Introduction Startups are always aiming for that dream milestone: unicorn status 🦄. But when does a startup turn into a unicorn? It’s a big deal when a company reaches a $1 billion valuation. In this blog, we’ll break down the steps that lead to this moment. A Clear Vision and Mission A startup with a…
Introduction Hyderabad is all set to host a major tech event— the Global AI Summit. This summit will bring together industry experts, policymakers, and innovators to discuss and explore the impact of artificial intelligence (AI) on various sectors. As the city prepares for this two-day summit, there’s a buzz of excitement in the air. Here’s…
Ola Electric’s Market Share Declines Amid Rising Competition from TVS and Bajaj Ola Electric has enjoyed a strong presence in India’s electric two-wheeler market. However, according to a recent report by Jefferies, Ola Electric’s market share has taken a hit. The company’s market share fell from 49% in the March-June quarter to 33% in August…
Oyo Rooms, a well-known name in the budget hotel industry, has achieved a major milestone. The company has reported its first-ever profit after tax (PAT) of Rs. 229 crore for the financial year 2023-24 (FY24). This accomplishment is particularly significant, as it comes after a steep 75% drop in Oyo’s valuation. Despite the challenges, Oyo…
Introduction Ather Energy has recently become India’s latest unicorn, marking a significant achievement in the country’s electric vehicle (EV) industry. With a $71 million (Rs 600 crore) funding round led by the National Investment and Infrastructure Fund (NIIF), Ather Energy’s valuation has surged to $1.3 billion (Rs 10,900 crore). This achievement places Ather Energy in…
Introduction Nvidia, a leader in AI technology, is facing delays in producing its new AI chips. This delay could have major implications for tech giants like Google and Microsoft. Both companies rely on Nvidia’s chips for their AI-driven services. Nvidia’s AI chip delay could be bad news for Google and Microsoft, affecting their development timelines…
Rapido, India’s popular bike taxi service, has achieved an exciting milestone. Rapido is now a unicorn with a $1 billion value. This accomplishment showcases the potential of India’s startup ecosystem and highlights Rapido’s significant growth. Let’s dive into the journey of Rapido, from its inception to becoming a unicorn. The Birth of Rapido Rapido was…
Introduction Notice periods and probation periods are common in India’s corporate space. However, a prominent company has done away with both. That company is Zomato. Let’s explore why Zomato employees love their no-notice period policy and how it benefits them. What is a Probation Period? A probation period is a trial phase for new employees….
AI Dowry calculator of Anupam Mittal