Ant Group nets 4X returns on Zomato🥡
UBS pegs $15.4 Bn value for Blinkit, Unicommerce stock scales fresh high, Shiprocket’s D2C marketplace Zop, Funding Deals and more.
Good morning and welcome to Wednesday’s edition of Rise & Shine!
“The body should be treated more rigorously, so that it may not be disobedient to the mind.”
— Seneca
Today’s wisdom from Seneca encourages us to maintain discipline in our physical health to enhance our mental resilience and overall well-being.
By taking care of our physical health through regular exercise and proper nutrition, we ensure that our bodies can effectively support our mental endeavors and not hinder our aspirations and daily activities.
Tech Updates
Ant Group nets 4X return on investment in Zomato after latest part stake sale
Chinese ecommerce giant Alibaba’s affiliate Ant Group offloaded shares in Zomato worth over Rs 4,772 crore, taking the total proceeds it has made from selling stakes in the company till date to Rs 12,521 crore. Ant Group had invested a total of Rs 3,246 crore in the food and grocery delivery company through various tranches between 2018 and 2020.
UBS pegs $15.4 billion enterprise value to Zomato's Blinkit business
With an enterprise value of $15.4 billion, quick commerce platform Blinkit is contributing a higher share to Zomato’s valuation than the Gurugram-based company’s mainstay food delivery business, according to UBS. The brokerage firm valued Zomato at $32.1 billion – a 15% premium over its current market capitalisation of $27.8 billion.
Unicommerce Esolutions’ stock scales fresh high
Shares of ecommerce software company Unicommerce Esolutions Ltd jumped 16% in early trading on Tuesday, scaling a fresh high of Rs 264 per share. This came after a 20% surge in the previous session. Unicommerce listed on the bourses on August 13 at a hefty premium.
Shiprocket’s D2C marketplace Zop in pilot stage: CEO Saahil Goel
Zomato-backed ecommerce enablement startup Shiprocket is piloting a new D2C marketplace called Zop, cofounder and chief executive Saahil Goel said. The platform, currently in its pilot stage, hosts around 200-300 brands. It is expected to be officially launched in the next 45 to 60 days.
With this, Shiprocket will enter the marketplace segment, competing with major players such as Amazon, Flipkart, Meesho, and others.
Funding Deals
Uppercase, a new-age luggage manufacturer, has raised $9 million from Accel.
Ahmedabad-based Volt VC, a micro venture capital (VC) firm, announced the launch of its inaugural fund. The Volt VC Fund-1 aims to raise a corpus of Rs 45 crore to invest in around 20-25 consumer-centric startups at the pre-seed stage across various sectors.
Online fresh fish and meat retailer Zappfresh has acquired Bonsaro, a Mumbai-based firm focused in the online delivery of poultry, goat, and seafood. This is the second acquisition by the Gurugram-based company. In July 2023, it had acquired Sukos Foods-owned Dr. Meat.
🏃🏻 Short Story: The Committed Runner
Ella, a software developer, found herself mentally exhausted and struggling with concentration at work. She realized that her sedentary lifestyle might be impacting her mental clarity.
Inspired by Seneca’s philosophy, she decided to incorporate more rigorous physical activity into her routine, starting with morning runs.
Initially challenging, the physical effort soon became a vital part of Ella’s day.
Not only did her health improve, but her mental sharpness and productivity at work significantly increased. She found herself more alert, energetic, and able to tackle complex problems with increased ease.
Her commitment to her physical health had made her mind more resilient and obedient to her goals.
Tweet of the day🐥
As you go through your day, think about how you can challenge your body to better support your mind.
Whether it’s choosing the stairs over the elevator, scheduling regular workout sessions, or adjusting your diet, small changes can lead to substantial benefits.
Rise & Shine is here to motivate you to foster both mental and physical vigor.
Have a disciplined and energetic Wednesday!
Thanks for reading till the end!