BharatPe settles it with Ashneer🏦
BharatPe settles it with Ashneer🏦
Adda247 buys PrepInsta, Reliance-Disney $8.5 billion merger, IDFC FIRST Bank announces completion of merger, Funding Deals and more.
Good morning and welcome to Monday’s edition of Rise & Shine!
“The secret of change is to focus all your energy, not on fighting the old, but on building the new.”
— Socrates
Today, Socrates offers us a timeless wisdom that encourages us to channel our energy toward creating the future rather than clinging to the past.
By shifting our focus away from what no longer serves us and concentrating on creating new possibilities, we open the door to transformation and growth.
Tech Updates
BharatPe announces settlement with Ashneer Grover
Fintech company BharatPe has resolved its long-standing dispute with former co-founder and managing director Ashneer Grover.
BharatPe in a statement said that both parties (BharatPe and Grover) have reached a definitive agreement, and that as part of the settlement, Grover will not be associated with BharatPe in any capacity nor be a part of the shareholding of the company.
Edtech startup Adda247 buys placement preparation platform PrepInsta
Google-backed edtech startup Adda247 has acquired PrepInsta, a placement preparation platform. Financial details of the transaction were not disclosed. The deal marks Adda247's entry as an integrated provider of job-focused education and skilling programmes spanning public and private sector jobs.
Reliance-Disney $8.5 billion merger ahead: RIL wins I&B Ministry’s approval for transfer of channels
The Ministry of Information and Broadcasting, on Saturday, September 28, gave its approval to Mukesh Ambani-led Reliance Industries for the transfer of channels ahead of the $8.5-billion merger with Disney. The approval was given for the transfer of licenses relating to non-news and current affairs television channels. As part of the move, the channels held by Viacom 18 Media Pvt Ltd will be transferred to Star India Pvt Ltd.
IDFC FIRST Bank announces completion of IDFC Ltd merger
IDFC First Bank on Friday announced the completion of merger of IDFC Limited with the bank. As a result of the merger, it said, 155 equity shares of the bank will be allotted for every 100 equity shares of IDFC Limited held by such shareholder in IDFC Limited as on the Record Date i.e., October 10, 2024.
Funding Deals
Enterprise software startup TraqCheck has secured a new round of funding to accelerate its global expansion plans. The latest round saw participation from notable investors, including finance veteran and former head of Goldman Sachs’ international wealth management business Alok Oberoi, founder of Bellavita Aakash Anand, and early-stage venture firm Caret Capital.
👩🏻💼 Short Story: The Reinvented Business
Carlos had been running a family-owned bookstore for decades, but with the rise of digital platforms and declining foot traffic, he struggled to keep the business alive. For years, he fought against these changes, hoping things would return to how they once were.
One day, inspired by Socrates' wisdom, Carlos decided to stop resisting and instead focus his energy on the future. He adapted the business model, creating an online bookstore with live readings and virtual book clubs.
By embracing new technologies and opportunities, Carlos not only saved his business but made it thrive in a way he had never imagined.
Tweet of the day🐥
As you begin your week, think about the areas in your life where you may be holding on to the old. Redirect your energy toward building new opportunities and possibilities.
Rise & Shine is here to inspire you to embrace change and create a future full of potential.
Have a transformative and forward-focused Monday!
Thanks for reading till the end!