Startup companies are important not only for trade and economic growth in India but also for employment and foreign investment. Startups have become very important for all parties, especially as Indian startups prepare to launch subsequent IPOs.
In this context, the deaths of two Indian start-ups today have shaken the country.
Pankuri Srivastava
Pankuri Srivastava, a 32-year-old female entrepreneur, runs Pankuri, a social community platform for women. It was only a few months ago that the company recruited employees from several leading companies to attract investment and expand the business.
Bankuri site
Pankuri Srivastava died of a heart attack on December 24. The news was posted on the company’s social media site on December 27. Many people today are working on a bankruptcy site created by women for women in 2019.
$ 3.2 million
Bankuri attracted about $ 3.2 million in an investment round led by Sequoia Capital. Bankuri Srivastava had earlier formed Rental start-up Grabhouse.
Grabhouse – Quicker
Pankuri Srivastava dies of heart attack in 2016 after selling Grabhouse to Quicker
This has come as a shock not only to the employees of the company but also to the entire startup industry.
Naren Gupta
Narain Gupta, co-founder of Nexus Venture Partners, a leading investment firm that invested heavily in Indian start-ups following Bankuri Srivastava, has died today.
Nexus Venture Partners
Narain Gupta, 73, has invested in several unicorn start-ups such as Boseman, Delhiveri Durva and Anacademy through his Nexus Venture Partners. Nexus Venture Partners plays a vital role in this Venture Capital market.
Narain Gupta IIT
Narain Gupta holds a bachelor’s degree from IIT Delhi, a master’s degree from the Tech College of California and a PhD from Stanford University. Narendra Gupta, also known as Narain Gupta, created Integrated Systems in 1980 and was successful in listing on the US Stock Exchange.
Narain Gupta is the first company
Integrated Systems was subsequently merged with Wind River in 2009 by Intel, a US $ 900 million company.
Indian Startup
He then co-founded Nexus Venture Partners with Suvir Sujan and Sandeep Singhal in 2006 and has been investing in Indian startups for the past 15 years.
Jobs for 1,00,000 people .. Startup companies with huge goals ..!
Indian IT and tech services companies are growing at an unprecedented rate and are forced to hire more staff as the shortage of staff is high.
Importantly, start-ups have now decided to hire more employees in all segments of IT, in competition with the country’s leading IT service providers. Thus the number of jobs in the market at present is accumulating in the mountains.
Startup companies
By 2020, many leading start-ups in India, both small and large, have mobilized investments ranging from Series A to E and are now coming into the hands of investment companies. Thus startup companies have accelerated its business expansion.
1,00,000 white collar jobs
As a result, start-ups in India alone are set to create about 100,000 white-collar jobs this year, according to employment agency Xpheno.
8 month status Xpheno
According to a survey of 243 leading start-ups, it employs about 55,000 people in the first eight months of 2024 alone. The number was just 30,000 during the same period last year.
