Flipkart's 'Minutes' goes live in BLR⏱️
Ola Electric IPO fully subscribed, FirstCry raises Rs 1886 cr, Instawork acquires Bengaluru-based Able Jobs, Funding Deals and more.
Good morning and welcome to Tuesday’s edition of Rise & Shine!
"The only limit to your impact is your imagination and commitment."
— Tony Robbins
Today, Tony Robbins reminds us that our potential to make a difference is bound only by our creativity and dedication.
When we combine imaginative thinking with unwavering commitment, we unlock the potential to create significant changes in both our lives and the world around us.
Tech Updates
Flipkart’s 10 min delivery service Minutes goes live in Bengaluru
Minutes, the quick commerce service by Flipkart, has gone live in parts of Bengaluru. The e-commerce major has been planning to enter the 10-minute delivery service space for the past six months. As per reports, the company is delivering grocery, electronics, smartphones, and other products for about 10 minutes in select pin codes in Bengaluru.
Ola Electric’s public offering fully subscribed on Day 2
Ola Electric’s initial public offering (IPO) was fully subscribed on Monday, the second day of its issue, according to data sourced from the BSE.
FirstCry raises Rs 1,886 crore from anchor investors
Brainbees Solutions, which operates omnichannel kidswear brand FirstCry, raised Rs 1,886 crore from the anchor portion of its initial public offering (IPO) on Monday. These investors include the government of Singapore, Abu Dhabi Investment Authority, Nomura, Fidelity, SBI Blue Chip Fund, SBI Mutual Fund and others.
US-based Instawork acquires Bengaluru-based Able Jobs for undisclosed amount
San Francisco-based staffing solutions provider Instawork has acquired the technology platform built by Bengaluru-based online placement forum Able Jobs for an undisclosed amount. Ravish Agrawal, one of the cofounders, will serve as an advisor to Instawork, while Siddharth Srivastava, the other cofounder will join Instawork as a product leader.
Funding Deals
Agrizy, a B2B agri-processing platform, has raised $9.8 million (Rs 82 crore) in its Series A round of funding co-led by Accion and Omnivore, with participation from new investors Capria Ventures, Thai Wah Ventures, while existing investor Ankur Capital has doubled down.
Stock-broking platform Punch has raised $7 million in seed funding from Stellaris Venture Partners, Susquehanna Asia VC, Prime Venture Partners, and Innoven Capital. The round also saw participation from angel investors including Cred founder Kunal Shah, Vatsal Singhal, cofounder of Ultrahuman, and Nitish Mittersain, founder of Nazara Technologies.
Dating app Juleo which aims to solve the matchmaking crisis has raised $2.5 million in a funding round from Livspace founder Ramakant Sharma, Cred founder Kunal Shah, Acko cofounder Ruchi Deepak, and Groww founders Harsh Jain and Lalit Keshre, among others.
Cooking paste brand CURRYiT has secured Rs 4.5 crore in a seed round co-led by RK Family Trust, Tangent Advisors, and Freeflow Ventures along with participation from Ramesh Damani, Ajaya Jain, and others.
🌟 Short Story: The Innovator's Vision
Lucas, a young engineer, was passionate about renewable energy but felt restricted by current technologies and market strategies.
One day, inspired by Tony Robbins's quote, he began to imagine what could be possible if he stepped outside conventional boundaries. He sketched out ideas for a new solar panel technology that could significantly reduce costs and increase efficiency.
Determined to see his vision come to life, Lucas committed every spare moment to developing his idea.
After many months of hard work and collaboration with peers, Lucas was able to patent his invention, which revolutionized the market and significantly reduced carbon footprints.
His story became an inspiring example of how limitless one’s impact can be when fueled by creativity and steadfast commitment.
Tweet of the day🐥
Let today be a day where you challenge your limits.
Think creatively, commit deeply, and pursue your goals with the confidence that you can make a difference.
Rise & Shine is here to motivate you to explore the vast potential of your imagination and the power of your commitment.
Have an impactful and imaginative Tuesday!
Thanks for reading till the end!