As Tracxn Technologies’ IPO approaches, investor interest in the trading information platform is at an all-time high. The company has secured just over Rs 139 crore from anchor investors ahead of the scheduled October 10 IPO as it seeks to raise another Rs 309 crore.
Meanwhile, Wall Street banks have slashed their expectations for third-quarter earnings for major U.S. corporations by $34 billion over the past three months. This signals a bleak outlook for the near future as the global recession looms on the horizon.
ICYMI: A person in Manchester, UK was stunned when Uber tried to charge $39,317 (about Rs 32 lakh) for just a 15-minute ride.
Well, is inflation to blame?
In today’s newsletter we will talk about
- Meet the Musician CEO of HealthifyMe
- Foster diversity in sales
- Fetish moment from SUGAR Cosmetics
Here is your story for the day: where is the largest spice market in Asia?
Meet the Musician CEO of HealthifyMe
Tushar Vashisht, co-founder and CEO of HealthifyMe, is an entrepreneur by day and a musician by night. A composer since the age of 18, he was part of an a capella group at the University of Pennsylvania and never stopped composing music.
“I would like to believe that entrepreneurship is my heart and my mind, but music is my soul,” he says.
- He performed Cry For Peace, an original by him, on national television on the occasion of Gandhi Jayanti.
- With guitarist Raghu Ramasubramanian, he co-composed and produced two singles, Kahaani and Ud Ja Re.
- While legends such as Abida Parveen, Bhemsen Joshi and Pandit Jasraj are his inspiration, he also looked up to Arijit Singh and Hariharan.
Tushar Vashisht, Co-Founder and CEO, HealthifyMe
Foster diversity in sales
October is now marked as Women in Sales month and Chitra Singh sees it as a great opportunity. She is the founder of Sales Womentoring, India’s first women-only, sales-focused community.
The platform focuses on increasing the talent pool of women in sales and addressing the issue of female salespeople disengaging around mid-career.
Helping women surpass themselves:
- The Sales Womentoring platform now benefits from the support of 30 mentors from all over the world.
- The community offers membership plans for Group Mentoring and Power Mentoring.
- The programs are open to all women, regardless of profession, and have no eligibility criteria.
Fetish 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 wellness accessory.
“I thought makeup should last a long time. Even if a woman travels by public transport or on polluted roads, her makeup should remain,” says Vineeta.
- While running Fab Bag, the team gathered 200,000 customers who shared their likes, skin issues, and likes/dislikes.
- This led SUGAR to launch a foundation in 22 shades suitable for all Indian skin tones.
- He also launched India’s first powder lipstick, which sold out in two weeks.
- Loose steering: Electric carmaker Rivian has informed customers that it is voluntarily recalling all 13,000 vehicles it has delivered due to a loose binding in the steering. It comes after the company faced backlash for raising prices and laying 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 has sold the 11.15-carat Williamson Pink Star diamond for over $57 million.
- Musical memory: According to a research article, the musical rhythm game Rhythmity improved short-term memory in adults. It uses visual cues to train participants to play a rhythm on a tablet, which can benefit performance on a non-musical task, the researchers found.
What you should pay attention to
- The Indian men’s cricket team will face South Africa in the second ODI at Ranchi.
- Prime Minister Narendra Modi is set to declare Modhera in Gujarat as India’s first solar-powered village.
Where is Asia’s largest spice market?
Answer: Khari Baoli in Delhi is the largest spice market in Asia. Open since the 17th century, the wholesale grocery market sells a variety of spices, nuts, herbs and food items.
We would like to hear from you! To let us know what you liked and disliked about our newsletter, please email Editorial@yourstory.com.
If you do not already receive this newsletter in your inbox, register here. For previous editions of YourStory Buzz, you can consult our Daily capsule page here.