Allen acquires Doubtnut🤝🏻, Diwali Fuels 25% Surge in E-comm Sales🛍️
Allen acquires Doubtnut🤝🏻, Diwali Fuels 25% Surge in E-comm Sales🛍️
Mamaearth's Stake Shuffle, Paytm's ONDC Ambition, the Transformative Alchemy of Trials, Funding Deals and more.
Hello folks🙋🏻♂️,
Welcome to Rise & Shine, where we draw inspiration from the timeless wisdom of Seneca.
"A gem cannot be polished without friction, nor a man perfected without trials."
- Seneca
In the crucible of life, these words resonate as a profound truth, reminding us that challenges are the sculptor's tools shaping our resilience and character.
Join us as we explore the transformative power of trials, understanding that the potential for growth, strength, and ultimate perfection lies within the crucible of difficulties.
In this edition, let's embark on a journey of resilience and self-discovery, embracing the trials that mold us into the gems we are destined to become.
Tech Updates
Allen Career Institute acquires Peak XV-backed Doubtnut🤝🏻
Allen Career Institute on Monday announced the acquisition of doubt solving platform Doubtnut. This strategic move reflects Allen’s commitment to building technology-led learning solutions focused on improving students’ learning outcomes.
Ecomm channels see 25% growth in purchase volumes during Diwali🛒
E-commerce channels in India recorded 25% year-on-year (YoY) growth in purchase volumes this Diwali season, suggests data from digital payments firm Visa. In addition, credit card spending rose as well, Credit card spending rose 18% YoY.
Fireside Ventures to sell 1.9% stake in Mamaearth parent via block deal: Report📊
Venture capital fund Fireside Ventures Investment Fund plans to sell its partial stake in Mamaearth parent Honasa Consumer through block deals on Tuesday, according to reports.
Paytm eyes to bring 10 million merchants on ONDC platform in next two years: VSS🏆
Vijay Shekhar Sharma, CEO and founder of Paytm parent One97 Communications, Monday said the company is considering bringing 10 million merchants by 2025 on the government-backed Open Network for Digital Commerce platform, adding that the firm has seen close to 11.8 million customers routed to its product from the platform, news agency PTI reported.
Funding Deals
Construction goods and services platform Infra.Market has divested approximately 10% of its stake worth $20 million in RDC Concrete to investors led by Ashish Kacholia.
Cloud kitchen company Biryani By Kilo [BBK] has raised $9 million or Rs 72 crore in its Series C round led by Alpha Wave Ventures.
Scandalous Food has secured $191,923 (Rs 1.6 crore) in a pre-seed funding round from a host of investors including early-stage firms like Anthill Angel Fund, EvolveX, Value360 and Sapphireink Ventures.
💎 Short Story: The Alchemy of Challenges
In a small village nestled between mountains, there lived an old artisan known for crafting exquisite gemstones. One day, a young apprentice asked, "How do you turn rough stones into radiant gems?"
The wise artisan replied, "Just like a gem cannot be polished without friction, nor a man perfected without trials, the stones too need the alchemy of challenges." With that, he handed the apprentice a rough stone and guided him through the intricate polishing process.
Through each stroke, the apprentice faced challenges, refining his technique and building resilience. In time, the once rough stone transformed into a dazzling gem. The artisan smiled, "Remember, just as challenges shape the gem, trials shape the essence of a person, making them resilient, strong, and perfected in the art of life."
Tweet of the day🐥
As we conclude this edition, carry with you the wisdom of Seneca: "A gem cannot be polished without friction, nor a man perfected without trials."
Embrace the trials that come your way, for within them lies the alchemy of self-discovery and growth.
Thank you for being part of our community, where together, we navigate the crucible of challenges, emerging as the beautifully refined gems we are meant to be.
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!
Subscribe to R&S🌞