🤳🏽 Inside the business of content creation

Start Your Day with YS Buzz: Your 8 AM Snapshot of Today's Top Startup News!

27 March 2024 View in Browser

Hello,   Mumbai is now Asia’s billionaire capital.   For the first time, India’s financial capital leads Asia on the Global Rich List published by Hurun Research Institute. The city is now home to 93 billionaires.   Delhi also broke into the coveted list of top 10 cities, which is led by New York and London.   Meanwhile, India is doubling down on advertising guidelines.   The Central Consumer Protection Authority has requested that the Advertising Standard Council of India pass on to its authority any ads that are non-compliant with its code and potentially violate the Consumer Protection Act, 2019.   Elsewhere, the lending sector is raising big bucks.   NBFC Avanse Financial Services Ltd has raised Rs 1,000 crore led by Mubadala Investment Company and Avendus PE to provide affordable education financing for Indian students. Also, non-bank lender Ambit Finvest has raised Rs 690 crore from a Japanese securities group and other existing investors.   Oh, and Saudi Arabia is all set to participate in the Miss Universe event for the first time.   Meet 27-year-old influencer Rumy Alqahtani who will be representing the Kingdom.   In today’s newsletter, we will talk about  What it means to be a content creator Cashing in on the ‘trash’ opportunity   Here’s your trivia for today: Derived from the Tamil word ‘kattumaram’, which type of vessel has a twin hull and was used by the early Austronesian people for seafaring?

TechSparks What it means to be a content creator In the content creation space, one must constantly reinvent themselves to stay relevant, sustain audience interest, and set themselves apart from the rest, concurred content creators RJ Princy Parikh, Anshuman Sharma, Ayush Shukla, and Rohit Shroff at TechSparks in Mumbai.    Reinventing content: “I took the risk of stopping the thing which made me popular, and the audience demanded, to give them something I wanted to make. And then eventually they also started liking that,” said Parikh. Anshuman Sharma, who creates content related to personal finance and financial literacy, said the audience likes to listen to someone who leads a life that’s similar to theirs. Rohit Shroff, Founder and CEO of adtech platform Aflog, which helps brands connect with content creators, said it is important that content creators do not fold when the times are tough.  Read More

Funding Alert   1) Subko: $10M|Equity 2) Aeria: $1.8M|Pre-seed 3) JustDeliveries: $1M|Pre-Series A

In-depth ICYMI: Cashing in on the ‘trash’ opportunity In India, waste is more than a problem—it’s a billion-dollar opportunity. But behind the scenes, startups face a different challenge.   The country currently generates around 62 million tonnes of waste overall, of which only 30% of the recyclable waste is recycled, a Mordor Intelligence report says, and a majority of it is done by unorganised factions that almost operate as monopolies with little tolerance for intrusion from others.   Woes: Despite being a major contributor to India’s pollution woes, the waste management sector raised merely $12 million in 2023 across four deals, as per YourStory data. The climate tech sector, overall, raised $1.2 billion. At the bottom of the hierarchy are scrap dealers who employ waste pickers. There’s usually an understanding between the scrap dealers and the private contractors to protect each other’s interests so they can monopolise business in the area. A handful of startups YourStory spoke to did report receiving support from local civic bodies and administrative officers, especially, if they could demonstrate strong tech-led solutions. Read More

From the CapTable India’s coal conundrum: Do energy needs trump environmental concerns? In 2022, as the gears of India’s economy slowly creaked back into motion after a pandemic-induced two-year lull, India’s power generation struggled to keep up with the pent-up demand. Indeed, despite India’s power generation growing at its highest rate in three decades in the year ended March 2023 (FY23), the country experienced its highest peak power demand deficit in eight years.   India’s appetite for energy has only risen since. India’s peak demand jumped 12.6% to 243.3 GW in September last year from 215.9 GW in April 2022. Power demand itself has grown at a compounded annual growth rate (CAGR) of 8.9% between FY21 and FY23.   The government was forced to sit up and take notice. Late last year, it announced plans to add 80 gigawatts (GW) of thermal power capacity—27 GW of which are already under construction—by 2031-32. This push for more thermal power will see India add more annual coal power generation capacity in 2024—13.9 GW—than in any of the last six years, as per reports.   While this will go a long way towards satiating India’s appetite for energy, the decision to double down on conventional power capacity addition coincides with a drastic drop in the costs of renewable energy and battery storage prices.   Key Takeaways: The Indian government plans to add around 80 GW of coal-based power capacity by 2031-32 to meet the country’s surging demand for electricity This is a marked change in tact, with the past decade marked by a greater emphasis on expanding the country’s renewables capacity Experts question the viability of new coal plants, especially against the backdrop of falling renewable energy costs and a steep decline in battery storage prices While renewables become more competitive, inconsistency and nascent energy storage infra remain key bottlenecks to replacing coal as India’s primary energy source Continue Reading

News & Updates Tech layoffs: Dell Technologies reduced its workforce as part of a broader initiative to cut costs that included limiting external hiring and employee reorganisation, it said in a filing. As of February 2, 2024, it had nearly 120,000 employees, down from about 126,000 a year earlier. Cooling down: Chinese electric vehicle giant BYD reported an 18.6% rise in fourth-quarter profit, its slowest since the first quarter of 2022, as EV sales lost momentum in the world's biggest auto market amid a brutal price war. Net profit totalled 8.67 billion yuan ($1.20 billion) last quarter, with revenue up 15.1% at 180.04 billion yuan ($25 billion). Peak wealth: Former US President Donald Trump’s net worth jumped to $6.4 billion after the merger between Digital World Acquisition Corp and Trump Media & Technology Group Corp was officially finalised, according to Bloomberg. For the first time ever, Trump will be listed on the Bloomberg Billionaires Index of the world’s wealthiest 500 people.

Here's what else we have for you   Collaboration is key: Industry experts discuss reimagining education with AI In association with AWS | AMD   Ready to unlock the potential of AI in education? Don't miss out on our latest article featuring insights from Giridhar L V (Nuvepro Technologies) and Hemant Sahal (Digii) at the AWS Bharat Innovators Series. Explore the transformative impact of AI on education and how it's driving collaborative innovation for future-ready skills. Know More

Revolutionising data orchestration and unravelling challenges with Blockfenders In association with NetApp Excellerator   Blockfenders empowers organisations with faster time to insights while unlocking business and operational data, and eliminating data silos. Know More

Did you know?   Derived from the Tamil word ‘kattumaram’, which type of vessel has a twin hull and was used by the early Austronesian people for seafaring?   Answer: Catamaran.

We would love to hear from you! To let us know what you liked and disliked about our newsletter, please mail nslfeedback@yourstory.com.  If you don’t already get this newsletter in your inbox, sign up here. For past editions of the YourStory Buzz, you can check our Daily Capsule page here.

Feedback Unsubscribe Newsletters