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Instagram: The True Founding Story

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Instagram True Founding Story,Startup Stories,Startup News India,Best Motivational Stories,Inspirational Stories 2018,Instagram Success Story,Photo Sharing App Instagram,Instagram Founders,Largest Mobile Photo Sharing App,Life Story of Instagram Founders,Instagram History,Instagram App Features

Instagram, the photo sharing app created by Mike Krieger and Kevin Systrom from Stanford University, spins the tale of success capitalized the right way. Launched way back in the year 2010, Instagram today boasts of 700 million registered users, with more than 400 million people visiting the site on a regular basis. Out of the 700 million users, around 17 million are from the United Kingdom alone!

When the two founders started talking about their idea, they quickly realised they had one goal in mind: to make the largest mobile photo sharing app. However, before Instagram, the two had worked together on a similar platform called Burbn. For Instagram to work, Krieger and Systrom decided to strip Burbn down to the bare necessities. Burbn was quite similar to Instagram and had features which allowed users to add filters to their pictures.

The pair looked at how users in Burbn’s beta gravitated toward photo sharing and then studied every single popular app in the photograph category. Mike and Kevin scrapped Burbn completely and decided to create a brand new platform. Very soon, they realised the photo sharing app had gotten a little saturated. During the multiple stages of development and modifications, a precursor to Instagram called Scotch was made. However, Scotch tanked because it didn’t have many filters, was slow and riddled with a few too many bugs.

With their UX skills, Krieger and Systrom refined Instagram to require as few actions as possible. Unlike the original version of Path, Instagram didn’t force users to add tags about people or places to their photos. A photo could be posted in as few as three clicks. Mirroring Twitter, they made Instagram public by default. After months and months of testing, Instagram was officially launched on 6 October, 2010.

Launched at just the right time, Instagram had 25,000 users on its very first day! For late 2010, with fewer I Phones in the market, that was quite a big number. Krieger and Systrom were not only minimalist in their approach to the app, but to the market as well. New financing gave Systrom and Krieger the opportunity to hire more people, but the founders kept the company very lean with barely a dozen employees. By March 2012, the app’s user base extended to more than 27 million.

Once Instagram was released for Android phones, the app was downloaded more than one million times a day. Interestingly, the online social media platform was all set to receive an investment of $ 500 million. Furthermore, Systrom and Zuckerberg were in talks for a Facebook poised takeover. In April 2012, Facebook made an offer to purchase Instagram for about $ 1 billion in cash and stock, with the key provision that the company would remain independently managed. Shortly thereafter and just prior to its initial public offering, Facebook acquired the company for the whopping sum of $ 1 billion in cash and stock.

After the Facebook acquisition, the Instagram founders have done little to change the user phase, sticking to the simplicity of the app. The astounding rise of Instagram’s popularity proves that people believe in real connections rather than those based on only words.

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Tesla Secures Mumbai Facility as Key Step in India Market Entry

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Tesla has ramped up its India expansion by leasing a 24,565 sq ft warehouse at Lodha Logistics Park in Mumbai’s Kurla West. The five-year lease, registered on May 16, 2025, involves a total rent of over ₹24 crore, starting at ₹37.53 lakh per month with a 5% annual escalation. The facility includes two ground-floor units and 20 parking spots, with rent payments commencing June 1, 2025.

This warehouse will function as a key service center and garage for Tesla’s India operations, excluding bodywork and spray painting. The move supports Tesla’s preparations for its official market debut, expected in late 2025 or early 2026.

Tesla’s India rollout includes offices in Pune, flagship showrooms in Mumbai’s Bandra Kurla Complex (BKC) and Delhi-NCR, and co-working spaces in Mumbai. The new warehouse lease highlights Tesla’s commitment to building a robust infrastructure for sales, service, and delivery of electric vehicles and energy products across India.

While manufacturing plans are not yet confirmed, Tesla is reportedly exploring sites in Maharashtra for a potential assembly unit. The Mumbai warehouse lease marks a significant step in Tesla’s strategy to establish a strong presence in one of the world’s fastest-growing EV markets.

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Razorpay Partners with MeitY Startup Hub to Accelerate Deeptech Innovation in Tier II and III Cities

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MeitY Startup Hub (MSH), under the Ministry of Electronics and Information Technology, has partnered with fintech leader Razorpay to support the growth of deeptech and emerging tech startups across India, with a special focus on those in Tier II and III cities. Through this collaboration, early-stage startups will gain access to Razorpay’s fintech infrastructure, mentorship, and resources via the Razorpay Rize program.

Startups in areas like AI, blockchain, robotics, and IoT will benefit from streamlined company incorporation support, expert mentorship, product credits, and guidance for applying to global accelerators such as Y Combinator. Selected founders will also join the exclusive Rize Community, connecting with peer networks and attending masterclasses.

MSH CEO Panneerselvam Madanagopal emphasized that this partnership will help founders scale faster by providing vital support in mentorship, capital access, and digital infrastructure. As India’s startup ecosystem surpasses 159,000 DPIIT-recognised startups, this initiative aims to give deeptech entrepreneurs the tools and networks needed to innovate for India and expand globally.

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PixelSky Capital Unveils INR 400 Crore Secondaries Fund

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Bengaluru-based investment bank IndigoEdge, in partnership with entrepreneur Hitesh Ahuja, has launched PixelSky Capital, a secondaries fund targeting INR 400 crore. The fund will invest in eight late-stage tech and consumer companies expected to go public within three to four years, with cheque sizes of INR 40–50 crore each. PixelSky has already invested in beauty retailer Purplle and aims to close a second deal by June 2025.

 

The fund focuses on secondary transactions, allowing existing shareholders to sell stakes to new investors, providing liquidity ahead of IPOs. Founders have committed INR 10–15 crore, with additional capital coming from domestic family offices and startup founders. Final close is expected by March 2026.

 

Led by Hitesh Ahuja, who sold his foodtech startup Yumlane in 2023, and IndigoEdge cofounder Zerin Rahiman, PixelSky marks IndigoEdge’s expansion from advisory and proprietary investments into fund management. The firm has facilitated over 150 transactions worth around $3 billion and invested INR 25–30 crore as a limited partner in multiple VC funds. PixelSky is currently evaluating about 20 companies before finalizing its portfolio

 

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