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One of the oldest EV ride-hailing businesses in India, BluSmart, is looking for a sale. What comes next?

Industry reports suggest that Uber might be thinking at purchasing Everest Fleet, its vendor.

With a daring plan to transform urban mobility and construct the nation’s first all-electric ride-hailing fleet, BluSmart took to the Indian road in 2019. With the promise of cleaner air and environmentally friendly transportation, the business swiftly established itself in a market that was dominated by Ola and Uber. By 2024, however, BluSmart is at a turning point in its history. 

Despite its early success, the company is already actively looking for a buyer since its asset-heavy business strategy is putting a strain on its finances. According to reports, Uber, a ride-hailing company, is in the early stages of negotiations to purchase BluSmart.

This is still extremely early in the conversation. It’s possible that Uber is considering if this would work well together. Currently, nevertheless, BluSmart’s assets are too costly for anyone to purchase. This agreement will take a lot longer to move along, according to an industry source with knowledge of the situation. Visit Voice of Entrepreneur

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Investing $20 million, Deepinder Goyal launches an aeronautical firm alongside the former COO of Zomato: Report

As reported by ET, billionaire Deepinder Goyal has reportedly teamed up with Surobhi Das, the former chief operating officer of Zomato, to develop an aircraft firm named LAT aircraft.

The firm, which is now operating in stealth mode, intends to connect smaller communities by designing and developing inexpensive 12- to 24-seater Short Takeoff and Landing (STOL) aircraft.

According to the article, Goyal has contributed $20 million to the firm and is serving as a mentor and investor in addition to his non-executive role. Das will be in charge of running the business on a daily basis.

Increasing funding LAT In order to hire professionals from a variety of fields, including material sciences, hybrid propulsion systems, and aerodynamics, aerospace is also negotiating a $50 million seed fundraising round. Visit Voice Of Entrepreneur

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PhysicsWallah, managed by Alakh Pandey, names three independent directors before to its IPO.

Unicorn in edtech lead by Alakh Pandey As Physics Wallah is ready to submit a Draft Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India (SEBI), the company has appointed three independent directors to its board.

Former PTC India chief and Adani Group advisor Deepak Amitabh, former RBI regional director Rachna Dikshit, and former Zomato deputy CFO Nitin Savara have joined the edtech behemoth.

According to PhysicsWallah, these nominations comply with the Companies Act’s standards for preserving board independence in the process of going public. Visit Voice of Entrepreneur

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The man who founded the biggest sports shoe firm in India, which competes fiercely with brands like Puma, Adidas, and Nike, has a net worth of…

He was raised in a middle-class household and had no family business. Due to financial difficulties, he began working early in life and progressively picked up business abilities.

Global powerhouses like Nike, Adidas, and Puma face fierce competition from Campus Activewear, one of India’s biggest shoe manufacturers. Founded by Hari Krishna Agarwal, an entrepreneur from Delhi, the company has expanded quickly, now boasting over 20,000 retail locations and 35 unique boutiques nationwide.

It exports shoes to other nations and runs five plants in India, selling 15 million pairs a year. The brand is promoted by celebrities such as Varun Dhawan and Sachin Tendulkar.

Hari Krishna Agarwal’s path is motivational. He was raised in a middle-class household and had no family business. He began working at an early age due to financial difficulties and progressively acquired business abilities. He started dabbling with tiny enterprises when he was eighteen, and in 1983, with no outside capital and with the help of friends and family, he started selling sports shoes under the “Action” brand. Visit Voice Of Entrepreneur

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Krutrim receives further Ola Electric shares from Bhavish Aggarwal, whose personal pledge is now 8%.

Around Rs 603 crore is the total pledged value of Aggarwal’s Ola Electric shares, at the current NSE share price of Rs 56.37. Idleness

The creator of Ola Electric and the AI firm Krutrim, Bhavish Aggarwal, stated in a March 6 regulatory filing that he will promise an extra 5.88 crore shares of Ola Electric in order to acquire funds for Krutrim. An earlier commitment of 1.1 percent shares was supplemented by the most recent pledge.

This is recognized as the second and last pledge to finance Krutrim.

Given the current share price of Rs 56.37 on the NSE, the entire pledged value of Aggarwal’s Ola Electric shares is almost Rs 603 crore. In order to raise money for Krutrim, he has now committed to investing roughly 2.43 percent of Ola Electric’s total shares, or 8.09 percent of his own ownership position in the business.

Aggarwal pledged Rs 10,000 crore by the following year and announced an investment of Rs 2,000 crore in the AI business on February 4.

The goal of Krutrim, which translates to “artificial” in Sanskrit, is to construct the full AI computing stack. Visit Voice Of Entrepreneur

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Larry Page, a co-founder of Google, is entering the AI manufacturing space with THIS new company, which might revolutionize the future of…

Google co-founder and tech tycoon Larry Page is venturing into the realm of artificial intelligence (AI) with a new company called Dynatomics. In order to provide highly efficient design renderings of products that could be produced in factories, the company wants to develop sophisticated AI technologies. Page’s increasing interest in AI and its possible effects on the industrial industry is demonstrated by this action. Visit Voice of Entrepreneur

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A Potent AI System for Genetic Research is Unveiled by Nvidia

Manufacturer of AI chips, with the goal of accelerating medical and genetic advancements, Nvidia announced on Wednesday that it and its research partners had developed what they describe as the largest artificial intelligence system to date for biological research.

Evo 2, the new artificial intelligence system, is able to read and create genetic code from all living species.

Researchers expect that by identifying patterns in massive volumes of data that would typically take years to evaluate manually, AI technology can significantly speed up research.

The algorithm was trained using about 9 trillion genetic data points from more than 128,000 distinct creatures, including humans, plants, and bacteria. Read more

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Zepto Eyes IPO in 2025 After $350M Funding, Aims Profitability by 2024

Zepto, the fast-growing quick commerce company, is poised for a significant leap with a fresh $350 million funding round led by prominent domestic investors. The company is now steering towards becoming fully Indian-owned by FY26 and is aiming for profitability by the next financial year. In addition, Aadit Palicha, the CEO and co-founder, has alluded to a possible IPO by 2025.

In an interview with PTI, Palicha responded to criticisms that quick commerce disrupts traditional kirana stores, dismissing these claims as “data-free narratives” that fail to recognize the sector’s contribution to job creation and economic growth. “Our 10-minute delivery model has created over 4.5 lakh jobs, offering wages far above the informal sector average,” he explained, emphasizing that Zepto utilizes Indian technology to deliver unmatched grocery services. Read More - https://voiceofentrepreneur.life/zepto-plans-ipo-by-2025-after-securing-350-million-funding-targets-profitability-in-2024/

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SoftBank CEO Meets Startup Founders

On Wednesday, SoftBank CEO Masayoshi Son met with startup founders to discuss topics like Artificial Intelligence (AI), Gen AI potential, investments, and collaborations. Founders from over 10-12 startups, including Paytm’s Vijay Shekhar Sharma, Flipkart CEO Kalyan Krishnamurthy, Lenskart co-founder Peyush Bansal, Ola’s Bhavish Aggarwal, and InMobi founder Naveen Tewari, attended the meeting. According to sources familiar with the meeting, the main focus was on AI and its future.

Son later held one-on-one discussions with a few founders, including Tewari and Aggarwal. Tewari shared insights into InMobi’s work and its AI-based software company, Glance, in the GenAI space. SoftBank first invested in InMobi in 2011, which became India’s first unicorn startup after SoftBank’s $200 million investment.

Sources noted that Son expressed interest in Glance and suggested that SoftBank may invest in it in the future, as it is already backed by investors like Google and Jio Platforms. Read More - https://voiceofentrepreneur.life/softbank-ceo-meets-with-founders-of-startups/

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Meet the Billionaire Richer Than Ambani and Adani

Jensen Huang, the self-made billionaire and founder of Nvidia, one of the world’s most valuable companies with a $3.6 trillion net worth, ranks 11th among the world’s richest individuals, surpassing Mukesh Ambani and Gautam Adani.

Starting as a dishwasher at Denny’s after graduating from Aloha High School near Portland, Huang earned a master’s degree in electrical engineering from Stanford University before working at LSI Logic and AMD. In 1993, he co-founded Nvidia with friends Chris Malachowsky and Curtis Priem. His hard work and leadership have brought him a net worth of $111 billion, solidifying his place among the wealthiest.

In a recent interview, Huang shared his love story with his wife, Lori Huang, whom he met as a 17-year-old freshman at Oregon State University. At a Hong Kong University of Science and Technology event, the 61-year-old revealed his clever pickup line to win her over: “I walked up to her and said, ‘Do you want to see my homework? If you do homework with me every Sunday, I promise you’ll get straight As.’”

At the time, Lori was 19, and Huang admitted that he looked like a child, using homework as an excuse to spend time with her. Their weekly Sunday dates eventually led to their marriage five years later. The couple now has two children, Madison and Spencer, who are involved with Nvidia.

Also Read - https://voiceofentrepreneur.life/meet-the-businessman-wealthier-than-mukesh-ambani-and-gautam-adani-who-charmed-his-wife-with-a-simple-pickup-line/

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Trump's Strategy Outpaces Harris' Vision: Business vs. Consumers

President Donald Trump’s re-election to a second term was a decisive victory for business and investment — two vital engines of economic growth. His campaign promises consistently reflected a strong pro-business ideology, emphasizing support for entrepreneurship and corporate expansion. This approach stood in stark contrast to Vice President Kamala Harris’s consumer-oriented strategy, which appeared to neglect the essential equilibrium between fostering investment and stimulating consumption.

Donald Trump’s business-first agenda

A key highlight of President Trump’s first term was the 2017 Tax Cuts and Jobs Act (TCJA), which prioritized empowering small businesses, entrepreneurs, and investors by allowing them to reinvest more capital into their ventures. The TCJA introduced several pro-growth measures, such as the 20% qualified business income (QBI) deduction, the option to fully expense equipment purchases, and a reduction in the corporate tax rate from 35% to 21%. During his campaign, Trump proposed further lowering the corporate tax rate to 15%, reinforcing his commitment to accelerating corporate investment. Read More-https://voiceofentrepreneur.life/business-vs-consumers-why-trumps-strategy-outpaces-harris-vision/

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xAI's Value Surpasses Musk's Twitter Purchase

Elon Musk’s AI startup, xAI, is reportedly valued at $50 billion, which is $6 billion more than the $44 billion he paid for Twitter, now known as X.

As per a Wednesday report from The Wall Street Journal, xAI announced that it raised $5 billion in a funding round, boosting its valuation to twice what it was earlier this year.

This new valuation of $50 billion now exceeds the $44 billion Musk spent on acquiring Twitter in October 2022. In comparison, X was valued at just $9.4 billion in September, according to Fidelity, which has significantly written down its investment by 79% since the acquisition.

The Journal also noted that xAI had previously been in talks to raise funds at a valuation of $40 billion.

Since Musk’s takeover of Twitter in 2022, the platform has faced challenges, including a drop in advertising revenue due to major brands pulling ads, and difficulty in attracting advertisers back to the platform. Read More-https://voiceofentrepreneur.life/elon-musks-startup-xai-is-now-reportedly-valued-higher-than-the-amount-he-paid-for-twitter/

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Meet the Man Earning More Than Elon Musk – But Not in the Top 10 Richest

Elon Musk, the CEO of Tesla, has solidified his position as the world’s wealthiest individual. A significant 29% surge in Tesla’s stock has raised Musk’s net worth to $314 billion. His wealth has increased by $84.7 billion this year, putting him far ahead of Amazon’s Jeff Bezos, who holds a net worth of $230 billion.

However, Musk isn’t the top earner of 2024. That distinction goes to Jensen Huang, the CEO of NVIDIA. Huang’s net worth has risen by $84.8 billion this year, slightly edging out Musk’s gains. Despite this, Huang’s total wealth stands at $129 billion, ranking him 11th on the global rich list.

NVIDIA’s outstanding performance in 2024 has played a key role in Huang’s wealth growth. The company’s market capitalization recently surpassed Apple’s, reaching $3.621 trillion, making it the most valuable company globally. Huang, who owns a 3% stake in NVIDIA, has greatly benefited from this surge. Read More -https://voiceofentrepreneur.life/meet-the-man-who-earns-more-than-elon-musk-but-isnt-listed-among-the-worlds-top-10-richest-individuals-heres-why/

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Trump Names Ex-WWE CEO as Education Chief

Donald Trump has nominated Linda McMahon, the former CEO of World Wrestling Entertainment (WWE), to head the Department of Education, which he has pledged to eliminate.

In a statement, Trump described McMahon as a “strong advocate for Parents’ Rights” and said, “We will return Education BACK TO THE STATES, and Linda will lead that initiative.”

McMahon, who co-chairs Trump’s transition team as he prepares to return to the White House in January, is responsible for filling around 4,000 government positions.

Trump highlighted McMahon’s two-year tenure on the Connecticut Board of Education and her 16 years on the board of trustees at Sacred Heart University, a private Catholic institution, as relevant experience for the role.

McMahon, who left WWE in 2009 to unsuccessfully run for a US Senate seat, has been a significant donor to Trump. Since 2021, she has chaired the Center For The American Worker at the America First Policy Institute, a Trump-aligned organization. Read More -https://voiceofentrepreneur.life/trump-appoints-former-wwe-ceo-as-head-of-the-department-of-education/

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Meet India’s First Female Entrepreneur Behind a ₹917 Crore Empire

Kalpana Saroj’s journey is a true testament to resilience and determination, evolving from a young girl facing immense hardships to becoming one of India’s most impactful business leaders. Rising from humble beginnings, she turned around a failing enterprise, showcasing the power of grit and vision. Reports highlight her as India’s first female entrepreneur.

Hailed as a pioneer among Indian women entrepreneurs, Saroj shattered societal norms and economic barriers to achieve unparalleled success. From enduring poverty and prejudice to reviving the struggling Kamani Tubes company, her inspiring journey continues to motivate countless aspiring leaders.

Born in 1961 in Roperkheda, Akola, Maharashtra, into a Marathi Buddhist family, Saroj was the eldest of five siblings. Her early life was marked by hardship, including a child marriage at 12 that led to abuse. Rescued by her father, she faced ostracism upon her return to the village, leading to a suicide attempt. Determined to change her fate, she moved to Mumbai at 16, taking up factory work to support her family and secure a brighter future. Read More-https://voiceofentrepreneur.life/meet-the-first-indian-female-entrepreneur-behind-a-rs-917-crore-business-its-not-nita-or-isha-ambani/

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Vodafone Idea CEO: Subscriber Losses to BSNL Reversing

Vodafone Idea (VIL) CEO Akshaya Moondra discussed the impact of recent tariff increases on subscriber numbers, specifically noting the influence of state-run BSNL in attracting customers. Despite an initial dip in users, Moondra highlighted a stabilization in the trend, with gradual improvements in subscriber figures.

During VIL’s Q2 earnings call for the quarter ending September 30, 2024, Moondra acknowledged a temporary loss of subscribers following the tariff hike in July. Many migrated to BSNL, which mainly offers 3G services and limited 4G in select regions, owing to its affordability.

However, the situation appears to be improving. We experienced an impact from BSNL earlier in the quarter, but we’ve seen a noticeable turnaround from August through November,” Moondra stated. He expressed optimism that Vodafone Idea is nearing its pre-tariff-hike subscriber levels, although a full recovery may take longer.

For More Update Please visit This Site-https://voiceofentrepreneur.life/vodafone-idea-ceo-akshaya-moondra-notes-subscriber-losses-to-bsnl-after-tariff-hike-are-now-reversing/

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Zomato CEO Deepinder Goyal Offers Job After Bengaluru Resident’s Feedback

Zomato has rolled out an innovative new feature called “Food Rescue,” designed to allow users to purchase canceled food orders at discounted prices. The goal of the initiative is to minimize food waste by offering perfectly good, unclaimed meals to nearby customers at lower rates. To ensure the quality and safety of the meals, they are carefully packed and remain untampered with.

In terms of payments, Zomato revealed that it will retain only the applicable taxes from these transactions, while the restaurant partners will receive both the original payment and an additional amount from the reselling of these orders.

Zomato CEO Deepinder Goyal shared the news on X (formerly Twitter), revealing that Zomato handles over 400,000 canceled orders, despite its no-refund policy. These meals will now be included in the Food Rescue program, giving local customers the chance to purchase them at discounted prices, with guaranteed prompt delivery in their original, secure packaging.

Goyal explained, “We don’t encourage cancellations at Zomato as it leads to a large amount of food waste. Even though we have strict policies, over 400,000 orders are still canceled for various reasons by customers. Our top priority, along with the restaurant industry and the customers who cancel, is to figure out how we can save this food from being wasted.”

He continued, “Today, we’re launching Food Rescue! Canceled orders will now pop up for nearby customers who can grab them at unbeatable prices, in their original packaging, and have them delivered within minutes.” Read More-https://voiceofentrepreneur.life/zomato-ceo-deepinder-goyal-responds-to-feedback-from-bengaluru-resident-offers-job-opportunity/