Cabinet approves Rs 10,372 Cr India AI mission🚀
Happy International Women's Day! Flipkart's Quick Commerce, Meesho's Stake Talks, Colossa WomenFirst Fund's Debut, Funding Deals and more.
Hello, Lifelong Learners and Seekers of Wisdom!
"You should keep learning…to the end of your life."
— Seneca
Envision a life where the pursuit of knowledge knows no bounds, where curiosity fuels our journey of growth until the very end.
Join us as we explore the transformative philosophy that true fulfillment comes from embracing lifelong learning and the continuous expansion of our minds.
Prepare to embark on a journey of discovery and enlightenment as we embrace the wisdom of Seneca's words.
Tech Updates
Happy International Women's Day!
Here's to celebrating the strength, resilience, and achievements of every woman around the world. More power to you all as you continue to inspire and empower others.👩🏻🦰
Union Cabinet approves Rs 10,372-crore India AI mission
In a major push for India’s artificial intelligence (AI) plans, the Union Cabinet on Thursday approved a Rs 10,372-crore India AI Mission, aimed at creating computing infrastructure in public-private partnership (PPP) mode. As many as 10,000 graphics processing units (GPUs) (compute capacity) will be made available to startups under the PPP model, Piyush Goyal said.
Flipkart to take on Zepto, Blinkit with quick commerce foray
The quick commerce sector is all set to heat up once again as India’s e-commerce giant is now eyeing the segment. Flipkart has started ramping up infrastructure for its quick commerce play, sources told Entrackr. “Flipkart will launch 10-15 minutes delivery in at least a dozen cities in the next six to eight weeks,” sources said.
Peak XV, Tiger Global in talks to pick Meesho secondary stake
Existing investor Peak XV Partners (formerly Sequoia Capital India) and Tiger Global have held talks to acquire shares in SoftBank-backed ecommerce firm Meesho through a secondary deal.
Colossa WomenFirst Fund raises Rs 100 Cr in first close
Colossa Ventures, a SEBI-registered independent venture capital management company, has announced the first close of its maiden fund – Colossa WomenFirst Fund at Rs 100 crore. The fund with a target corpus of Rs 500 crore will primarily focus on investing in the pre-Series A stage and beyond.
Funding Deals
The Ayurveda Experience (TAE), a direct-to-consumer company focused on Ayurvedic beauty and health products, raised $27 million in a funding round led by Singapore-based venture investment firm Jungle Ventures. The round also saw participation from investors like SIDBI Ventures, Anicut Capital, and Sharrp Ventures.
Contract manufacturing startup Zetwerk has raised $20 million (about Rs 166 crore) in fresh investments from venture debt and private equity firm Wheelhouse Venture Capital. Zetwerk said that Rakesh Gangwal has put this strategic money in the company through Wheelhouse Venture Capital.
D2C skincare brand Foxtale has raised Rs 119.5 crore (approximately $14 million) in a new round from Panthera Growth Partners (PGP), Matrix Partners, and Kae Capital.
Edtech startup MyCaptain has raised Rs 14 crore (approximately $1.7 million) in a new round from Inflection Point Ventures, MyNavi, Piper Serica, Super Capital and Ankur Capital.
📖 Short Story: The Journey of Lifelong Learning
In a vibrant community, a scholar named Alex lived by the wisdom, "You should keep learning…to the end of your life."
With an insatiable thirst for knowledge, Alex inspired the community to embrace lifelong learning as a path to personal and collective growth.
Inspired by Alex's passion for learning, the community began to see that true fulfillment and enlightenment were found not in the destination but in the continuous journey of discovery and self-improvement.
Tweet of the day🐥
As we conclude this edition, reflect on the power of embracing lifelong learning as a source of fulfillment and growth.
Thank you for being part of our community, where together, we celebrate the joy of discovery and the pursuit of wisdom.
Stay tuned for next week's exploration into new philosophies and insights.
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!
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