Blinkit expands overseas for Rakhi🎊
Blinkit expands overseas for Rakhi🎊
BharatPe increases stake in Trillion Loans, ISRO’s SSLV is ready for clients, Prudent Equity launches maiden fund, Funding Deal and more.
Good morning and welcome to Monday’s edition of Rise & Shine!
"If a man knows not to which port he sails, no wind is favorable."
— Seneca
As we start a new week, Seneca’s quote reminds us of the importance of setting clear goals and directions in our lives.
Even the most favorable conditions can’t help us reach our goals without a defined destination. It underscores the importance of direction over speed and the power of purpose-driven actions.
On this Raksha Bandhan, let's celebrate the bond of protection, care, and endless support!
Wishing you all a day filled with love and cherished moments.
Happy Raksha Bandhan! 🎉✨
Tech Updates
Blinkit expands services to overseas markets for Raksha Bandhan
With Raksha Bandhan, the festival celebrating the bond between siblings, just around the corner, Zomato-owned quick commerce platform Blinkit has expanded its services to the overseas markets on this occasion, allowing users from select countries to send rakhis and gifts to their siblings in India. In addition to enabling international orders, the company is also offering free delivery on rakhi purchases within India.
BharatPe increases its stake in Trillion Loans to 60%
Fintech unicorn BharatPe has invested around $8-9 million in its non banking financial (NBFC) arm Trillion Loans and increased its stake in the Mumbai-based firm to nearly 60%. In May 2023, BharatPe acquired a majority 51% stake in Trillion Loans. The investment appears to be a move to instill confidence among its external stakeholders, including the lending community and equity holders.
ISRO’s SSLV is ready for commercialisation; Skyroot, Agnikul eyes market share in small satellite business
Indian Space Research Organisation's (ISRO) recent satellite launching vehicle, SSLV, is the first rocket in its category ready for commercialisation. Two others, Vikram from Skyroot and Agnibaan from Agnikul Cosmos, are competing for market share to place small satellites into Earth's orbit.
Prudent Equity launches maiden fund with minimum ticket size of Rs 50 lakh
The Gurugram-based wealth management firm Prudent Equity has launched its maiden growth strategy Portfolio Management Service (PMS). This fund leverages a proven bottom-up value investing approach to capture mispriced opportunities while prioritizing capital protection. According to Prudent Equity, the fund will provide with a minimum investment of Rs 50 lakh, which is designed for investors seeking long-term capital appreciation over 36 to 60 months.
Funding Deal
MSMEs-focused fintech lender FlexiLoans has raised Rs 75 crore (approximately $9 million) via non-convertible debt from JM Financial.
🧭 Short Story: The Aimless Voyager
Tom, a talented but directionless graphic designer, often jumped from project to project without any real sense of fulfillment or progression.
One day, inspired by Seneca’s words, he decided to sit down and outline his career aspirations, identifying the type of work he truly enjoyed and the impact he wished to have.
Armed with this newfound clarity, Tom tailored his portfolio towards companies and projects that aligned with his goals. Soon, he found that opportunities began to align with his aspirations, leading him to more meaningful and satisfying work.
Tom’s career took a significant turn for the better once he set his sights on a specific "port."
Tweet of the day🐥
As you begin your week, take a moment to reflect on your goals. Are you clear about where you want to go?
Define your destination, and you’ll find that the winds of life will start working in your favor.
Rise & Shine inspires you to set clear objectives and pursue them with conviction.
Have a purposeful and directed Monday!
Thanks for reading till the end!