Gurugram (Haryana) [India], August 18 (ANI/PRNewswire): After successfully hosting Asia's largest HR and Worktech conference, People Matters TechHR India for many years, the learning experience continues to create history virtually.
India s ShareChat valued at $2 88 billion in $145 million fundraise – TechCrunch techcrunch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techcrunch.com Daily Mail and Mail on Sunday newspapers.
Solving the leadership puzzle
Last Updated: Apr 09, 2021, 12:26 PM IST
Share
Synopsis
Is a founder the best person to lead a startup or is it a job cut out for a professional CEO? We try to find out
ET Spotlight
It’s the dream of every entrepreneur to become a Bill Gates, a Warren Buffet or a Larry Page, each of whom founded a company, led it for many years and then stepped down to make way for an outside CEO. However, successful CEO-cum-founders are a rare breed. According to a study by World Management Survey, companies that are led by their founders are 9.4 per cent less productive with consistently low management scores. Both of these factors typically increase when the founder-CEO is replaced.
ShareChat valued at $2.1 billion in $502 million fundraise
ShareChat said on Thursday it has raised a new financing round that values it at over $2 billion, joining four other local startups in attaining the unicorn status this week.
The Indian social network said it has raised $502 million in a new financing round Series E led by Tiger Global that valued ShareChat at $2.1 billion, up from about $650 million last year. Snap and existing investors Twitter and Lightspeed Venture Partners also participated in the round, said ShareChat, which has raised about $765 million to date.
The six-year-old startup began engaging with investors for new funds about 10 months ago, and explored a full buy out deal with Twitter, which didn’t materialize, TechCrunch reported earlier.
The story of a startup born in the middle of a pandemic and how it got its first cheque from 100X VC yourstory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yourstory.com Daily Mail and Mail on Sunday newspapers.