Hello, It was a good week for the Indian startup ecosystem. The third week of April saw the highest amount of venture capital (VC) funding flow into the Indian startup ecosystem so far this year. Total VC funding stood at $339 million cutting across 34 deals compared with $66 million raised across 15 deals a week ago. Meanwhile, Wipro, one of India's top IT services companies, continues to struggle as both its net profit and revenue declined for the fourth quarter of FY24, prompting the company to provide weak growth guidance for FY25. In other news, fintech firm CRED has received in-principle approval for a payment aggregator licence from RBI–a move that will help the Bengaluru-based startup launch new products, TechCrunch reports. Elsewhere, Telegram users can now start making stablecoin USDT payments to each other through the encrypted messaging service’s linked blockchain. ICYMI: Speaking of cryptocurrency, Bitcoin “halving” is here. The halving, which happens roughly every four years, was written into Bitcoin’s code at its inception by pseudonymous creator Satoshi Nakamoto as a way to reduce the rate at which Bitcoins are created. In today’s newsletter, we will talk about - Why pick Kasauli for solo travel?
- A personal touch to luxury items
- Empowering women leaders in politics
Here’s your trivia for today: Before being known as Adobe Photoshop, an early version of the software was called by what name?
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