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Nike Unknown Facts

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Nike Unknown Facts,Inspiring Facts about Nike, Interesting Facts 2019, Most Interesting Facts, Real history of Nike, startup stories, Surprising Facts About Nike, Nike Amazing Facts, Nike Facts, Nike Facts 2019, Nike Interesting Facts, Nike Latest News, Nike Success Story,nike founder

Founded by a university track athlete Phil Knight and his coach Bill Bowerman in 1964, Nike Inc., an American multinational corporation, is the world’s largest supplier of athletic shoes and apparel.  Here are some interesting and lesser known facts about Nike.

Unknown facts about Nike 

1) Nike was started when founder Phil Knight was working on one of his college assignments.  Knight worked on a business plan about creating better running shoes with cheap labor, probably from Japan.  With the idea, Phil Knight, along with Bill Bowerman, started importing Japanese shoes to America and started selling them to high school students and athletes.

2) The Company was initially named Blue Ribbon Sports and was a distributor of Japanese shoemaker Onitsuka Tiger.  After it ended its relationship with Onitsuka Tiger, it was renamed Nike, after the Greek Goddess of Victory. Before choosing the name Nike, the Company was almost named Dimension Six, before the founders changed their mind.

3) Nike’s famous slogan “Just Do It” was inspired by an unusual source.  The advertising agency which created the slogan, credited the last words of a convicted murderer Gary Gilmore’s, “Let’s do it,” as the inspiration behind Nike’s world famous tagline.

4) Nike’s logo Swoosh was initially called Stripey.  The logo was designed by a University of Portland student for just $ 35.  After the Company became successful, the student was given stakes worth $ 640,000 in Nike.

5) In the 1987 advertisement for Nike’s Air Max shoes, the Company used The Beatles’ song Revolution for their campaign.  This did not sit well with The Beatles and they sued Nike for $ 15 million.

6) Tinker Hatfield, Nike’s shoe designer and Vice President for Design and Special Projects, also designed the hoverboarding shoes worn by Michael J. Fox’s character Marty McFly in Back to the Future Part II.  

7) Nike created and patented a shoe which has an embedded computing device capable of communicating with the wearer’s smartphone.

8) Known for its unique advertising campaigns, Nike has won two Emmy Awards for its commercials in 2000 and 2002 respectively.

Even after 55 years of its founding, Nike still remains one of the top brands in the world, with an annual revenue of $ 36.39 billion. Which of these facts about Nike surprised you the most?  Comment below and let us know.

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Entrepreneur Stories

India’s Tech Story: Airtel Spreads AI Access, Ohm Mobility Lessons

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Airtel AI

Bharti Airtel has launched the innovative “Airtel-Perplexity Blueprint,” partnering with Perplexity to provide over 360 million customers free access to Perplexity Pro for a year—a benefit valued at ₹17,000 ($200). This collaboration enables Airtel users across mobile, broadband, and digital TV to harness advanced capabilities in generative AI, including leading AI models like GPT 4.1, Claude, and Gemini, along with up to 300 Pro searches daily, image generation, document analysis, and personalized planning services. The move is seen as a milestone for telecom innovation and the democratization of AI in India, making powerful research and productivity tools accessible to a massive user base.

This strategic partnership positions Airtel as an “AI-first” telecom provider, allowing it to gain key insights into user interactions with artificial intelligence and adapt its networks for growing digital demands. For Perplexity, the tie-up grants exclusive access to India’s vast telecom audience, rapidly propelling the app to the No. 1 spot on the Indian App Store, surpassing global competitors like ChatGPT and Google Gemini. Airtel customers can activate their complimentary subscription seamlessly through the Airtel Thanks App, under the Rewards and OTTs section, reinforcing Airtel’s commitment to digital customer empowerment.

The broader Indian startup ecosystem reflects both breakthrough innovation and hard-earned lessons, illustrated by the recent shutdown of Ohm Mobility, an EV financing startup. Despite multiple pivots and industry-leading investors, Ohm Mobility struggled to achieve a sustainable business model—a reminder of the challenges in market fit and adaptability. As AI adoption accelerates and startup realities evolve, industry leaders like Airtel and Perplexity are setting new standards, while others, like Ohm Mobility, offer valuable insights on resilience and the importance of business model flexibility in India’s dynamic tech landscape.

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Entrepreneur Stories

Tesla Secures Mumbai Facility as Key Step in India Market Entry

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Tesla StartupStories

Tesla has ramped up its India expansion by leasing a 24,565 sq ft warehouse at Lodha Logistics Park in Mumbai’s Kurla West. The five-year lease, registered on May 16, 2025, involves a total rent of over ₹24 crore, starting at ₹37.53 lakh per month with a 5% annual escalation. The facility includes two ground-floor units and 20 parking spots, with rent payments commencing June 1, 2025.

This warehouse will function as a key service center and garage for Tesla’s India operations, excluding bodywork and spray painting. The move supports Tesla’s preparations for its official market debut, expected in late 2025 or early 2026.

Tesla’s India rollout includes offices in Pune, flagship showrooms in Mumbai’s Bandra Kurla Complex (BKC) and Delhi-NCR, and co-working spaces in Mumbai. The new warehouse lease highlights Tesla’s commitment to building a robust infrastructure for sales, service, and delivery of electric vehicles and energy products across India.

While manufacturing plans are not yet confirmed, Tesla is reportedly exploring sites in Maharashtra for a potential assembly unit. The Mumbai warehouse lease marks a significant step in Tesla’s strategy to establish a strong presence in one of the world’s fastest-growing EV markets.

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Inverstors Stories

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.

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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