Graphic Designer cum Video Editor

Tech vs Tech-Enabled Startups

What, in your view, is the difference between tech startups and tech-enabled startups? For example, in my humble opinion, Swiggy, Zomato, CRED, and PayTM are tech-enabled startups. I can name only a few Indian tech startups, such as InMobi and Ather. (There may be more, It’s just i don’t know). This also suggests that India's startup scene is dominated by tech-enabled startups. In contrast, Amazon may have started as a tech-enabled e-commerce company, but it is now a fully-fledged tech company. They ship software, technologies, etc. Why isn't it the case with India's tech-enabled startups? Additionally, I would like to know how difficult it is to secure venture capital (VC) funding for tech startups.

BYJU’S: An Empire That Was

Ever wonder how a teacher became a billionaire? That's the BYJU'S story, as told by Inc42's Bismah Malik. Buckle up, it's quite a ride. Back in 2010, Byju Raveendran was teaching in stadiums. Yes, stadiums. He was that good. Fast forward to 2020, and he's running a $22 billion company. How? Let's dive in. It all started when two big-name investors noticed Byju in 2013. Money started pouring in. By 2019, BYJU'S had 50,000 employees and offices around the world. Byju was on magazine covers. He was the guy everyone wanted to be. But here's where it gets juicy. Byju had a simple way of dealing with problems: throw money at them. Competition taking your students? "Buy them all," he'd say. And boy, did they buy. 17 companies in five years! BYJU'S wasn't just selling courses. They were selling dreams. They hired an army of salespeople to convince parents their kids needed BYJU'S. Some parents even took out loans without realizing it. Yikes. And the spending didn't stop there. Indian cricket team sponsor? Check. FIFA World Cup sponsor? Double check. Lionel Messi as brand ambassador? Why not! But here's the kicker: they announced the Messi deal right after laying off 2,500 people. Talk about bad timing. When COVID hit, it seemed like BYJU'S had struck gold. Everyone wanted online classes. But it didn't last. Soon, parents were asking questions. Where's the quality? Where's our money? Even the government started asking questions. Today, BYJU'S is in trouble. They've let go of most of their staff. They're closing offices. The company that once threw money around can't even pay salaries now. But Byju isn't giving up. He's put in his own money - a whopping ₹7,500 crore. He's promising a comeback with fancy AI tech. Will it work? Only time will tell. So what can we learn from all this? Maybe that growing too fast can be dangerous. Maybe that selling dreams is risky business. Or maybe that what goes up, must come down. One thing's for sure: the BYJU'S story is far from over. And whatever happens next, it'll be one for the history books. Want the full scoop? Check out the in-depth article on Inc42. It's a must-read for anyone interested in the wild world of startups – https://inc42.com/features/byjus-an-empire-that-was/

Career Move | Management Consulting Vs Investment Banking

Hi! I have a professional dilemma and would appreciate any thoughts, advice and experience you can share. I have a 5+ years in strategy consulting working for a Big4 - I like my work, team and the organisation Though, now I crave for some different experience - maybe work for startup’s or a VC firm I have been offered a job in a boutique investment bank - which works with startup’s in India My questions: 1. Is it worth switching for a Big4 to a Boutique Investment Bank - will it effect my further employability 2. Does this get me closer to my goal of working for a VC fund someday? 3. What salary hike should I ideally expect Thank you in advance for all the help!