Amazon India approaches Swiggy for stake in Instamart🤝
OpenAI launches GPT-4o mini, Google to not allow low-quality Android apps, WazirX offers $23 million bounty, Funding Deals and more.
Good morning and welcome to Monday’s edition of Rise & Shine!
“The more we value things outside our control, the less control we have.”
— Epictetus
Today’s quote serves as a powerful reminder of the importance of focusing on what we can control in our lives.
By redirecting our focus to what we can influence, we regain a sense of agency and inner peace.
Tech Updates
Amazon in deal talks with Swiggy for quick commerce business Instamart
Amazon India has approached IPO-bound Swiggy for a potential deal involving its quick commerce business under Instamart, said three people aware of the matter. The development comes close on the heels of Swiggy confidentially filing draft documents with Sebi for Rs 10,414 crore ($1.25 billion) public offering, among the largest for a new-age internet firm.
OpenAI launches GPT-4o mini
OpenAI introduced a new language model GPT-4o mini, a cost-effective generative AI model that outperforms GPT-4 and GPT-3.5 Turbo. According to the company, it costs $0.24 per 1 million tokens and outperforms many existing models such as Gemini Flash and Claude Haiku.
Google to not allow low-quality Android apps on Play Store from Aug
Google has stringent rules for scrutinising Android apps before they make their way to Play Store but now Google is making the vetting process even more strict. The US-based software giant has revised its minimum quality requirements for Android apps and will not allow those that do not meet requirements on Play Store from August 31. Further, it could remove such Android apps from the Play Store, too.
Crypto platform WazirX offers $23 million bounty to recover stolen assets worth $234 million
The Indian crypto exchange WazirX's Co-Founder Nischal Shetty announced a prize of $23 million as a part of its “bounty program” for recovering the $234 million assets stolen in the hacker attack, according to a post on the social media platform X on Sunday, July 21.
Funding Deals
Tekion, the SaaS unicorn startup focused on the automotive retail industry, has raised $200 million in growth equity capital from Dragoneer Investment Group at a valuation of over $4 billion.
Lenskart co-founders Peyush Bansal and Neha Bansal, along with co-founders Amit Choudhary and Sumeet Kapahi, have injected $19.12 million into the company.
Fast fashion retailer NEWME raised $18 million in series A funding in an equity round led by Accel, along with participation from existing investors Fireside Ventures and AUM Ventures.
Commercial drone solutions startup Aereo secures $15M in Series B funding round.
Wealthtech startup Stable Money raised over Rs 123 crore nearly $15 million in a new round from RTP Capital, Lightspeed India, and Matrix Partner.
🪩 Short Story: Focusing on the Controllable
Michael, an aspiring author, often found himself frustrated by the unpredictable nature of the publishing industry.
Rejections and market trends were beyond his control, causing him significant stress. He decided to shift his focus to honing his writing skills and building a solid routine.
By valuing his own efforts and improvements, Michael found greater satisfaction and eventually achieved success through self-publishing, proving that controlling what you can leads to empowerment.
Tweet of the day🐥
As you start your week, remember to focus on what you can control and let go of what you can’t.
Rise & Shine is here to help you channel your energy productively, empowering you to take charge of your life and find fulfilment.
Have a focused and empowering Monday!
Thanks for reading till the end!