Amazon Boosts India Marketplace with Rs 830 Cr🛒
Zomato Expands Onboarding Efforts, AI's Global Impact, Reliance's Paan Pasand's parent Acquisition, and Funding Buzz.
Hello Learners and Imperfect Achievers!
"Make mistakes, just don't make them permanent."
- James Clear
Envision a journey where mistakes aren't roadblocks but stepping stones toward growth.
Join us as we explore the transformative philosophy that while errors are inevitable, their permanence lies within our control.
Get ready to embrace the resilience that turns setbacks into opportunities for improvement.
Amazon infuses Rs 830 crore in its India marketplace entity
Amazon Seller Services, the entity that runs the Amazon marketplace in India, said its US parent infused Rs 830 crore into the company. Amazon Seller Services saw revenue grow 3.4% to Rs 22,198 crore in the financial year ended March 31, 2023, while its loss widened by 33% to Rs 4,854 crore.
Zomato steps up restaurant onboarding amid macro headwinds
Populating its platform with more restaurants appears to be the key to growth for food-delivery platform Zomato, in a market buffeted by macroeconomic headwinds for consumer demand. As of December 31, it had 254,000 restaurant partners on its platform, compared to 238,000 on September 30.
AI will not only solve challenges for India but also for the world: Satya Nadella
India is poised to gain massively from artificial intelligence (AI), which could solve the country's unique structural challenges, according to Satya Nadella. He called AI the new “factor of productivity” and said it would aid India’s goal of becoming a $ 5 trillion economy.
Reliance Consumer to acquire Paan Pasand's parent firm Ravalgaon Sugar Farm in ₹27 crore deal
Reliance Consumer will acquire Ravalgaon Sugar confectionery's brands, including Coffee Break and Paan Pasand, in a ₹27 crore deal. Ravalgaon Sugar Farm, which owns brands such as Mango Mood, Coffee Break, Tutty Fruity, Paan Pasand, Choco Cream, and Supreme, has sold its trademarks, recipes, and all intellectual property rights to Reliance Consumer Products Ltd (RCPL).
Producer of clean energy transition materials through battery recycling and repurposing, Lohum Cleantech has raised $23 million in its Series B1 round led by Baring Private Equity Partners.
Student accommodation platform Amber has raised $21 million in its first round of institutional funding, led by Mumbai-based private equity firm Gaja Capital. The round comprises $18.5 million in fresh equity and the remaining venture debt from Lighthouse Canton and Stride Ventures.
Y Combinator-backed AI startup Crux has raised $2.6 million in seed round led by Emergent Ventures, with participation from Y Combinator and Neon Fund. The round also saw participation from First Cheque and other investors.
Edtech startup ConveGenius has raised $1.8 million more in its ongoing Series A round led by Searce Inc. along with its announcement of a strategic partnership with it.
🏆 Short Story: The Canvas of Growth
In a vibrant community, a learner named Mia lived by James Clear's wisdom.
Mia, embracing mistakes as part of the learning process, inspired the community to view setbacks as springboards to success.
Inspired by Mia's growth mindset, the community began to see that every mistake, when acknowledged and learned from, added a stroke of resilience to the canvas of life.
Tweet of the day🐥
As we conclude this edition, reflect on the power of embracing mistakes on your journey.
Thank you for being part of our community, where together, we acknowledge imperfections but strive for progress.
Get ready to dive into the mindset of champions and seize the opportunities that await.
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!