Author: StartUp Insider Desk

In the world of startups, skirmishes for ownership aren’t unusual. Such a conflict has now ensnared the celebrated wellness brand, Nirmalaya Wellness, famous for its appearance on Shark Tank. Deepak Bandhu and Apoorva Ranjan Sharma, the co-founders, find themselves at odds. They are in a bitter tug of war over the control of the company. It’s a crisis sparked by a controversial memo that questions Sharma’s role in the company. The strife began when a notice, issued by Bandhu, ousted Sharma from the firm. So, the squabble became public. However, Sharma strongly rebuts this, defending his position. The memo claims…

In the ever-evolving world of digital payments and financial services, competition among platforms is fierce. PhonePe, one of India’s leading digital payment platforms, has recently launched its merchant lending marketplace, aiming to take on its rival, Paytm. This strategic move by PhonePe introduces a new avenue for merchants to access capital conveniently and efficiently, empowering them to grow their businesses. In this article, we will delve into the details of PhonePe’s merchant lending marketplace and explore how it benefits merchants. The Need for Merchant Lending Small and medium-sized businesses often face challenges in obtaining loans from traditional financial institutions due…

In the world of entrepreneurship, success stories often serve as a source of inspiration for aspiring business leaders. One such remarkable journey is that of Vijay Shekhar Sharma, the founder of Paytm. Born and raised in a small town in India, Sharma’s story is a testament to determination, perseverance, and the power of turning dreams into reality. This article delves into the life and achievements of Vijay Shekhar Sharma, highlighting his incredible rise from rags to riches. Early Life and Challenges Vijay Shekhar Sharma was born on July 8, 1973, in Aligarh, a city in the northern state of Uttar…

If you followed the Indian edition of Shark Tank recently, you might recognize Aman Gupta as one of the investors on the show. Aman is not just a seasoned investor; he is also the co-founder and chief marketing officer of boAt, a renowned earwear audio company. In this article, we delve into the inspiring story of Aman Gupta and the remarkable success of boAt. Baby Steps – Aman Gupta’s Early Life Born in 1982, Aman Gupta grew up in Delhi, where he attended Delhi Public School, R.K. Puram. After completing his school education, he pursued a bachelor’s degree in commerce…

Overview: Unfolding the Journey of Peyush Bansal Peyush Bansal is a name that resonates with innovation, perseverance, and success in the online eyewear industry. The founder and CEO of Lenskart, Bansal is an example of entrepreneurial spirit and vision, leveraging the potential of e-commerce to revolutionize an industry that was long dominated by traditional stores. A Young and Dynamic Leader Born on 1st January 1983 in New Delhi, India, Bansal showcased his drive and zeal for entrepreneurship at an early age. A graduate from McGill University in Canada, he used his degree in Engineering to pave a path towards revolutionizing…

In a surprising development, MojoCare, the innovative HealthTech startup, is facing significant challenges. Just a year after raising $20.6 million in funding, the company has reportedly laid off 80% of its workforce. MojoCare, the pioneering firm making waves in the HealthTech industry, had previously shown strong potential. The funds raised last year were supposed to support the company’s growth and development. However, the current scenario paints a starkly different picture, with most of its employees facing unexpected layoffs. MojoCare has been recognized for its impressive efforts in transforming health care experiences with technology. This made it one of the few…

Lenskart, India’s largest online eyewear retailer, is set to receive a significant boost as ChrysCapital, one of the country’s leading private equity firms, plans to invest a staggering $100 million in the company. This substantial investment not only serves as a major milestone for Lenskart but also paves the way for further expansion and market dominance. The infusion of funds from ChrysCapital will play a vital role in supporting Lenskart’s ambitious growth strategies. These strategies encompass strengthening the company’s supply chain infrastructure, expanding its diverse range of products, and investing in cutting-edge technology and innovation. Lenskart has been at the…

Tiger Global, an investment firm based in New York, has successfully raised $2.7 billion for its latest private equity fund. Although this amount falls short of its initial target of $6 billion, the firm’s ability to secure significant funding is noteworthy. Since October 2022, Tiger Global has been actively seeking capital for its 16th fund. However, recent regulatory filings submitted to the Securities and Exchange Commission (SEC) reveal that the first close of Tiger Global Private Investment Partners XVI, L.P. in January garnered only $2.68 billion. Compared to its previous fund, which raised $11.4 billion in February of the previous…

To succeed in today’s crowded marketing and advertising environment, companies must find new ways to get their messages heard. Traditional marketing techniques have taken a backseat as consumers become more discerning and demand genuine engagement. Enter brand storytelling—a powerful tool that allows businesses to connect with their audiences through compelling narratives.  In this piece, I’ll discuss how effective brand storytelling can be for building a loyal customer base. We’ll also learn the ins and outs of creating stories that grab readers’ attention and keep them engaged, increasing the likelihood that they’ll become paying customers. The Essence of Brand Storytelling Telling…

In the latest Henley Private Wealth Migration Report 2023, it is predicted that India will see the departure of approximately 6,500 high-net-worth individuals (HNWIs) in 2023. This figure positions India as the second-highest country globally in terms of estimated outflows. However, it is worth noting that India’s net exit numbers are expected to decrease compared to the previous year, dropping from 7,500 to 6,500, according to the report. Net Outflows of HNWIs India’s projected outflow of 6,500 HNWIs in 2023 pales in comparison to the estimated net outflow figures of other countries. China, for instance, is expected to witness a…