CoinSwitch with Lemonn Enters Equity Trading📊
PhonePe-Paytm Explore Sound Box Ads, Nazara's Big Gaming Move, PepsiCo's Ujjain Expansion, Funding Deals and more.
Hello, Champions of Self-Improvement and Advocates of Unity!
“Compete with yourself and root for everybody else.”
- Candice Millard
Picture a world where the pursuit of excellence begins with self-improvement and extends to lifting others.
Join us as we explore the profound wisdom of Candice Millard, discovering the transformative power of self-competition and collective encouragement.
Get ready to unlock your potential, uplift those around you, and celebrate the victories of all.
Tech Updates
CoinSwitch parent forays into equity trading with Lemonn
CoinSwitch parent PeepalCo on Tuesday announced its first foray beyond cryptocurrencies, with the launch of its brokerage arm to offer equity trading. Lemonn will target “an under-represented asset class of retail equity investors in India".
PhonePe, Paytm eye sound box advertising; FMCG firms sign up for pilots
To augment their revenue streams, payments firms PhonePe and Paytm are looking to run audio advertisements on millions of sound boxes they have deployed across general and modern trade retail outlets. Large fast-moving consumer goods (FMCG) companies, including Cadbury parent Mondelez and Tata Consumer Products, are participating in the experiment.
Nazara eyes ₹1,000 crore game studio revenue with ₹830 crore acquisition plan
Nazara Technologies, India's only publicly-listed gaming company, aims to scale its game development division's annual revenue from approximately ₹350 crore in FY23 to ₹1,000 crore by the end of FY25, by leveraging an ₹850 crore fund allocated for mergers and acquisitions.
PepsiCo to invest ₹1,266 crore to set up new unit in Ujjain
PepsiCo India on Tuesday announced an investment of ₹1,266 crore to build a new flavour manufacturing facility in Ujjain, Madhya Pradesh, aimed at expanding the company's beverage production capacity in India.
Funding Deals
Governance, risk and compliance (GRC) platform Scrut Automation has raised $10 million in growth capital from existing investors Lightspeed Venture Partners, MassMutual Ventures and Endiya Partners.
Direct-to-consumer (D2C) health and wellness brand Traya has raised Rs 75 crore from Xponentia Capital.
Construction and home improvement platform Wify has raised Rs 17.5 crore or $2.1 million in its pre-series A round led by Capria Ventures.
New Delhi-based travel and lifestyle startup Assembly has raised $2.1 Mn (around Rs 17.4 Cr) in an undisclosed funding round led by Prath Ventures, with participation from Anicut Capital, Blume Founders Fund, and a host of angel investors.
Cloud security startup Arch0 has raised $1.25 million in a pre-seed funding round led by early-stage venture capital firm Leo Capital. The round also witnessed participation from other investors including Village Global, Indian Silicon Valley Capital, Appreciate Capital, Supermorpheus and others.
Cold-pressed juice maker The Fresh Press has raised an undisclosed amount of equity funding from Nikhil Kamath-backed Gruhas Collective Consumer Fund (GCCF).
Bengaluru-based spacetech startup SatSure has raised an undisclosed capital as a part of its Series A funding round co-led by Baring Private Equity Partners (BPEP), India, and Promus Ventures.
🤝🏻 Short Story: The Power of Collaboration
In a small village nestled among the hills, a group of farmers worked tirelessly to cultivate their land.
Guided by the mantra, "Compete with yourself and root for everybody else," they embraced a culture of collaboration and mutual support.
Rather than viewing each other as rivals, they saw themselves as partners on a shared journey toward success.
Together, they achieved remarkable feats, proving that when we compete with ourselves and uplift others, everyone triumphs.
Tweet of the day🐥
As we conclude this edition, reflect on the power of healthy competition and communal support in achieving shared success.
Thank you for being part of our community, where together, we inspire each other to reach new heights.
Stay tuned for our next edition as we delve into new realms of inspiration and camaraderie.
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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