Flipkart shuts down ANS Commerce 🛒
AJVC raises Rs 100 Cr fund, GaragePlug acquires Freshreview, IT services firms see proactive deal renewals, Funding Deals and more.
Good morning, and welcome to Monday’s edition of Rise & Shine!
"You can choose courage, or you can choose comfort, but you cannot choose both."
— Brené Brown
Today, Brown’s words remind us that growth and success require stepping outside our comfort zones.
If we want to achieve something great, we must choose courage over comfort. Comfort may feel safe, but it rarely leads to growth.
Tech Updates
Aviral Bhatnagar’s AJVC raises Rs 100 Cr fund for early-stage startups
Aviral Bhatnagar’s A Junior VC (AJVC) has closed its first Rs 100 crore fund, aimed at supporting startups in the pre-seed stage in India. With this new fund, AJVC plans to invest in 12-15 pre-seed startups annually, focusing on emerging sectors such as artificial intelligence (AI), software-as-a-service (SaaS), and consumer technology.
GaragePlug acquires review management platform Freshreview
Automotive service platform GaragePlug has acquired review management platform Freshreview for an undisclosed amount. With this acquisition, Freshreview easily integrates into GaragePlug’s connected operations platform, streamlining auto service operations, marketing, and reputation management.
Flipkart shuts down Gurugram-based ANS Commerce biz 3 years after acquiring it for ₹300 crore
Walmart-backed e-commerce giant Flipkart closed down its Gurugram-based unit ANS Commerce three years after it was acquired for ₹300 crore. Flipkart acquired the company in 2022. Founded in 2017, ANS Commerce was providing all support, including marketing tools, warehousing, etc, to entities that wanted to sell their product online.
IT services firms see proactive deal renewals by clients on AI upsurge
IT services companies are seeing deals renewed proactively before their tenures end, with shorter and smaller contracts, as AI-led productivity and efficiency permeate the industry. In June 2024, Xerox signed a $490 million contract with TCS, renewing a deal originally worth $2.5 billion in 2013.
Funding Deals
Skincare brand Amantyacare has raised an undisclosed amount in a pre-seed funding from Indian cricketer Rishabh Pant.
B2B payments platform Rupifi is raising funds from existing investors, including Bessemer, Quona Capital, and Ankur Capital.
🔊 Short Story: The Fearless Speaker
Arjun had always been afraid of public speaking. Given the opportunity to present at a major event, he hesitated. He could choose comfort and decline—or choose courage and step up. He pushed past his fear, practiced, and delivered his speech.
Though nervous, he realized that growth only comes when we dare to be uncomfortable.
Tweet of the day🐥
This week, challenge yourself to step beyond what feels easy. Choose courage over comfort, and watch how much you grow.
Rise & Shine reminds you that the best things come when you dare to take bold steps.
Have a fearless Monday!
Thanks for reading till the end!