Woes of edtech sector, analysis of March quarter, InsuranceDekho's gambit are some of the stories that piqued the interest of our readers this week
1) Habit of giving
Since his retirement in 2014 from Infosys, Senapathy 'Kris' Gopalakrishnan has been using his personal wealth for a cause—to understand how the brain works so that new treatments and interventions can improve the quality of life of older adults. Brain research, because of its intricacies and the lack of understanding in philanthropic circles, receives very little public and private funding. “Somebody has to support research. But before I ask my colleagues, not just in the IT industry but across, to increase funding in research, I have to walk the talk, right?†Gopalakrishnan remarks. He has earmarked close to Rs 750 crore towards brain research over the next decade. Lets dissect his bet on a niche. Read here
2) Bare necessities
In 2009, Ankit Agrawal had a cushy job working for investment bank UBS in New York after an MBA in finance from Delhi University. After three years, in August 2013, he quit his job and joined a startup in Bengaluru to test his aptitude for the startup life. Then, before taking the plunge into the insurance sector in 2017, he travelled extensively across smaller towns and villages of Haryana and Rajasthan and met over 3,000 insurance agents to see how he can merge the best of the offline and online worlds for insurtech. The result is InsuranceDekho. With his venture, Agrawal is adding one more item to the bare necessities—roti, kapda, makan—aur [and] bima (insurance). With insurance penetration still dismal in India, Agrawal has a wide canvas waiting to be worked on. Read hereÂ