1947 Rise ☀️: 228
Discover more from 1947 Tech Newsletter 🇮🇳
1. Google and Twitter-backed Sharechat sees shake-up as two founders step down
Google and Twitter-backed ShareChat’s co-founders Farid Ahsan and Bhanu Pratap Singh have stepped down from executive roles at the company, a week after firing close to 600 employees, the company’s chief executive officer Ankush Sachdeva said in an internal note on January 25
However, both the co-founders will continue to remain on the social media company’s board.
Google and Twitter-backed Sharechat sees shake-up as two founders step down
2. Tiger Global closes zero India startup deals in January for first time in 2 years
Tiger Global Management, one of the most prolific private market investors in India, did not invest in a single startup in the country in January 2023, indicating a worsening funding winter for the world’s third-largest startup ecosystem.
This was the first time in two years that the firm has skipped investing in an Indian startup in a month. The last time this happened was in January 2021
Tiger Global closes zero India startup deals in January for first time in 2 years
A podcast 🎙
1947 Operators ✨
In order to get into great deals one needs to have a brand.
A brand gives you the ability to get into deals that you want to get in.
And there are different ways to build a brand.
Hear from Apaksh Gupta, one of the most prolific operator angel investors, on how to think about building a brand.
“Build great relationships with great people”
In this episode we covered:
- What drew Apaksh to Angel Investing and his first angel investment.
- Investing process of Apaksh.
- Traits of a mediocre founder
- Apaksh’s advice to someone who is starting to Angel Invest.
- Biggest wins and misses of Apaksh.
- What is something that Apaksh knows now but he wishes he knew it earlier.
- If money and attention are not needed anymore what would Apaksh work on.
- Apakh’s relationship with money.
- What do Apaksh’s friends know him for
You can watch the full conversation 👉🏼 https://bit.ly/3kmPQMM
Worth your attention:
Mobility startup Bounce raises $20 million from existing investors Link
Proptech startup Landeed raises $8.3 million funding Link
B2B cloud manufacturing startup CapGrid raises $7 million in fresh funding Link
Indian SaaS companies to touch $35 billion in ARR By 2027: Bain & Company report Link
Inside Sharechat’s crisis: absent founders, flurry of management exits, spiralling losses Link
GoMechanic taps Cars24, Spinny for a distress sale Link
14 Indian startups have sacked over 2,100 employees in the first three weeks of 2023 Link
Indian SaaS companies to touch $35 billion in ARR By 2027: Bain & Company report Link