Hola People!!
Rajeev Chandrasekhar recently quipped that ‘startup employee’ and ‘startup founder’ are the top keywords 📈 on Shaadi.com!!! Livemint reports that the junior IT minister was joking 😄 about startup folks dislodging IAS 💼 and IPS 👮 officers as India’s most sought-after matrimonial matches.
Looks like he didn’t get the memo about the steep fall in startup valuations and funding😅. This won’t happen to you🙂. E-Cell IIT BHU’s Newsletter is at your rescue, bringing the hottest🔥 happenings of the startup world right to your inbox.📩 Happy Reading!!🚀
#primetime
Startup funding down by 40% in Q2
Grim news ahead☹️!! It seems that the second quarter of the year 2022 has not been much appealing to Indian as well as global startups. A global shutdown, inflation📈, decrease in tech stock valuations📉, and geopolitical instability have caused a significant decline in funding.
After three consecutive quarters of raising more than USD 10 billion, the total funding in the Indian startup ecosystem fell ⬇️ by 40% during April- June to reach USD 6.8 billion as suggested by a PwC Report📝.
Only four startups in India attained unicorn 🦄 status in the second quarter of the calendar year 2022, mirroring a global trend in decline in the number of new unicorns this last quarter 😔.
#whatsthisword
INTELLECTUAL PROPERTY
Let’s go shopping! That Adibas shirt👕 looks pretty good, and so do those MIKE shoes👟. Why fake names? Wouldn’t it be more convincing to use the real ones? Well, it would, but then you’d get sued🤕 for IP infringement!
Intellectual Property (IP) is a broad categorical description for the set of intangible assets owned and legally protected 🧑🏻⚖️by a company or individual from outside use or implementation without consent.📃
Not every startup has IP, but if your business depends on it, you better protect it.⚖️
#quotethis
“Build something 100 people love, not something 1 million people kind of like.”
― Brian Chesky, Co-Founder and CEO, AirBnB
#weeklyspecial
BCG Matrix: what it is and how to use it in product strategy
The BCG Matrix is a framework widely used by technology companies for the management of digital products and for the definition of their Growth strategies.
BCG analysis can be performed in different contexts within the Product area and should be seen as a strategic framework to be revisited with some frequency, considering the dynamism of the market.
learn more about how when and why use BCG Matrix from here
#youtubebinge
Why BNPL Cards are facing the heat🥵
The buy now pay later (BNPL) market is expanding in India, with growth rates of 569% in 2020 and 637% in 2021🤯! But on June 20, 2022, the Reserve Bank of India released a statement prohibiting credit lines 🚫 from being loaded onto these platforms by non-bank prepaid wallets and cards.
Meaning!?? Some of India's fastest-growing start-ups, like Slice and Uniorbit won’t able to provide BNPL services anymore without partnering with a bank 😰.
Why is the RBI hindering their growth with these regulations in spite of the industry growing at such a rapid pace 🤔? Watch this video to find out!
Alright! ‘twas a great read eh?!😄
Goodbye for now! We will be back again next week with crunching stories 📖, loads of info ♾️, and fun 🎉.