0:00 Intro
1:40 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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Tu tu tu Max Verstappen
Links:
Indian Startup Funding Database: https://meadow-pillow-7fa.notion.site/BwM-Startup-Funding-Database-303101b874824f4c91fae9fc8ce6d450
This week’s funding: https://meadow-pillow-7fa.notion.site/W7-Q3-FY26-2aa08566a360806da65bff31ac607882
Funding over time: https://docs.google.com/spreadsheets/d/10-sWaL38VYz–CqQNMQEwsG9xRBAx3nwOLRKzRD4BkY/edit?gid=0#gid=0
USA had PayPal mafia, India has Flipkart mafia
Sitaraman : chal tax nikal😂😂
Meanwhile Ambani selling Cucumber and packaged water 😂😂
Only ather is real innovation others are not
But these startups and the upcoming ones are still not making something substantial. No manufacturing innovation, no tech framework. Everything is import based is it's raw material, small machinery or tech base infrastructure. Why is no one working on infrastructure space? What are these new investors doing?
Only man is telling positive love you bro
Hey , where we can see that startup funding list ??
The only fool here is laudesh aggarwal. Dude single handedly destroyed the EV reputation in india. By acting pro nationalist he gained attention and then later started sucking narayan murthy's pubes so that he can drain his employees by working them overtime and harrassing them until they hang themselves