ACKO🤝🏻 PhonePe, SoftBank's Zomato Move📊
ACKO🤝🏻 PhonePe, SoftBank's Zomato Move📊
Indian AI Startups Embrace LLM, Fintech's Credit Challenge, Life Wisdom, Funding Deals and more.
Hello folks🙋🏻♂️,
Welcome to Rise & Shine, where we glean wisdom from the profound teachings of Lao Tzu.
"If you correct your mind, the rest of your life will fall into place."
— Lao Tzu
In the intricate tapestry of existence, these words serve as a guiding principle, inviting us to embark on a journey of self-correction and inner transformation.
Join us as we explore the transformative power of aligning our minds with positive thoughts and perspectives, understanding that the state of our minds shapes the contours of our lives.
In this edition, let's delve into the art of mental correction, unlocking the potential for a harmonious and fulfilling life.
Tech Updates
ACKO General Insurance partners with PhonePe to offer car, bike policies🤝🏻
ACKO General Insurance has joined forces with PhonePe to offer comprehensive car and bike insurance products directly to consumers on the PhonePe platform. The collaboration will see ACKO extending its product offerings to include health insurance and other lines in the future.
Softbank likely to sell 1.1% stake in Zomato worth ₹1,125 crore📊
SoftBank, the Japanese conglomerate, is looking to divest a stake valued at ₹1,125.5 million in the food delivery company Zomato through a block deal, according to a report by CNBC-TV18.
Indian AI startups hop on to LLM bandwagon🤖
Indian startups are looking into building large language models (LLMs) to boost generative AI in Indian languages with launches lined up in the coming months, but experts said it may take three to five years for India to have its own ChatGPT equivalent.
Unsecured loans in focus, fintechs see NBFC credit taps drying up🪙
With the Reserve Bank of India (RBI) asking banks to increase their risk weightage on unsecured lending, many large non-banking lenders are freezing small-ticket personal credit lines.
Funding Deals
Generative AI startup Sarvam AI has announced that it is raising $41 million in a Series A round led by Lightspeed and with participation from Peak XV Partners and Khosla Ventures.
Scimplifi, a platform for all sourcing and manufacturing of specialty chemicals, has raised $3.67 million in its seed round from 3one4 Capital and BEENEXT.
Water management startup DigitalPaani has raised $1.2 million in its seed round led by Enzia Ventures, Peer Cheque, SAE, DevC, and Bharat Founders Fund.
Healthcare logistics platform AllTrak has raised Rs 4.2 crore in a pre-series A round led by Inflection Point Ventures.
Indian startup MetaShop received a substantial package of $100,000 in funding, mentorship, and Google product support as part of Google’s Women Founders Fund.
Chainrisk, an economic risk management software for Web3, has raised an undisclosed pre-seed funding round led by Antler in India.
😠 Short Story: The Canvas of the Mind
In a quiet village, there lived an artist known for creating breathtaking paintings. One day, a curious visitor asked, "What's the secret to your artistic brilliance?"
The artist led the visitor to a small studio and pointed to an empty canvas. "The mind is like this canvas," he explained. "When the thoughts and emotions are in harmony, a beautiful masterpiece is created. But when the mind is cluttered with negativity, the canvas remains blank."
Inspired, the visitor realized the power of mental correction. Just as an artist refines their strokes to create a masterpiece, aligning the mind with positivity can shape a life of beauty and fulfillment.
Tweet of the day🐥
As we bid farewell to this edition, carry with you the transformative wisdom of Lao Tzu: "If you correct your mind, the rest of your life will fall into place."
Embrace the journey of mental alignment, for within the corridors of your mind lies the key to a harmonious and fulfilling life.
Thank you for being part of our community, where together, we explore the art of self-correction, unlocking the potential for a life well-lived.
Feel free to share it with someone who could use a little inspiration. Let's pass on the good vibes and make someone's day!
Thanks for reading till the end!
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