Pristyn Care has exited Bangladesh due to civil unrest, despite earlier growth. Bitcoin prices have dropped below $80,000 amid economic pressures and market sentiment downturns. Climate activist Tamanna Sharma continues to innovate in the field of waste management through her initiatives, promoting sustainability practices.
Pristyn Care, the Indian healthcare startup, has officially ceased its operations in Bangladesh less than a year after its launch in the market. The termination of operations was primarily attributed to the civil unrest that began in July 2024, which created an untenable business environment. Initially, Pristyn Care had planned to invest Rs 100 crore to establish a strong presence in Bangladesh, but faced significant strategic and political obstacles that rendered the venture impractical. Despite this setback, the company reported impressive growth metrics, noting a 125% quarter-on-quarter growth and an elevenfold expansion since its first quarter. Pristyn Care joins other Indian healthcare firms that have also exited Bangladesh, including Narayana Health and the Fortis group.
In the cryptocurrency realm, Bitcoin prices have experienced a notable decline, falling below $80,000, a drop influenced by tariffs imposed by U.S. President Donald Trump. Following an earlier bullish trend that saw Bitcoin peak at $109,200, the market is currently in a consolidation phase, which is typical for asset markets after significant rallies. Industry experts, including Edul Patel of Mudrex, indicated that such consolidation allows assets to build momentum for future advancements.
Contributing factors to the current Bitcoin price decline include higher interest rates stirring sell-offs, inflation causing market uncertainty, and an increasing U.S. dollar putting downward pressure on risk assets. Balaji Srihari from CoinSwitch noted that the recent Bybit exchange hack could further erode investor confidence, adding to the selling pressure in the market. While short-term outlooks may seem bleak, long-term investors see these fluctuations as part of the natural crypto cycle of pullback and resilience.
In sustainability news, climate activist Tamanna Sharma began her journey in environmental conservation in 2011 and founded Earthling First in 2016 to implement waste management models for various organizations. Her initiative, the Jalori Project, aimed to enhance waste segregation practices at collection points. Sharma also established Sustained Labs to conduct experiments on sustainable practices and plans to introduce the Seed Bank initiative in Himachal Pradesh, focusing on creating a practical experience for volunteers in permaculture and sustainable methods.
In conclusion, Pristyn Care has exited the Bangladesh market due to civil unrest and strategic challenges, despite initial positive growth. The Bitcoin market is experiencing a downturn primarily influenced by economic factors and investor sentiment, while Sharma’s initiatives reflect progress in sustainability. These developments reflect the dynamic nature of business, finance, and environmental efforts in today’s context.
Original Source: yourstory.com
