Business

Zomato and Swiggy are considered to be the best food delivery apps in the world according to Zomato’s CEO and Co-founder Deepinder Goyal. On July 23, Zomato was listed as a unicorn brand. Speaking of Zomato’s successful business, he stated, “if you are building to succeed in India, you are already exceptional.” Goyal further stated that the tremendous response to its IPO has given the company confidence. 

After experiencing a loss of Rs 60.60 crore in 2020, media firm Network 18 Media & Investments have witnessed a 6% rise in its share on June 22. The company reported a combined profit of Rs 121.51 crore. “Growing engagement on our platforms across TV and Digital make us confident of delivering for all our stakeholders even amidst a choppy environment,” said Adil Zainulbhai, Chairman of Network18.

The US has said that India "remains a challenging place" to do business. In its 2021 Investment Climate Statements report, the country's state department urged the Indian government to reduce barriers and bureaucratic hurdles for easy and attractive investment in the country. The report further mentioned the removal of constitutional status from Jammu and Kashmir and the process of the Citizenship Amendment Law.

In a bid to expand its presence in the USA's education market, Bangalore-based startup Byju's will acquire the digital reading platform "Epic" for $500 million. Epic is regarded as the world's largest digital reading platform for kids 12 and under, which hosts a million teachers and 50 million kids use the platform. Meanwhile, Byju's founder Raveendran said the expansion will ''hugely accelerate'' our revenue by March 2022.

Sharing advice for the aspiring entrepreneurs, Oyo founder Ritesh Agarwal said, “as an entrepreneur, you are going to face rejection most of the time, get used to it.” Agarwal took to Twitter saying ''during my early days at OYO, nearly 80% of the VCs I wrote to rejected me.'' Reportedly, netizens found his advice to be very enlightening. Earlier, he stated, ''Being humble is an important trait for founders."