Amazon 3x quarterly profit📈
Stride Ventures closes fund at $165 mn, PB Fintech To Acquire Stake In UAE-Based Insurance Broker, $250 mn funding in Innovaccer, Funding Deals and more.
Greetings, dear readers, as we gather once again to explore the corridors of wisdom and inspiration.
"Happiness can be found, even in the darkest of times, if one only remembers to turn on the light."
- J.K. Rowling
Today, we are guided by the luminous words of J.K. Rowling, reminding us of the resilience of the human spirit and the power of finding light amidst darkness.
Join us as we embark on a journey of hope and illumination.
Tech Updates
Stride Ventures closes third fund at $165 million
Venture debt firm Stride Ventures, which has backed startups such as Zepto, Rebel Foods, Sugar Cosmetics and Mensa Brands, has announced the final close of its third fund at $165 million.
Amazon triples quarterly profit as cloud biz surges
Ecommerce major Amazon reported robust numbers for the January-March quarter, riding on the growth in its cloud computing unit and new advertising money from its Prime Video streaming service.
PB Fintech Gets Board Approval To Acquire Stake In UAE-Based Insurance Broker
Insurtech major Policybazaar’s parent PB Fintech has received board approval to divest stakes in at least two subsidiaries and pick up shareholding in UAE-based insurance broker. It is pertinent to note that Genesis Group owns 49% stake in Dubai-based insurance broker Genesis Insurance Brokers. The strategic stake acquisition will enable PB Fintech to expand its local offerings in the UAE.
Kaiser Permanente may steer $250 million funding in SaaS unicorn Innovaccer
Software-as-a-service (SaaS) startup Innovaccer is in the middle of raising a $200-250 million funding round led by US health and insurance major Kaiser Permanente. The primary round of funding is likely to take place at a flat valuation of $3 billion.
Funding Deals
AI-SaaS company AiDash, which is working on climate-resilient and sustainable infrastructure, has announced the closing of its Series C funding round at $58.5 million. The round was led by global private equity platform Lightrock.
Fixed-income investment startup Dexif has raised $4 million in its first institutional funding round from early-stage venture fund RTP Global.
Jaipur Watch Company, a luxury watch microbrand, announced that it has secured Rs 1.6 crore in revenue-based financing from Klub.
🪶Short Story: The Beacon of Hope
In the heart of the city, amidst the bustling streets and towering skyscrapers, stood a solitary lighthouse.
Its beacon pierced through the darkness, offering guidance to lost souls navigating the turbulent seas of life.
Inspired by Rowling's words, Sarah realized that just as the lighthouse shines in the storm, so too can she find happiness by kindling the light within her own heart.
Tweet of the day🐥
As we navigate life's challenges, may we always remember the beacon of hope that resides within us.
Thank you for joining us on this enlightening journey.
Stay tuned for our next edition, where we will continue to illuminate the path to happiness and fulfillment.
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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