Canva's Biggest Acquisition🖼️
MeitY Backs Startup Validation, Myntra's Ebitda Rise, Musk's Grok AI to be available, Funding Deals and more.
Hello, Advocates of Self-Worth and Champions of Confidence!
"Self-esteem is the reputation that you have with yourself."
- Naval
Envision a world where self-worth is not defined by external validation, but by the relationship we have with ourselves.
Join us as we delve into the insightful words of Naval Ravikant, uncovering the keys to cultivating a positive self-image and embracing our inherent worth.
Get ready to nurture a deeper sense of self-esteem and unleash the boundless potential within.
Tech Updates
Canva strikes biggest acquisition yet in chase to take on Adobe
Canva Inc. acquired the Affinity suite of creative software popular with Mac users, securing its biggest acquisition to date to compete with Adobe Inc. It’s the biggest outlay yet by Australia’s most valuable startup, priced at $26 billion in its latest share sale, and marks a milestone in the expansion of its range of professional tools.
MeitY task force bats for startup product validation and certification centres
A 16-member task force to improve India’s domestic electronics manufacturing capabilities and create a roadmap to make the country a “product nation” is likely to suggest product validation and certification centres for electronics products of startups, and micro, small, and medium enterprises (MSMEs) so that they can be tested against global standards.
Myntra turns Ebitda positive aided by rising user base, brand tie-ups
Online shopping platform Myntra on Tuesday claimed that it turned operationally profitable in the last quarter of calendar year 2023, attributing it to an expanding customer base, premiumization, collaborations with both domestic and international brands, and advancements in technological integration.
Elon Musk's Grok AI will be available for all X Premium users later this week
Billionaire and xAI owner Elon Musk confirmed on Tuesday that his company's AI chatbot, Grok, will be available to all X premium users later this week. The move comes amid an intensifying rivalry between Musk and his former company OpenAI.
Funding Deals
Mumbai-based Avanse Financial Services Ltd, an education-focused non-banking financial (NBFC) company, has raised Rs 1,000 crore in a funding round led by Abu Dhabi-based Mubadala Investment Company and Avendus PE Investment Advisors Private Limited through its fund Avendus Future Leaders Fund II.
Non-bank lender Ambit Finvest has raised Rs 690 crore from a Japan-based Daiwa Securities Group and other existing investors.
Ad-tech firm AdOnMo has raised Rs 58.21 crore (around $7 million) in its Series B1 round. Healthcare veteran Ravindranath Kancherla and his son Kancherla Pruthvinath injected Rs 16.6 crore while Qatar Insurance Company and ZNL Growth (Z Nation Lab) pumped in Rs 8 crore and Rs 1.80 crore, respectively.
Tech-enabled grocery retail chain SuperK has raised Rs 31 crore approximately ($3.7 million) in its Series A round led by Catalyst Trusteeship Limited (Blume Venture).
Aeria, a tenant experience and asset management platform for commercial real estate, has raised $1.8 million in pre-seed funding led by Kalaari Capital and Foundamental along with AC Ventures, and AL Trust among others.
JustDeliveries, a provider of logistics solutions for perishables, has raised $1 million in a pre-Series A funding round led by Nabventures. Other investors including Faad Network, Anay Ventures, Caret Capital and Mahansaria Family Office also participated in the round.
💪🏻 Short Story: The Power of Self-Worth
In a bustling community, a young woman named Maya embraced the wisdom, "Self-esteem is the reputation that you have with yourself."
Through self-reflection and personal growth, Maya embarked on a journey of self-discovery, learning to value herself for who she truly was.
By embracing her strengths and acknowledging her worth, Maya transformed her life, radiating confidence and inspiring others to do the same.
Tweet of the day🐥
As we conclude this edition, reflect on the relationship you have with yourself and the impact it has on every aspect of your life.
Thank you for being part of our community, where together, we celebrate the beauty of self-worth and empower one another to embrace our true selves.
Stay tuned for tomorrow's edition as we explore the transformative power of possibility and the boundless potential that lies within each of us.
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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