Upward movement in India’s job market; Money View raises $75M

Hi,

Netflix users, the days of sharing your passwords are over. The company announced that it will end this way from 2023, and will ask people with joint accounts to pay to do so. The Wall Street Journal.

Guess what, love isn’t about sharing anymore Password For streaming service

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In other news, Indians spent 11 billion minutes on Uber over 4.5 billion kilometers in 2022, with Delhi-NCR recording the highest number of rides, followed by Bengaluru.

Finally, a throwback to some top-notch images clicked by the James Webb Space Telescope.

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All in all, a worthy replacement for Hubble!

In today’s newsletter about

  • Signs of improvement in the Indian labor market
  • Moneyview raises $75 million at $900 million valuation
  • Nitin Kamat on how to improve your chances
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Here’s your trivia for today: What is the tallest uninterrupted waterfall in the world?


jobs

Signs of improvement in the Indian labor market

Employment trends

After an upward movement in industrial hiring, there was a significant slowdown in the labor market, with companies not only hitting the hiring brakes, but also laying off people. The tide turned in April 2022, when rising inflation and threats of recession prompted companies to lower their hiring targets.

However, there are now signs of market recovery in the near future, especially in the retail, real estate, BFSI and auto sectors.

Green branches:

  • The banking, financial services and insurance (BFSI) industry saw the strongest demand for professionals in 2022, posting a 25% year-on-year growth in recruitment.
  • Apart from BFSI, Telecom/ISP, Manufacturing & Construction, Automotive/Ancillary Developments/Tires and Retail were the top industries in terms of hiring activity.
  • Hiring in media and entertainment, engineering, cement, construction, iron/steel, education, FMCG, food and packaged foods declined.

Funding Alert

Launch: Show money

Amount: 75 million dollars

Round: Series E

Setup: SaveIN

Amount: 8 million dollars

Round: Seed

Launched by: Hair Originals

Amount: $1.25 million

Round: Pre-series A


Funds

Moneyview raises $75 million at $900 million valuation

Founders of Moneyview

Moneyview has raised $75 million in its ongoing Series E funding led by Apis Partners, a $900 million UK-based asset manager, with participation from existing investors Tiger Global, Winter Capital, and Evolution.

Co-Founder and CEO Puneet Agarwal said, “Our performance and growth over the past two years has allowed us to take our mission of truly financial inclusion in India with great success.”

Almost a unicorn:

  • The Bengaluru-based startup plans to use the funding to expand its credit business, grow its team and expand its product portfolio with services such as digital bank accounts, insurance and wealth management solutions.
  • Earlier this year, the Tiger Global-backed fintech startup raised $75 million in a Series D round in March.
  • The firm said it operates at an annual payout rate of $1.2 billion with $800 million in assets under management (AUM).

Inspiration

Nitin Kamat on how to improve your chances

Techsparks 2022 Nithin Kamath

For a generation of entrepreneurs, Zerodha is an important role model, not just for the scale at which it has grown, but for doing so while sticking to its values.

In an insightful conversation at TechSparks with your story Shraddha Sharma Founder & CEO Nitin Kamath, 43-year-old Founder & CEO of Zerodha, discussed various aspects of his endeavors with business and journey as an entrepreneur.

Chips:

  • Nitin insists on introducing the concept of money – including risk-taking and compounding – early in schools and colleges.
  • He believes that the only skill India needs to become rich and inclusive is entrepreneurship. Key to this is frameworks for making decisions about risks and rewards and developing storytelling skills to inspire more people to become entrepreneurs.
  • While some insiders and industry experts believe in external metrics like valuation as key measures of a company’s value, the entrepreneur reiterates a simple fact – what may be right for an investor may not always be right for a customer. not be

News and updates

  • Record Levels: India is set to be among the world’s best-performing stock markets, overcoming concerns about higher interest rates and an economic slowdown that have plagued its peers. The S&P BSE Sensex is up 3% so far in 2022, the biggest gainer after moves in Singapore and Indonesia.
  • sharp drop: Disney and James Cameron’s Avatar: The Last Airbender earned an estimated $56 million in its second weekend in theaters, down 58 percent from its debut. Ticket sales declines are common for blockbuster titles, with most seeing a 50-70 percent drop.
  • The five richest: 2022 saw the erosion of the wealth of most of the world’s top billionaires, with market fluctuations leading to large fluctuations in wealth throughout the year. After a round of musical chairs, the top five billionaires are Bernard Arnault, Elon Musk, Gautam Adani, Bill Gates and Jeff Bezos.

What is the tallest uninterrupted waterfall in the world?

Response: Venezuela’s Angel Falls, 3,212 feet high and 2,648 feet high.


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