As Tracxn Technologies’ IPO approaches, investor interest in the market intelligence platform is high. The company secured just over Rs 139 crore from anchor investors ahead of the IPO scheduled for Oct. 10 as it looks to raise another Rs 309 crore.
Meanwhile, Wall Street banks have lowered their expectations for third-quarter earnings for large US companies by $34 billion over the past three months. This signals a bleak outlook for the near term as a global recession looms.
ICYMI: One person in Manchester, UK was stunned when Uber tried to charge $39,317 (around 32 lakh) for just a 15-minute ride.
Well, is inflation to blame?
In today’s newsletter we talk about it
- Meet the musician CEO of HealthifyMe
- Driving diversity in sales
- The aha moment from SUGAR Cosmetics
Here’s your trivia for today: Where is Asia’s largest spice market located?
Meet the musician CEO of HealthifyMe
Tushar Vashisht, co-founder and CEO of HealthifyMe, is an entrepreneur by day and a musician by night. He has been a composer since he was 18, was part of an acapella group at the University of Pennsylvania and has not stopped composing music.
“I’d like to think that entrepreneurship is my heart and mind together, but music is my soul,” he says.
- On the occasion of Gandhi Jayanti, he played Cry For Peace, an original of his, on national television.
- Along with guitarist Raghu Ramasubramanian, he co-composed and co-produced two singles, Kahaani and Ud JaRe.
- While legends like Abida Parveen, Bhemsen Joshi and Pandit Jasraj are his inspiration, he also looks up to Arijit Singh and Hariharan.
Tushar Vashisht, Co-Founder and CEO of HealthifyMe
Driving diversity in sales
October is now marked as Women in Sales Month and Chitra Singh sees this as a great opportunity. She is the founder of Sales Womentoring, India’s first women-only sales-focused community.
The platform is focused on increasing the talent pipeline of women in sales and addressing the problem of mid-career sales drop-out.
Helping women rise:
- The Sales Womentoring platform is now supported by 30 mentors from around the world.
- The community offers membership plans for group mentoring and power mentoring.
- The programs are open to all women, regardless of their occupation, and have no eligibility criteria.
The turning point
The aha moment from SUGAR Cosmetics
Before founding SUGAR Cosmetics, Kaushik Mukherjee and Vineeta Singh ran a beauty subscription service called Fab Bag. They saw a trend of Indian millennial women who had started wearing makeup regularly as a feel-good accessory.
“I thought makeup had to last a long time. Even if a woman is taking public transportation or traveling down dirty roads, her makeup should stay put,” says Vineeta.
- During the running of Fab Bag, the team amassed 200,000 customers who shared their likes, skin concerns and likes/dislikes.
- This prompted SUGAR to launch a foundation in 22 shades suitable for all Indian skin tones.
- It also launched India’s first powder lipstick, which sold out in two weeks.
- Clear steering: The electric car manufacturer Rivian has informed its customers that it is conducting a voluntary recall of all 13,000 delivered vehicles due to a loose fastener in the steering. This comes after the company faced price hikes and laid off 6% of its workforce this year.
- Pink Bling: An extremely rare fancy vivid pink diamond has set a world record for the highest price per carat for a diamond sold at auction. Sotheby’s Hong Kong sold the 11.15-carat Williamson Pink Star diamond for over US$57 million.
- Music memory: According to research, the music rhythm game Rhythmicity improved short-term memory in adults. It uses visual cues to train participants to play a rhythm on a tablet, which can improve performance on a non-musical task, the researchers found.
What to look out for
- The Indian men’s cricket team meets South Africa in the second ODI at Ranchi.
- Prime Minister Narendra Modi will declare Modhera in Gujarat the first solar-powered village in India.
Where is Asia’s largest spice market located?
Answer: Khari Baoli in Delhi is Asia’s largest spice market. Established in the 17th century, the wholesale food market sells a variety of spices, nuts, herbs and grocery products.
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