1947 Tech Newsletter 🇮🇳

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1947 Rise ☀️: 228

1947tech.substack.com

1947 Rise ☀️: 228

ShareChat, Tiger Global & more!

shiva singh sangwan
Jan 30
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1947 Rise ☀️: 228

1947tech.substack.com

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:

  1. Mobility startup Bounce raises $20 million from existing investors Link

  2. Proptech startup Landeed raises $8.3 million funding Link

  3. B2B cloud manufacturing startup CapGrid raises $7 million in fresh funding Link

  4. Indian SaaS companies to touch $35 billion in ARR By 2027: Bain & Company report Link

  5. Inside Sharechat’s crisis: absent founders, flurry of management exits, spiralling losses Link

  6. GoMechanic taps Cars24, Spinny for a distress sale Link

  7. 14 Indian startups have sacked over 2,100 employees in the first three weeks of 2023 Link

  8. Indian SaaS companies to touch $35 billion in ARR By 2027: Bain & Company report Link

Thank you for reading. Please share any feedback, questions or comments with me on Twitter :)

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1947 Rise ☀️: 228

1947tech.substack.com
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