Why Questbook is focusing on DAOs

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Daily Capsule | 12th May 2022

Hello Readers,

With blockchain technology now finding many use cases—supply chain management, healthcare, and even in government systems, among many others—the role of DAOs (decentralised autonomous organisations) has become far more critical. They are integral for managing blockchain protocols, as well as helping developers work on Web3 projects.

However, the grants rolled out to attract these developers to work on DAO projects often lack a standardised approach, leaving a gap for long-term incentives.

Co-founded by Abhilash Inumella, Subhash Karri, Sriharsha Karamchati, and Madhavan Malolan, Questbook aims to bridge the gap between the grant ecosystem and applicants.

Started in 2021 as an edtech platform for professionals, the team decided to build an on-chain grant orchestration tool to empower developers.

"I believe in Web3, as this medium enables us to build a composable, trustless, permissionless, and censorship resistant product. All the four things resonate well with the medium and we want our product to be accessible for everyone,” co-founder and CEO Madhavan tells The Decrypting Story.

Questbook is now a community of 20,000 developers and envisions to be the epicentre of innovation in Web3.

Read the full story here.

Here are other highlights of today's Daily Capsule:

The Interview: Before the Opening Bell with Delhivery
Editor’s Pick: Raaso
Startup Spotlight: Vidyuttech
The CapTable: Delhivery DRHP deep dive [free read]
News and updates and more…

The Interview

In conversation with Sandeep Barasia, CBO - Delhivery | Before the opening Bell

Logistics unicorn Delhivery raised Rs 2,347 crore from 64 anchor investors—a mix of marquee domestic and overseas investors on Tuesday—a day before its shares open for bidding on May 11 as part of its initial public offering (IPO) .

Watch more to find out what Sandeep Barasia, CBO, Delhivery, has to say about the logistics company’s next moves.

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Editor’s Pick: Raaso

For investment banker Sonia Shah, entrepreneurship had always been on the back of her mind. Recognising the lack of effective cleaning solutions in the market, she launched Raaso Cleaning Products Pvt. Ltd.

Raaso offers vinegar and baking soda powered cleaning products. By March 2022, the brand sold 35,000 bottles and recorded a total GMV (Gross Merchandise Value) of Rs 45 lakh for FY 2022. Read more.

Startup Spotlight

Bringing commercial EVs into the fold

While India is still warming up to EVs (electric vehicles), the commercial EV segment has remained largely lackadaisical due to a lack of financing options and resale visibility.

Enter Vidyuttech which offers interest-free financing for battery replacements, as well as loans for the purchase of the vehicles. It also enables second-hand EV sales by tying up with OEMs (original equipment manufacturers). Read more.

The CapTable

Ecommerce fuelled IPO-bound Delhivery’s run. What’s next?

As the online economy took off, Delhivery built India’s largest logistics network. Recent acquisitions have helped it diversify services beyond ecommerce, but the big question ahead of its market listing is whether it can create a software play with higher margins.

Continue Reading For Free

News & Updates

Logistics unicorn Delhivery's IPO was subscribed 0.21X on day one. The lacklustre demand is mostly attributable to bearish markets and the threat of a recession . The QIB (Qualified Institutional Buyer) portion of Delhivery's IPO was subscribed 0.29 times, which saw demand for 9.7 million shares while 33.9 million were reserved for the category.
Great Learning, an upskilling platform owned by BYJU’S, on Wednesday, said it has acquired Singapore-based Northwest Executive Education . This is Great Learning's second acquisition this year. It bought campus recruitment platform Superset in January 2022.
Coinbase CEO Brian Armstrong has clarified that the company disabled its trading service in India due to informal pressure from the Reserve Bank of India . It is now planning to opt for alternative payment gateways and intends to relaunch in India.
Despite pessimistic estimates from Wall Street analysts, US cryptocurrency exchange Coinbase reported lower than expected revenue and a 44 percent decline in trading volumes in Q1 compared to the previous quarter.
Ola Electric founder Bhavish Aggarwal admitted that while there may be more electric vehicle (EV) fires in the future, he believes, they would be rare incidents . The EV unicorn has been under the spotlight ever since one of its S1 Pro electric scooters caught fire in March. It was forced to recall 1,400 units last month and appointed an external expert to investigate the problem.

Startup Funding: Deals of the day

Startup

Amount

Round

GoKwik

$35 million

Series B

MoEVing

$5 million

Seed

Shopflo

$2.6 million

Seed

In Case You Missed It*

*A roundup of interesting stories from global media organisations; YourStory has not verified this content and does not vouch for its accuracy

Bitcoin price fell below the $30,000 mark on Wednesday for the second time this week, after new data showed inflation is still running near 40-year highs. Bitcoin is little changed at $31,293.05, according to Coin Metrics , but earlier in the day it dropped as low as $29,026.66, its weakest point since December 2020.
The dollar held close to a two-decade high on Wednesday as investors waited for the latest US inflation data to assess how aggressively the Federal Reserve will have to tighten monetary policy to keep rising prices in check.
Russian gas flows to Europe via Ukraine fell by a quarter on Wednesday after Kyiv halted the use of a major transit route blaming interference by occupying Russian forces , the first time exports via Ukraine have been disrupted since the invasion.

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Brand Spotlight

“Programmatic DOOH will be the only way to transact in DOOH as more and more stakeholders choose this medium,” predicts Gulab Patil, Founder and CEO of Lemma, a pioneer in the programmatic DOOH space globally. Read how it is converting passive viewers to active engagers with the largest digital OOH platform.

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Before you go, stay inspired with...

— Priyanka Kheruka, Brand Head, Borosil

“Profits and revenues are secondary to integrity—integrity towards the company, the customer, and every stakeholder.”

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