Flipkart Scraps Zepto Stake Plan⚔️

Apr 19, 2024

Hello, Seekers of Serendipity and Wonder!

"Be prepared to appreciate what you meet."
- Frank Herbert

Join us in embracing the art of mindful living, where every encounter becomes an opportunity for growth and gratitude.

Let us cultivate a spirit of readiness and receptivity, ready to greet each moment with open arms and open hearts.

Flipkart drops stake purchase plan in Zepto: Report

Ecommerce major Flipkart made an offer to buy a majority stake in quick-commerce startup Zepto but the talks fell through. Flipkart’s on the lookout for an acquisition to bulk up its quick commerce ambitions. After its failed discussions with cash-strapped Dunzo, the ecommerce major held talks with Zepto. But the talks have not materialised and unlikely to be revived.

Swiggy integrates Mall offering with Instamart

Swiggy is integrating its Mall offering, where it was experimenting with selling non-grocery items like footwear, apparel, electronics, and electric appliances, with its headline quick-commerce service Instamart.

Infosys Q4 profit jumps 30% on year to Rs 7,969 crore

IT bellwether Infosys posted a 30% year-on-year growth in consolidated net profit at Rs 7,969 crore for the quarter ended March 2024. This was against Rs 6,128 crore in the same quarter of last year.

Meta releases early versions of its Llama 3 AI model

Meta Platforms on Thursday released early versions of its latest large language model, Llama 3, and an image generator that updates pictures in real-time while users type prompts, as it races to catch up to generative AI market leader OpenAI.

Agilitas Sports acquires Lotto licence in India for 40 years

Sportswear and athleisure venture Agilitas Sports, cofounded by former Puma India head Abhishek Ganguly, has acquired Italian shoe brand Lotto's India licence for 40 years at an undisclosed price.

Housing finance company Altum Credo has scooped up $40 million in its Series C funding round led by Z3Partners and Oikocredit. The financing round also saw participation from British International Investment, and existing investors Aavishkaar Capital, Amicus Capital and PS Pai and family.
Uniqus Consultech, a tech-enabled global consulting firm focused on ESG and Climate and Accounting Advisory, has raised $10 million in Series B funding. Nexus Venture Partners led the funding round with participation from Sorin Investments.
Quick service burger chain Good Flippin’ Burgers has raised Rs 30 crore (approximately $3.6 million) in an extended Series A round from its existing investor Tanglin Venture Partners.
Includ, a mass premium kidswear brand, has secured $1.5 million in its seed funding round led by Incubate Fund Asia with participation from Escape Velocity, Abhishek Goyal (Co-founder, Tracxn), and IIM Indore Alumni Angel Fund.
Driver assistance startup Sapience Automata has raised Rs 1.75 crore in a Seed round led by Inflection Point Ventures.

🎁 Short Story: The Gift of Encounter

In the bustling streets of the city, Maya stumbled upon a quaint bookstore, drawn by the allure of its vintage charm.

As she perused the shelves, she stumbled upon a forgotten gem—a book of poetry by Frank Herbert.

With each verse, Maya found herself immersed in a world of profound insight and inspiration, reminded of the beauty that lies in the unexpected.

As we navigate the winding roads of life, let us remain open to the beauty surrounding us and the lessons awaiting us.

Thank you for joining us on this journey of discovery and appreciation.

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!

Rise & Shine ☀