Jigyasa - The Quiz Club

  People, CRED is one of the most fascinating business case studies in the Indian start-up ecosystem. In just 2 years, CRED went from 0 to hitting a $2B valuation and became one of the youngest Indian startups to reach this milestone. Now, the peculiarity of CRED is that in 2020 alone CRED incurred a massive loss of 360 crores which is a massive increase of 492% from 2019. And for every rupee of revenue that CRED generated they spent 727 which is a massive cashburn. We all have seen the result of massive expenditure into creative marketing. *beating noises* So now the question is, even with such massive losses how is it that CRED is getting so much funding ? And what exactly is Kunal Shah's strategy ?  Well, the beauty of this case study is the that if you only understand what CRED is doing you will more or less understand a large chunk of the Indian startup ecosystem because most of the giant companies like Jio, Ola, PharmEasy also operate in a similar fashion. and the most i...

  In 1856, a scientist, named Eunice Foote, conducted an experiment. She filled one tube with regular air, and another with carbon dioxide, put thermometers in them, and placed them in the sun. And she noticed, the tube of carbon dioxide got a lot hotter, and stayed hot longer. She published her results noting that "an atmosphere of that gas would give to our earth a high temperature". Three years later, Edwin Drake struck oil in Western Pennsylvania. A hundred years after that first well, the American oil industry celebrated its centennial. And they invited the physicist Edward Teller, one of the inventors of the atomic bomb, to make a speech about the future of energy.  We probably have to look for additional fuel supplies, he told the crowd. Because the extra carbon emitted from burning fossil fuels causes a greenhouse effect. Which, he believed, would be sufficient to melt the ice cap and submerge New York. By 1965, scientists were confident enough to formally warn U.S. P...