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Paytm CEO Vijay Shekhar Sharma Became India’s Youngest Billionaire

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Paytm CEO Vijay Shekhar Sharma has just become India’s youngest billionaire. His company’s graph got a shot up when the Country was hit by the government’s Demonetization move.

Founder and CEO of Paytm, Vijay Shekhar cites Alibaba Founder Jack Ma as his inspiration. Paytm, now has 20 crore users, which is nearly one in every six Indians. According to the survey of Hurun Rich List 2017, Sharma is listed as the youngest billionaire. At a very young age of 38, he stands as an owner of assets worth $1.5 billion (Rs.10,000 crores.)

Meanwhile, Flipkart’s owners Sachin Bansal and Binny Bansal who made it to the 2016’s List couldn’t find a place this year. Even though their net worth is $1.4 billion each, did not make it because of the constant devaluation by investors.

Vijay Shekhar Sharma was not listed in the 2016’s list but now is ranked as the 61st richest Indian. Born in Aligarh, Uttar Pradesh, he had one of the most incredible journeys to the top. He joined the Delhi College Of Engineering just at the age of 15. Vijay started his first website ‘indiasite.net’ when he was 21 years old and sold it two years later for $1 million.

In 2005, he started One97 Communications which offered mobile content like news, cricket scores, and updates. One97 Communications is the parent company for Paytm which was launched in 2010.

“I planned to buy a Rolex when Paytm’s valuation hits $10 billion” he exclaims.

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Dunzo Gets Breather as NCLT Rejects Insolvency Petition from Invoice Discounters

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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.”

Denver’s new role has sparked widespread attention, with thousands liking and commenting on the announcement. Many see Denver’s presence as more than just a cute story—it highlights a growing trend of pet-friendly workplaces that prioritize employee well-being and happiness. As companies increasingly focus on holistic wellness, Denver’s appointment shows that sometimes, a wagging tail is the best way to brighten the workday.

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

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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.

Info Edge has a strong track record as an early investor in leading Indian startups like Zomato and PB Fintech, with combined holdings in these firms valued at ₹31,500 crore ($3.7 billion) as of March 31, 2025.

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