E-Cell IIT BHU's Weekly Newsletter
The past few days were the most colorful since the start of the year, quite literally. Every street, house 🛖, and face 🙂 was colored in a different color and joyous emotions encompassed the whole country.
We hope that you had a great Holi and had your share of sweets, colors, and happiness.
While we are talking about colors let’s take a peek into how colorful the startup street was and have some fun in our beloved fun zone.
Startup Funding Tracker💸
SaaS startup Amagi has become the 11th startup to join the unicorn club in 2022 after its $95 Mn funding round led by Accel
Funding Update🤑 :
This past week, the Indian ecosystem raised $365 Mn across 29 deals, where we saw meat and seafood startup
Startup IPO & Tech Stocks Tracker📈
⛵ Electronics brand boAt is aiming to become the first D2C startup to go public this year. But is it too heavily dependent on marketplace sales? Here’s our analysis
💵 Sachin Bansal’s Navi Technologies has filed its DRHP ahead of a potential IPO in 2022. But does it have enough revenue fuel in its tank to convince investors?
🔽 OYO has halved its potential fundraise from its upcoming IPO as tech stocks continue to tank in the stock market.\
🚪 Unacademy Layoffs: As many as 125 'consultants' from the ed-tech unicorn's PrepLadder team have been told to leave their positions. Here’s our story
🗣️ Trell’s Troubles: Amid a probe for financial irregularities, Trell cofounder Pulkit Agrawal sent a note to investors that could spark another BharatPe-like saga
The Break-Even Point
While establishing a business, it is crucial for entrepreneurs to know when will their startup actually start getting profitable. Well, that's where a very simple form of financial analysis- the Break-Even analysis comes in!
The Break-Even point is the point at which the expenses of a business equal the revenue that it generates. It has no net profit or loss at this point and has thus "broken even".Beyond this point, however, the business starts making wealth instead of consuming it and thereby giving your startup a target to meet in order to cover its expenses.
The Break-Even analysis helps in describing the relationship between sales, costs, and profits of a business. It also helps in formulating an efficient production strategy keeping in mind the fixed and variable costs of the concerned product.
Hello!! We’re back with some interesting rebus puzzles for you all. Let’s see how many of you are familiar with famous startup names in India.
Give it a try!!
Billion-dollar valuation startup without advertisements!
Do you guys heard of the name, ZERODHA!? Many of you will say “yes”. But, for those of you who do not know what Zerodha does, it is basically a stockbroker that offers the cheapest brokerage rates for futures and options, commodity trading, equity, and mutual funds.
And do you know how it went zero to $1 billion in valuation with zero marketing and zero funding!? I’m sure…you might be amazed after knowing this fact about Zerodha.
So, we’re here with this video to give you clarity about one of the most fascinating business case studies in the Indian startup ecosystem. In this video, you can also see about WhatsApp strategies to become the most successful communication app. Let’s watch it to know more about Zerodha!!
There are no secrets to success. It is the result of preparation, hard work, and learning from failure.
Inspired: How to create tech products customers love
INSPIRED-by Marty Cagan
While the book primarily looks at why so many product teams fail and how successful product teams work, it also provides accompanying sections that address questions of how-to better scale Product Management in such environments.
The author describes a Product Manager’s job by the following two statements:
“…working tirelessly, leading the product team to combine technology and design to solve real customer problems in a way that meets business needs…”
“…evaluating opportunities to determine what gets build and delivered and provides evidence that it’s worth building…”
The new book has a total of 67 chapters and is divided into 5 parts:
Part 1- Lessons from Top Tech Companies
Part 2-The Right People
Part 3- The Right Product
Part 4-The Right Process
Part 5 — The Right Culture
Upon reading this book, you will get to understand that there is never a perfect way to structure a team and as with most things in products, it involves trade-offs and choices.
GoodBye 👋, for now, We will be back again next week with crunching stories 📖, loads of info ♾️, and fun 🎉.