Meet Arun Kumar who runs free UPSC coaching class on Ganga’s Ghats

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Meet Arun Kumar who runs free UPSC coaching class on Ganga’s Ghats

Former IAS officer Arun Kumar offers a free UPSC coaching programme  on the Ghats of Ganga. These sessions are attended by around 3,500 pupils.

Former IAS officer Arun Kumar holds a free coaching programme for UPSC hopefuls on the banks of the Ganga in Patna.

Arun abandoned his job to support kids who couldn’t afford to attend pricey coaching sessions, inspired by his wife Ritu Jaiswal’s humanitarian activities. To save money on infrastructure, he decided to hold these open-air sessions every morning. These sessions are attended by around 3,500 pupils.

Arun, who is from the 1994 batch, self-studied for the IAS test. Many of his students have passed the exam since then.

Arun says that all he wants is to establish an educational atmosphere in which students may study together and provide guidance to each other.

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All you need to know about Acrylic nails

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All you need to know about Acrylic nails

Acrylic nails, often known as fashion nails, are perfect if you have missing or badly formed nails. These nails are designed to seem like real nails. However, before you get them done, you should be aware of the benefits and drawbacks of artificial nails.

If you wish to attend every special occasion or wedding with fashionable nails or if you like well-groomed and manicured nails, acrylic nails are for you.

According to experts, it is best to get acrylic nails done by a professional because you cannot do it well at home. Furthermore, it needs specialised training.

As a result, unless you are a certified professional or a manicurist, you should only do it at home. In 1954, a dentist called Fred Slack invented an artificial nail as a temporary replacement after breaking his fingernail at work.

After completing testing using various materials to perfect his idea, he and his brother, Tom, patented a successful version of it. They went on to found the firm Patti Nails.

If you want to give these nails a try, follow this step-by-step instruction to applying acrylic nails. Acrylic extensions are appropriate for ladies who have brittle or weak nails.

Acrylics are ideal for ladies who chew their nails since they are difficult to remove.  What better method to break a bad habit than to make the injured region as attractive as possible? Because acrylic nails have been around longer than their counterparts, most nail technicians at salons and spas are well-versed in how to apply and remove them. You don’t have to be concerned about adverse effects.

They are less expensive than their competitors. The lighter your wallet, the happier you will be. Agree?

The biggest advantage of acrylic nails is that if one breaks, it can be repaired at home with the proper equipment. You don’t have to spend another dime to get things fixed. They are more durable than gel nails.

Cons

They can harm your natural nail below, and growing out your nails with acrylic over them can be difficult. In addition, fungi and bacteria thrive in damaged nails.

Because acrylic nails are artificial improvements, they have a phoney appearance. You’ll need a highly skilled technician who can apply acrylics that seem as natural as possible.

Acrylic nail application necessitates the use of harsh chemicals and the production of fumes. Some women may be allergic to these drugs.

Every month, you must replenish, which incurs additional costs. Let’s have a look at the steps of applying these nails.

How Do You Put On Acrylic Nails?

Step 1: Prepare Your Nails

Starting with clean nails is always a good idea.

Having a smooth substrate allows the acrylic material to adhere easier.

Remove any nail paint and gently push the cuticles back.

Step 2: Trim Your Nails

The manicurist will most likely cut and file your nails, leaving a few millimetres for the nail extension to adhere to.

Step 3: Buff Your Nails

She will next buff your nails so that the surface is slightly rough. This rough surface allows the acrylic to adhere easily.

Step 4: Apply Nail Primer

To eliminate any leftover moisture and oil from the nails, a nail primer would be used.

Clean the nails with an acetone-soaked cotton swab before applying the primer.

Some primers include an acid known as methacrylic acid.

Take caution, since it may burn.

If you are unsure, you can use the acid-free primer.

Step 5: Put The Advice To Work

This is the point at which the real application begins.

The tips will be filed to fit your nails and will be glued to your natural nails.

The adhesive should not come into contact with your skin.

The nail may be trimmed and sized to your exact needs.

Step 6: Get the Acrylic Material Ready

The acrylic liquid would be placed into one dish, and some of the powder would be poured into another. A word of caution: The fumes produced by acrylics are powerful, so this should be done in a well-ventilated location.

Step 7: Using the brush, pick up the acrylic.

The manicurist will fully immerse the brush in the liquid. Make certain that there are no bubbles. To prevent leaking, she will brush any surplus liquid against the side of the dish. The brush will then be rubbed against the powder, resulting in a damp ball. This is the substance that will be applied to the nail.

Step 8: Use the Combination

She will apply the mixture to your nails without touching the cuticles and smooth it out as she goes. The transition from the tip to your natural nails should be seamless. If necessary, apply another coating.

Step 9: Allow It to Dry

It should dry in approximately 10 minutes. After that, buff and file the nails to make them smooth.

Finishing Touches (Step 10)

You can paint your nails now. You may use whatever nail paint colour you choose, including glossy, matte, and metallic. However, make sure the nail polish does not include acetone, as this can reduce the life of your artificial nails.

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Dr. Surabhi Dhanwala, famous Physiotherapist and Naturopathist in Pune honoured at Indian excellence Awards 2022

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Dr. Surabhi Dhanwala, famous Physiotherapist and Naturopathist in Pune honoured at Indian excellence Awards 2022

A keen believer in cutting-edge science and traditional strategies and then combining both to develop one-of-a-kind strategies for treating humans with bodily problems, Dr Surabhi Dhanwala who currently heads the Dhanwala Naturo and Physio Care Clinic in Maharashtra and Uttarakhand, bagged the award of ‘Excellence in Physiotherapist and Naturopathist’ at the Indian Excellence Awards 2022.

India’s top branding company, Brands Win India, organised this most recognised and prestigious award on 17th December 2022. Dr. Surabhi received the award from Union Minister Shri Ramdas Athawale at a ceremony held at the Hotel “The Park” in New Delhi. Many dignitaries from India’s central and state governments attended the event, including Cabinet Minister for Heavy Industries Shri Mahendra Nath Pandey, Minister of State Health and Family Welfare Dr Bharati Pravin Pawar, Members of Parliament Prof. Rita Bahuguna Joshi and Shri Sangam Lal Gupta, and Shri T.S.Singh Deo, Minister of State Health and Family Welfare (Chhattisgarh).

The expert healthcare professional is celebrated as a top physiotherapist and Naturopathist in Pune and is said to be possessed of magical hands, ancient knowledge, and genetic inborn abilities. She has demonstrated her skills worldwide. Her patients had successfully recovered from many chronic ailments such as diabetes, peripheral neuropathy, paralysis, retino pigmentosa, hypertension & neuropathy, osteoarthritis, rheumatoid arthritis, etc. Dr Surabhi Dhanwala has excelled in the fields of neurology, naturopathy, and neuropathy.

While interacting with the audience at the Indian Excellence Awards and Summit, Dr Surabhi enlightened everyone on the need and importance of promoting naturopathy. “With the right fusion of modern medicine and ancient Indian alternative medicine knowledge,” she says, “One has the potential to cure patients who would otherwise appear impossible to cure by conventional practices.” Using natural and self-designed methods, motivation, and a positive attitude, Dr Dhanwala is striving to bring a positive outlook for naturopathy to the world at large. The lady of guts is always working at the forefront of developing cutting-edge medical techniques and then researching the real-life practical aspects of their application.

Due to her novel approaches and profound medical experience of over 18 years, the famous doctor has successfully treated thousands of patients without undergoing surgeries. Her clientele list includes both commoners and VVIPs, including ministers, officers, and celebrities.

The skilled doctor, who is counted among many female pioneers in physiotherapy and naturopathy in India, has been accredited with many international and national certifications of excellence. Starting from receiving an Honorary Doctorate in Neuromuscular Rehabilitation and Acupressure from South Western American University to receiving appreciation at Icons of Asia for being a passionate doctorpreneur and Femina’s ‘Fab 40 of 2022″ recently, her list of achievements is quite long and inspiring. www.dhanwala.com

This Electric Scooter Has Revolutionized The EV Segment, Leaving Behind Big Market Players

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This Electric Scooter Has Revolutionized The EV Segment, Leaving Behind Big Market Players

In India, a car was once a status symbol. But, as income increases and living standards change, there are now more cars than ever in most households. Because of this, owning a car is no longer a big deal. The perception of society will change again in the near future. This time, electric vehicles like electric scooters , electric motorcycles , and electrical cars will play an important role.

The future belongs to electric cars. A person or family who owns an electric car will be viewed positively by others because they are using a high-tech vehicle. It will also indicate that the family cares about the environment and does its part by using a vehicle that doesn’t pollute it.

Thunderbolt is an electric vehicle maker in India. It is powered by Mercury Metals Limited, a BSE-listed company. Thunderbolt was Jayesh Thakkar’s dream, who has over 20 years of experience in entrepreneurship and is involved with many businesses.

Jayesh Thakkar, a visionary entrepreneur hailing from Gujarart saw this vision because he was concerned by the dangers of increasing pollution in our daily lives. He wanted to do something that would help to protect the environment and make the world a better place for future generations. Jayesh Thakkar believes that electric vehicle sales will surpass all records by 2023, and that it will be a landmark year in the sector.

Jayesh Thakkar made his dream a reality with the help his dedicated and highly-qualified team. Today, his company is the leader in manufacturing Electric Scooter (low and high speed), ICAT-approved auto-rickshaw, auto-rickshaw-loader and vintage-designed cars. Thunderbolt and Jayesh Thakkar have seized the largest share of this market, and in fact, created a monopoly. All spare parts are manufactured only by them.

Thunderbolt is also a well-known name among India’s electric vehicle makers. It has created custom electric vehicles for many industries and sectors, including hospitality, industry and golf courses. It also produces EV Chasis and EV Controller as well as EV Motor, LFP Battery, EV Rickshaw Brake Shoe, EV Motor, EV Motor, EV Motor, EV Controller and EV Controller.

Thunderbolt’s Jayesh Thakkar, along with his team, have great plans. They are implementing them at the Mega EV Complex at Vadodara. It covers an area of 20 acres. The complex is being constructed at an investment of over Rs. 500 crore. The complex will include a manufacturing facility, charging station with cafe, CED Coating and Painting Units, Vehicle Assembly, Battery Manufacturing Factory, EV Power train Facility, and a Charging Station. Thunderbolt plans to launch electric cars soon as it doesn’t want the chance to lose the opportunity to provide a high-quality, cost-effective option to customers in a large market.

With the assistance of subsidies and incentives offered by the government to both manufacturers and consumers, the electric vehicle segment will grow quickly.

Indian officials want to encourage electric vehicles and are offering subsidy for electric cars and subsidy on batteries. Thunderbolt is providing subsidies for electric scooters. It’s not surprising that Indian roads will soon be filled with these vehicles. For Dealership Enquiry Visit: thunderboltev.com

Motovolt targets Indian cities & villages with affordable transport options

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Motovolt targets Indian cities & villages with affordable transport options

Motovolt provides low-cost and sustainable transportation options to cities and rural areas across India.  The Kolkata-based e-mobility startup was founded by  industrialist Tushar Choudhary.

Ex-co-founder of Himadri Speciality Chemicals, a publicly traded company, Tushar Choudhary noted how China has utilised e-mobility solutions during his regular travels there.

Back home, Tushar witnessed how the poor struggled with travelling, frequently transporting products over long miles on bicycles. Tushar was sure that nothing would work better to tackle India’s last-mile problem than the omnipresent bicycle.

He launched Motovolt in December 2019 with one goal in mind: to manufacture e-bikes that work for the whole Indian population and transform the way people travel.

Motovolt, established in Kolkata, specialises on electric motorcycles and two-wheelers that go at less than 25 kmph and require less than 250W of electricity. The firm intends to serve an underserved market in India’s urban and rural areas by providing economical and sustainable commute solutions.

Tushar explains, “We established Motovolt with the objective of developing and designing smart e-mobility solutions that positively influence lives throughout communities and contribute to a sustainable future.”

According to Tushar, everyone understands that e-mobility is the future, but solutions must be accessible to the average man for broad adoption in a country like India. The firm provides a variety of e-cycles suitable for usage in urban, suburban, and rural areas.

He says, “Motovolt’s cheap e-mobility solutions provide cutting-edge technology and features.”  Hum (India’s first multi-utility e-cycle), ICE (a foldable e-cycle), Kivo (for urban commuters), Kivo Easy (another e-cycle), Kivo 24 (with a 24-inch wheel for a pleasant ride), and URBN are the startup’s six products with 45+ versions (a smart e-bike that does not need a licence or registration since the top speed is capped at 25 km per hour).

The e-cycles cost between Rs 28,400 and Rs 43,000, while the e-bikes cost between Rs 49,999 and Rs 55,000.

According to Tushar, despite the fact that 90% of Indians commute by bicycle, two-wheeler, or public transit, e-bikes do not appear to be an alternative “because of Indian roads.” He says that, despite the numerous businesses attempting to enter the electric two-wheeler sector, there remains a significant gap in terms of economical and durable e-bikes.

According to Allied Market Research, the worldwide electric bike market will reach $118.66 billion by 2030, growing at a CAGR of 10.5% between 2020 and 2030.

According to Tushar, the URBN is a next-generation smart e-bike built for the Indian market.

He says, “The zero-emissions e-bike embodies the ambitions and confidence of the modern Indian youth. It is the best choice for today’s generation because it does not require any license/registration and comes with a slew of features. Our company is seeing double-digit growth. As a result, we may witness adoption taking place.  Because this is a new category, awareness is still low, therefore overall development is not seen in all sectors.”

When it comes to buying an EV, most clients have one question: ‘How will I charge it?’

Motovolt has addressed this issue by providing replaceable batteries that are easy to charge “anywhere and anytime”.

The Motovolt app includes a variety of user-friendly functions such as position tracking, system health updates, battery performance monitoring, ride information, air updates (carbon dioxide emission savings, fuel consumption savings), roadside help, and more.

It also provides a cost recovery computation and predictive analysis (in case of a functional issue). There are four riding modes on the e-bikes: conventional pedal, throttle, pedal assist, and cruise mode.

In cruise mode, the rider may choose their preferred pace and ride without having to use the throttle or pedal. The battery pack/battery management system is designed with Indian roads in mind.

The founder and core team bring with them an in-depth expertise about the lithium-ion business (since Himadri Chemicals is a raw material provider for this sector) and have built a “one-of-its-kind battery”.

The batteries are assembled and tested at the Taratala Plant in Kolkata, and they go through many rounds of testing to assure safety and optimal performance. In addition, the business has established a design and development centre in Bangalore. “Technology continues to be our primary priority.

Tushar explains, “Motovolt Transportation’s objective is to deliver smart, technologically sophisticated, sustainable mobility solutions for every section of society.”

Funding and business model

Motovolt employs both online and offline sales techniques, as well as a B2B sales presence. It now has over 100 physical touchpoints, including exclusive dealer locations and multi-brand outlets.

To reach a larger client base, the firm also employs its own ecommerce platform as well as sites such as Amazon, Flipkart, and CSC Grameen E-Store.

Since its inception in early 2020, the firm has sold 10,000 e-bikes in both urban and rural locations. Bookings for e-bikes have now begun. It intends to expand its distribution reach from 100+ physical touchpoints to more than 250 by the end of fiscal year 22-23. It also intends to offer e-scooters in the near future.

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This NRI couple’s foundation helps poor kids get decent education, study abroad

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This NRI couple’s foundation helps poor kids get decent education, study abroad

Sitare Foundation was started by Shilpa and Amit Singhal after they left their US jobs. The organisation assists children from low-income families in obtaining a decent education in private institutions as well as opportunities to study abroad.

Kusum Chaudhary, 17, is ready to go to Maryland University in the United States to take a four-year undergraduate degree in computer science. She is staying in a modest, unassuming bungalow in B J S Colony in Rajasthan’s Jodhpur. Her education’s future remained unknown until a few years ago.

She came from a farming family that does not own the land they labour on, therefore money was always an issue.

Kusum feared that due to financial difficulties, she would not have been able to continue her education through Class 12.  She attended the local public school till sixth grade. However, from Class 7 onwards, she was enrolled to the Sitare Foundation.

Shilpa and Dr. Amit Singhal, a US-based couple, founded the pan-India NGO to provide quality education to children from low-income families.

They cover all costs of a child’s education, from grades 6 to 12, including school fees, transportation, lodging, and meals.

The charity collaborates with prestigious private schools in the city. Kusum was quickly accepted at the Euro International School in Jodhpur.

She adds, “I studied English and learned to read, write, and speak it.” Kusum’s world began to open up with the help of her instructors and the foundation.

The Singhals recollect seeing directly how education can change family generations.

“I am only where I am now due of education,” Amit explains.

Shilpa has a master’s degree in Physics from Binghamton University and a bachelor’s degree in Computer Science and Engineering from Cornell University, and he worked as a software developer at Google for 15 years. He could only grant his son, Amit’s grandpa, permission to study. He went on to acquire a BA in English and work as a teacher.

Education, not money, was the only thing one generation gave to the next. Today, the couple is on a mission to contribute whatever they have earned to the cause of education in India. They quit their jobs and launched Sitare in 2016.

Each student’s education costs $2,000 each year, which the couple pays for out of their own pockets.

Amit adds, “Education is fundamentally the only long-term path out of poverty. And education is really important to us.”

Money has very little value beyond a certain point, the couple realised.

Amit observes. ” The only constructive thing one could accomplish with their money is to enhance the lives of others. The couple’s main issue after establishing the foundation was recruiting the smartest students to assist them. Low-income families live in an information-poor world, not simply a money-poor environment.”

In the first year, they received roughly 240 applications and chose 50 to join Sitare. As their work progressed, news spread, and this year, they got 73,000 applications from admission tests held in Jaipur, Jodhpur, Bhopal, and Indore, of which 100 were chosen for the programme.

The aptitude exam was created by testing professionals at the edtech business Educational Initiatives.

They have so far worked with almost 400 youngsters. However, considering the pupils’ backgrounds, additional obstacles have developed.

Because of domestic duties, girls in particular are frequently denied a supportive atmosphere in which to focus on education. “They are battling on a daily basis in that atmosphere.

We are providing them with an education that will enable them to compete with youngsters who live in luxury and whose sole task is to study “He continues.

Even for girls who are talented enough to be accepted into Sitare’s programme, their parents may marry them off, forcing them to quit school.

“All of the societal anguish shows up in our programme in several ways,” Amit explains.

Sitare has also collaborated with Sanskriti, The School, in Ajmer, Kids Club School in Jaipur, IES Public School in Bhopal, and The Millennium School in Madhya Pradesh for pupils that persist with the programme. Their first group of graduates this year, after seven years of hard effort.

In addition to Kusum, four other students are preparing to study in the United States, all of whom are interested in STEM-related degrees, which the foundation supports.

According to Amit, when the youngsters first attend the programme, they do not even dream large. The most ambitious aspire to be the instructors they’ve seen in public schools. Sitare, on the other hand, encourages them to come out of their shells and experience the outside environment.

Amit and Shilpa are also in the process of establishing Sitare University in Madhya Pradesh, where students will receive free undergraduate computer science education.

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Stylize india launches its 3rd edition of digital calendar 2023 by Prabhat Dixit

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Stylize india launches its 3rd edition of digital calendar 2023 by Prabhat Dixit

Stylize India launches it’s 3rd edition of digital calendar 2023 in the row Featuring Face of Year Priyanka Yadav (Tiska Mrs India UP 2021 Platinum) an advocate by profession and social activist by her choice from the city Meerut always believed that age doesn’t matter when you want to follow your passion she has proved that by taking part in a National Beauty Pageant and being featured in Stylize india calendar 2023 has made her more confident and positive towards life where in the other new talented face selected from the Hyper city Bangalore Pooja Aeri from Karnataka Being a housewife stepping out was not an easy task for her but her courage made her register for Mrs. India one in a million where she won the title of Mrs. India one in a million South 2022 in the gold category.

Stylize Calendar has featured all 9 winners of Mrs. India One in a Million season 3 Aayushi Jain was the winner in the Platinum category, the 1st runner up was Dr. Shagun Solanki and the 2nd runner up was Ashwarya Ghael, the winner in the 2nd category Gold was Snehal Mandgaonkar, the 1st runner up was Pooja Diwakar and the 2nd runner up. Became Roli Bhatt. If we talk about the 3rd classic category, Priya Bhedi became the winner, Sabina Medury became the first runner up, and Purnima Padmasana, the 2nd runner up, all these 9 winners got featured in Stylize India Calendar 2023 & Parul S Ghanghas ( Tiska Mrs India Platinum 2022 ) The shoot for season 3 was held at Crowne Plaza hotel gurgaon on 24th December 2022 in a collaboration with Celebrity Makeup artist Kaaminimakeovers and ‘Make U Glam’ by Megha Thakur as the make up & Hair partners for the shoot this calendar will be launched on 1st January 2023, India, Stylize india launched its first calendar in 2021 for which shoot took place at Hotel Pullman New Delhi aerocity and 2nd calendar in 2022 which took place at Vivanta by Taj New Delhi, Stylize digital calendar has become a top choice of many people because of the benefits our models are getting of being on its digital version.

Prabhat Dixit founder of stylize India believes in giving a platform and acknowledge the talent of people working in fashion industry for which stylize india publish its monthly fashion magazine along with annual digital calendar, stylize india also works as artist management and PR agency where they guide new and fresh talent to create their brand identity in the market Prabhat dixit also revealed that soon stylize India will launch its Fashion and Beauty Award to acknowledge talent and Hard work of people working in Indian fashion industry. He also added that he has been working in this industry for the past 4 years and told about his experience where he said that the Indian fashion industry is growing with high benchmarks. We already know that Digital content creation has created a bigger platform for fashion industry to grow and connect with the correct audience and customers website : www.stylizeindia.com

Morgan Stanley fund looks to own a stake in Athulya with Rs.100 cr investment

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Morgan Stanley fund looks to own a stake in Athulya with Rs.100 cr investment

A Morgan Stanley fund is looking to acquire a 20-25% stake in  Athulya Assisted Living Pvt. Ltd., a geriatric care company. North Haven India Infrastructure Fund is expected to invest Rs.100 crore ($12 million) in the company.

A Morgan Stanley fund is leading the charge to invest in Athulya Assisted Living Pvt. Ltd., a senior care provider located in Chennai.

Morgan Stanley Investment Management Inc.’s North Haven India Infrastructure Fund may invest 100 crore ($12 million) in Athulya for a 20-25% stake. This is the startup’s first round of institutional investment.

The organisation, which operates under the Athulya Senior Care name, provides geriatric assisted living and home healthcare services.

In September 2021 that the company is in negotiations with venture capital companies to fund $10 million. The funding was to be used mostly for facility development and service expansion in the southern states.

Athulya began as Healthabove60 in July 2014, delivering solely home healthcare services. After incorporating a senior living rental concept in 2017, it was called Athulya Assisted Living.

With 500 beds, the business promises to be one of India’s largest assisted living institutions.

It provides services such as assisted living in senior living communities and a senior living rental model, as well as geriatric home healthcare.

It includes four facilities in Chennai and one in Bengaluru, the largest of which has about 150 beds.

Since its launch, the firm claims to have served over 15,000 seniors, providing nursing care, doctor visits, physiotherapy, rehabilitation, blood sample collection, ICU setup at home, and bringing the full range of healthcare services to their doorstep. North Haven India Infrastructure Fund invests in asset-light infrastructure assets such as energy, utilities, mobility, logistics, social infrastructure, and healthcare.

Previous investments by the fund include pallet pooling company Leap India, trash management and recycling business Recykal, and iBus Network and Infrastructure. The investor, together with Denmark’s Investment Fund for Developing Countries (IFU), emerged as front-runners to invest in organic food exporter Suminter India Organics Pvt. Ltd. last month, according to media reports.

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Funding race between unicorns & cockroaches starts as investors gear up for 2023

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Funding race between unicorns & cockroaches starts as investors gear up for 2023

We all know that in the business world, billion dollar companies are called unicorns. But, there are also businesses called, cockroaches, which grow gradually and progressively from the time they are founded. A cockroach startup places a strong emphasis on sales as well as profit and maintains strict cost management to guarantee that its development is financially solid.

Following a turbulent 2022, as investors and entrepreneurs prepare for an uncertain 2023, it will be intriguing to watch who wins the race—mythical unicorn monsters or real, immune cockroaches that can endure a nuclear war.

Priyanka Bansal (name changed), the founder of an edtech startup, was searching for $12 million in Series A investment in November.

Her premise was straightforward: early-stage funding was still unaffected by the much-discussed funding winter, and her firm catered to higher education and upskilling, a popular niche among edtechs even this year, when entrepreneurs faced a funding winter.

As central banks throughout the world boosted interest rates to combat inflation, which escalated during Europe’s Russia-Ukraine conflict, causing financial markets to tremble, funding for startups dried up.

In 2021, startups in India raised about $41 billion in equity rounds, implying that they had a lot of capital on their books. However, financing has been constantly slowing since the first quarter of this year due to macroeconomic difficulties.

According to statistics compiled by private market intelligence platform Tracxn Technologies, private equity (PE) and venture capital financing will shrink to $25.9 billion in 2022.

According to the statistics, funding was cut in half in the last three quarters of 2022, to $18.1 billion, compared to the same time in 2021.

But, much to Bansal’s surprise, when she met with investors in November, she received relatively few inquiries regarding her startup’s planned revenue growth and TAM.

Investors also asked relatively few questions regarding the startup’s vision on the industry.

These are unusual questions for investors to ask during Series A investment rounds. “Last year, investors were preoccupied with TAM and revenue estimates.

Things have altered this year, due to the financing winter. For example, whereas the revenue multiple was heavily debated last year, it has since been replaced by the EBITDA (Earnings Before Interest, Tax, Depreciation, and Amortisation) multiple.

Investors are becoming more selective of companies with poor unit economics “the individual noted.

Bansal isn’t the only one. Many startups had a similar experience this year while raising funding, as investors looked beyond TAM and revenue predictions before investing, even at the early stages.

The much-discussed fundraising cold that has shook the world’s third-largest startup ecosystem has also made investors more cautious about investing. Naturally, many are transferring their hopes to more immune cockroaches, who are likely to overtake unicorns as the most-wanted startup species in 2023.

The word “cockroach” refers to a company that may endure during periods of financing slowdowns by tightening cost controls.

Anand Lunia, founding partner of India Quotient, said, “Companies raised a lot of money in 2021, so they have some buffer till at least a quarter or two in 2023. However, they are also the firms with a high burn rate. As a result, these may die slowly in the short term. Investors may return next year. They will, however, come carefully and will choose to invest in firms that have lowered burn and continued to expand and have the ability to thrive indefinitely without further money.”

With investors becoming increasingly interested in unit economics, companies were forced to adjust their focus from ‘growth at any cost’ to sustainable growth.

Naturally, ‘profitability’ was one of the most hotly debated subjects in the startup industry this year.

In May, the media claimed that just one-fifth of India’s then-100 unicorns, or around 23 of them, were profitable. In fact, edtech platform Byju’s came under fire throughout the year for declaring a loss of more than Rs 4,500 crore for FY21 (2020-21), making it India’s largest loss-making company in FY21. Furthermore, public shareholders’ reactions to businesses like as Zomato, Paytm, and Policybazaar demonstrated India’s poor desire for shares of high-growth, loss-making enterprises.

Shares of PB Fintech (parent of Policybazaar), Zomato, and One97 Communications (parent of Paytm) have plunged 51-60% since the beginning of 2022. The three firms are also selling substantially below their IPO valuations.

According to industry analysts, this forced private market investors to urge even early-stage businesses to focus on greater unit economics.

Naik noted, “The issue will affect firms that were once prosperous but then stopped growing. There are firms that continue to grow while also cutting expenses and showing profitability. However, organisations that are not developing or are not moving toward profitability will face difficulties.” 

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Tata Motors finalizes Rs 725 cr deal to acquire Ford India’s plant

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Tata Motors finalizes Rs 725 cr deal to acquire Ford India’s plant

Tata Motors has concluded its deal to acquire Ford India’s vehicle production plant in Sanand. The two companies had inked a unit transfer deal on August 7.

According to an exchange notice, Tata Passenger Electric Mobility (TPEML), a subsidiary of Tata Motors, has finalised the acquisition of Ford India’s car production unit in Sanand for Rs 725.7 crore.

TPEML and Ford India (FIPL) signed a unit transfer agreement on August 7 for the acquisition of FIPL’s plant in Sanand, Gujarat, including all land and buildings; the vehicle manufacturing plant and machinery and equipment located therein; and the transfer of all eligible employees of FIPL’s vehicle manufacturing operations at Sanand, for a total consideration, exclusive of taxes, of Rs 725.7 crore.

Tata Motors stated, “We will proceed with the deal  on January 10, 2023, subject to the fulfilment of its  required condition precedents. These include receipt of appropriate government permissions.”

Tata Motors has been a prominent participant in the electric-vehicle industry for some years, and the firm stated that it has strong ambitions to maintain this momentum with a future pipeline and EV investments.

As part of the deal, all qualified workers of FIPL’s car manufacturing factory were offered employment with TPEML on terms, conditions, and benefits comparable to those they already enjoy. Employees of FIPL who accept its offer of employment will become TPEML employees on January 10, 2023.

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