Amazon launches Creator University🤳🏻
Cisco launches $1 bn AI fund, Ixigo IPO, Dozen consumer companies line up IPOs, Funding Deals and more.
Hello and welcome to Wednesday’s edition of Rise & Shine!
"Do the best you can until you know better. Then when you know better, do better."
- Maya Angelou
Maya’s quote emphasizes the importance of continuous improvement and learning in our journey through life.
Tech Updates
Cisco launches $1 billion AI fund and makes first investments
Cisco on Tuesday launched a $1 billion fund to invest in artificial intelligence startups, joining a list of big technology companies rushing to take stakes in small AI firms. Through its investment arm, the company is investing in Cohere, Mistral AI, and Scale AI, among others, and has already committed nearly $200 million of the fund.
Amazon backs social media influencers, launches Creator University
Ecommerce giant Amazon is promoting Indian social media influencers to create content directly on its platform and educate customers on products by hosting offline workshops. Amazon is banking on popular and mid-tier creators to push sales. Creators will learn what type of content works best in a shopping context, audience cultivation, building an audience of shoppers, and content optimization.
A dozen consumer companies line up IPOs in a thriving stock market
Close to a dozen consumer-facing companies have either already filed draft red herring prospectus (DRHP) or have sounded out bankers for their respective public listings. These companies are looking to capitalise on the robust growth potential in consumer businesses and growing aspirational demand from tier-II and tier-III cities.
Ixigo IPO: Price band set at ₹88-93 per share
The IPO of Le Travenues Technology, the company that operates the travel tech platform Ixigo, is scheduled to be open for bids from June 10, 2024, to June 12, 2024. The price band for the IPO is set at ₹88 to ₹93 per equity share. The company plans to raise ₹740 crore through an initial public offering.
Funding Deals
Meragi, an online platform to discover, design and purchase all wedding-related services and products, is all set to raise $8 million in a new round.
Absolute Sports, a Nazara Technologies subsidiary and the parent company of Sportskeeda.com and ProFootballNetwork.com is close to acquiring all of the assets of SoapCentral.com, a premier source of entertainment content in the US.
📈 Short Story: The Path of Improvement
Sarah was a new teacher who put her heart into every lesson.
Despite her efforts, she struggled with classroom management and felt discouraged.
One day, a seasoned teacher shared some strategies with her. Sarah implemented them and saw immediate improvement.
She realized that doing her best was about constant learning and adapting.
Her renewed approach transformed her classroom environment and boosted her confidence.
Tweet of the day🐥
Today, let's embrace Maya Angelou's wisdom by doing our best with what we know now and committing to do better as we learn more.
Continuous improvement is key to personal and professional growth.
Keep pushing forward and strive to be better each day.
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🌞