Ola Electric’s mass-market dreams

Hello reader,

Ola Electric’s new scooter has arrived!

Aiming for the mass market, the company launched the Ola S1 Air electric scooter, built on the design of previous models but with a redesigned powertrain and battery.

The group’s founder and CEO, Bhavish Aggarwal, also responded to allegations of a “hostile working culture” within the company, saying: “Ola is a place for people who are really ambitious, really ambitious and want to let themselves go. a heritage.”

Meanwhile, ICICI Bank’s second-quarter profits jumped 37% year-on-year, while Kotak Mahindra Bank reported a 27% increase in profits.

ICYMI: Lenovo has introduced some very lucrative “rollable” technology, including a smartphone that can change size with a click.

In today’s newsletter we will talk about

  • To BTS, Love ARMY
  • From Career Power to Adda247
  • Support women entrepreneurs

Here is your quiz for today: where is the largest volcano in the solar system?


Music

To BTS, Love ARMY

South Korean K-pop group BTS has decided to enlist for mandatory military service and put their career on hold for about two years.

An ARMY (read: die-hard fan) talks about the impact the boy band had on her life and why songs like “Epiphany” will stick with her forever.

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The BTS experience:

  • The boy group garnered more fans by releasing their first English song “Dynamite,” followed by “Life Goes On,” “Butter,” and “Permission To Dance.”
  • The K-pop sensation was also nominated for a Grammy, the first Korean group to do so.
  • They dedicated an entire song called “We are Bulletproof: Eternal” to ARMYs, among many others.

Image Courtesy: Hybe Labels


Turning

From Career Power to Adda247

Before Adda247 became a go-to platform for government test preparation, Anil Nagar and Saurabh Bansal established Career Power to offer offline coaching courses to students, opening 100 branches by 2015.

In an effort to reach Tier II and III cities, and beyond, the duo launched Adda247 and created an app to help not only with accessibility but also connectivity, where the student can download the content .

Key points:

  • Adda247 offers content in over 12 Indian languages ​​for over 500 government exams.
  • With the recent $35 million round led by WestBridge Capital, the startup has now raised a total of $55 million.
  • The company has nearly 2 million paying users. The team says the business doubled in FY22 and is profitable.
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Female entrepreneurship

Support women entrepreneurs

Tripti Somani launched Womennovator as a global women’s incubator supporting women entrepreneurs in scaling up operations nationally and internationally.

“Women need information, mentorship, talking to the right people at the right time, how to approach the media, working on a press release, the right time to invest, and getting the packaging and costs right. sorted remained at the top of their list of concerns,” she explains.

More than funding:

  • The incubator helps create distribution networks, empowers women leaders, and empowers women community leaders to be agents of political change.
  • There are no membership fees. The platform has successful leaders and influencers who mentor other women and help grow the community.
  • So far, Womennovator has created a network of 10,000 women in over 50 cities in India and internationally in Australia, Dubai, South Africa and the United States.

Update News

  • Farms issues: Moody’s changed its view of the UK from ‘stable’ to ‘negative’ due to political instability and high inflation. This comes after Prime Minister Liz Truss resigned just after 44 days in office and as the country’s inflation topped double digits.
  • Music inflation: A day after its release, Taylor Swift’s latest album, “Midnights”, became the most expensive digital album released in the Chinese market, selling for $4.83 or 35 yuan.
  • Pop-up streaming: Netflix has opened a store in Los Angeles that it hopes will combine retail therapy with an “immersive” experience for fans of its popular shows ‘Stranger Things’, ‘Bridgerton’ and “Squid Game”.
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Where is the largest volcano in the solar system?

Answer: March. The Red Planet is home to Olympus Mons, which is three times taller than Mount Everest. Its size is comparable to that of the state of Maharashtra.


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