System User
Sujata Agarwal began saffron farming in a 100 sq ft room in Jharsuguda, Odisha in 2022 after learning indoor cultivation through YouTube videos. Unlike other indoor farmers, she harvests saffron not once but twice a year and sells it at ₹10 lakh per kg. After harvesting saffron, she also makes a serum and 'kahwa' from petals.
Jan 6th, 2025
System User
The Indian government has unveiled an ambitious plan to create 4.5 to 6 crore jobs in the textile sector by 2030, aiming to double the market size to $350 billion. Key initiatives include PM-MITRA mega textile parks, boosting man-made fabric production, and achieving $100 billion in exports.
Jan 6th, 2025
Dharini Mudgal
Amit Banerji, the co-founder and CEO of Table Space, passed away after suffering a heart attack on Monday at the age of 44. "His impact on the company, its people and...industry will be lasting, and he will be profoundly missed by his family, friends and partners," the company said. The Bengaluru-based entrepreneur founded Table Space in 2017 with Karan Chopra.
Jan 6th, 2025
System User
Accel, the first institutional backer of Flipkart and Swiggy, has closed its eighth India-focused fund at $650 million, taking its total assets under management in the country to over $3 billion. However, the firm voiced concerns about lack of innovation-led AI ventures in India, cautioning that the country risks missing out on creating $100-billion global companies in the AI space.
Jan 6th, 2025
Sakshita Khosla
Loom Co-Founder Vinay Hiremath said he worked for Elon Musk and Vivek Ramaswamy at the Department for Government Efficiency (DOGE) for four weeks after selling the video messaging startup for $975 million. He said he recruited "the smartest people I've ever talked to" and learned how "completely dysfunctional the (US) government was". "It was a blast," he said on DOGE.
Jan 6th, 2025
Ashley Paul
Vinay Hiremath, who said he doesn't know what to do with life after selling his firm Loom for ₹8,367 crore, recalled climbing 6,800-metre Himalayan peak without training after his breakup. "Before chronic bronchitis settled in, this seemed like best idea...[Later realised] what I was doing was insane," he said, adding, "I got...hypoxic...Rappelled down [mountains] while tripping out of my mind."
Jan 6th, 2025
Ashley Paul
Loom Co-founder Vinay Hiremath, who sold his firm to Atlassian for $975 million (₹8,367 crore) in 2023, said he has "no idea" what to do with his life. The 32-year-old had dropped out of Illinois University two years after admission and had joined Backplane as a Software Engineer. He met Shahed Khan at Backplane, with whom he later co-founded Loom.
Jan 6th, 2025
Dharini Mudgal
India's second-largest information technology services firm Infosys has deferred annual wage hikes to the fourth quarter of the current financial year (Q4FY25). The Bengaluru-based company last implemented salary hikes in November 2023. It had on October 17 said it was "planning" wage hikes in Q4 in a phased manner. Notably, HCLTech and LTIMindtree also skipped salary increments in second quarter.
Jan 6th, 2025
Sakshita Khosla
Loom Co-Founder Vinay Hiremath has written about his insecurities after selling the video messaging platform to Atlassian for $975 million. "I'm rich and have no idea what to do with my life," wrote Hiremath. "I find myself in...totally un-relatable position of never having to work again...I have infinite freedom, yet I don't know what to do with it," he added.
Jan 5th, 2025
Shalini ojha
OYO revised its policy to not allow unmarried couples to stay at its partner hotels. Couples will be asked to furnish proof of relationship during check-in. OYO said hotels can decline bookings on their judgment too. It has asked partner hotels in Meerut to ensure this with immediate effect and could likely expand this policy to other cities, PTI reported.
Jan 5th, 2025
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