Flipkart to enter Q-comm🛒
India can be third pillar of growth: TCS CEO, Zomato, Swiggy hike platform fee, MF and retail investors increase stake in Paytm, Funding Deals and more.
Good morning and welcome to Monday’s edition of Rise & Shine!
“Courage is like a muscle. We strengthen it by use.”
— Ruth Gordo
Today’s quote inspires us to recognize the importance of exercising courage.
Just like a muscle, our courage grows stronger each time we use it. Each act of bravery, no matter how small, helps to build our courage, preparing us for greater challenges.
Tech Updates
Flipkart eyes 100 dark stores before its BigBillionDays sale
Festive season is around the corner and this year the battle will be among the quick commerce players. Flipkart is planning to take the quick commerce battle head-on by opening nearly 100 dark stores before its BigBillionDays sale, sources aware of the plans said. Called Flipkart Minutes, the service is visible to select users in certain pin codes.
India can be third pillar of growth with US, UK: TCS CEO K Krithivasan
Emerging markets like India will be very important for the future growth of Tata Consultancy Services, and not operating in these markets will be a lost opportunity, chief executive officer K Krithivasan said. We are close to 80% of the people coming into the office. Before the pandemic also, about 80-85% of people came to office.
Zomato, Swiggy hike platform fee by 20% to Rs 6 per order
Food delivery majors Zomato and Swiggy have increased their platform fee to Rs 6 in key markets like Bengaluru and Delhi. This marks an increase of 20% from the Rs 5 the two platforms were previously charging in these markets.
Mutual funds and retail investors increase stake in Paytm
One 97 Communication Limited, the parent company of Paytm, has updated its shareholding pattern for Q1 FY25 with the stock exchange on Friday. The revised shareholding indicates a rise in the stocks held by retail investors and mutual funds, according to data sourced from the firm’s Bombay Stock Exchange (BSE) filing.
Funding Deals
Artificial intelligence startup UptimeAI has raised $14 million in its Series A funding round led by WestBridge Capital. The round also saw participation from existing investor Emergent Ventures and new investor Aditya Birla Ventures.
Blockchain-based fintech Partior has bagged over $60 million in a Series B funding round led by Peak XV Partners. New investors such as Valor Capital Group and Jump Trading Group and existing shareholders, including JP Morgan, Standard Chartered, and Temasek, also participated in the round.
🪜 Short Story: The First Step
James had always been afraid of public speaking. When his manager asked him to present at the company meeting, his first instinct was to decline.
But he remembered reading that courage is built through practice. He accepted the challenge, prepared diligently, and delivered his presentation.
Although he was nervous, he received positive feedback and felt a newfound confidence.
Taking that first step helped him realize that he could face his fears and grow stronger.
Tweet of the day🐥
As you start your week, look for opportunities to exercise your courage.
Remember, each courageous act, no matter how small, strengthens you for the next challenge.
Rise & Shine is here to encourage you to step out of your comfort zone and embrace growth.
Start your week with bravery and let your courage shine!
Have a courageous Monday, and let your strength inspire others!
Thanks for reading till the end!