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Inc42 Profile picture
@Inc42
Feb 11, 2022 • 11 tweets • 8 min read • Read on X
Scrolly
How Ex Twitter India Chief Is Reimagining #Education In A Virtual World

Lets understand in this #thread ⬇️

@tanaypratap @manishm @invactHQ | #Metaverse #web3 #edtech
👉 Former Twitter India CEO Manish Maheshwari and Tanay Pratap, a former senior software engineer at Microsoft, recently launched Invact Metaversity (@invactHQ), offering an immersive campus experience to students.

@manishm @tanaypratap
The startup has just raised funding from 70+ global and local investors 👇

@TVMohandasPai @kishore_biyani @drriteshmalik
inc42.com/buzz/manish-ma…
Inc42 caught up with the cofounders, Maheshwari and Pratap on the company’s future plans, challenges, competition and more.

@manishm @tanaypratap
➡️What made you launch Metaversity?

@manishm: During COVID times, we saw how students suffered when everything moved online. Most of them could not go to college. They missed classes and good placement opportunities.
You have launched Meta MBA on Metversity. What’s the plan? Is it going to be limited to higher education only?

@manishm:
@manishm:
@manishm:
➡️Can we call it a marketplace then?

@manishm: Yes, a marketplace embedded with the layers of community and social experiences.
➡️Don’t you think this could be easily replicated? While the Indian government has already announced plans to launch a digital university, edtech startups like BYJU’s and Unacademy too may come up with similar offerings later?

@tanaypratap:
Read the full interaction with @manishm and @tanaypratap here 👇

@invactHQ
inc42.com/features/how-e…

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More from @Inc42

Inc42 Profile picture
May 31
The numbers are in! Here’s a quick recap of some of the hottest startups that released their financials in the month of May ➡️

Some key highlights:

🔶 Zomato’s PAT stood at INR 351 Cr in FY24 as against a loss of INR 971 Cr in FY23.

A thread🧵: (1/10) Image
(2/10) Image
🔶 Honasa turned profitable for the full fiscal year in FY24. Profits stood at INR 110.52 Cr as against a loss of INR 150.96 Cr it incurred in FY23.

(3/10) Image
Read 10 tweets
Inc42 Profile picture
May 7
Incred Alternative Investments, the alternative asset management unit of InCred Capital, has marked the first close of its maiden private equity fund.

A thread🧵: (1/4)
Launched late last year, InCred Growth Partners Fund – I (IGPF – I) has garnered capital commitments of over INR 330 Cr in the first close, with a target of final close at INR 500 Cr.

(2/4)
The fund aims to invest in growth and late-stage companies across consumer, financial services and enterprise or technology sectors with an average ticket size of INR 40-80 Cr.

(3/4)
Read 4 tweets
Inc42 Profile picture
Nov 5, 2023
After nearly a decade in India, food delivery is finally a profitable business. But it’s not just Zomato — Swiggy, too, is close to cracking profitability.

Zomato’s second consecutive profitable quarter shows that the company in particular has figured it out.

A thread: (1/4)
The Deepinder Goyal-led company capitalised on the revenue momentum in FY24 and seems poised to become a profit-making machine based on what we have seen this year.

(2/4)
The food delivery race has been fuelled for nearly a decade by VC money, but it seems the duopoly will now rely on cash generated by the business.

(3/4)
Read 4 tweets
Inc42 Profile picture
Nov 21, 2022
General Partners (GP) are the showrunners of a #VC firm. If they perform well, they can make big money. But if they lose, their career is over.

A 🧵on how do VCs make money…
#VCs make money in 2 ways:

1️⃣ Management Fee - typically 2% per annum of the total corpus across the fund lifecycle (10 years)

2️⃣ Carry - usually 20% of the profits generated after returning the initial capital of the investors

Let’s take the recent example of #IndiaQuotient👇
The Bangalore based VC firm returned its first fund of ₹32 Cr with a net multiple of 5.9x to its investors. Took them 9 years.

So 𝗳𝗼𝗿 𝗲𝘃𝗲𝗿𝘆 𝗜𝗡𝗥 𝟭 𝗖𝗿 𝗶𝗻𝘃𝗲𝘀𝘁𝗲𝗱 𝗶𝗻 𝘁𝗵𝗲 𝗳𝘂𝗻𝗱, 𝘁𝗵𝗲𝘆 𝗿𝗲𝘁𝘂𝗿𝗻𝗲𝗱 𝗜𝗡𝗥 𝟱.𝟵 𝗖𝗿 𝘁𝗼 𝘁𝗵𝗲𝗶𝗿 𝗟𝗣𝘀 🔥

👇
Read 7 tweets
Inc42 Profile picture
May 3, 2022
.@CCI_India has reportedly made a change in its interpretation of the ‘relevant market’, leading to several digital platforms facing #antitrust probes.

1/n
 inc42.com/buzz/parliamen…
The development comes at a time when a lot of tech companies are under the antitrust body’s scanner🔍

👉 #Amazon, #Flipkart, #Google, #Zomato, #Swiggy, #Apple and more

@CCI_India @akgupta_cci
2/n
🔎@CCI_India 👉 #Google

The CCI is conducting an investigation against Google for alleged abuse of its dominant position in the online news publishing business. ⏬

inc42.com/buzz/antitrust…
3/n
Read 6 tweets
Inc42 Profile picture
May 3, 2022
.@Google has said that the tech giant will remain committed to accelerating growth in India’s digital ecosystem. 📈

@GoogleIndia @sundarpichai
The tech giant has been investing in India’s digital ecosystem with the help of the #Google for India Digitisation Fund, investing a total of upwards of $5 Bn in @reliancejio and @airtelindia. 💰
#Google invested about a billion dollars in Bharti #Airtel in 2022, acquiring a nominal stake in the telecom player while also putting a part of the investment towards smartphone affordability programs. 📲

@Google @GoogleIndia @airtelindia @sundarpichai
inc42.com/buzz/after-bac…
Read 5 tweets

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