
Anuj Suvarna
Writer at The Arc
Assistant editor @YourstoryCo | Tracking Startups and Venture Capital | Hotelier | Views personal.
Articles
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5 days ago |
the-captable.com | Anuj Suvarna
Key Takeaways Medikabazaar’s FY24 loss widened to Rs 395 crore despite 47% revenue growth due to cleaning up past accounting fraud A whistleblower exposed inflated sales and falsified records, leading to legal action and an FIR against founder Vivek Tiwari The audit found undocumented assets worth Rs 10.31 crore, unverified inventory of Rs 18.65 crore, and Rs 74.21 crore in foreign advances lacking proper support Medikabazaar’s scandal highlights broader governance issues across Indian...
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3 weeks ago |
the-captable.com | Anuj Suvarna
Key Takeaways The likes of Pristyn, PB Fintech, and Even are launching new-age hospitals with integrated tech, aiming to control the full stack of care and regain investor confidence The hospital sector offers what digital health never could—dependable profits, trusted distribution, and alignment with private equity metrics like bed utilisation and capex efficiency PE firms are already deeply embedded in Indian hospitals, having backed everything from regional chains to dialysis networks But...
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1 month ago |
the-captable.com | Anuj Suvarna
Key Takeaways A whistleblower complaint in December 2023 uncovered widespread financial fraud at Medikabazaar FY23 statements have since been restated to correct inflated revenues, unverified inventory, and false transactions PwC resigned as auditor after flagging unverifiable inventory and assets, and filing a fraud report with the MCA Series C investors have triggered a Rs 279 crore indemnity claim, alleging fundraising misstatements New leadership is attempting a turnaround amid forensic...
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1 month ago |
the-captable.com | Nikhil Patwardhan |Anuj Suvarna
Key Takeaways India's VC firms are grappling with a new Sebi-mandated exam that has disrupted the industry, pushing seasoned fund managers back into academic mode The exam has been criticised for its theory-heavy, hedge-fund-centric syllabus, seen as misaligned with the practical realities of fund management As firms rush to comply before the May 9 deadline, VCs are promoting compliance professionals; some are even considering shifting fund domiciles offshore Though Sebi has shown openness to...
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2 months ago |
yourstory.com | Anuj Suvarna
Venture capital firm Ortella Global Capital (OG Capital) has appointed Apurva Beniwal as vice president of investments and strategy. Beniwal joins OG Capital with experience across investing, entrepreneurship, and operations. She previously served as a junior partner at a gender-focused fund, where she was involved in investments in 14 startups, including Clovia (acquired by Reliance), and Hair Originals.
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The step motherly treatment from the state towards regional languages is not new, this just hits the new low Even if we keep this aside, Rs 10 cr allotted is the real insult

How Tulu, Konkani and Kodava is upabashe of Kannada? care to explain? @pbilimale https://t.co/rPOK9cjckM

RT @patwardhannn: 🚨 Unacademy founders to step down from the company. In sept 24, when @thecaptableco reached out to Unacademy to check i…

RT @kmr_dilip: There are a few investors who have turned startups into status games. I’ve held back on saying this for a while but it needs…