Good Day Everyone!
Decades ago, Internet Explorer was the de facto web browser. 🌐 Time went by, but Microsoft's IE didn't manage to keep up. Soon, it was the subject of memes.🤭 It retired yesterday 🪦 as what else but an icon (pun intended).
But E-Cell IIT BHU is still on the job to bring you the top highlight & happenings of the Startup ecosystem 🚀 with our weekly newsletter. 📰 Happy Reading 👐🏻
#headlines
Startup Funding Tracker💸
IPO Tracker📈:
💰 Fintech Startup MobiKwik is now in talks with investors to raise $100 Mn in funding after delaying IPO.
🏨 Ritesh Agarwal’s OYO is likely to reduce its IPO Size from $1.2 Bn to $800 Mn, a 33% drop.
Weekly Funding Update🤑 :
The startup ecosystem has managed to cross the ballpark of $500 Mn in investment across 39 deals this week. This is 19% up from the $468 Mn funding that the startup ecosystem had raised last week across 27 deals.
Startup & Tech News📈
🛒 Amazon Bows Out: Amazon is said to have withdrawn from the race for the digital rights for IPL in India, leaving the ground open for Reliance, Disney, and Sony.
🔽 Startup Layoffs: From Sequoia-backed Lummo to logistics startup FarEye in the past week, the total number of layoffs among Indian startups in 2022 is now perilously close to the 10K mark.
🗣️ Zilingo’s Woes: The board has authorized the company to initiate repayment of recalled loans with immediate effect amid talks of potential liquidation.
🦸🏻 Tata Neu’s Lukewarm Start: Tata Digital’s super app was unable to hit its internal target of $200 Mn in gross sales in the first month of its operation.
💲 Fund Launch: Mumbai-based All In Capital has launched a $10 Mn sector-agnostic fund to invest between $100K to $500K in pre-seed and seed rounds.
#weeklyspecial
From 0 to $1B - Slack's Founder Shares Their Epic Launch Strategy 🚀
You’ve probably heard about Slack, an internal-communication platform.🖥️ But did you know within two years of its inception, Slack was already being used by more than 30,000 teams 📈and valued at over $1 billion? 🤑
And finally, in December 2020, Salesforce acquired Slack for $27.7 billion. Read this amazing interview of Founder Stewart Butterfield 🧑💼where he talks about Slack's success🚀 and how its company made customer feedback the epicenter of its efforts.💪
To read the article, scan the QR code or click here
#youtubebinge
What is Creator Economy?
With 30,000 hours 🕕 worth of content being uploaded 🔼 every hour, content clearly is king. 👑 But how do you access the king’s treasury? Catch digital content creator @Vishnu Kaushal as he reveals how content is the new cash cow 🤑 and how you can milk it.
From the tectonic shift of Facebook is a place where you connected with friends and relatives to become a ‘cewebirty’, 🌟 Vishnu covers everything you need to know about how content makes money. 💵
#quote
“Don't start a company unless it's an obsession and something you love. If you have an exit strategy, it's not an obsession.”
— Mark Cuban, Investor & co-founder of Broadcast.com
#bookworm
Crossing The Chasm by Geoffrey A. Moore
Why do some products manage to disrupt their target markets 📈 to a high degree, while others fail to make any mark 📉 whatsoever? Crossing The Chasm by Geoffrey A. Moore answers the question in-depth. 🧐
Written in the ’90s, before the digital revolution, 🌐 Crossing the Chasm tells how the ability to launch successful products,📲 one after the other, lies in crossing the problem area between the Early Adopters and Innovators and the early technology 💻 adoption majority.
Filled with a ton of value for entrepreneurs 🚀 looking for tried and tested ⚙️ Product techniques that have been the backbone of many a successful company.
GoodBye 👋, for now, We will be back again next week with crunching stories 📖, loads of info ♾️, and fun 🎉.