BlackBuck sets price band for IPO🚚
Truecaller cofounders to transition to advisory roles, Nivesh acquires Wealthzi, Funding Deals, and more.
Good morning and welcome to Friday’s edition of Rise & Shine!
"Attitude is a little thing that makes a big difference."
- Winston Churchill
Today, Churchill’s timeless words remind us of the powerful impact our attitude has on our lives. Often, it’s our mindset—not our circumstances—that shapes our outcomes.
A positive, resilient attitude can turn obstacles into opportunities and setbacks into lessons.
By approaching life with an empowering attitude, we create a foundation for success and fulfillment.
Tech Updates
Blackbuck sets Rs 259-273 price band for IPO
Flipkart-backed truck aggregator platform BlackBuck has set the price band for its upcoming initial public offering (IPO) at Rs 259 to Rs 273 per share. At the upper end of this range, Zinka Logistics, BlackBuck's parent company, aims to raise Rs 1,114.7 crore through the book-building issue.
The IPO consists of a fresh issue worth Rs 550 crore and an offer for sale (OFS) of up to 20.6 million equity shares. Investors can place bids for a minimum of 54 equity shares, with additional bids in multiples of 54 shares.
Truecaller cofounders to transition to advisory roles; Rishit Jhunjhunwala named CEO
Truecaller chief executive officer Alan Mamedi and chief strategy officer Nami Zarringhalam will step back from their current operational roles to focus on the Swedish caller identification app’s long-term strategy. Rishit Jhunjhunwala, who was the chief product officer and managing director of Truecaller’s India division, was named the group’s chief executive officer. He will take over his new role on January 9.
Wealthtech platform Nivesh acquires Wealthzi
Wealthtech platform Nivesh has acquired Wealthzi, a wealth management platform operated by Lime Internet Private Limited. Nivesh, co-founded in 2016 by Anurag Garg and Sridhar Srinivasan, aims to deliver enhanced customer outcomes through AI-driven technology and support. With 60,000 clients across 6,000 Indian pin codes, it is backed by IAN Fund, LetsVenture, and prominent industry leaders, including Basab Pradhan, Rahul Gupta, and Dipak Gupta.
Funding Deals
Kolkata-based snack brand Haldiram Bhujiawala has raised Rs 235 crore from private equity investor Bharat Value Fund (BVF), managed by financial services firm Pantomath Capital Management, in exchange for a minority stake.
30 Sundays, an AI-first travel agent, has raised $770,000 in its pre-seed round led by Infoedge Ventures with participation from First Cheque, Eximius, Misfits, and other angel investors.
🤖 Short Story: The Optimistic Leader
Marcus, a project manager, faced a major setback when his team’s project was delayed due to unforeseen issues.
Instead of reacting with frustration, he chose to maintain a positive attitude, focusing on solutions rather than problems. His optimism inspired his team, lifting their spirits and encouraging them to work together to overcome the challenges.
Marcus’s attitude not only helped his team stay motivated but also led them to complete the project successfully. His story illustrates how a strong, positive attitude can make all the difference in reaching a positive outcome.
Tweet of the day🐥
As you wrap up your week, remember that your attitude shapes your experiences and interactions. Choose positivity, resilience, and optimism, and watch how it transforms your journey.
Rise & Shine is here to remind you that a small shift in attitude can lead to big changes in your life.
Have an uplifting and positive Friday!
Thanks for reading till the end!