanan, with over 24 years of experience at Unilever, will succeed Anil Kumar SG, the company’s founder and current CEO. Kumar will now serve as managing director. Samunnati, which supports smallholder farmers, is backed by Accel and Elevar Equity. The company saw a net profit of Rs 21 crore in the financial year ending March 2024.

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