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On average, male founders earned eight times their female peers in FY23, according to a PrivateCircle research on 114 Indian unicorns. The report also showed that male founders took home a median of Rs 1.8 crore, while their female counterparts earned just Rs 1 crore. This gap extends beyond salaries, with a shocking 57 unicorns having zero women on their boards WHERE THE MONEY FLOWS Founders of media and entertainment unicorns were the highest paid in FY23, with a median salary of Rs 3.5 crore. This is followed by logistics unicorns at Rs 1.9 crore and edtech firms at Rs 1.6 crore. Meanwhile, Supam Maheshwari, CEO of FirstCry, earned the highest remuneration in FY23 at Rs 200.7 crore. This hefty sum also single-handedly inflated Pune's average founder salary to a staggering Rs 20 crore
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MUST READ Unicorn startups displayed a vast gender pay gap in their founder salaries with on average female founders taking home Rs 1.1 crore against Rs 8.5 crore given to their male counterparts, according to a report by PrivateCircle Research.
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Slice CEO Rajan Bajaj received just Rs 12 in salary as losses grew nearly 60% in FY23: Report โข Rajan Bajaj, the founder and CEO of fintech unicorn Slice, received a salary of just Rs 12 in FY23. โข In contrast, FirstCry CEO Supam Maheshwari receive
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๐คฏFounders with Highest salary in India. --โญSupam Maheshwari (FirstCry) received an annual salary of โน103.8 crore in FY24. This marks a significant decrease from his โน200.7 crore salary in FY23. --โญNithin Kamath (Zerodha) Co-founder of the broker
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๐คฏ ITC ๐ฅ ITC paid over Rs 1 crore annual salary to 350 employees in the financial year 2023-24 (FY24), the company said in its annual report. This is 68 more employees than the 282 employees who received over Rs 1 crore salary in the financial ye
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Newly-listed online travel ticket booking platform ixigo has reported a significant 212% increase in net profit, rising from Rs 23.4 crore in FY23 to Rs 73.1 crore in FY24. The company's operating revenue also grew by 31% during the same period, fr
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Women Entrepreneurs: Outperforming Despite Funding Gaps Women face significant funding disparities. Globally, women's startup rose from 6.1% (2001) to 10.4% (2023). In India, ~73,151 startups have at least one woman director. However, only 14.1% of t
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