Anjula Acharia is a venture capital investor who focuses and invests primarily in female-founded companies. One such company is Gobble, the meal kit delivery service founded and led by Ooshma Garg. The pair joins Cheddar to explain how female influence in the VC space is positive and necessary.
Acharia explains that one of her callings is to support female innovators. The tech investor has championed founders including Payal Kadakia from Class Pass, Kathryn Minshew from The Muse, Prena Gupta from Hooked, and Karissa Bodnar from Thrive Causemetics.
Garg says that having a VC investor like Acharia in your corner is invaluable. Acharia both provides financial support and business guidance.
When asked how Gobble competes with Blue Apron, Garg explains that the key to her business is putting convenience at the forefront. Gobble meals only take 15 minutes and everything can be prepared in one pan.
MTV, a division of Paramount, is planning to shut down its news division and lay off 25 percent of its workforce. The company cited "broader economic headwinds" as the reason for the shuttering. The decision comes as Paramount makes cuts to better compete with rival entertainment giants.
Consumer prices in the United States rose again in April, and measures of underlying inflation stayed high, suggesting that rising costs could persist for months to come.
Goldman Sachs will pay $215 million to settle a years-long class action lawsuit that claimed the bank discriminated against women when it came to pay, performance evaluations and promotions.
