Prepare for lightning-fast speeds!😍
While India was celebrating Dussehra and the victory of good over evil, 📡 Reliance Jio launched Beta Trial of 5G services in 4 cities - Mumbai, Delhi, Kolkata, and Varanasi.
As part of the beta launch, Jio will invite select users 🧍 to use its 5G services under Jio True 5G Welcome Offer 🤑. The selected Jio users will get unlimited 5G data😃 with up to 1 Gbps+ speeds 🚄
Whether it is 4G or 5G ✨, we’ll keep bringing to you the best stories and news at the fastest pace through E-Cell IIT BHU’s weekly newsletter📝
#headlines
Weekly Funding Update🤑 :
The year 2021 📅 was a historic one for the country’s startup ecosystem as startups raised the highest-ever funding of $42 Bn 💰 across 1,500+ deals.
The year also saw 44 startups joining the unicorn club 🦄, raising combined funding of $21.8 Bn 💵.
SphitiCap launches $500 Mn 💰 fund to invest in Seed-Stage Indian Startups.
Euler Motors raises $60 Mn 💸 in a round led by GIC to scale📈 up EV🚓 manufacturing.
Startup & Tech News📈
Substack ✨ officially launches its ‘Reader’ 📱Android app.
Tesla is now building Model 3 and Model Y vehicles without ultrasonic sensors, 🚀 trying things no one imagined.
Duolingo makes its first 😍 official acquisition, with more to come
Meta shuts down Bulletin newsletters ⌛, moves resources to its discovery algorithm
#primetime
UPI-Linked RuPay Credit Card💳: No MDR For Small Merchants For Up To INR 2K Transactions 🚀
On Tuesday, October 4, the National Payments Corporation of India (NPCI) announced that small businesses 🏢will not be charged an additional fee 💸for processing transactions up to INR 2,000 using RuPay credit cards on the Unified Payments Interface (UPI).
The move is essentially aimed at spurring the penetration and usage of UPI-linked RuPay credit cards 💳 and to scale up 📈 the card acceptance infrastructure.
The framework comes weeks after RBI 🏦 Governor Shaktikanta Das unveiled the RuPay credit cards for UPI network✨.
#WeeklySpecial
A Series of Unicorns ✨
India has already produced 19 new unicorns🦄 in the first seven months of 2022, including Fractal, LEAD, Xpressbees, Uniphore, Hasura, CredAvenue, Amagi, Oxyzo, Open, and PhysicsWallah.
There are currently 105 Indian tech businesses 😍 that have joined the unicorn club.
The talk of unicorns 🔊 may elicit excitement😍 from some people and polite, yet exasperated, sighs from others. The idea of becoming a unicorn 🦄 is still a great incentive💰 for many thanks to the high reward🏆 and prestige 🤗.
Regardless of what camp you’re in, there are more companies 🏢 joining 📈 the unicorn club every year 📅.
#Whatsthisword
A Dragon Startup ? 🐉
A dragon 🐉 is a rare startup 🚀 that raises $1 billion💰 in a single round of funding. Uber🚖 is an example of a dragon startup.🔥
Are you ready to create the next dragon?😍
#youtubebinge
Josh Tetrick, co-founder and CEO of Eat Just, Inc., thought if we can make plant based 🍲 milks 🥛, cheeses 🧀 and butters 🧈, surely someone developed an egg 🍳 alternative.
It sounds simple 😍 . Apparently, it's anything but.😵
Here’s how Josh Tetrick went from crashing on his ex-girlfriend's couch 🛋️ to sitting atop of $1.2 billion 💰 start-up called Eat Just.🥘
#tweetworthreading
#quote
Insurance 🏦 executive and entrepreneur Art Williams 📚 says about the motivation that 🎙️ -
"Almost everybody can stay excited for 2 or 3 months. A few people can stay excited for 2 or 3 years. But a winner will stay excited for 30 years or however long it takes to win.”
5G Tech, Unicorns🦄, and fundings💰, substack app, tesla innovation, UPI payments 💳, dragon startup 🐉, motivation, and chasing dreams!
That’s a lot of buzz for today 😮. We’ll be back next week with even more! Till then, keep hustlin’ 😉