startup - NewNerve

In a significant development, Magicpin, the hyperlocal e-commerce startup backed by Zomato, bids farewell to one of its co-founders. Brij Bhushan, who co-founded Magicpin in 2015 alongside Anshoo Sharma, recently announced his decision to step away from the company. As a journalist, let’s delve into the details of this departure and its implications. The Rollercoaster Journey Bhushan’s LinkedIn post reveals a nine-year journey filled with highs and lows. He describes it as a “rollercoaster,” emphasizing growth, challenges, and profound learnings. Now, he believes it’s time to take a step back, leaving Magicpin in capable hands. Magicpin’s Resilience Amidst Adversity Covid-19 Resilience: When the pandemic threatened Magicpin’s existence, the team fought back. T...

BlaBlaCar, the popular carpooling platform, has achieved a significant milestone by securing a $108 million debt line. This comes after the company reached profitability, signaling its financial stability and growth trajectory. The debt financing will likely fuel BlaBlaCar’s expansion plans, enhance its services, and further solidify its position in the ride-sharing market. As the platform continues to connect travelers and drivers, this funding injection could lead to exciting developments for both users and investors. Also Read: Navi’s 90-10 Rule: Scaling Up Despite RBI’s Unsecured Loan Norms BlaBlaCar’s Background and Unique Trajectory BlaBlaCar, an iconic name in the French startup ecosystem, has been on a remarkable journey. What began as a carpooling and bus tic...

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Zomato-Backed Startup Magicpin: Co-Founder Brij Bhushan’s Exit and What It Means

BlaBlaCar Accelerates: Profitability Milestone and $108 Million Debt Line