E-stival Solstice at E-Cell IIT BHU🌅
E-Cell IIT BHU's Weekly Newsletter
We Have Exciting News!!!
The summer solstice (21st June) which is the day with the longest period of sunlight and shortest night of the year, the time when the sun is at the highest position in the sky marked to be the day commencing the new heights for E-Cell IIT BHU with the announcement of the Team E-Cell 2022-23. 🌅
E-Cell IIT BHU brings you the top highlight & happenings of the Startup ecosystem 🚀 with our 2️⃣1️⃣’ st weekly newsletter. 📰 Happy Reading 👐🏻
#headlines
Weekly Funding Update🤑 :
The Indian startup ecosystem has raised $844 Mn across 31 deals. This is a 51.5% jump from the last week when the startup ecosystem raised $557 Mn in investment across 39 deals.
ShareChat raised its much-anticipated funding round of $255 Mn after adding Google to its capable, edtech giant upGrad raised $225 Mn in a new round of funding from Lupa Systems Temasek, among others.
Startup & Tech News📈
🛒 Flipkart co-founder Binny Bansal has sold his stake worth $264 Mn to Chinese tech giant Tencent
💸Early-stage venture capital fund 8i Ventures has announced a partial exit from fintech startup M2P Fintech at a return on investment (ROI) of 36X.
🥩D2C meat and seafood startup FreshToHome is likely to raise $100 Mn from its existing investors at a unicorn valuation.
💵Fintech startup Raise Financial Services plans to invest up to $500K in early-stage startups in the investech and wealthtech space in the country.
#weeklyspecial
Why is 5G expected to be a game-changer?🚀
Last week, the Centre allowed tech companies to buy their own 5G spectrum and set up captive private networks. Telcos’ efforts to block the move were in vain. This face-off is far from over. Is 5G such a game-changer?
🗼5G is better, but how much?: A 5G network will be able to react in a thousandth of a second, i.e.100 times faster than 4G. While 4G networks can only support 1,00,000 devices per square kilometer, 5G can connect up to a million devices.
Perks of 5G?
🤖 Brings Metaverse A Step Closer
🚁Ultra-Low Latency Drones
🚚 Precise & Responsive Logistics
🎮 From Online-gaming to Cloud-gaming
Low latency and high-bandwidth connectivity 5G will shift the storage, power consumption, and processing power away from the personal computers and into the edge cloud allowing AR and VR integration.
#youtubebinge
Building India’s Most Valued Startup!
In a tell-all interview, Divya Gokulnath, Co-founder, BYJU'S, talks about her journey from being an educator👩🏻🏫 to an entrepreneur👩🏻💼 , how she is empowering people around her to create more leaders & deep dives into her journey building BYJU’s.📖
Divya’s journey wasn’t a smooth ride but what made it slightly easier to overcome the many obstacles was her support system – her family.👨👩👧 She also talks about how success 🏆is all about creating value for users and how BYJU’s aims to do that & be here for the long run. 📈
#quote
“It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.”
— Vice Chairman, Berkshire Hathaway
#bookworm
Spent: Sex, Evolution, and Consumer Behavior
In Spent: Sex, Evolution, and Consumer Behavior, author Geoffrey Miller applies this evolutionary science’s principles to a new domain: the sensual wonderland of marketing 📢 and status-seeking that we call consumer culture. 🛍️
The book examines the hidden factors that dictate our choices in everything from lipstick💄 to cars,🚗 from the magazines we read to the music 🎧 we listen to. It’s a bold and revelatory book 📕that illuminates the unseen logic behind the chaos of consumerism.
This book offers a unique blend of evolutionary psychology,🧠 personality theory, and consumer behavior to help us better understand our lives and the things we buy.🛒 Safe to say, Spent will make you look at the world in a very different light.🌍
GoodBye 👋, for now, We will be back again next week with crunching stories 📖, loads of info ♾️, and fun 🎉.