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Delhi Based Creator’s Gurukul Raises Angel Funding

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Creator’s Gurukul, backed by Indian cricketer Yuvraj Singh, has raised an undisclosed amount in an angel funding round from Rohit Nanda and others. Rajit Nanda, Chief Investment Officer at ACWA Power in Dubai, Smarak Bhuyan, an investor based out of California and Sashwat Brahma, a banker and environmentalist based out of Singapore also participated in this round.

Creator’s Gurukul is a Delhi based co working space provider, co founded by IIT Delhi alumnus Abhinav Tandon and Mohammed Sirajuddin in April 2017. The company gained the attention of cricketer Yuvraj Singh, who also invested an undisclosed amount in June and signed on to be the brand ambassador for the company. According to an official statement, these investors will also be advising Creators Gurukul’s management team in the matters of strategy and growth.

Renowned banker and equity investor, Rohit Nanda, speaking about the investment said the concept of co working spaces was invading the country with a very high pace. “It was almost an instantaneous decision to participate in Creator’s Gurukul recent funding, as soon as I was exposed to this opportunity, because of its unique business model, well balanced team, alliances and the vision,” he added.

The firm is set to launch their first co working facility in Gurugram with over 500 seats by next month. They also plan to launch two other centers in India by the end of the year and a total of 15,000 seats across the nation in the next 18 months. Speaking about the latest collaboration with the angel investors, serial entrepreneur and co founder Sirajuddin said the firm received a tremendous response because of their unique business model and the right set of collaborations. “This is quite overwhelming for us to see the eminent of the society are keen to partner with us. The latest investment received further strengthens our confidence and brings a larger strength to the venture,” he further added.

Industry veterans such as Taranjeet Sapra, Vikas Sharma, K. S. Sirish, Vineet Tyagi, Surya Prakash and Ram Atri are also part of the Creator’s Gurukul team.

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Dunzo Gets Breather as NCLT Rejects Insolvency Petition from Invoice Discounters

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Dunzo

The National Company Law Tribunal (NCLT) Bengaluru bench has dismissed an insolvency plea filed against quick commerce startup Dunzo by its invoice discounters, declaring the petition “not maintainable” after several postponements. This decision offers temporary relief to Dunzo, which has been facing multiple insolvency petitions from various creditors, including Velvin Packaging Solutions and Betterplace Safety Solutions, over unpaid dues.

The invoice discounters alleged that Dunzo had paid only 50% of the required amounts, though the exact sum was not disclosed. Despite ongoing settlement talks, no resolution was reached, and the tribunal noted Dunzo’s delays in responding to creditor petitions. Dunzo continues to grapple with severe liquidity issues, delayed payments, and significant losses—reporting a ₹1,801.8 crore loss in FY23 and owing approximately ₹11.4 crore to major vendors like Google India and Facebook India.

While this NCLT ruling provides Dunzo some breathing room, the company still faces ongoing financial and operational challenges as it works to resolve its outstanding liabilities.

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How a Golden Retriever Became the Heart and Soul of a Hyderabad Startup’s Workplace

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Golden Retriever in workplace

Hyderabad-based startup Harvesting Robotics has won hearts online by appointing a golden retriever named Denver as its Chief Happiness Officer (CHO). Denver, introduced by co-founder Rahul Arepaka in a viral LinkedIn post, has quickly become the star of the office, spreading joy and boosting morale among employees. The company is now officially pet-friendly, a move Arepaka calls their “best decision.”

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Info Edge Shareholders Approve ₹1,000 Crore Investment in New Venture Fund

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Info Edge

Info Edge (India) Ltd shareholders have overwhelmingly approved an investment of up to ₹1,000 crore in the company’s third venture capital fund, Info Edge Ventures Fund III. The proposal received near-unanimous backing, with 99.9995% of valid votes in favor out of 1,274 participants.

Smartweb Internet Services Ltd, a wholly owned Info Edge subsidiary, will act as sponsor and investment manager for the new fund. This move strengthens Info Edge’s commitment to backing early-stage startups and expanding its footprint in India’s venture capital landscape.

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