Author: News Desk

 Will Tesla open its plant in Bengaluru?Karnataka has invited Elon Musk, CEO of Tesla to set up its plant in Bengaluru, considered as the Silicon Valley of India. Murugesh Nirani, Minister for Large and Medium Industries, took to twitter to invite electric major Tesla to start operations from the state.”With over 400 Research and Development centers, 45 plus Electrical Vehicle (EV) startups and an EV cluster near Bengaluru, Karnataka has emerged as the EV hub of India. Mr Elon Musk, Karnataka would be an ideal destination to set up a Tesla plant. Bengaluru is already Tesla’s maiden address in India,”…

 Thrasio-styleThe Thrasio-style startups are those new kinds of startups that specialize in acquiring fast-growing digital-first brands and scaling their products. This was first started by US startup Thrasio, which acquires successful third-party Amazon sellers and gives their founders a lucrative exit. Thrasio was founded in 2018. It made a whopping profit of $100-million in 2020 on revenue of $500 million. Thrasio is valued at $6 billion based on its latest funding round. The firm now manages a global portfolio of nearly 100 brands.  How does it work? There are three step processes followed by Thrasio-style startup. In the first step, the seller…

Indian presence in US A recent study by Ilya A. Strebulaev, a Finance Professor at Stanford University’s Graduate School of Business has found that out of 1,078 founders across 500 unicorns in the USA, 90 entrepreneurs were Indian born. This gives a significant presence of Indian Americans in the country’s startup as well as tech economy. Out of the 44% Non-US born Unicorn founders, the number of India-born founders was the highest at 90. This was followed by the other non-US-born ones from Israel, Canada, UK, and China, with 52,42,31, and 27 founders respectively for these nations. Indians leaving the…

https://youtu.be/4LNrKxKiXcg Blindness hindered the IIT dream, but built a multi-billion dollar business empireMeet Srikanth Bolla, who built a multi-million dollar business empire despite his blindness hindering IIT dream. Relatives and neighbors advised his parents to leave Srikanth, who was born blind, in an orphanage. Some even advised them to let the baby die. Teachers made him sit at the back of the class and ignored him. But Srikanth’s parents fought with everyone for their son and nurtured the same fighting spirit in him. That spirit encouraged Srikanth Bolla to create a business with a turnover of Rs 150 crore. Srikanth’s parents, An…

https://youtu.be/gFJxbDeEq_0 Manali and Goa  popularMajority of Indians prefer to go local and explore domestic destinations. Goa topped the bucket list followed by Manali. OYO Travelopedia, took responses of nearly 3,000 people in December 2021. Safety a concernAs per the survey, 61 percent of Indians would prefer to go local and explore domestic destinations. While  25 per cent would like to try international as well as domestic trips in 2022. 80 percent of respondents said safety continues to be a key concern.

https://youtu.be/__-qaY6gqdA First of its kindYouTube star Jimmy Donaldson popularly known as MrBeast has made $54 million in 2021, according to Forbes. This is the largest yearly earning for any YouTuber in history. He is ranked as the 8th most subscribed-to channel on YouTube. Popular YoutuberHis channel has garnered over 14 billion views for his viral philanthropy videos and elaborate contests. Donaldson’s most popular video, posted in November, was a real-life recreation of “Squid Game”. Following him on Forbes’s list are the YouTubers Jake Paul and Markiplier.

 Training for high-qualified engineersThe Ministry of Electronics and Information (MeitY) has sought applications from 100 academia, R&D organisations, start-ups and MSMEs under its Chips to Startup (C2S) Programme. The C2S programme aims to train 85,000 number of high-quality and qualified engineers in the area of Very large-scale integration (VLSI) and embedded system design as well as result in development of 175 ASICs (Application Specific Integrated Circuits), working prototypes of 20 System on Chips (SoC) and IP Core repository over a period of 5 years.C-DAC (Centre for Development of Advanced Computing), a scientific society operating under MeitY, will serve as the…

Animal Husbandry Startup Grand Challenge 2.0 The Department of Animal Husbandry and Dairying, in partnership with Startup India has launched the ‘Animal Husbandry Startup Grand Challenge’, to scout for innovative and commercially viable solutions to address the problems faced by the animal husbandry and dairy sector. The challenge was launched by Prime Minister on 11th September 2019 at a national animal disease control programme in Mathura. The challenge was open for application to startups from 11th September 2019 to 30th October 2019, on the Startup India portal – www.startupindia.gov.in. 157 applications were received in total for the six problem statements…

Bengaluru, India’s startup hub Bengaluru retained its title of India’s startup hub with 14 companies being recognised at the National Startup Awards 2021. In all, 46 startups from across the country were chosen, and 14 firms from Karnataka made up for 30 per cent of all the awards given this year. India is home to 80 plus unicorns, and a majority of them including Byju’s, Zerodha, Cred, Big Basket and Ola Electric are from Bengaluru. The 14 startups focus on agriculture, animal husbandry, education and skill development, enterprise systems, fintech, health and wellness, industry 4.0, transport and travel. The startups…

https://youtu.be/l0-H2W_Aztc Third unicorn in 2022Lead School has raised $100 million from investors GSV Ventures and WestBridge Capital. The financing round makes Lead School the third startup to enter India’s unicorn club in 2022. Presence in 500 citiesIt is also the sixth Indian edtech company to reach unicorn status. “Lead adopts an outcome orientation for schools. Students’ learning outcomes have improved by 20-25% ” Sumeet Mehta, cofounder of Lead School, said. Lead School works with 5,000 schools across 500 cities. It has hit an annual contract value of $80 million in 2021-22.