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.
Byju Raveendran, CEO of Byju’s, explained delayed July salaries. He assured salaries would be paid, noting his brother Riju’s Rs 1,600 crore contribution over two years.
At the BT India@100 Conclave, Ola CEO Bhavish Aggarwal remarked that Elon Musk should explore different ventures instead of competing in the same industries.
Bhavish Aggarwal, CEO of Ola Electric Mobility, who owns 30.02% of the company, is now worth around Rs 21,000 crore as the stock doubled after the IPO.
India’s online gaming industry faces a crisis due to a 28% tax and state bans, leading to uncertainty about its future. The E-Gaming head, Anuraag Saxena, has legally challenged ₹1.5 trillion in tax demands.
Zoho CEO Sridhar Vembu commented on X about the rising unaffordability of education, linking it to skyrocketing real estate prices in urban and small-town areas.
Peyush Bansal, CEO of India's leading eyewear retailer Lenskart, is seeking three Entrepreneurs in Residence to create next-generation direct-to-consumer eyewear brands.