Howdy Reader,
The blood of the dragon is robust certainly.
Even earlier than the second episode of HBO’s new fantasy collection Home of the Dragon is launched, the present has been renewed for a second season! In any case, the premiere, which aired on Monday, has already been seen by 20 million individuals and counting—the very best for any new authentic present in HBO’s historical past.
In different information, home indices closed larger on Friday—if solely by a hair. The BSE Sensex ended the day 0.10% larger at 58,833 whereas Nifty50 rose by 0.21% to finish at 17,558.
In the meantime, password supervisor LastPass bought hacked. Nevertheless, it doesn’t imagine any passwords have been compromised and customers shouldn’t must take motion to safe their accounts.
ICYMI: A 17-year-old turned the youngest particular person to fly solo all over the world. Mack Rutherford, a Belgian-British twin nationwide, landed in Bulgaria earlier this week, the place his journey started 5 months in the past.
In at present’s publication, we are going to speak about
- Making cryptocurrency accessible
- Sequoia sells partial stake in Zomato
- Innovation in males’s innerwear phase
Cryptocurrency
Making cryptocurrency accessible
For cryptocurrencies to realize widespread reputation, additionally they should be accessible. With this imaginative and prescient, Ray Youssef began Paxful, a peer-to-peer cryptocurrency change the place practically 10 million customers commerce regularly the world over.
“It is a enterprise that has to develop from the underside up and that requires great quantities of training, funding in individuals and threat and it must be constructed up from the bottom up,” he says.
Enhancing accessibility:
- Paxful is used to ship cash to households for e-commerce, import and export.
- Over six million trades on Paxful originate from Africa.
- Whereas it specialises in Bitcoin, customers could make funds for BTC through Ethereum, Litecoin, Monero, and Golem.
Investor
Sequoia sells partial stake in Zomato
After Tiger International and Uber, Sequoia Capital India has offered its partial stake in foodtech decacorn Zomato after the necessary one-year lock-in interval ended submit the IPO final yr.
Sequoia Capital India will promote 171,904,811 shares with voting rights, which it holds by means of Sequoia Capital India Progress Funding Holdings I and Sequoia Capital India Progress Investments II.
Key factors:
- This comes after Zomato lowered the funding steering into Blinkit to $320 million for breakeven.
- Sequoia Capital India Investments IV acquired 45,153,346 incremental shares in Zomato in August 2022 following the acquisition of Blink Commerce, which operates Blinkit.
- Zomato shares closed at Rs 61.90 per share on Friday, down from its earlier shut of Rs 62.05 per share on BSE.
Picture supply: Shutterstock
Turning Level
Innovation in males’s innerwear phase
Trying on the lack of product innovation within the innerwear market, Yogesh Kabra determined to fill the hole with a model that’s not solely rooted in consolation and performance, however was additionally enjoyable and playful and aesthetic.
Now, XYXX Apparels has turn into a well-liked males’s innerwear model amongst millennials. Within the final six months, the model has expanded to greater than 14,000 multi-brand shops.
Fast development:
- The startup sells three lakh models, principally males’s underwear, each month.
- It witnessed a 300% development year-on-year throughout FY22 in comparison with the final fiscal yr.
- XYXX not too long ago introduced elevating Rs 90 crore, contributing to a complete Rs 135 crore raised to this point.
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