Deepinder Goyal joins billionaire club🤑
Deepinder Goyal joins billionaire club🤑
Swiggy's $65 million Esop sale, LinkedIn to launch video offerings, Yali Capital's Rs 810 crore deep tech fund, Funding Deals and more.
Good morning and welcome to Tuesday’s edition of Rise & Shine!
“Nothing ever goes away until it teaches us what we need to know.”
— Pema Chodron
Today’s quote encourages us to view challenges as learning opportunities.
Instead of avoiding difficulties, embracing them can lead to valuable lessons.
Each struggle and setback is an opportunity for growth and understanding, teaching us resilience, patience, and insight.
Tech Updates
Deepinder Goyal enters the billionaire club as his holding in Zomato crosses $1 Bn worth
Deepinder Goyal, founder and CEO of Zomato, has entered the billionaire dollar club as his holdings in the foodtech firm surpassed Rs 8,400 crore. With this, Goyal joins the ranks of Sachin and Binny Bansal, Nikhil and Nitin Kamath, Vijay Shekhar Sharma, Byju’s Reveendran, and Ritesh Agarwal who hit a similar high at some point with their startups’ growth and valuation.
IPO-bound Swiggy to facilitate $65 million Esop sale for employees
Food and grocery delivery company Swiggy on Monday said it will buy back employee stock ownership plans (Esops) worth $65 million. The Esop buyback is being conducted at a valuation of around $9 billion.
LinkedIn to launch video offerings in India
Professional community platform LinkedIn is set to launch its video offering in India to tap into the burgeoning opportunity in the short-form video market, which is currently worth $5.5 billion. LinkedIn has observed a 60% increase in video uploads in India, compared with 45% globally.
Yali Capital launches Rs 810 crore deep tech fund
Deep-tech-focused venture fund Yali Capital on Monday announced the launch of its maiden fund with a target corpus of Rs 810 crore, including a greenshoe option of Rs 310 crore.
Funding Deals
BluSmart, a ride-hailing startup that uses only electric vehicles, has raised $24 million, or Rs 200 crore, in a funding round led by its existing investors Zurich-based climate finance firm ResponsAbility Investments, cricketer MS Dhoni’s Family Office, and ReNew founder Sumant Sinha.
Skincare brand SkinInspired has raised Rs 12.25 crore (approximately $1.5 million) in its seed round led by Unilever Ventures. Dr Vaidya’s co-founder Arjun Vaidya also participated in the round.
Perpetuity Capital, a fintech platform specializing in clean-tech mobility, has raised Rs 7 crore through Non-Convertible Debentures (NCDs) from N+1 Capital and RevX Capital.
🧩 Short Story: The Unsolved Puzzle
Sarah faced repeated conflicts at work, each time with a different colleague. Frustrated, she considered changing jobs.
Instead, she decided to reflect on what these conflicts were teaching her. She realized she needed to improve her communication and empathy skills.
By focusing on these areas, Sarah resolved her conflicts and became a more effective and compassionate leader.
The challenges didn’t disappear until she learned the essential lessons they carried.
Tweet of the day🐥
As you navigate your day, remember that persistent challenges have something to teach you.
Embrace them with an open mind and a willingness to learn. Rise & Shine is here to help you find the silver lining in every cloud, turning obstacles into opportunities for growth.
Each day brings a new lesson, making you wiser and more resilient.
Have an insightful Tuesday, and let your learning journey illuminate your path!
Thanks for reading till the end!