Flipkart's quick commerce biz🛵
Ather eyes new funding round, WeWork Inc to sell 27% stake, Centre to tackle OTP frauds, Funding Deals and more.
Dear Seekers of Wisdom, greetings!
"Wisdom is the echo of experience."
- James Clear
Let us embrace each lesson learned, for in the echoes of our past, we discover the guiding light of wisdom that illuminates our path forward.
Join us as we embark on a quest to unlock the treasures of wisdom that lie within the echoes of our experiences.
Updates
Flipkart picks supply chain head to lead quick commerce biz
Flipkart has picked senior vice president and group head for supply chain, Hemant Badri to lead its entry into quick commerce. The Walmart-owned company is aiming to launch its quick commerce offering in July. It is in the process of setting up a chain of dark stores to do the same.
Ather eyes new funding round, Nikhil Kamath buys big part of Sachin Bansal’s stake
Electric scooter maker Ather Energy is in talks to raise a large round of funding in a mix of primary and secondary share sales. Flipkart cofounder Sachin Bansal, who was the first angel investor in Ather, has sold a significant part of his holding to Zerodha cofounder Nikhil Kamath.
WeWork Inc to sell 27% stake held in India unit via secondary deal
Nearly seven years after coworking major WeWork US entered India through a joint venture with the Embassy group, it is now exiting the market. WeWork India, promoted by Bangalore-based Embassy group, is offloading the stake held by its US parent through a Rs 1,200 crore secondary transaction. Embassy group owns 73% of WeWork India and the rest is with WeWork US.
Centre, SBI Card, telcos come together to tackle OTP frauds
The government has teamed up with SBI Card, the credit card business of State Bank of India, and telecom operators to track and flag frauds being conducted with the help of one-time passwords, commonly known as OTPs, which are used for facilitating digital payments.
Funding Deals
Real estate decarbonization platform Accacia has secured $6.5 million in a pre-Series A funding round spearheaded by Illuminate Financial. Southeast Asia-based AC Ventures, along with existing investors Accel and B Capital, also participated in the round.
Tech-enabled delivery company BluWheelz has raised $1 million in a bridge funding round led by Venture Catalysts. The round also saw participation from FAAD, LetsVenture, and Chakra Growth Fund.
😇 Short Story: The Wisdom Within
In the quiet moments of reflection, Sarah found herself pondering the true essence of wisdom.
With each memory that surfaced, she realized that her experiences held the key to unlocking profound insights.
Guided by James Clear's wisdom, Sarah embraced the echoes of her past, transforming them into beacons of light that guided her toward greater understanding.
Tweet of the day🐥
As we journey through the corridors of wisdom, may we remember that every experience carries within it the seeds of enlightenment.
Thank you for joining us on this enlightening quest.
Stay tuned for our next edition as we continue to explore the boundless depths of wisdom together.
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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