Inside story of Dailyhunt founder-duo; Rajiv Srivatsa's second innings

Does it make sense to bring in an outsider at the top so late in a company’s life cycle? Here’s the inside story on the blockbuster jodi at Dailyhunt.

Monday June 08, 2020 , 3 min Read

Last week, Reliance Jio Infocomm Limited continued its fund-raising spree. The company raised Rs 9,093.60 crore from Abu Dhabi's state fund Mubadala, and another Rs 4,546.80 crore from Silver Lake, taking the cumulative fundraising to Rs 92,202 crore.

reliance industries mukesh ambani — Image: Flickr

In October 2019, Rajiv Srivatsa, Co-founder of Urban Ladder, sent shock waves when he decided to step down from his leadership role at the omnichannel furniture brand. Now, seven months later, he is treading a new path. In an exclusive interview with YourStory Media, Rajiv revealed that he would be starting operations for Antler, a global VC and startup generator, which aims to enable entrepreneurs to build and scale global businesses.

When former FacebookIndia executive Umang Bedi, who joined Dailyhunt in 2018, recently changed his designation on his LinkedInprofile from President to Co-founder, it created a buzz in the startup circles. Does it make sense to bring in an outsider at the top so late in a company’s life cycle? Here’s the inside story on the blockbuster jodi at Dailyhunt.

In the Centre's Rs 20 lakh crore stimulus package for an “Aatmanirbhar Bharat”, there was no mention of startups in the plan. While the ecosystem is certainly hopeful that the government will announce some startup-specific provisions to help them, NASSCOM President Debjani Ghosh says that the regulatory body is also working with ministries to understand how to help the startup segment. In a conversation with YourStory Founder and CEO Shradha Sharma, Debjani talks about startups struggling amidst COVID-19, steps the government could take to alleviate them, and key learnings to derive from this pandemic.

Last but not least, Mitron TV co-founders Shivank Agarwal and Anish Khandelwal talked about building an 'Indian' social media platform, reaching five million users in a month, scaling the business, and more.

Quote of the day:

"Save cash. Sit on it. If you’re six people, give up that office, stop paying that rental. Cost rationalisation is so, so important. Get ready for the long haul. This is going to take at least a year to 18 months."