Hello,
“I don’t feel it anymore,” Prosus to PayU…probably.
The investment firm is considering a potential sale from the fintech sector, it was reported bloombergCiting anonymous sources, the report added that the deal could be worth as much as $800 million.
In other news, Stride Ventures has raised $100 million in the first closing of its third debt fund, halfway over its $200 million goal. This first closing came within four months of him receiving the fund’s license.
Speaking of funding, edtech company BYJU’S is reportedly on track to complete a massive $1 billion round in a month. money controlAbout $700 million is said to be raised through equities, while the remaining $300 million will be raised through structured products.
Meanwhile, let’s take a look at how countries view AI.
It turns out that wealthier countries are more skeptical of AI products and services.
In today’s newsletter,
- Charging infrastructure for commercial EVs
- Indian art in lifestyle products
- What is the Canton Network?
Here’s today’s trivia: How did America’s first billionaire, John Jacob Astor, make his fortune?
start up
Charging infrastructure for commercial EVs
![energy company](https://images.yourstory.com/cs/2/a0bad530ce5d11e9a3fb4360e4b9139b/ImageTaggingSuman45-1683646504606.png?fm=png&auto=format&w=800)
The Energy Company co-founders Rahul Lamba, Prashant Rathee, and Pratik Somani believe that while the EV mobility space is gaining traction, batteries are the biggest limiting factor for people to adopt clean mobility. I noticed. In 2021, the three founded The Energy Company. It is a full-stack battery platform that provides a simple, fast and adaptive EV battery solution for B2B clients.
charging:
- The co-founders say their solution is as simple as charging a smartphone.
- The company is currently building a full-stack battery platform, Flexi for Mobility, to expand EV adoption.
- The company manufactures its own battery packs and plans to start commercializing them by August 2023.
MSMEs
Indian art in lifestyle products
![Suman Sontalia](https://images.yourstory.com/cs/21/cae08210a03311ec877fc18fc2a098f3/CopyofImageTaggingnoframesEditorialTeamMaster22-1683606056177.jpg?fm=png&auto=format&w=800)
Suman Sonthalia’s Aakriti Art fuses regional art to create functional products. We employ a variety of traditional and folk art forms to create distinctive designs and produce lifestyle products including furniture, handicrafts, home décor, utility items, jewelry and more.
Shop fusion:
- The brand’s portfolio includes 3,000 SKUs including dining tables, racks, cabinets, sofas, loungers, mirrors, lampshades, ceramics, earrings, necklaces and more.
- It showcases the fusion of regional arts from different states such as Warli (Maharashtra), Madhubani (Bihar), Dhokra and Pathachitra (West Bengal), Kalamkari (Andhra Pradesh), Mandana (Rajasthan) and Gond (Chatisgarh).
- Suman Sonthalia, founder of Aakriti Art, was awarded the President’s National Master Craftsman Award in 2011.
blockchain
What is the Canton Network?
![A Beginner's Guide to Blockchain Technology](https://images.yourstory.com/cs/121/98e25df018b511e988ceff9061f4e5e7/Image6k12-1671626890447.jpg?fm=png&auto=format)
A group of companies including Goldman Sachs, Microsoft, Deloitte and others are working together to launch a new blockchain-based system. Called the Canton Network, the system aims to link applications from different institutions while offering greater privacy and control than existing technologies.
Important points:
- A “network of networks” will allow systems previously siled in financial markets to interoperate with the appropriate governance, privacy, permissions and controls required in a highly regulated industry.
- Connect different applications using the Daml smart contract language developed by Digital Asset. The project aims to provide decentralized infrastructure for institutional investors while ensuring privacy.
- We will start testing some features in July.
news and updates
- bow: Microsoft’s LinkedIn plans to shut down its recruiting app in China, cutting about 716 jobs. LinkedIn plans to phase out its InCareer local recruiting app by August, citing fierce competition.
- Finally resolved: Goldman Sachs Group Inc. agreed to pay $215 million to settle a long-running class action lawsuit alleging widespread bias against women in both wages and promotions. Includes 2,800 female employees and vice presidents.
- Second Chance: On Tuesday, IBM announced WatsonX, an all-in-one artificial intelligence building tool for the enterprise. The announcement comes about 15 months after the company sold its Watson Health unit for an undisclosed sum after years of struggling profitability.
How did America’s first billionaire, John Jacob Astor, make his fortune?
answer: in the fur trade. He imported furs from Montreal to New York and shipped them to Europe.
I look forward to hearing from you. Please email us what you liked or disliked about our newsletter. [email protected].
If you haven’t received this newsletter in your inbox yet, sign up hereFor past editions of YourStory Buzz, Click here for Daily Capsule page.