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Former Zynga India Head Shailesh Daxini had an incredible stint with some top tech global firms before he started his own ventures both of which failed

The Bengaluru-based startup, which raised $18 million since 2020, had laid off 90% of its employees over two rounds to rein in costs in a failing business model, before finally shutting shop in June.

With the global liquidity situation changing, institutional investors were no longer interested in waiting patiently for startups to go hybrid. The pressure of meeting the promised targets and churning out profits even as ground reality turned hostile led several startup founders to cut corners in recognising revenues, reporting financials or painting an all-is-well picture.

Investors are interested in how revenue is accounted for when bookings are finalised, such as whether a straight-line revenue recognition is employed (dividing revenue by the subscription period), how discounts and cancellations are accounted for, and the proportion of revenue derived from subscriptions versus the sale of hardware.

Backed by the glorious 26-year legacy and a strong foundation of values, ethics, excellence, research, innovation and entrepreneurship, Manav Rachna makes sure that students identify their ‘ikigai’ correctly and at the right time.