Honasa IPO 🤐, Govt Investigates 🕵️, WhatsApp Safeguards 🗝

Catch up on the latest in 🇮🇳 Indian 🇮🇳 startups and tech landscape - all in 5 minutes. [Newsletter Banner] Daily 🇮🇳 IndiaTech 🇮🇳 Roundup Welcome to today's edition of the NextBigWhat Daily IndiaTech News! Today's top stories include Honasa Consumer's lukewarm IPO response, Indian government investigations into state-sponsored attacks, and WhatsApp's new feature. 🔎💻📱 Help us reach your your friends and colleagues! Share the NextBigWhat newsletter. [Tweet it]( [Whatsapp]( Honasa Consumer’s IPO sees lukewarm response on first day 🇮🇳 IndiaTech - Honasa Consumer, parent company of Mamaearth, received a tepid response from investors on the first day of its IPO bidding process. - The company aims to raise Rs 1,701 crore through the IPO, with a share price band of Rs 308-324. - Despite the slow start, some investors remain positive due to the growing demand for beauty and personal care products. Indian government investigates ‘state-sponsored attack’ alerts on Apple devices 🇮🇳 IndiaTech - Union Minister Ashwini Vaishnaw announced the government’s concern and investigation into ‘state-sponsored attack’ alerts received by opposition members on their Apple phones. - Apple has issued similar advisories in 150 countries, but the information provided is often vague and non-specific, with potential for false alarms. - Despite concerns, Apple maintains that Apple IDs are securely encrypted on devices, making unauthorized access extremely difficult. OpenAI’s CEO and CTO on AI: Enhanced Creativity, Safety Considerations, and Societal Implications [NBW Newsletter Ad]( We’re big believers that you give people better tools and they do things that astonish you. – Sam Altman Save time. Get #BigIdeas from long-form videos in 5 mins [Read 🚀]( WhatsApp introduces feature to safeguard users’ IP addresses during calls 🇮🇳 IndiaTech - WhatsApp is testing a new feature to protect users’ IP addresses during voice and video calls, enhancing security and privacy. - The feature, currently available to some beta testers, routes calls through the platform’s servers and maintains end-to-end encryption. - Another feature being rolled out allows channel owners to filter reactions for updates, aiding in content refinement for better engagement. Apple alerts Indian politicians and journalists of potential state-sponsored iPhone attacks 🇮🇳 IndiaTech - Apple has warned several Indian politicians, party members, and journalists about potential state-sponsored attacks on their iPhones. - The warning comes amidst accusations of the Indian government deploying Pegasus spyware on activists. - Apple has advised users to activate Lockdown mode, a security measure designed to protect against state-sponsored spyware intrusions. Get NBW News: The short news app for busy professionals. [App Store]( [Google Play]( Nikhil Kamath invests in finfluencer Sharan Hegde’s startup, The 1% Club 🇮🇳 IndiaTech - Zerodha’s CIO Nikhil Kamath has invested in ‘The 1% Club’, a startup by finfluencer Sharan Hegde and Raghav Gupta, securing Rs 10 crore in pre-series A funding from Gruhas. - The 1% Club is a members-only platform offering educational resources, mentorship, and entrepreneurial opportunities for financial planning, and is seeking registration with SEBI. - The funds from Gruhas will be used to expand operations and attract talent, positioning the startup at the forefront of the evolving fintech innovation space. Ola, Uber, Porter worst digital platforms for Indian gig workers: Flipkart, Big Basket are better [Report] 🇮🇳 IndiaTech According to the ‘Fairwork India 2023’ report, Ola, Uber, and Porter rank at the bottom for gig workers in India, with Ola and Porter scoring a dismal 0 out of 10 and Uber and Dunzo managing only one point. In contrast, BigBasket, Flipkart, and Urban Company stand out as the only three digital platforms in India implementing a minimum wage policy. Mukesh Ambani targeted with third extortion email demanding ₹400 crore 📈 India Business - Reliance Industries Chairman Mukesh Ambani received a third threat email in four days demanding ₹400 crore. - The previous emails demanded ₹20 crore and ₹200 crore respectively, with an FIR registered after the first email. - Mumbai police, crime branch, and cyber teams are investigating to identify the sender, following a similar threat incident last year. NSE CEO reveals 17% of Indian households are investing in stock markets 📈 India Business - The number of unique investors in the Indian stock market is increasing due to the rise of mobile phones and trading apps, according to Ashishkumar Chauhan, CEO of the National Stock Exchange (NSE). - Currently, there are 80 million unique investors, which equates to 50 million unique households or 17% of all Indian households. - This trend is significant as policy makers aim to channel household savings into formal financial investments rather than physical assets like gold and real estate. Honasa Consumer raises Rs 765 cr from anchor investors before IPO 🇮🇳 IndiaTech - Honasa Consumer, the parent company of Mamaearth, has raised Rs 765.2 crore from anchor investors ahead of its IPO. - Foreign portfolio investors received 54.7% of the anchor allocation, with the rest going to domestic investors. - The company has also allocated shares worth Rs 253.61 crore to domestic mutual funds and 23,617,228 equity shares to 49 anchor investors. Apple India’s revenue and profit surge by 48% and 77% respectively in FY’23 🇮🇳 IndiaTech - Apple India’s revenue increased by 48% to ₹49,322 crore in FY’23, up from ₹33,381 crore in FY’22. - The company’s profit also saw a significant rise, up 77% to ₹2,230 crore in FY’23 from ₹1,263 crore in FY’22. - Total expenses for the fiscal year were reported as ₹46,444 crore, compared to ₹31,693 crore in FY’22. © 2023 Zakti Techmedia Pvt. Ltd. All rights reserved. | [Unsubscribe](