Blinkit > Zomato π
The rise of Naval Ravikant's Airchat, India's progress in AI, Capria Ventures closes fund, Funding Deals and more.
Welcome, dear readers, to a new week of inspiration and self-discovery with Rise & Shine!
βTrust yourself. You know more than you think you do.β
- Benjamin Spock
Join us as we delve into the importance of self-trust and the transformative power it holds in our lives.
Let's embark on this enlightening voyage of self-belief and personal growth.
Tech Updates
Blinkit more valuable than Zomatoβs food delivery biz: Goldman Sachs
Brokerage firm Goldman Sachs believes that the implied value of Zomato's quick commerce business, Blinkit, is now larger than the parent's core food delivery business. Goldman Sachs is now valuing Blinkit at βΉ119 per share at a $13 billion equity valuation. That's higher than the food delivery business, which is being valued at βΉ98 per share.
The rise of Airchat and debate over navigating the Internet with voice
Founded by Naval Ravikant, cofounder of investment platform AngelList and all-purpose tech guru, Airchat is βSilicon Valleyβs latest obsessionβ, according to an article in Wired earlier this month. Voice is the second oldest means of modern long-distance communication, after the telegraph.
India makes significant progress in AI, Germany, Spain lag
As many as 91% of India-based companies will use half or more of their data to train AI models in 2024, data infrastructure company NetApp said in its Cloud Complexity Report. The report touted India as leading the charge when it comes to AI projects, closely followed by Singapore.
Capria Ventures closes India Opportunity Fund at $19 Mn
Venture capital firm Capria Ventures has announced the successful completion of fundraising for its India Opportunity Fund at Rs 153 crore ($19 million). This comes after a full-cash exit from its portfolio company Awign.
Funding Deals
BankBazaar, an online marketplace for financial products, has raised Rs 80 crore ($9.6 million) in its ongoing Series D round via private placement.
B2C credit management platform CheQ has raised Rs 35 crore or $4.2 million in its extended seed round from new and existing investors. 3one4 Capital invested Rs 12.49 crore while Venture Highway Fund and Multiply Ventures pumped in Rs 6.24 crore and Rs 2.08 crore, respectively. Individual investors including Lloyd Dizon Balajadia, Madhav Prakash Sehth, Vishal Gupta, and Deepk Tuli have collectively put in Rs 14.2 crore.
Customer loyalty and marketing startup Reelo has raised $1 million from solo capitalist Gokul Rajaram, the Silicon Valley-based angel investor, who has backed companies like online marketplace Faire, Figma, and collaboration software startup Airtable.
Insuretech platform Ideal Insurance has raised Rs 8 crore in a Pre-Series A funding round led by family offices of VC Grid with participation from investors including Sagar Daryani of Wow Momo, Atha Group Family Office, StyleBaazar Family office, Deven Bhandari and others.
π Short Story: The Journey Within
In the bustling city of dreams, Sarah found solace in the quiet corners of her mind.
Reflecting on Benjamin Spock's words, she realized the immense potential she held within herself.
With newfound confidence, she embraced the uncertainties of life, trusting her instincts to guide her along the way.
And as she ventured into the unknown, Sarah discovered that the greatest answers lie within.
Tweet of the dayπ₯
As we begin this week's journey, let us remember to trust in ourselves and our abilities.
Thank you for joining us today, and stay tuned for our upcoming editions, where we will continue to explore the depths of self-discovery and empowerment.
Stay tuned for our next edition as we continue to unravel the mysteries of a life well-lived.
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