Govt approves Chandrayaan-4, Venus Orbiter Mission🌌
Govt approves Chandrayaan-4, Venus Orbiter Mission🌌
Nazara raising $108 Mn, Festive season sales set to touch $12 bn, Madhuri Dixit buys shares of Swiggy, Funding Deals and more.
Good morning and welcome to Thursday’s edition of Rise & Shine!
“It’s the possibility of having a dream come true that makes life interesting.”
— Paulo Coelho
Today, Paulo Coelho’s quote invites us to reflect on the excitement and hope that dreams bring into our lives.
The possibility of achieving them adds richness to our journey.
It’s the belief that what we imagine might become reality that fuels our actions and keeps us moving forward, even through challenges. This sense of possibility adds meaning and purpose to our lives.
Tech Updates
Cabinet approves Chandrayaan-4, Venus Orbiter Mission
The Union Cabinet has approved India's fourth lunar mission, Chandrayaan-4, to bring lunar samples to Earth and is scheduled for after three years, IT minister Ashwini Vaishnaw said on Wednesday. The project is estimated to cost Rs 2,104 crore. The lunar spacecraft will comprise five modules arranged in two stacks. Indian Space Research Organisation (Isro) chairman S Somanath said, “Chandrayaan-4 mission is primarily targeted at going to the moon and coming back. The highlight of the mission will be coming back.” The Venus Orbiter Mission (VOM) has also been approved for Rs 1,236 crore, out of which Rs 824 crore will be spent on the spacecraft.
Nazara raising $108 Mn led by SBI MF; market cap reaches $1 Bn
Listed gaming and media firm Nazara Technologies has approved a Rs 900-crore preferential equity issue from a group of investors, including SBI Mutual Fund, Junomoneta Finsol, Think Investments, Discovery Investments, CaratLane founder Mithun Sacheti, Jaipur Gems CEO Siddhartha Sacheti, among others. This marks the largest fundraise by the Mumbai-based firm.
Online festive season sales set to touch $12 billion this year: report
Online festive season sales, in terms of gross merchandise value (GMV), will likely reach $12 billion this year, rising 23% from the previous year’s $9.7 billion, according to data from market research company Datum Intelligence. Quick commerce, in particular, may see gross sales of $1 billion during the festive month, the report said.
Madhuri Dixit buys shares of Swiggy ahead of IPO: Report
Actor Madhuri Dixit has picked up shares in online food delivery platform Swiggy ahead of its public market debut later this year, Moneycontrol reported, quoting sources. Dixit has bought shares in the secondary market along with Ritesh Malik, founder of Innov8.
Funding Deals
Fintech startup Kaleidofin has raised $13.8 million in a new round led by Rabo Partnerships B.V. Existing backers Michael & Susan Dell Foundation, Oikocredit, Omidyar Network India and Flourish have also participated in the round.
Blue collar recruitment platform Vahan.ai has raised $10 million in its Series B funding round led by Khosla Ventures. The round also saw participation from Y Combinator, US-based VC firm Gaingels, and Paytm founder Vijay Shekhar Sharma.
NowPurchase, a SaaS-enabled marketplace for metal manufacturers, has raised $6 million in equity and debt round led by Info Edge Ventures. Orios Ventures Partners, 100 Unicorns, VC Grid, as well as family offices and angel investors such as Dholakia Ventures, Real Ispat Group, Subhrakant Panda, Ankur Warikoo, and Kedar Lele, Capsave Finance and UC Inclusive also participated in the round.
Manufacturing supply chain visibility software AltiusHub has raised $2.25 million in a seed round of funding led by Endiya Partners along with participation from other investors.
Deeptech startup Proxgy has raised around $2.2 million in a funding round led by Manish Patel. Nikhil Kamath, Suniel Shetty, Kuldeep Mathur, and others also participated in the round.
Finance operations (FinOps) automation platform Bluecopa has raised $1.8 million in a pre-Series A funding round co-led by Blume Ventures, Dallas Venture Capital, and Venture Catalysts.
Mayank Bidawatka, co-founder of the vernacular microblogging platform Koo, is set to launch his new venture, Billion Hearts Software Technologies, in the coming months. The startup just closed a ~$250K angel round from founders of redBus, Ola, InMobi, and Myntra among others.
🧱 Short Story: The Aspiring Architect
Lily, an aspiring architect, spent years studying and honing her craft. The long hours of coursework and projects were often grueling, but what kept her going was the dream of one day seeing her designs come to life.
She imagined people living and working in the spaces she created, and that vision fueled her through every late-night study session and every setback.
One day, after much perseverance, she landed her first major project. Standing in front of the completed building she designed, Lily realized that the years of effort had been made worthwhile by the possibility of this moment.
The dream coming true had indeed made her life not only interesting but deeply fulfilling.
Tweet of the day🐥
Today, take a moment to appreciate the dreams that inspire you. It's the possibility of realizing them that gives meaning to the hard work and challenges along the way.
Rise & Shine is here to remind you that pursuing your dreams is what makes life full of excitement and purpose.
Have an inspiring and dream-driven Thursday!
Thanks for reading till the end!