The Weekly Hive

NECTAR

We asked Soma Deb , our VP (Human Resources) to reflect on company culture and beyond for Startups! Here's what she had to say.

What do you feel have been the biggest changes and challenges in professional environments? Are you expecting positive changes?

• In hindsight, there have been numerous changes and challenges in 2022. It was indeed a year of migration for many. As a startup, our primary focus was to ease the transition of our employees from the work-from-home phase to workspaces, while ensuring a positive work culture.
• As for 2023, we expect to see positive changes and a smoother workflow, despite the current temporary funding winter. Technology will seemingly play a much more significant role in our industry. As workplaces are gradually seeing an increase in the adoption of AI and automated tools, we are moving towards better optimized and?synchronized workflows.

What are some work culture changes you look forward to being implemented across organizations?

• Making actionable plans with a core focus on employee mental well-being should become a mandate within organizations as this will reflect positively by enhancing both employee happiness and productivity.
• Since the onset of the pandemic, I'm confident that most organizations are well prepared for unexpected scenarios. Ensuring work-life balance and employee well-being can help us create an environment to empower the workforce, maintaining a fair balance between employee retention and resignation.

What makes a company employee friendly? Could you share some tips for budding startups to improve employee retention and have a healthy work culture?

• After the pandemic, one of the primary factors that make a company employee friendly is a positive work culture, which in turn elevates the well-being of employees.
• Tips to improve employee retention - Hire the right talent in terms of skillset and culture, have a healthy work-life balance, reward their significant efforts and recognize the value they are adding, and provide adequate training and development to tap into their unexplored potential.

Over the years, you've hired and worked with Gen X, Millenials, and Gen Z. Would you like to share some interesting insights?

• Gen X has always been a set of adaptable team players who improvise well under pressure and value a pleasant informal environment. They tend to have a “Work Hard, Play Hard” mentality and highly regard work-life balance.
• Millennials in general love to play to their strengths. Currently, they form the backbones of most organizations.
• Gen Z, the future leaders. They tend to seek challenging positions where they can learn new things every day. How we groom them as professionals will reflect in the immediate future.

THE BUZZ

Stock-broking giant ZERODHA reports ? 2,094 crores in profits

Zerodha has reported a massive 86% increase in profit to ?2,094 crores. This is against the revenue of ?4,964 crores in the previous financial year. The company makes money from brokerage fees, the sale of premium offerings, user onboarding collections, and exchange transaction charges collected from clients on behalf of various securities exchanges.

Founded in 2010 by Nithin Kamath and Nikhil Kamath , the company's headquarters is in Bangalore and has a presence across nine Indian cities. It is also an official member of NSE's consultative committee to grow business.

Story Courtesy: Indian Startup News

Wakefit raises $40M in Series D?

Bengaluru-based online D2C brand Wakefit has raised $40 million in Series D funding. The investment round was led by Investcorp , with participation from existing investors, Sequoia Capital India, Verlinvest , and SIG.

Founded by Ankit Garg and Chaitanya Ramalingegowda , Wakefit provides premium sleep and home solutions. Currently, the startup also hosts a range of home improvement products and furniture.

The company, which reported a loss of ?102 crores in FY22, aims to become profitable by the fiscal year 2024 and is eyeing a revenue of ?1,200 crores in the next two years.

Story Courtesy: Indian Startup News

BUMBLEBEE

We celebrated the first weekend of 2023! ??

We successfully launched 'Unplugged by BHIVE' on 6th Jan, at our Unicorn Garden, in the presence of an audience of almost 250 members. Every single one of them spent a joyful winter evening with us, enjoying the live acoustic music and exploring the food on offer at the trucks/stalls from multiple homegrown brands.

While our vision has always been to provide a fun, unique coworking community experience to our members, it was surreal to see them jamming with the talented young artists at the first edition of Unplugged.

Indeed a wholesome evening spent at BHIVE Workspace HSR Campus.?

Artists featured in the first edition: Vandita Narayan and Shubham Gautam

HIVE's FIVE

OFFER FOR THE WEEK

You stand a chance to win prizes worth over ?2 CRORES! Check out how!

BLOGOSPHERE

WORKAPELLA

ROYAL JELLY

Consuming honey is a natural way to get an energy boost. It is a mixture of simple sugars glucose and fructose. Studies have shown that this works best in preventing fatigue and enhancing athletes' performance. Now you know why we include those cute honey bottles in our goodie bags!

COMPOUND EYES

1899?is a?German?period?mystery sci-fi series created by?Jantje Friese?and?Baran bo Odar (The creators of Dark). It premiered on? Netflix ?and has widely received critical acclaim since. The series stands out for the sheer brilliance maintained and balanced across its departments like the writing, casting, directing, cinematography, and acting.

Set in 1899, the series follows a group of emigrants?traveling from?Southampton, UK on a?steamship?named?Kerberos?to start new lives in?New York City, US. The signs of the creators are imprinted into the show with twists and turns that are highly unpredictable and take you on a rollercoaster ride, throughout the eight episodes.

Do let us know what you thought about this show!

Where to watch? Netflix

Being subscribed to THE WEEKLY HIVE lets LinkedIn notify you of our next edition!