#Startups

.Gurugram, Haryana, India
Zomato Co-founder Gaurav Gupta decided to quit the company on Tuesday. (Photo Credit: Twitter/@grvgpta)

  • Gupta joined Zomato in 2015 as head of supply
  • In 2019, he was elevated to the role of co-founder
  • Deepinder Goyal, Zomato founder and CEO, wished him all the best

.San Jose, CA, USA
Elizabeth Holmes could face 20 years in jail if found guilty. (Photo Credit: Twitter/@eholmes2003)

  • Jury selection is scheduled in a San Jose, California, courthouse on Tuesday
  • Theranos founder Elizabeth Holmes is charged with six counts of fraud
  • Theranos was founded in 2003 and Holmes claimed it would revolutionise the medical testing space

.San Jose, CA, USA
Elizabeth Holmes, left, was touted as the "next Steve Jobs" as her company Theranos claimed to have developed revolutionary healthcare technology. (Photo Credit: Twitter/@eholmes2003)

  • Elizabeth Holmes' company Theranos claimed to have revolutionised healthcare
  • It claimed its machine Edison could diagnose up to 200 conditions with just a drop of blood
  • By 2018, the company had collapsed with Holmes facing up to 20 years in prison and a nearly $3 million fine

.New Delhi, Delhi, India
Johnny Boufarhat, 27. is one of the world's youngest self-made billionaires. (Photo credit: LinkedIn/Johnny Boufarha)

  • In 2015, an allergic reaction confined him to his home, cutting him off from the world
  • It was during these years of isolation that Boufarhat developed a billion-dollar idea
  • From his tiny kitchen table, Boufarhat started writing a code for an online events platform

.Mumbai, Maharashtra, India
Falguni Nayar is the founder of Nykaa. (Photo Credit: Linkedin)

  • The startup is planning to sell just more than 10% of the equity and raise $400 million or more
  • Nykaa is a Mumbai-based beauty and fashion startup
  • Former investment banker Nayar founded Nykaa in 2012

.Washington D.C., DC, USA
The service is free to all patients. (Representational Image: Unsplash)

  • Anil Sethi is a Silicon Valley entrepreneur
  • He founded the company Ciitizen
  • It's an online system for patients to digitally house their medical records

Scenes from the Rivian plant. (Photo credit: Twitter/Rivian)

  • Rivian has raised about $10.5 billion to date
  • The funding comes as governments around the globe make the development of electric cars a priority
  • Rivian models available for order online showed a starting price of $67,500

.Mumbai, Maharashtra, India
Zomato founder Deepinder Goyal. (Photo credit: Twitter/@deepigoyal)

  • Zomato founder Deepinder Goyal tweeted this morning that he ordered a triple breakfast because he was stress eating
  • Encouraging and congratulatory messages poured in for Goyal ahead of Zomato's IPO launch
  • Zomato has launched a Rs9,375 crore IPO

.Mumbai, Maharashtra, India
Zomato launched its IPO on Wednesday (Photo credit: PTI)

  • Zomato is the first Indian unicorn start-up to feature on the bourses
  • The company has fixed its price band at Rs72–76 at the face value of Rs1 each. 
  • Retail applicants can bid for a minimum of one lot of 195 shares and in multiples thereof, up to a maximum of 13 lots.

.Bengaluru, Karnataka, India
Apna was launched before the outbreak of the coronavirus pandemic last year. (Photo credits: Representational/Unsplash)

  • The app has grown over 50 times and is currently valued at $570 million 
  • It was built by former Apple Inc executive Nirmit Parikh 
  • The Bengaluru-based start-up has now raised over $90 million