Amazon invests Rs 1660 Cr🛍️
ChrysCapital set to invest $100 mn, Govt eyes private-public cloud model, Uber to buy Delivery Hero's Foodpanda biz, Funding Deals and more.
Hello, dear readers!
"The shoe that fits one person pinches another; there is no recipe for living that suits all cases."
- Carl Jung
Carl Jung’s quote reminds us that life is not a one-size-fits-all journey.
Each of us has a unique path, and what works for one person may not work for another.
Let’s explore how embracing our individuality can lead to a more fulfilling life.
Tech Updates
ChrysCapital invests $100 million in eyecare chain Centre for Sight
Homegrown private equity firm ChrysCapital is set to invest up to $100 million in New Delhi-based Centre for Sight for a “significant" minority stake, in a deal that will value the eyecare chain at $350-400 million. As part of the transaction, ChrysCapital will purchase the entire stake held by Mahindra Holdings Ltd in Center for Sight.
Amazon pumps Rs 1,660 crore into India marketplace entity
Amazon Seller Services, which runs the Amazon India marketplace, has received a fresh equity infusion of Rs 1,660 crore ($199 million) from its parent entities, regulatory filings showed. The latest infusion follows investments of more than Rs 1,000 crore by Amazon into its Indian entities this year.
Govt eyes private-public cloud model for chip designs
The government is mulling a proposal to set up a private-public cloud model for storing advanced semiconductor chips and packaging designs to provide startups, academics, micro, small and medium enterprises, and researchers easy access.
Uber to buy Delivery Hero's Foodpanda business in Taiwan for $950 million
Ride-hailing major Uber is set to acquire Delivery Hero's Foodpanda business in Taiwan for $1.25 billion. Uber is paying $900 million in cash while also investing $300 million via newly issued shares of Delivery Hero’s Germany-based parent firm to Foodpanda Taiwan.
Funding Deals
Red.Health, a medical emergency response startup that dispatches ambulances, has raised $20 million in its Series B funding in a mix of equity and debt. The investment was led by Jungle Ventures, with participation from Alteria Capital, HealthQuad and HealthX.
Agritech robotics firm Niqo Robotics (formerly TartanSense) has raised $13 million in a Series B round led by Brida Innovation Ventures. The round also saw significant investments from new investor Fulcrum Global Capital and existing investor Omnivore.
Online gold loan platform Rupeek has raised Rs 50 crore from 360 One Large Value Fund (formerly IIFL Wealth Management).
Celcius Logistics, a domestic aggregator providing end-to-end cold-chain solutions, has secured Rs 40 crore ($4.8 million) in a pre-series B round, led by existing investor IvyCap Ventures. Other investors include Mumbai Angels and Caret Capital.
Marketing SaaS platform Highperformr.ai has raised $3.5 million in its seed round led by Venture Highway, Neon, and DeVC.
BizDateUp Technologies has acquired a 20% stake in Duro Green, an environmental impact startup providing wet waste management services.
🛣️ Short Story: Finding Your Path
In a bustling city, there were two friends, Emily and Raj. Emily loved the tranquility of painting, while Raj found his passion in the fast-paced world of finance. Emily often received advice to pursue a more "practical" career, while Raj was sometimes told to seek a less stressful job.
One day, inspired by Jung’s quote, they decided to embrace their true callings. Emily set up a small art studio and found immense joy in creating and sharing her work. Raj, on the other hand, thrived in his finance career, finding excitement in the challenges it presented.
By following their paths, both Emily and Raj found happiness and success, each in their way. Their story highlights the importance of recognizing and respecting our individual needs and aspirations.
Tweet of the day🐥
As we journey through life, let’s remember Jung’s wisdom.
Embrace your unique path and respect the different journeys of those around you.
Stay tuned for our next edition, where we will continue to explore inspiring quotes that motivate us to live authentically and pursue our dreams.
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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