Ambani sets sight on Africa with new telecom venture📞

May 27, 2024

Happy Monday, and welcome to another edition of Rise & Shine!

As we embark on a new week, let's explore the wisdom of trusting our inner voice.

"I allow my intuition to lead my path."
- Manuel Puig

Listening to our intuition can sometimes be challenging in a world full of noise and distractions.

Yet, it’s often this inner guidance that leads us to our most authentic and fulfilling experiences.

Google invests $350 Mn in Flipkart at $36 Bn valuation

Horizontal e-commerce major Flipkart has raised capital from Google in its ongoing $1 billion round that started in December 2023. While Flipkart did not disclose the quantum of investment by Google, sources indicate that it’s in the tune of $350 million. The investment is subject to regulatory and other customary approvals by both parties.

Billionaire Mukesh Ambani sets sight on Africa with new telecom venture in Ghana

Asia’s richest man Mukesh Ambani is set to enter Africa with a telecoms venture, seeking to win mobile broadband customers in a high-growth market. Radisys Corp., a unit of Ambani-controlled Reliance Industries Ltd., will provide key network infrastructure, applications and smartphones for Ghana-based Next-Gen InfraCo.

PhonePe, BharatPe settle a legal dispute over ‘Pe’

Walmart-backed digital payments firm PhonePe and New Delhi-based fintech startup BharatPe have amicably settled a five-year-long legal dispute on the use of the trademark with the suffix 'Pe', the companies said Sunday. Both companies have withdrawn all trademark opposition against each other, facilitating the registration of their respective marks.

Nazara Tech promoter entity offloads 6.38% stake to Plutus Wealth via block deal

Mitter Infotech LLP, the promoter entity of listed gaming and media firm Nazara Technologies, on Monday, sold 48 lakh equity shares, or 6.38% of its stake in the company to Plutus Wealth Management via a block deal.

B2B delivery and shared mobility startup Zypp Electric has secured Rs 116 crore ($14 million) in its Series C round from Japan-based petroleum firm, ENEOS Oil & Energy Asia.
Dvara Kshetriya Gramin Financials, an NBFC operating in remote rural parts of India, has raised debt of $10 million from BlueOrchard Microfinance Fund.
Biotech startup Mynvax has raised Rs 21.63 crore ($2.6 million approximately) in an extended Series A round led by Inviga Healthcare Fund.
Home Furnishing & Decor Startup Vaaree has raised Rs 20.78 crore ($2.5 million) in a pre-Series A round led by Capier Investments with the participation of Peak XV’s Surge Ventures.

💎 Short Story: The Path of Intuition

In a bustling city, a woman named Maria felt a deep sense of dissatisfaction with her corporate job.

Despite the security and benefits it provided, something inside her urged for change.

One day, while walking through a park, she felt a strong pull toward a small art studio offering painting classes.

Trusting her intuition, Maria signed up and soon discovered her passion for painting.

This newfound passion eventually led her to leave her corporate job and pursue a career as an artist, bringing her immense joy and fulfillment.

As we start this week, let’s take a moment to listen to our inner voice.

Trusting our intuition can open doors to unexpected and rewarding paths.

Whether it’s a small decision or a significant life change, allowing our intuition to lead can bring us closer to our true purpose.

Embrace your inner guidance, and let it illuminate your path this week.

Have an intuitive and inspiring Monday!

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!

Rise & Shine ☀