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When the Pet Shop Boys sang, “Let’s make lots of money,” they may not have been talking about entrepreneurship, but there’s definitely a lot of dough in the Indian startup ecosystem. 
Nykaa‘s Falguni Nayar became the richest self-made Indian woman after the successful listing of her ecommerce company last year, according to IIFL Wealth Hurun India Rich List 2022. 
Physics Wallah‘s co-founders Alakh Pandey and Prateek Boob, and Zepto‘s co-founder Kaivalya Vohra, also entered the coveted list. In fact, Kaivalya is the youngest entrant on the list. 
In other news, the Reserve Bank of India (RBI) will conduct an overnight variable rate repo auction under the liquidity adjustment facility (LAF) for an amount of Rs 50,000 crore. 
The US Fed is also expected to fire off another three-quarter point rate hike—its third in a row. 
So, no one told you life was gonna be this way? 
Twenty-eight years ago today, one of the most watched sitcoms, Friends, aired its first episode. Ever since, the show’s much-beloved characters have got us hooked to the show — often imparting important life lessons. 
ICYMI: ‘Phantom of the Opera,’ Broadway’s longest-running musical, will close in 2023. 
In today’s newsletter, we will talk about 
Here’s your trivia for today: Which stock will replace Shree Cement in the Nifty 50?
Get your wallets out. It’s time for festive sales, and we’ve more choices than ever before. 
Ecommerce marketplaces give a major boost to emerging businesses, but homegrown brands are now opting to strengthen their presence online and solidify their D2C channels. This year may just be the beginning.
Festivals = festive sales:
The Indian Venture and Alternate Capital Association (IVCA) has announced a VC Council for 2022-24, led by Rajan Anandan, Managing Director, Sequoia India and Southeast Asia and Surge. 
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The eight members constituting the new VC Council include Manish Khetarpal (WaterBridge Ventures), Priyanka Chopra (Bharat Innovation Fund), Ruchi Khajanchi (A91 Partners), Sehraj Singh (Prosus Ventures), Anil Joshi (Unicorn India Ventures), and Sameer Brij Verma (Nexus Venture Partners).
Key takeaways:
Mimblu- Founder
India has 0.75 psychiatrists for every 100,000 people, underlining the need for expanding access to mental healthcare in the country.
Mimblu offers asynchronous text-based therapy on its app from certified therapists. It enables users to consult mental healthcare therapists through either chat by sharing voice notes or via video calls.
Access to therapy:
Which stock will replace Shree Cement in the Nifty 50?
Answer: Adani Enterprises
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