Zerodha co-founder Nithin Kamath warned on X about the surge of fake trading apps in India. These apps lure users with promises of easy profits but then disappear with their money.
In FY24, average founder pay dropped by 31.6% to ₹8.26 crore. Yet, Supam Maheshwari of FirstCry led with ₹103.8 crore, though his pay halved from ₹200.7 crore the previous year.
Zerodha co-founder and CEO Nithin Kamath praised the decision to display calories and carbs on menus, suggesting that showing calories as a percentage of daily intake would be more effective.
Zomato has shut down its Intercity Legends service after two years of trials. Despite efforts to improve profitability, the service couldn't find a product-market fit.
ReshaMandi, a Bengaluru-based silk yarn startup, reportedly shut down, laying off all 500 employees after its auditor resigned amid reports of financial irregularities.
Ritesh D Ritelin, the founder of Goa-based startup Manzuri, shared in a 1% Club interview that he sells orgasms for a living. With a 70% stake in Manzuri, his net worth is between ₹10-12 crore.
At the Ola Sankalp 2024 event, billionaire CEO Bhavish Aggarwal candidly admitted to never investing in the stock market, relying on his companies for wealth.