Cred's new offering🎁
Cred's new offering🎁
Indian video market to touch $13 billion, FAAD Capital invests four agritech startups, Agri Stack to cover six crore farmers, Funding Deals and more.
Good morning and welcome to Thursday’s edition of Rise & Shine!
“Knowledge will give you power, but character respect.”
— Bruce Lee
Today’s quote highlights the distinction between knowledge and character, emphasizing that while knowledge can empower us, our character earns us respect.
Integrity, honesty, and kindness leave a lasting impression, far beyond what knowledge can achieve.
Tech Updates
Cred to help customers track bank accounts
Fintech firm Cred is launching a new offering called Cred Money for users to manage bank accounts. The company, whose eponymous flagship product helps customers manage their credit card usage, said Cred Money would allow users to have a unified view of all their bank accounts and their balances.
Indian video market to touch $13 billion, create nearly 3 lakh jobs by 2028
India’s video market is expected to reach $13 billion in revenue by 2028, boosted by the streaming industry, which has continued to invest billions of dollars in content development every year, as per a new report. Content investment in India increased to $5.8 billion in 2023 from $3.3 billion in 2018. With the industry’s backing, the streaming sector will create 280,000 jobs by 2028, according to the report.
FAAD Capital invests four agritech startups through AgriManch accelerator
Early stage venture capital fund FAAD Capital has strategically invested $121,000 in four agritech startups as part of their AgriManch accelerator program. The startups receiving the investment in the pre-seed round include Godaam Innovations, VedaFit Foods, Aqin Biotech, and Mkelly Biotech.
Agri Stack to cover six crore farmers by end of the year
Agri Stack, a database of India’s farmers, will have 60 million farmers covered by the end of this financial year. Rajeev Chawla, strategic advisor and chief knowledge officer at the Union agriculture and farmer welfare ministry, said Agri Stack will act as ‘Aadhaar plus’ for the Indian agriculture ecosystem. He said these 60 million farmers will receive a unique identification number, or ID, by the end of this fiscal year.
Funding Deals
Unimech Aerospace has raised Rs 250 crore ($30 million) from Steadview Capital Mauritius Limited, ValueQuest Scale Fund, and Evolvence India Fund IV Ltd as a part of its private placement round.
Insurtech company Acko has acquired digital chronic care management company OneCare in an all cash deal.
Seafood supply chain firm Captain Fresh has acquired Koral, a Poland-based producer and distributor of branded salmon products. Captain Fresh has signed the agreement with Abris Capital Partners, the ESG transformation specialist private equity investor, and Boguslaw Kowalski, the company’s founder.
Pneucons, a B2B industrial marketplace startup, has closed its undisclosed pre-series investment round driven entirely by social media engagement. The round also saw participation from Tarun Mehta, co-founder & CEO of Ather Energy.
🤠 Short Story: The Wise and the Humble
In a bustling town, there were two prominent figures: a highly knowledgeable scholar and a humble, kind-hearted merchant.
The scholar was revered for his intelligence, but his arrogance often alienated people. The merchant, on the other hand, was known for his integrity and generosity.
Despite having less knowledge, he was beloved and respected by all.
When a crisis struck the town, it was the merchant's character that united the community and brought about a solution.
The townspeople realized that while the scholar's knowledge was valuable, it was the merchant's character that truly made a difference.
Tweet of the day🐥
As you go about your day, remember that while knowledge can empower you, it is your character that earns you respect.
Rise & Shine encourages you to cultivate both for a balanced and fulfilling life.
Have an insightful and character-building Thursday!
Thanks for reading till the end!