🚵 Indian women motorcyclists on full throttle

byCOVID-19 -
 
03 DECEMBER 2022View in Browser
 
 
 

Hello,

 

It seems like Paytm is finally catching a break.

 

One97 Communications, parent company of the fintech giant, saw its shares ending the day ~8% higher after the management highlighted the “large” growth opportunities for its payments business in India. 

 

At its analyst meeting yesterday, the company said it was focused on increasing efficiencies, hitting EBITDA breakeven by September 2023, and growing its lending business via Paytm Postpaid and credit cards. As a result, some brokerages are now rating the company’s stock as “buy”.

 

Meanwhile, the National Payments Corporation of India (NPCI) has extended its deadline on imposing a market cap of 30% on the volume of UPI transactions by third-party providers by another two years. 

 

Lastly, here’s some good news to start your weekend with… The four-day work week works! 


And there’s data to back it up.

 

In today’s newsletter, we will talk about 

  1. Indian women motorcyclists on full throttle
  2. More digital lending rules from RBI?
  3. Say hello to a new virtual model


Here’s your trivia for today: Which village in the Netherlands has no roads?

 
 

Travel

 

Indian women motorcyclists on full throttle

 
 

Ten years ago, the biking scene for women solo motorcyclists was non-existent. Today, Indian women are increasingly embracing the moto culture. YS Life spoke to a few pioneers in this field.

 

The long road:

  1. Sameera Dahiya has covered 16,300 kilometres, with 28 states and its capitals, six Union Territories, and 100-plus major cities, in just 24 days and 9 hours.
  2. Candida Louis has completed a solo bike journey from Bengaluru to Sydney and, recently, did a four-month ride across Europe.
  3. Organisations dedicated to women bikers include Bikernis, Lady Riders of India, Hop On Gurls, and WIMA (Women’s India Motorcycle Association).
 
Read More
 
 
 

Funding Alert

 

1) KreditBee: $80M| Series D

 

2) Blox $12M Series A

 
 
 

Fintech

 

More digital lending rules from RBI?

 
 

The Reserve Bank of India’s (RBI) guidelines around digital lending, which kicked in earlier this week, have upended the fintech sector, forcing those dealing with credit to re-evaluate, or even materially alter their operations, to be in compliance with the law of the land.

 

The central bank isn’t done yet as, according to a YourStory source, more regulations are in the pipeline. 

 

Reading the fine print:

  1. RBI could announce new rules on the underwriting front, mainly to regulate the way some Buy Now, Pay Later (BNPL) startups currently issue loans.
  2. Sources say that the follow-up notification could also provide clarity on the specific language RBI wants startups to use in their communication with users, so users know what they’re signing up for and how their data will be used.
  3. Following the rules that came into effect on December 1, companies like Uni Cards, Slice, and PostPe—all of which were extending loans via—had to abandon their 1/3rd pay-later business models and pivot to an essentially credit card-like format.
 
Read More
 
 
 

Social Media

 

Say hello to a new virtual model

 
 

TopSocial India, the agency behind the launch of India's first virtual influencer model Kyra, has rolled out a new model Sravya to focus on the South Indian market.

 

Hello, world:

  1. Sravya will have a polyglot persona and be able to converse with her audiences in several languages, including Telugu, Tamil, Malayalam, and Kannada. 
  2. She will play the role of Kyra's manager and is set to have her own Instagram page. TopSocial released Kyra earlier this year. 
  3. Himanshu Goel, Business Head of TopSocial India, says the company plans to release five more virtual influencer models.
 
Read More
 
 
 

News & Updates

 
  1. Off course: The Chinese Grand Prix will not take place in 2023 given the “ongoing difficulties stemming from Covid-19 situation”. Formula 1 is assessing alternative options to replace the slot on the calendar and will provide an update in due course.
  2. Hefty buildup: The world's poorest countries now owe $62 billion in annual debt service to official bilateral creditors, an increase of 35% over the past year, World Bank President David Malpass said on Thursday, warning that the growing burden is increasing the risk of defaults.
  3. On payroll: The US economy added more jobs than expected in November in a sign that demand for new workers remains strong despite the Federal Reserve’s efforts to cool the economy. Non-farm payrolls rose by 263,000 last month, compared with an expected 200,000.
 
 
 
 

Here's what else we have for you

 

 

Brands of New India’s "500 Challenger Brands"

In association with Yourstory and Shiprocket

 

Launched with an aim to discover, showcase, and amplify high-potential emerging D2C brands, Brands of New India’s "500 Challenger Brands" initiative is all set to release its final cohort of 100 Challenger brands.

 
Do apply at the earliest to be eligible to be featured in the last cohort as one of the country's 100 high-potential D2C brands that have the capability to revolutionize India’s D2C space.
 
Apply Here
 
 
 
 

ML Elevate brings to you latest innovations

In association with AWS

 

If you are a tech, product, innovation, strategy leader and interested in meeting founders of top AI/ML startups that are solving key industry challenges across multiple AI/ML technologies, register and engage in deep dive tech and product discussions at the AWS ML Elevate 2022 Customer Demo Day.

 

 
Register Now
 
 
 

SaaS Central 2022: The secret sauce for SaaS startups to accelerate their growth journey

In association with  Prime Venture Partners and Amazon Internet Services

 

The third edition of SaaS Central, a two-week hybrid programme by Prime Venture Partners and Amazon Internet Services, in association with YourStory, witnessed focused sessions by SaaS founders on company-specific use cases. Check out the highlights from SaaS Central 2022.

 
Click Here
 
 
 

How Oncophenomics aims to improve cancer treatment outcomes with their comprehensive genomic profiling liquid biopsy test

In association with PayPal

 

The Oncophenomics team is on a mission to create awareness, about both the need for routine cancer genomic testing as well as the adoption of newer cancer treatment options like targeted therapies and immunotherapies. Read on to learn more about this personalized medicine startup and its vision to transform the cancer treatment landscape globally.
 
Know more
 
 
 
 

Did you know?

 

Which village in the Netherlands has no roads?

Answer: Giethoorn, which is made up of underground paths and canals.

 
 
 
 

We would love to hear from you! To let us know what you liked and disliked about our newsletter, please mail editorial@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 .

 
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