ISSUE 28th December, 2022

2022

Dear Reader,

The seventieth issue of UDYOGPATRA has been released. The

members of UDDYOMI, E- Cell of Calcutta Business School are
thankful to all the readers for their valued support.

On the behalf of UDDYOMI, E-Cell of Calcutta Business School,

I thank all the members in preparing this newsletter.

Looking forward to more participation in making UDYOGPATRA

a great success. Hope you will enjoy reading.
Dr. Pinaki Ranjan Bhattacharyya,

Professor - Marketing & Entrepreneurship,

Co-ordinator , E-Cell

And

Prof. Aparajita Sanyal,

Assistant Professor – Marketing,

Joint Co-ordinator,E-Cell

Self-care brand 82°E raises $7.5M in seed

Bigbasket raises $200M from parent Tata Digital
round

E-grocery player Bigbasket has raised $200 million from Founded by Deepika Padukone and Jigar Shah,
parent Tata Digital which owns 64% of the company. This 82°E launched its skincare products Ashwagandha
is Tata Digital's fourth round of funding in Bigbasket. Bounce moisturiser and Patchouli Glow sunscreen
The funding round is expected to value Bigbasket at a drops in November 2022. Deepika Padukone’s
valuation of $3-3.5 billion post-money, according to a self-care brand 82°E has raised $7.5 million in
report by the Economic Times. The company was valued at seed funding led by DSG Consumer Partners and
$2.7 billion in a secondary share sale in March this year. IDEO Ventures. The round also saw participation
Bigbasket will use the fresh capital to expand the quick from angel investors. The company will utilise the
commerce vertical BB Now and use it as an expansion tool newly-raised capital to grow its team, scale
for core Bigbasket users as opposed to converting research and development, and launch new
existing users to try the 30-minute delivery service, per products, it said in a statement.
the report.
ISSUE PERFORM YOUR TASK WHILE USING YOUR MASK 28th December, 2022
2022
PhysicsWallah forays into upskilling with iNeuron Ola Electric to launch commercial vehicles
acquisition soon

Edtech startup PhysicsWallah is set to acquire iNeuron.ai, Electric vehicle (EV) maker Ola Electric will also
marking its entry into the upskilling market that also manufacture commercial vehicles along with two-
includes fellow unicorns UpGrad, Emeritus and Byju’s wheelers and cars, co-founder Bhavish Aggarwal
(Great Learning).The startup, valued at $1.1 billion, will said. The company will soon start generating
acquire a portion of iNeuron.ai from NSE-listed publishing profits from its two-wheeler business and it will
and education services firm S Chand and Company for re-invest the profits into these newer products.
about Rs 14 crore ($1.7 million). The Mukesh Sharma The company, he added, is the most capital
Family Trust, a co-investor, will also exit iNeuron.The efficient among competitors, especially because it
acquisition is a mix of cash and stock, a PhysicsWallah does not run on a dealership model. On plans to
spokesperson told ET, adding that the company has also make its own battery cells, Aggarwal said that the
acquired a stake in S Chand and Co.The deal value was not company was on track to achieving its goal of
disclosed. iNeuron offers 605 courses across about 12 starting manufacturing by the end of 2023. He
verticals such as business management, finance, data said that Ola Electric is currently the largest
science, web development, digital marketing.A job consumer of lithium-ion battery cells in the
guarantee feature included in some of iNeuron’s business country and that there would be huge in-house
will be removed with PhysicsWallah’s partnership. demand, and once this is met, the company may
PhysicsWallah’s employee strength will increase from explore selling its cells to other Original
5,200 to 5,300 with the acquisition, Pandey told ET. Equipment Manufacturers
Edtech startup upGrad has invested in for
iNeuron will benefit from PhysicsWallah’s existing user
strengthen product vertical TuringMinds.
base of about 400,000 engineering students, Pandey said,
adding that iNeuron has 10,000-15,000 unique learners in
total.
Fintech Zype raises ₹146 crore

Fintech startup Zype on Wednesday said it has raised TuringMinds was set up to cater to the
₹146 crore in a funding round led by city-based private increasing traction from enterprises for
equity fund Xponentia Capital. Zype, which is focused on outsourced research and product development,
upping credit accessibility to millennials and help them leveraging this one-of-its-kind scholar pool. It
develop sustainable financial habits, will deploy the funds operates over 15+ offline facilities in the US,
for the technology platform, expanding team and India, Europe, UK, and the Middle East. Further,
customer acquisition, as per a statement. Its Founder and its offices in Hyderabad, Bengaluru, and Detroit
Chief Executive Yogi Sadana said the company intends to operate with a professional workforce of 250
offer credit products and interactive money management product engineers and aims to double this in the
tools to its target segment. next quarter, the company said in a statement .
ISSUE PERFORM YOUR TASK WHILE USING YOUR MASK 28th December, 2022
2022
Foodtech firm SaveEat raises $500,000 in funding Wadhwani AI gets $1 million grant from
to expand business Google.org to build AI solutions in agriculture

SaveEat has raised $500,000 in pre-series A funding

The Wadhwani Institute for Artificial Intelligence
from Credent Investment Pvt Ltd, bringing the foodtech
has received a USD 1 million grant from
start-up’s valuation to $4 million.The firm will use the
Google.Org. Wadhwani AI will utilise the grant
fund on technology, increasing its team and on marketing.
towards building AI-powered solutions in the
The money would help the firm expand its business
agriculture sector, it said in a statement. These
operations in Mumbai, Pune and Bengaluru. This pre-seed
solutions will help farmers gain timely, localised,
round comes on the heels of the product’s unique ideation,
and accurate weather-related information, crop
business revenue model that is ambitious yet realistic,
and other farm-related information. Wadhwani AI
and the untapped potential the business has in a country
had received a USD 2 million grant from
like India. The company also aims to hire the best and
Google.org in 2019 to support the CottonAce AI-
competitive talent in the country for this mission. We
powered pest management solution. With roughly
plan to become a first-of-its-kind foodtech platform
half of India's population dependent on agriculture
that’s addressing the Rs 40,000 crore problem of food
for their livelihood, this is a sector where
wastage in the hospitality sector of India, said Sneh
technological advancements can lead to pervasive
Binny, founder and chief executive officer of SaveEat.
benefits, said Manish Gupta, Research Director,
WeWork India raises Rs 550 crore from BPEA Google Research India.
Credit-managed fund Data science startup Tredence raises $175M
in a Series B round from Advent

WeWork India on Monday said it has raised Rs 550 crore

from funds managed by BPEA Credit. The amount will be
used for future growth and potential consolidation
opportunities. WeWork India has a portfolio of around Global data science and AI solutions company
70,000 desks spread over 6 million square feet area in 41 Tredence has raised $175 million in a Series B
centres across Bengaluru, Mumbai, Gurugram, Noida, funding round led by Advent International as it
Hyderabad, and Pune. The company already has presence looks to accelerate data-fuelled growth and AI
in Noida and Gurugram in the Delhi-NCR market and is value realization for industries. Advent, a global
now looking at entering Delhi. WeWork India also recently private equity firm, has significant investment
made its first investment in the Bengaluru-based experience in the technology services and
conferencing and collaboration platform Zoapi to offer software sectors. The firm’s recent investments
innovative and immersive solutions to businesses. In 2017, include Encora, CI&T, NielsenIQ, Neoris, Sophos
WeWork Global had partnered with Bengaluru-based Solutions, Aareon, Canvia, and QuEST Global
Embassy Group to enter the Indian market. Services.
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ISSUE PERFORM YOUR TASK WHILE USING YOUR MASK 28th December, 2022
2022
How Startups Can Navigate The Market Downturn In 2023
As the majority of top-tier funds in India have raised record amounts of money this year, an indication that we could witness intense
investment cycles ahead, India is well-positioned to weather this winter on a global scale. India has recently emerged as the third
largest startup ecosystem, closely trailing the economic titans US & China. Even though it may seem like a new phenomenon, the
seeds for its expansion were actually planted approximately forty years ago. As per an industry report, Indian startups received a
record investment of $38 Bn in 2021, with almost 84% of founders having a positive experience while raising the funding. However,
there are now whispers of a funding winter gaining ground as the year 2023 approaches with an upcoming recession. This is how the
Startups Can Navigate The Market Downturn In 2023. One of the best ways for Indian startups to prepare for a recession in 2023 is to
focus on cost efficiency. By cutting costs, startups can ensure that their operations remain lean and profitable during difficult
economic times. This could involve streamlining internal processes, switching to cheaper suppliers, or renegotiating contracts with
current suppliers. For startups to remain resilient during tough times, it is important to have multiple sources of income. This could
involve developing new products, entering new markets, or exploring new technologies. Additionally, startups should also look at
ways to monetize existing products and services. With the right mindset and intentional approach, an entrepreneur can make 2023 a
year to strive and thrive.

- By Pravanjan Mukherjee

1.
2.
3.
1. Deepak Kumar
RAHUL SHAW
2. Ritesh Agarwal
SUDESHNA CHOWDHURY
3. Prasanjit Gorai
PAYALI ROY
E – cell Quiz
winners
“
TEAM UDDYOMI

Tania Basu, Pravanjan Mukherjee, Shohan Mukherjee, Sumit Sarkar, Deepak

Kumar, Sabujkana Naskar, Gourab Mahanto, Mandita Dey, Pratyusha Kuila,
Sourav Deb, Nikita Sasmal, Devdeep Datta , Neha Jha , Menka Chaurasia,
Gaurav Chettri , Srijita Mitra , Sidharth Jaiswal ,Srijan Bose

CONTACT ADDRESS –

UDDYOMI (ENTERPRENEURSHIP CLUB)

Calcutta Business School, Diamond Harbour Road. Kolkata- 743503

E-mail - ecell@calcuttabusinessschool.org

9007070850, 9748381465, 8777262293, 9835157703

7301671834