Ashneer Grover shuts down his Cricket fantasy startup ‘CrickPe’
BharatPe co-founder Ashneer Grover has decided to shut down his cricket fantasy startup CrickPe. In a highly competitive market, the fantasy-cricket platform could not pick up pace.
Grover said on social media that he was disappointed but determined to move on. He thanked his team for their work and suggested he would be looking for new opportunities.
The decision marks a significant blow to Grover, who has been the subject of both praise for his entrepreneurial work as well as scandals from his past. While many have backed his resilience, others have questioned his assertion around the struggle some Indian startups have been dealing with.
Influencer Sharan Hegde’s ‘1% Club’ to enter Mutual Fund business
Sharan Hegde, a popular finance YouTuber, has taken his ‘1% Club’ community into the mutual fund business. With a reputation for demystifying matters of money, Hegde is on a mission to make investing easier for younger folks.
His latest venture will educate and guide his followers in making the right investment decisions. Its also a significant step that proves how serious he is about helping people grow their wealth confidently.
His ‘1% Club’ community trusts his advice, and are excited about this move into mutual funds. Hegde’s philosophy still transcends boundaries in personal finance — making this accessible for all.
Zepto Cafe cross 1 Lakh Order perDay
Zepto Cafe has achieved a significant milestone of completing 1 lakh orders in a single day. The quick-commerce platform, beloved for sending groceries and essentials in minutes, has experienced massive growth with its cafe service.
Customers love that coffee, snacks, and meals can be delivered so quickly. This prevailing success demonstrates how individuals are moving towards fast and easy food. Zepto’s emphasis on speed and quality has surely paid off — it is a clear favorite for busy urban users.
The team is excited about this success and working towards never settling for anything less than the game-changing standards that they have set up for themselves.
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The Whole Truth raise $15M in Series C
The trend continued with The Whole Truth, a health-focused food brand that just secured $15 million in a Series C funding round.
The firm, which has made a name for itself in the clean-label snack space thanks to its transparency, said it will use the new investment to expand its product portfolio and customer reach.
The investment was a strong signal of investor confidence in the brand and its mission to make honest and healthy food options available to the market.
This funding is a major milestone for The Whole Truth as it continues to expand and make healthy eating effortless for all. Great times ahead for the brand and its loyalists!
SolarSquare loss 2.3x to Rs 69 in FY24
Solar energy company SolarSquare has had a challenging year in FY24. The company posted a loss of Rs 69 crore, which is 2.3 times its revenue.
That failure reflects difficulties in the solar business, where the combination of competition and market conditions has proved too much for the company to remain profitable.
SolarSquare is trying to recover and grow in the coming years after the loss. But the news also reflects the struggles many firms in the renewable energy space are facing, while showing that those that have survived remain dedicated to fighting for a greener future.
Apna post Rs 51 crore loss in FY24
Professional networking platform Apna has reported a loss of Rs 51 crore in the fiscal year 2023-24. In credible news, the company had trouble managing its expenses this resulted in this massive loss.
“While this is setback for Apna, Apna keep focusing on helping job seekers finding employers”> The platform is optimistic about turning its fortunes around in subsequent years. Users and investors are holding their breath to see how Apna would turnaround the company.
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