Latest news with #AkshayGupta
Time of India
22-05-2025
- Business
- Time of India
'Satya Nadella personally invited him,' family of Indian-origin entrepreneur Akshay Gupta murdered in Austin speaks up
Family and friends remember Akshay Gupta, the Indian entrepreneur, stabbed to death on a bus in Austin. The family and friends of Akshay Gupta, the Indian-origin entrepreneur who was stabbed by a stranger on a bus in Austin, have spoken out about Gupta's long list of achievements and his love for America. His family has revealed that his innovations got noticed by Microsoft CEO Satya Nadella and he was personally invited to meet him. Gupta co-founded FootBit, a startup to help the elderly live independently and safely and he even turned down a $300,000 job offer from Amazon to pursue his startup. He got an O1A visa from the US, which is only awarded to individuals with extraordinary contributions in the field of science. A 31-year-old homeless man, also from India, Deepak Kandel, stabbed Gupta in the neck on a CapMetro bus because he looked like his uncle. Kandel has several charges against him, but he was roaming freely as his mental health was attributed to his crime. Akshay Gupta's friend from Penn University Jasmine said looking at his body at the funeral house was the "most gut-wrenching" experience in her life. 'He was super intelligent and hardworking,' Jasmine said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Cost Of Amusement Park Equipment From Mexico Might Surprise You Amusement Park Equipment | search ads Click Here Undo "He didn't just believe in what he was building. He believed in where he was building it. He believed in America. America was a dreamland and he was more American than anyone," Jasmine said about Akshay. Why the Indian-origin entrepreneur was on a bus As the incident shocked his friends and family members to their core that a stranger could have stabbed the brightest person they knew, they revealed that Gupta recently moved to Austin from Florida and was staying with a roommate. He did not own a car yet. For the startup, they were initially thinking California but they chose Austin and thought it was a better place to launch.
News18
21-05-2025
- News18
Indian-Origin Entrepreneur Stabbed To Death By Fellow Indian ‘Without Provocation' In Texas Bus
Last Updated: The deceased man was identified as Akshay Gupta, who was stabbed by a fellow Indian in the bus in Texas, the police said. A 30-year-old Indian-origin entrepreneur, Akshay Gupta, was stabbed to death by a fellow Indian in a public bus in the Austin area, Texas, US, the police said. The fatal incident took place when Gupta was sitting at the back of the bus, and the attacker, identified as Deepak Kandel, stabbed him 'without provocation", the police added. As the police received information of a stabbing incident on the bus, on which there were around 12 passengers at the time of the crime, the officers rushed to the spot and found the man's body in a pool of blood with severe injuries. The police said in a statement that the attacker was sitting next to the victim in the bus when the former stabbed the latter 'without provocation". 'Once the bus was stopped, Kandel calmly exited the bus with the other passengers and left the scene on foot," the police said. The emergency responders attempted to save his life, however, he was pronounced dead at 7.30 pm. The incident took place on May 14. advetisement The police later detained Kandel, who admitted to stabbing Gupta 'due to him resembling his uncle". 'Kandel was found less than a mile from where the bus pulled over," an arrest affidavit said. The attacker was locked up in Travis County Jail after being charged with 1st Degree Murder. The man has previously been arrested and released several times on charges of misdemeanour. Watch India Pakistan Breaking News on CNN-News18. Get breaking news, in-depth analysis, and expert perspectives on everything from geopolitics to diplomacy and global trends. Stay informed with the latest world news only on News18. Download the News18 App to stay updated! Location : United States of America (USA) First Published: News world Indian-Origin Entrepreneur Stabbed To Death By Fellow Indian 'Without Provocation' In Texas Bus
Entrepreneur
20-05-2025
- Business
- Entrepreneur
Founders Need to Rethink Growth, Tone Down Unrealistic Expectations: Akshay Gupta
In an era where cookie-cutter capital raising dominates proceedings, Akshay Gupta, Director of Prime Securities, believes in steering a different course, one following bespoke financial advisory and deep client agreement. Opinions expressed by Entrepreneur contributors are their own. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. In an era where cookie-cutter capital raising dominates proceedings, Akshay Gupta, Director of Prime Securities, believes in steering a different course, one following bespoke financial advisory and deep client agreement. "We're not the guys you come to and say, 'raise my Series B' and walk away," says Gupta. "We tailor-make solutions based on the client's need, and we hold hands with the client in a way that the investors, who we are getting in, which are typically family offices or institutions, have full transparency into the operations of the company even after the funding stage." Prime Securities, a name often associated with legacy capital markets, has also been actively funding startups. The method breaks the mold of traditional investment banking by not just helping raise equity or facilitate M&A deals, and does what Gupta describes as "solution-based advisory." The hand-holding approach, Gupta believes, is their key differentiator. "Investors, especially family offices, trust us because we don't just place capital. We ensure it's put to work responsibly." So far, Prime Securities has raised over INR 1000 crores for more than 30 startups, staying sector-agnostic and stage-agnostic in its approach. "We don't ask investors which sector they prefer. We do the due diligence, ensure the business model is solid, and then take it forward," Gupta notes. This thorough vetting process stems from experience. "Between my partner and me, we have over 70 years of experience. Due diligence for us is second nature, we know which five people to call to validate a founder or a business." The diligence has paid off: 28 of the 30 startups Prime has supported are said to be thriving, and the remaining two are "doing all right," according to Gupta. "We don't have any blow-ups on our sheet. That's saying something in today's startup environment." Prime Securities helps companies scale for capital and IPO readiness as well. SISCOL, a company that deals in infrastructure development, has filed papers with the market regulator Securities and Exchange Board of India for its maiden IPO in the future, according to Gupta. Prime's investor base consists primarily of Indian family offices and institutional investors, steering clear of the complexities tied to overseas inflows. "We've seen a dip in overall private market enthusiasm compared to the 2021-22 boom," Gupta admits. "Exits are harder to come by now, and investors want to see money returned, not just paper valuations." Despite that, Gupta sees an opportunity. "This asset class still offers higher returns than public equity, just with lower liquidity. Our job is to manage that risk intelligently." Gupta also emphasized the need for startups to think beyond collecting capital. "Today's market needs founders to plan for exits, not just raise the next round. The IPO and pre-IPO route has slowed since early 2024, and funds are starting to get anxious." "Don't drive using the rear-view mirror," Gupta says. "Yes, your friend may have doubled his valuation every year from 2020 to 2023. That doesn't mean the market will let you do the same in 2025." According to Gupta, founders should align valuation expectations with real business growth and embrace governance, transparency, and scale-up discipline. "Rear-view mirror driving is bad for business. You've got to look ahead, understand the macroeconomic signals, and tone down unrealistic expectations."
Yahoo
17-05-2025
- Yahoo
Police arrest, charge man with murder after stabbing fellow passenger on CapMetro bus
Austin police have arrested a man accused of stabbing a fellow CapMetro bus passenger in the neck and killing him Wednesday. APD and Austin-Travis County EMS received a call at 6:45 p.m. from a witness who said a man was stabbed while riding the bus. When police arrived at the 500 block of South Lamar Boulevard, authorities located Akshay Gupta, 30, with trauma to his neck, according to police. Despite life-saving efforts, Gupta died on the scene at 7:30 p.m. Police say witnesses told detectives the suspect, Deepak Kandel, 31, was sitting next to the victim when the suspect stabbed the victim in the neck without provocation. Once the bus was stopped, witnesses said Kandel calmly exited the bus with the other passengers and walked away from the scene, according to police. Authorities said they were able to arrest Kandel shortly thereafter. According to police, Kandel admitted to stabbing Gupta because he resembled his uncle. Kandel has been charged with first degree murder and remains in Travis County Jail. CapMetro has asked anyone needing to retrieve personal items left on the bus as a result of the incident should contact customer service at (512) 474-1200 for have asked anyone with information to contact APD at (512) 974-TIPS or by visiting or calling (512) 472-8477. This case is being investigated as Austin's 25th homicide of 2025. This article originally appeared on Austin American-Statesman: Man arrested, charged with murder of fellow Austin bus passenger
