In 2016, content website WittyFeed's founders Vinay Singhal, Shashank Vaishnav, and Praveen Singhal woke up to a nightmare. The company—India's answer to American company BuzzFeed—lost its Facebook page overnight.
Later that year, the trio set out to build a Netflix for Bharat—STAGE, an artist and dialect-based OTT platform for Indians. Today, the hyperlocal video entertainment platform has recorded more than two million downloads and has over one lakh paying customers.
This week, on YourStory UNCUT, Vinay of STAGE talks about his journey of building and losing a business and starting up again.
Despite facing years of struggle and rejections while building STAGE, the co-founder says he would not change a thing.
"Jo hua acha hua (Whatever happened, happened for the best). It only made us better entrepreneurs in the process…If you don't give up, life does give you a way out," Vinay tells YourStory, Read More .
Here are other highlights of today's Daily Capsule:
Editor's Pick: I Dream of Sunny fan verse
Startup Spotlight: TOTOKO
News and updates and more…
Editor's Pick: I Dream of Sunny fan verse
Editor's Pick
I Dream of Sunny fan verse
Actor-entrepreneur Sunny Leone has launched 'I Dream of Sunny', a fan verse that combines NFTs (Non-Fungible Tokens), Artificial Intelligence (AI), fan verse, gaming, lucky draw, winning combination, and more to reach out to a wider audience. Sunny tells HerStory about her entrepreneurial journey so far and lessons learned along the way. Read more.
BITS Pilani alumnus Shashwat Agarwal noticed that many households misplace physical bills, warranty cards, AMC (Annual Maintenance Contract) receipts, service bills, etc., of most appliances.
In 2021, he launched TOTOKO, a post-sales management startup that offers a centralised platform to assist households and MSMEs with warrantied items and post-sales services. Read more .
Over 2 years after Covid-19 forced tech companies to embrace the remote work culture, they are phasing out such policies and calling people back to office. We tracked this return to the old normal for a month, reaching out to at least 16 startups and interviewing half a dozen staffers.
Foodtech platform Zomato reported a loss of Rs 347.4 crore in the fourth quarter (Q4) of the fiscal year (FY) 2022. This is nearly five times the loss in its previous quarter, and 2.5 times the loss it reported a year ago in the same quarter.
Nearly 100 CEOs and over a dozen government authorities from India are in Davos, Switzerland to attend the annual meeting of the World Economic Forum . Some of the startup founders attending the event include OYO's Ritesh Agarwal and BYJU'S Founder Byju Raveendran.
Starbucks will exit the Russian market after 15 years, joining companies like McDonald's, Exxon Mobil and British American Tobacco. Starbucks has 130 locations in the country that account for less than 1 percent of the company's annual revenue.
Indonesia's biggest tech company GoTo Group intends to issue 118.44 billion shares worth around 10 percent of its total capital through a private placement. The private placement will be put forward for shareholder approval.
Brand Spotlight
For all startups that want to create a significant impact by implementing their innovative solutions with the Government, the Maharashtra State Innovation Society has opened applications for its 5th edition of the flagship initiative, Maharashtra Startup Week. Selected top 100 startups pitch their solution to an esteemed jury panel comprising leaders and senior officials from the private and public sector. The top 24 startups across sectors like agriculture, healthcare, education, skilling, smart infrastructure, mobility, and miscellaneous, receive work orders up to INR 15 lakh, from the government to implement their solutions. Applications open until 30th May 2022 Apply Now
Blockchain developer Antier Solutions is doubling its workforce and opening new offices in the US, Hyderabad, Bengaluru, and the UAE. To know more, click here.
"You must have passion and believe in what you are doing and be very consistent because everything takes time to materialise."
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