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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The once-promising media startup has seen its CEO resign in the wake of a yet-unreported sexual harassment complaint.
This story starts in October 2021. The team at digital content company ScoopWhoop was quite pumped. The firm had finally landed a buyer and was prepping for its payday. It had been a long time coming.
Founded in 2013 by Sattvik Mishra, Rishi Pratim Mukherjee, Sriparna Tikekar, Debarshi Banerjee, Saransh Singh and Suparn Pandey—most of whom worked in advertising—ScoopWhoop was meant to be India’s answer to BuzzFeed. Easier said than done. For a while, ScoopWhoop made all the right noises, garnering big traffic numbers and raising funds from venture capital investors such as Kalaari Capital and AdvantEdge. But like many …
Three board members have exited the beauty company, amid a severe cash crunch and an unraveling content-to-commerce narrative. New conversations suggest this billion-dollar story may have been all hype.
The company that runs a clutch of beauty and content brands is scrambling to find an investor or a buyer for its assets. Its problems go way beyond money though.
Founders Aditi Shrivastava and Ashwin Suresh talk about what it takes to run a content business in India, media valuations and their decision to sell the company.
