The Rise of India's Young Tech Billionaires - - Indian Startups News 287
0:00 Intro1:40 India's IPO Boom
5:05 Unacademy’s 90% Value Collapse
7:12 Quick Update: Ola Electric vs LG Tech Leak
7:42 Quick Update: IIT Bombay Quantum Diamond Microscope
8:16 Quick Update: LAT Aerospace R&D Facility
8:40 Weekly Funding News
This week on Backstage with Millionaires, we’re diving into one of the biggest shifts happening in India’s startup ecosystem — the explosive rise of Indian tech IPOs, and why this new wave of billion-dollar founder liquidity could transform the future of Indian innovation. We break down how founders like Peyush Bansal (Lenskart), Sriharsha Majety (Swiggy), Bhavish Aggarwal (Ola Electric), and the Urban Company team are suddenly sitting on thousands of crores — and why this matters far more than listing gains.
This is the beginning of a powerful trend: founders turning into India’s newest investor class, backing the kind of long-term, high-risk companies traditional VCs avoided.
We also cover the dramatic fall of Unacademy — once valued at $3.4 billion and now reportedly in talks to sell for around $350 million. From the edtech bubble bursting to leadership exits and a shift in focus toward Airlearn, we unpack how two “lost years” led to one of India’s biggest startup value collapses.
Then, in our Quick Updates, we cover:
Ola Electric responding to allegations related to LG’s battery technology.
IIT Bombay unveiling India’s first Quantum Diamond Microscope under the National Quantum Mission.
LAT Aerospace — cofounded by Zomato’s Deepinder Goyal — opening a 50,000 sq ft R&D facility to build its own aircraft components.
Finally, in our Weekly Funding News, we highlight the $132 million raised this week — including rounds from Finnable, Aequs, HRS Navigation, Coratia Technologies, and Trishul Space.
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