Hearth and Blood, and Fundamentum’s Fund 2

August 20, 2022

Howdy Reader,

It’s time for Hearth and Blood to reign as soon as once more.

In case you’re lacking some dragons in your day, HBO is again with a prequel to the enduring “Sport of Thrones”.

This time, it is all in regards to the fiery Targaryens and their fascinating dragons. And, if early critiques are a sign, “Home of the Dragon” has a promising begin. No spoilers right here!

You are all invited to a screening occasion… at your personal residence, after all.

Made you learn twice, didn’t we?

However not for lengthy. Google is tweaking its search algorithms to sort out clickbait.

“We all know folks don’t discover the content material useful if it looks like it was designed to draw clicks quite than inform readers,” Google stated in a weblog put up.

Subsequent week, the corporate is launching a “useful content material replace” to sort out so-called search engine optimization spam, content material written explicitly to look excessive up on the outcomes pages of serps.

In different information, the picture of a “zombie” fungus-infected fly has been topped the general winner on this yr’s BMC Ecology and Evolution Picture Competitors.

That’s one thing to consider!

In immediately’s publication, we are going to discuss

  • Fundamentum’s Fund 2
  • Gender variety with Nidhi Bhasin
  • Extra work for SoftBank India head

Right here’s your trivia for immediately: Which firm owned the rights to the phrase “zombie”?


Funding

Fundamentum’s Fund

Fundamentum Partnership, the enterprise capital agency co-founded by Nandan Nilekani and Sanjeev Aggarwal, raised $227 million for its second fund because it appears to spend money on growth-stage startups.

The VC fund had raised $100 million in its first fund and adopted an funding technique on a concentrated portfolio.

An summary:

  • Fundamentum has unicorn startups similar to Pharmeasy and Spinny in its portfolio.
  • In its Fund 2, Fundamentum plans to guide or co-lead $25-40 million funding rounds and spend money on four-five startups annually, sometimes in Collection B or C levels.
  • The VC fund’s portfolio of firms from the primary fund has collectively raised over $1 billion in follow-on rounds.

High Offers of the Week

Startup: Sunstone Eduversity

Quantity: $35M

Spherical: Collection C

Startup: Shiprocket

Quantity: $32.6M

Spherical: Undisclosed

Startup: Exponent Power

Quantity: $13M

Spherical: Collection A


Management

Gender variety with Nidhi Bhasin

Nidhi Bhasin is the CEO of NASSCOM Basis, the social arm of the trade physique. Having been within the improvement sector for over 20 years, she has seen the evolution of the social area in India.

Within the first of our Ladies in Management sequence, we communicate with Nidhi on variety, inclusion and extra.

Breaking the glass ceiling:

  • A agency believer in ladies’s empowerment and progress, when the chance to guide NASSCOM’s social arm got here calling in Might 2021, Nidhi knew this was her probability to do extra.
  • From incapacity, training, and little one sexual abuse, to a undertaking at Tihar Jail to reform prisoners, her 20-year profession uncovered her to many social points.
  • On gender bias in organisations and the largely male-dominated tech trade, Nidhi says she has been to boards and platforms the place she has needed to make method.

Investor

Extra work for SoftBank India head

Picture credit score: Softbank Web site

Sumer Juneja, India head of SoftBank Imaginative and prescient Fund, will now have a further accountability. He may even look into investments of the personal fairness large within the Europe, Center East and Africa (EMEA) area.

Sumer joined SoftBank in December 2018 to determine its native presence in India. His elevation follows top-level administration adjustments on the agency.

What’s taking place:

  • Sumer is anticipated to shuttle between India and the UK to supervise the investments within the area.
  • SoftBank’s massive bets in Europe are on the fintech unicorn Klarna and fantasy soccer platform Sorare.
  • SoftBank has witnessed a administration churn on the high degree, with Rajeev Misra stepping down from this main position to run a brand new fund.

Information & updates

  • Focusing on inflation: Regardless of indicators of inflation having peaked in India, the outlook stays extremely unsure, and bringing the retail worth rise nearer to the goal of 4% is crucial to assist maintain financial development over the medium time period, members of the central financial institution’s financial coverage committee stated.
  • Frenzy crypto market: Bitcoin on Friday fell to its lowest degree in additional than three weeks, dropping under $22,000 amid a sudden crypto sell-off in early European buying and selling. Bitcoin plunged from $22,738 to under $21,500 at 9:40 a.m. ET, in response to CoinDesk information.
  • Spain’s Stonehenge: Following a brutal summer time in rural Spain, one surprising side-effect of the nation’s worst drought in many years has delighted archaeologists—the emergence of the Dolmen of Guadalperal however dubbed the Spanish Stonehenge, the circle of dozens of megalithic stones is believed to this point again to 5000 BC.

Which firm owned the rights to the phrase “zombie”?

Reply: Marvel Comics. With out an ongoing zombie sequence, Marvel misplaced the trademark for the phrase in 1996.


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