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India

A collection of 56 posts

Venture ambition gets a dose of realism 💁‍♀️
Issues

Venture ambition gets a dose of realism 💁‍♀️

Another unicorn has found itself on the wrong side of the law. India’s income-tax department is sniffing around [https://techcrunch.com/2022/03/20/india-tax-department-probe-into-infra-market-finds-bogus-purchases-undisclosed-income/] for misappropriation of funds and lack of reporting at unicorn venture Infra.Market — which runs a construction focused B2B-marketplace [https://infra.market/]. Details are

Mota bhai gave Amazon a business lesson 🤡
India

Mota bhai gave Amazon a business lesson 🤡

What’s poppin’ — the prolonged Future Retail and Reliance saga has reached an interesting turn, where the cash-strapped Future is now accusing its savior Reliance [https://www.livemint.com/companies/news/future-says-reliance-s-takeover-of-stores-came-as-a-surprise-pledges-action-11647428639195.html] of forcibly taking control of thousands of its stores, vowing to take them back. Some context: Future

Bansal’s 2nd venture is ready to IPO🥳
India

Bansal’s 2nd venture is ready to IPO🥳

What’s poppin’ — Navi Technologies, the latest startup founded by Sachin Bansal barely 4 years ago, [https://economictimes.indiatimes.com/tech/startups/sachin-bansals-navi-to-file-for-rs-4000-crore-ipo-this-week/articleshow/90052042.cms] is ready to hit the street [https://economictimes.indiatimes.com/tech/startups/sachin-bansals-navi-to-file-for-rs-4000-crore-ipo-this-week/articleshow/90052042.cms] — planning on filing its papers for a ₹4,

IBM purchased an Indian consulting company 🌟
India

IBM purchased an Indian consulting company 🌟

What’s poppin’ — IBM continued to deepen its foray into hybrid cloud, [https://www.business-standard.com/article/companies/ibm-announces-acquisition-of-neudesic-adds-to-india-presence-122021501591_1.html] buying out [https://www.business-standard.com/article/companies/ibm-announces-acquisition-of-neudesic-adds-to-india-presence-122021501591_1.html] a  specialized cloud consulting platform called Neudesic. The Irvine, CA HQ’ed business [https://www.neudesic.com/] (with

Fake Yogi duped the CEO of NSE… bro what? 🎥
India

Fake Yogi duped the CEO of NSE… bro what? 🎥

What happened — the income tax department raided the house [https://www.thehindubusinessline.com/markets/i-t-dept-raids-residence-of-former-nse-md-chitra-ramakrishna-her-colleague-anand-subramanian/article65058527.ece] of the ex-CEO of the National Stock Exchange Chitra Ramakrishna, as well as the group’s COO Anand Subramanian, trying to uncover illicit gains and evidence of financial favors. Some backstory — the ex-CEO