ESSENCE VC
How Databricks’ $2.2 billion Tabular deal helped Tim Chen’s Essence VC nearly return its entire fund
Tim Chen wasn’t planning to raise a new venture capital fund when investors began approaching him. His investment in Tabular, acquired by Databricks in 2024, helped put Essence VC on the map. The interest eventually helped Chen close a $41 million fourth fund, even before he had prepared a pitch deck.
IPO investor alert: Zerodha CEO Nithin Kamath flags how tax arbitrage game by VC firms is driving valuations
Zerodha CEO Nithin Kamath explained how India’s tax gap between dividends and capital gains fuels growth-at-any-cost behaviour among startups. He said VC-backed firms avoid profits to secure higher valuations and tax-efficient exits, warning IPO investors to stay cautious of structurally loss-driven models. He explains the game while highlighting on what investors should know
‘Overwhelming but exciting’: Shubman Gill on leading India’s new Test era in England without Rohit, Virat
Shubman Gill expresses feeling overwhelmed and honored to captain India in the upcoming Test series against England, emphasizing leading by example through discipline and hard work. He aims to understand players deeply to maximize their performance, drawing inspiration from Rohit Sharma's calm tactics and Virat Kohli's aggressive leadership.
Raise the Space Bar: As SpaceX provides some of cheapest satellite launches, what can ISRO do to reclaim cost advantage?
SpaceX has revolutionised space travel by drastically reducing costs and demonstrating reusable rocket technology, leading to a boom in satellite launches. As SpaceX continues to innovate, ISRO must adapt and increase private sector involvement to remain competitive in the growing global launch services market.
Learn winning strategies for startups and cricket in Rocketship.vc’s latest podcast featuring Shane Watson
Rocketship.vc podcast merges cricket and business expertise, emphasizing adaptability, data-driven insights, responsible AI use, resilience, and team excellence for success in any field.
Global oil, gas demand will sustain for decades, says Saudi Aramco top executive
Saudi Aramco, a long-standing supplier of crude oil to India, has been actively seeking investment opportunities in India's downstream sector. Despite the failure of its $15 billion bid for a 20% stake in Reliance Industries' oil-to-chemicals business and ongoing developments with the Ratnagiri refinery in Maharashtra, Fahad Al Dhubaib, Senior Vice President of Strategy and Market Analysis at Saudi Aramco, emphasizes India's significance as a key market.
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Startup ecosystem: Why it's time to acknowledge and learn from challenges of 2023
Even though funding dropped in 2023, some of the larger companies with cash reserves were able to acquire struggling products and companies at reasonable prices
Udaan's fundraise; VC-backed listed tech firms hit $50B market cap
Business-to-business (B2B) ecommerce firm Udaan has raised $340 million through conversion of its debt and fresh equity infusion. This and more in today’s ETtech Top 5.
Governor has no authority to seek resignations of VCs, says Kerala CM
Vijayan said the Governor has no such powers and accused him of acting against the Constitution and the essence of democracy. The Chief Minister alleged that the Governor's move was an encroachment on the powers of a democratically elected government, and the universities that are supposed to be academically independent.
Who will succeed Rakesh Jhunjhunwala as the next Big Bull? Well, the hunt is on
“Someone who has the really big picture vision to bet big. Both the words 'big' and 'bull' are important. One has to be very unabashedly bullish on India story and bet big and also make it big,” Basumallick said, adding that such sobriquets are needed because they capture the essence of the person in a few words.
The holy grail of robotics: How CynLr is building a vision-guided mechanical arm to mimic human hands
Robots can work on the moon or in deep sea, but it cannot successfully mimic the human hand. The world knows it and Bengaluru-based CynLr wants to change it. It is building the visual intelligence that can make robotic arms more efficient.
India crucial to PUBG maker Krafton; Flipkart sells Cleartrip’s overseas biz
A year and a half after the hugely popular PUBG Mobile was banned in India and seven months after Battlegrounds Mobile India took its place, South Korea’s Krafton, the company behind the PUBG franchise, told us it sees India as its hub for expanding into other emerging markets.
Vaccines no major solution for short term, not for next 2-3 months at least, cautions Panagariya
"What we have to do is look beyond that two or three months. I think this is a threat that is going to stay with us for the next five-six years, unless we get very lucky and the virus disappears or suddenly goes into remission," says the former NITI VC.
'My wish for 2021 is to have more women in VC space'
This VC feels structured lateral hiring can boost diversity.
Not right for a CM to oppose law passed by Parliament: WB Guv Jagdeep Dhankhar
Even as West Bengal Chief Minister Mamata Banerjee strongly opposes the Citizenship Amendment Act, Governor Jagdeep Dhankhar has condemned the state government for what he calls lack of action against violent protesters.
Square Off: A smart chessboard that's straight out of 'Harry Potter'
With Square Off chessboard you do not need to be in the same room with your opponent to experience the lost pleasure of playing chess on an actual board. Designed and created by two twenty-something entrepreneurs this chessboard is beguiling not just chess enthusiasts but also investors.
Singapore social startups build a niche market in India
According to the Economic Survey 2015-16, India houses more than 19,000 technology-enabled startups.
Why the Junglee founders' playbook hasn’t changed in the mobile-commerce era
Earlier this year, the four Junglee co-founders of Indian origin came together to back HyperTrack. That's Rakesh Mathur, 60, Ashish Gupta, 50, apart from Venky, 49, and Anand Rajaraman, 44.
Stock crash a short-term blip; large investors still backing Just Dial: VSS Mani
"I would like to make one thing clear: business cannot be run by throwing money. That is what our philosophy has been all along."
Universities must get rid of ‘European graduate gowns’: Uttar Pradesh governor Ram Naik
Ram Naik has asked all of the universities in UP to do away with western attire at their convocations and opt for traditional ethnic wear.
How firms like Flipkart, Mu Sigma and Inmobi are making the transition into the big league
The mortality rate on the journey from a startup to a large, established firm is high, sometimes as high as 60-70 per cent.
Show me the money
In the quest for scale, profitability is taking a beating. Achieving traction by offering tantalising discounts doesn’t suffice zero profitability.
It is fun but may derail your finances too! Know the pros & cons of online shopping
Being hooked to online shopping lured by offers that we don't need can severely hamper our ability to save for our most important financial goals!
KR Kim: Former LG chief new 'ambassador' to South Korea
KR Kim, Former MD, LG Electronics India shares his in-depth knowledge about Indian market & culture with Korean businesses.
India needs reforms to boost investment, economic growth: Anand Mahindra
In an interview with ET Now, Anand Mahindra, VC & MD, Mahindra Group, shares his outlook for economy, current market environment and the auto sector. Excerpts:
KV Kamath is very focussed person: S Ramadorai, Non-Executive VC, TCS
In a chat with ET Now, S Ramadorai, Non-Executive VC, TCS, talks about the big changes at Infosys and the key figures KV kamath, Gopalakrishnan and Shibulal.
Deoband VC Vastanvi digs in heels, refuses to quit
Darul Uloom Deoband vice-chancellor Ghulam Mohammed Vastanvi on Thursday refused to resign from his post, throwing down the gauntlet to those who have demanded his removal for allegedly praising Gujarat chief minister Narendra Modi.
Deoband VC Vastanvi digs in heels, refuses to quit
Darul Uloom Deoband vice-chancellor Ghulam Mohammed Vastanvi on Thursday refused to resign from his post, throwing down the gauntlet to those who have demanded his removal for allegedly praising Gujarat chief minister Narendra Modi.
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