FirstCry refiles IPO papers📊
Licious going omnichannel, Groww secure payment aggregator licence, IvyCap Ventures announces close of third fund, Funding Deals and more.
Welcome, dear readers, to a moment of tranquility and introspection.
"Learn to be silent. Let your quiet mind listen and absorb."
- Pythagoras
Join us as we explore the art of stillness and the profound insights it can bring.
Let's journey together into the depths of quiet contemplation.
Tech Updates
Licious turning omnichannel with five stores in Bengaluru by June
Direct-to-consumer (D2C)-focused meat seller Licious is set to enter offline retail. The online-first meat and seafood seller is going omnichannel with five physical stores in Bengaluru by June. It plans to open 35-40 stores across two to three cities by the end of the fiscal year 2025.
Groww gets RBI's final nod to operate as payments aggregator
Groww Pay, the UPI payments platform of broking firm Groww, has received final approval from the Reserve Bank of India (RBI) to operate as a Payments Aggregator (PA). This license will allow the company to enable e-commerce transactions through its UPI app -- Groww Pay.
FirstCry refiles IPO papers, reports December revenue at Rs 4,841 crore
FirstCry, the omnichannel retailer of baby and mother care products, has refiled its draft initial public offering (IPO) papers, days after the capital markets regulator flagged a lack of adequate disclosure in key performance indicators (KPI) in its initial filing. The Pune-based company’s latest draft red herring prospectus (DRHP) reveals its financial performance for the nine months ended December 2023. During this period, it recorded operating revenue of Rs 4,814 crore but incurred a net loss of Rs 278 crore.
IvyCap Ventures announces final close of third fund at Rs 2,100 crore
Early-stage venture capital firm IvyCap Ventures, which backed startups such as BlueStone, Purplle and Biryani By Kilo, has announced the final close of its third fund at Rs 2,100 crore. Through this fund, the firm plans to invest in about 25 early-stage startups, with average starting investment amount ranging from Rs 30-50 crore.
Funding Deals
Electric vehicle (EV) charging network Charge Zone has received a $19 million commitment from British International Investment (BII), the UK’s development finance institution (DFI) and impact investor.
Agritech robotics firm Niqo Robotics (formerly TartanSense) has raised Rs 74.7 crore or $9 million in a new round led by Brida Innovation Ventures.
Lithium battery startup PointO has raised Rs 6.2 crore in a seed funding round led by Equirus InnovateX Fund (EIF).
Influencer marketing startup vHub.ai has raised undisclosed funding in a seed round led by Z21 Ventures and Start-Up India Seed Fund Scheme, along with participation from its existing early-stage angel investors.
🔇 Short Story: The Symphony of Silence
Amidst the hustle and bustle of city life, Sarah sought solace in the quiet corner of her favorite park.
Closing her eyes, she heeded Pythagoras' advice, letting her mind embrace the silence.
In the absence of external distractions, Sarah found clarity and inner peace, as if tuning into the universe's symphony.
Tweet of the day🐥
Amid life's chaos, may we remember the profound gift of silence.
Thank you for joining us on this journey of inner exploration.
Stay tuned for our next edition, where we will continue to uncover the treasures of wisdom that await in the depths of stillness.
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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