Bluestone may turn unicorn🦄

May 29, 2024

Good morning and happy Wednesday!

Today, the Dalai Lama reminds us of the ever-present opportunity to show kindness.

"Be kind whenever possible. It is always possible."
- Dalai Lama

Let’s explore how even small acts of compassion can have a profound impact.

Bluestone may turn unicorn in pre-IPO funding round

Bluestone–the 13-year-old omnichannel jewellery startup–may turn more precious post its pre-IPO round of funding. Bluestone is in the middle of closing a $100-million funding round which may more than double its valuation to $1 billion–catapulting it into the unicorn club.

Mygate enters insurance distribution business, partners with Acko

Housing society management app Mygate has entered the insurance distribution business, having received the aggregator licence from the Insurance Regulatory and Development Authority of India (IRDAI) to distribute insurance policies.

Zoho’s Sridhar Vembu backs Yali Aerospace

Sridhar Vembu, co-founder and CEO of SaaS firm Zoho, has invested in drone startup Yali Aerospace. Founded in 2022 by Dinesh, Anugraha and Mathuravani, Yali’s drones offer easy-to-use technology for civil and military purposes. The Thanjavur-based firm specialises in providing drone solutions for medical, surveillance, and logistics globally.

Google leases 649,000 sq ft office space in Bengaluru

Google has leased 649,000 sq ft office space at Alembic City in Whitefield, Bengaluru, at a monthly rental of Rs 62 per sq ft with a three-year lock-in period as part of its expansion strategy in India.

Construction materials provider Infra.Market has raised $50 million at a valuation of $2.5 billion in a funding round (including debt) from Mars Unicorn Fund, a joint venture of Liquidity Group and Mitsubishi UFJ Financial Group.
Difacto Robotics and Automation has secured Rs 40 crore (about $4.8 million) from private equity firm Stakeboat Capital.
AI-enabled mixed reality (MR) publishing platform Flam has raised Rs 38 crore ($4.5 million) in its pre-Series A round from Turbostart, Twin Ventures, Alphatron Capital, and angel investors, along with several family offices.
Agritech startup FarMart said it has raised Rs 24 crore from Switzerland-based asset manager ResponsAbility Investments.
AI credit underwriting company AbleCredit has raised $1.25 million or about Rs 10 crore in its seed round led by Merak Ventures. The round also saw participation from Venture Catalysts and Helios Holdings (Suraj Nalin).
Responsible AI development platform provider Inspeq AI has raised $1.1 million (about Rs 9.13 crore) in its pre-Series-A round led by Sure Valley Ventures with participation from Delta Partners.

🛍️ Short Story: A Simple Gesture

In a bustling city, an elderly woman struggled with her groceries.

People passed by, absorbed in their own lives, until a young man named Alex noticed her. Without hesitation, Alex offered to help carry her bags.

The woman was grateful, and as they walked, she shared stories of her life, brightening both of their days.

Alex’s simple act of kindness not only eased her burden but also sparked a connection that made them both feel less alone in the big city.

As we go about our day, let’s remember that kindness is always within our reach.

Whether it’s a smile, a helping hand, or a few kind words, these small gestures can make a big difference.

Embrace every opportunity to be kind, for it enriches both the giver and the receiver.

Here’s to making the most of today and every day!

Feel free to share it with someone who could use a little inspiration. Let's pass on the good vibes and make someone's day!

Thanks for reading till the end!

Rise & Shine ☀