BlackBuck files for IPO🦌
BlackBuck files for IPO🦌
Nykaa's revenue to rise 22-23%, Pepperfry postpones IPO plans, Spiritual apps get blessed with more users, Funding Deals and more.
Welcome to Monday’s edition of Rise & Shine!
“Ideation without execution is delusion.”
- Robin Sharma
Today’s quote underscores the importance of turning ideas into action.
It's a reminder that vision alone isn't enough; execution is what brings our dreams to life.
Tech Updates
Flipkart-Backed BlackBuck files DRHP for Rs 550 Cr IPO
Flipkart-backed logistics unicorn BlackBuckBlackBuck has filed its draft red herring prospectus (DRHP) with the markets regulator Securities and Exchange Board of India (SEBI) for its initial public offering (IPO). The public issue will comprise a fresh issuance of shares worth INR 550 Cr and an offer for sale (OFS) component of up to 2.16 Cr shares (2,16,09,022 to be precise).
Nykaa expects consolidated revenue to rise 22-23% in April-June quarter
FSN E-Commerce Ventures, the parent company of Nykaa, on Sunday forecast a year-on-year consolidated revenue growth of around 22-23 per cent in the first quarter of 2024-25 (FY25) with a matching growth momentum for beauty vertical but flagged "muted" demand environment in the fashion industry.
Furniture retailer Pepperfry postpones IPO plans
Omnichannel furniture retailer Pepperfry has postponed its IPO plans as it focuses on growth revival, the company’s founder and CEO, Ashish Shah, said. Pepperfry, one of the longstanding players in the online furniture space, has put on hold its plans to hit the public markets. The company was looking to raise $250-300 million through an IPO and was actively engaged with bankers over the last year.
Spiritual apps get blessed with more users, investors post-Covid
A post-pandemic surge in online engagement and growing interest in spiritual practices have revived the fortunes of apps offering spiritual and devotional services. Apps such as Astrotalk, AppsForBharat, Vama.app, DevDham, and Utsav are riding this wave, with some even providing a fillip to spiritual tourism.
Funding Deals
Awign has raised Rs 203.5 crore or $24.5 million from Japan-based Mynavi Corporation, which will now control a 73% stake in the Bengaluru-based HR tech startup.
iVP Semi has raised $5 Mn in its Pre-Series A funding round from undisclosed investors.
💡 Short Story: From Idea to Impact
Sarah always had a knack for innovative thinking. She filled notebooks with ideas for apps, businesses, and creative projects. Despite her enthusiasm, most of her ideas never left the pages of her notebooks. She often found herself daydreaming about what could be, but rarely took steps to make those dreams a reality.
One day, Sarah attended a seminar where she heard Robin Sharma’s quote: “Ideation without execution is delusion.” The message struck a chord with her. Determined to transform her approach, Sarah decided to focus on a single idea: developing an app that connects local artisans with potential customers.
She set clear goals, made a detailed plan, and began working on the app every day. The journey was filled with challenges and setbacks, but Sarah persevered. She sought feedback, made improvements, and kept pushing forward.
Months later, Sarah’s app was ready for launch. It received an overwhelming response from both artisans and customers. By executing her idea, Sarah not only realized her vision but also created a positive impact on her community. Her journey from ideation to execution transformed her dream into a tangible success.
Tweet of the day🐥
As we start the week, let Robin Sharma’s words inspire you to act on your ideas.
Remember, execution is the bridge between dreams and reality. Take the first step today, and watch your visions come to life.
Reading Rise & Shine daily helps you start your day positively by offering wisdom and inspiration.
Have a productive Monday, and may your ideas turn into remarkable achievements!
Thanks for reading till the end!