DMI Group Snaps Up ZestMoney 🤝
DMI Group Snaps Up ZestMoney 🤝
Foxconn-HCL's Chip Facility Plans, E-commerce Dip, EU Queries Tech Giants, and Funding Buzz. Understanding the key to a fulfilling life.
Hello, Curators of Consciousness!
"The quality of your mind is the quality of your life."
- Naval
Picture a life where the richness of your thoughts directly shapes the quality of your existence.
Join us as we explore the transformative power of nurturing the mind, understanding that the key to a fulfilling life lies in the quality of your mental landscape.
Get ready to embark on a journey of mindfulness and elevate the essence of your being.
Tech Updates
Tamil Nadu, Telangana on Foxconn-HCL’s radar for new chip facility
Tamil Nadu and Telangana are in “advanced-level talks” with the HCL-Foxconn joint venture to set up the latter's recently announced semiconductor assembly and testing unit.
DMI Group acquires BNPL startup ZestMoney
DMI Group on Wednesday announced the acquisition of buy now pay later platform, ZestMoney. DMI Finance, the NBFC arm of DMI, will be a preferred lender on the Zest platform from now onwards.
Ecommerce clicks dip in December, trigger growth concerns
Ecommerce platforms saw a significant dip in sales volume in December immediately after the end of the festive season, triggering growth concerns among online marketplaces and brands, according to industry executives.
EU sends information request to 17 tech firms including Amazon, Apple, Meta
The European Commission said it had sent requests for information under the EU's Digital Services Act (DSA) to 17 tech companies that it regards as very large online platforms (VLOP) and search engines.
Funding Deals
FinAGG Technologies, a fintech startup offering cash-flow based supply chain finance, has raised $11 million in its Series A funding round co-led by global impact investment manager BlueOrchard and Tata Capital Limited.
Electric vehicle leasing and lifecycle management platform Alt Mobility has raised $6 million (nearly Rs 50 crore) in a funding round co-led by Shell Ventures, Eurazeo, EV2 Ventures and Twynam. UC Inclusive, Piper Serica, Pitchright and LetsVenture also participated in the round.
Groyyo, a manufacturer-first automation platform, has raised $5.4 million in a debt round from Lighthouse Canton and Trifecta Capital.
E-commerce platform BuyEazzy has raised $4.25 million in its Series A round led by Info Edge Ventures with participation from existing Pg investors Incubate Fund Asia and M Venture Partners.
Web3 startup zbyte has raised $4 million in a strategic funding round from multiple investors, including Cartography Capital and Quarterback Financial.
Indra, a smart water treatment systems provider, has raised $4 million in Series A round led by Emerald Technology Ventures and Mela Ventures. The round also saw participation from Peak Sustainability Ventures and The Climate Angels.
Insurtech startup Bharatsure has raised $1 million (about 8.3 crore) in a funding round led by Capital-A along with participation from Grip Invest, existing investor Inflection Point Ventures, Dexter Ventures, HEM Angels and We Founder Circle.
Aerial logistics drone startup BonV Aero has raised Rs 6 crore in a round led by Inflection Point Ventures (IPV).
Bengaluru-based insurance-tech startup Healspan has secured Rs 1.2 crore in its pre-seed funding round led by PedalStart.
🪴 Short Story: The Garden of Thoughts
In a tranquil garden, a philosopher named Elena embraced Naval's wisdom, "The quality of your mind is the quality of your life."
Elena tended to her thoughts like a gardener nurturing precious blooms.
The community, inspired by Elena's mindful approach, began to see that the garden of thoughts was not just an internal sanctuary but the very soil from which the blossoms of a fulfilling life sprouted.
Tweet of the day🐥
As we conclude this week's journey, reflect on the profound impact of your mind on the quality of your life.
Anticipate next week's exploration into the philosophy that encourages us to "never let a win get to your head, and never let a loss get to your heart."
Stay tuned for a fresh perspective that promises to guide you in navigating the delicate balance of triumphs and challenges.
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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