Enticing Sunday: Budget'24 & Unicorns Meltdown Make News This Week!

Mixed fortunes this week for Indian Startup Ecosystem, with Nirmala Sitharaman's relief measures contrasting Paytm and BYJU's challenges. Stay updated with our Enticing Sunday Newsletter for insights into the Indian startup landscape.

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Shreshtha Verma
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Enticing Sunday Union Budget BYJUs Paytm Startup Unicorn Meltdown

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The Indian startup ecosystem has experienced a rollercoaster of events this week! Finance Minister Nirmala Sitharaman annouced interim budget 2024-2025 and provided some respite by unveiling a slew of initiatives for startups. However, it's been a challenging time for two major players in the country: Paytm and BYJU's. Renowned for their groundbreaking work in fintech and edtech respectively, both companies are grappling with significant issues. Curious about why these giants are making headlines? Well, in our weekly newsletter, we bring you the top 10 stories of the week, offering a quick glimpse into all the recent happenings in the Indian startup world. Dive into these stories to stay informed about the recently launched union budget, updates on BYJU's and Paytm, and other noteworthy developments in the startup ecosystem!

The Great Fintech Fiasco: What Lies Ahead for Paytm, Partners & You?

Paytm Payments Bank's failure to comply with regulations and supervisory concerns, despite RBI warnings over the last two years, has placed the company in deep trouble on all fronts. The bank has been prohibited from accepting deposits after February 29, marking only the beginning of its troubles. The stock market debacle has resulted in a staggering USD 2 billion reduction in its market value, with the company's valuation now standing at USD 3.7 billion.

Yatish Ji

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PolitEco: What Will Change In 2024? Budget Impacts in 'Black & White'

As the Modi government introduces its 10th budget, the nation witnesses a momentous occasion marked by exemplary confidence, hinting at a potential return to power in 2024. The absence of populist schemes and subsidies in this budget positions it as a significant vote on account, setting the stage for a strategic electoral approach. Examining the government's focus on four pillars – the poor, women, youth, and farmers– reveals a comprehensive strategy is worth the scrutiny.

Bhupendra

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The Rise & Fall of India's Fintech Posterboy: Facts With Bhupendra Chaubey

Vijay Shekhar Sharma, the founder and CEO of Paytm, once hailed as the blue-eyed boy of India's startup ecosystem, now finds himself at the center of controversy as the Reserve Bank of India (RBI) imposes penalties on the fintech giant. The regulatory action stems from a prolonged failure to adhere to compliance rules set by the RBI, marking a significant turn in the fortunes of the celebrated entrepreneur.

Why & What Next Paytm

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It's Byju's Vs Byju's This Time: Management Alleges Investors of Conspiracy

In a surprising turn of events, Byju's, the prominent edtech company, finds itself embroiled in a bitter feud between its management and a group of investors. A campaign was launched by a faction of investors who wants to oust the company's founder and group CEO, Byju Raveendran, triggering a swift response from the management in the form of a letter addressed to employees.

Showdown for Byju's

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Paytm's Captain Cool Finds Strong Support from Startup Community

The Reserve Bank of India's (RBI) directive to halt business operations at Paytm Payments Bank has sent shockwaves through the stock market, with shares of Paytm's parent company, One97 Communications Limited, plummeting by 20% for the second consecutive day. Despite the market turmoil, founders of various Indian startups have united in support of Paytm's founder, Vijay Shekhar Sharma.

Startups Support Paytm

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Breaking Down Byju's: The Shocking Truth Behind Credibility Meltdown!

One of Byju's primary hurdles is credibility, with a pressing need to retain its extensive customer base. Over the past few years, Byju's rapidly expanded its customer numbers, reaching claims of 150 million at one point. However, these customers were often acquired through aggressive sales tactics, relying heavily on back-to-back loans from Non-Banking Financial Companies (NBFCs).

Byju’s Crisis

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Decoding the Paytm Crisis: What It Means for You & Your Paytm Money?

The Reserve Bank of India (RBI) has restricted Paytm Payments Bank from accepting customer deposits starting March 1, 2024. Chaos and panic have ensued among Paytm users, questioning the impact on their wallet balances and the ability to use the Paytm app for day-to-day transactions.

Paytm crisis

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Budget for Her: Women Empowerment Takes Center Stage in Budget 2024

In a landmark address presenting the 'Vote of Account', Union Finance Minister Nirmala Sitharaman delivered an extensive overview of the strides made in women's empowerment over the past decade. Let's delve into the multifaceted aspects of this empowering narrative.

Women Empowerment Takes Center Stage Budget 2024 2025

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How Are Industry Experts & Entrepreneurs Reacting to Budget 2024?

The unveiling of the Union Budget 2024 has sparked a diverse range of reactions from individuals and entities across the nation, reflecting a mixture of anticipation, appreciation, and scrutiny. As the government lays out its financial roadmap for the upcoming fiscal year, people from various walks of life are closely examining the proposals and their potential impact on their lives, businesses, and the broader economy.

Industry Experts And Entrepreneurs Reacting to Budget 2024

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TiE Delhi-NCR's HR Summit 2024: Bridging Culture & Strategy

In a compelling convergence of human resource (HR) luminaries, professionals, and visionary founders, TiE Delhi-NCR's HR Summit 2024 unfolded with the theme "Where Culture Meets Strategy." The summit aimed to unravel the potent synergy between vibrant, purpose-driven cultures and strategic business directions, underlining the pivotal role played by HR in shaping the success trajectory of organizations.

TiE HR Summit1

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