Foxconn and HCL's Chip Venture in India 🚀
Foxconn and HCL's Chip Venture in India 🚀
Sun Pharma's $347.8M Taro Deal, SoftBank Exits Policybazaar, $35M for International Battery, Funding News and more.
Hello Bold Dreamers!
"It is not too late to do what you want to do—if you stop waiting for the time to be right."
- James Clear
Envision a life where the pursuit of your dreams is not bound by the ticking of the clock but propelled by the courage to act.
Join us as we explore the philosophy that it is never too late to embrace your aspirations—once you cease waiting for the perfect moment.
Get ready to break free from the shackles of procrastination and embark on the journey you've always envisioned.
Tech Updates
Foxconn, HCL group sign pact for chip packaging facility in India
IT conglomerate HCL group has tied up with Taiwanese contract manufacturer Hon Hai (Foxconn) to set up an outsourced assembly and testing unit (OSAT) for semiconductor chips in India.
Sun Pharma to buy remaining stake in Taro Pharma for $347.8 million
Sun Pharmaceutical Industries Limited of India announced its intention to acquire all outstanding shares of Taro Pharmaceutical Industries at a price of $43 per share in cash, the company announced on January 17. The offer from Sun Pharma totals approximately $347.8 million, according to Reuters calculations, and represents a 4.2% premium to Taro's closing share price.
SoftBank fully exits Policybazaar parent with $650 million returns
Japanese technology investor SoftBank has completely exited PB Fintech, the parent of insurance marketplace Policybazaar. The Masayoshi Son-led firm had infused nearly $200 million in PB Fintech and sold its remaining stake in a mid-December transaction for about Rs 914 crore.
International Battery Company raises $35 million led by RTP Global
Green-tech firm International Battery Company (IBC) has closed its maiden funding round at $35 million, led by RTP Global. The round saw participation from Beenext, Veda VC along with other strategic Korean and US investors and supply partners.
Funding Deals
Digital gaming and esports company Nazara Technologies has raised Rs 250 crore from Zerodha’s co-founders-backed Kamath Associates & NKSquared, ICICI Securities, Plutus Wealth Management, and others.
Social investment platform StockGro has raised Rs 205 crore in a debt round from Trifecta Ventures and Hindustan Media Ventures in two separate tranches.
Aerospace and defense manufacturing startup Jeh Aerospace has raised $2.75 million in a seed funding round led by General Catalyst along with participation from angel investors like Pratyush Kumar and Dwarkanath Srinivas.
Fetcch, a web3 payments and digital rewards infrastructure platform, has raised $1.5 million in its pre-seed round led by AppWorks Venture and Hashkey Capital with participation from LD Capital, Compute Ventures, M6 and GravityX Capital, NGC.
Medial, a professional social media platform, has raised $120K in its pre-seed round led by FirstCheque VC.
🎼 Short Story: The Symphony of Now
In a bustling town, a musician named Carlos lived by James Clear's wisdom, "It is not too late to do what you want to do—if you stop waiting for the time to be right."
Carlos, once hesitant to share his compositions, decided that the perfect moment was now.
The community, inspired by Carlos' courage, began to see that the symphony of life played most beautifully when individuals embraced their passions without delay.
Tweet of the day🐥
As we wrap up this edition, anticipate tomorrow's exploration into the philosophy that "the quality of your mind is the quality of your life."
Stay tuned for a fresh perspective that promises to elevate your thoughts and enhance the quality of your journey.
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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