Groww expands lead over Zerodha📈
Amazon Seller Services revenue grows 14%, Unicommerce to take on Shiprocket, Bitcoin rally nears $90,000, Funding Deals and more.
Good morning and welcome to Tuesday’s edition of Rise & Shine!
"If you prioritize yourself, you are going to save yourself."
— Gabrielle Union
Today, Gabrielle Union’s words remind us of the importance of self-care and self-prioritization. Taking care of ourselves isn’t selfish—it’s essential.
When we neglect ourselves, we risk burnout and dissatisfaction. True resilience and happiness come from making our needs a priority.
Tech Updates
Groww expands lead over Zerodha with 12.59 Mn active users in October
Bengaluru-based stock broker Groww has surpassed the 1.25 crore (12.59 million) mark in active traders in October, driven by the addition of around 3.5 lakh users in a single month, according to data from the National Stock Exchange (NSE). Zerodha, Groww’s closest competitor, had approximately 80.6 lakh (8.06 million) active investors as of last month. Groww overtook Zerodha in October last year and has held the top position ever since.
Amazon Seller Services revenue grows 14% in FY24, pares net loss by 28%
Amazon Seller Services, the Indian marketplace entity of the ecommerce giant, posted a 14% rise in operating revenue in FY24, and cut its net loss by 28%. Operating revenue at Rs 25,406 crore. Amazon Seller Services generates most of its revenue from third-party seller services, subscriptions including Amazon Prime, and other marketplace-related services such as advertising and marketing support to affiliates.
Unicommerce to take on Shiprocket with acquisition of Shipway
E-commerce enablement SaaS platform Unicommerce has announced the acquisition of Shipway, a Gurugram-based e-commerce technology platform. While Shiprocket dominates the space, Shipway managed significant growth in the past few years and now expanded its horizon with Shipway Xperience and SMS-WhatsApp marketing tool The Convert Way. In the first tranche of the deal, Unicommerce is acquiring a 42.76% stake in Shipway for a cash consideration of Rs 68.4 crore ($8.14 million).
Record-breaking bitcoin rally nears $90,000 on Trump boost
Bitcoin stood on the verge of $90,000 on Tuesday, riding a wave of euphoria since the election of Donald Trump as U.S. president on expectations his administration will be crypto friendly. The world's biggest cryptocurrency has become one of the most eye-catching movers in the week since the election and touched $89,637 in Asia - a gain of more than 25% since Nov 5.
Funding Deals
Edtech startup Bhanzu raised $16.5 million (Rs 139 crore) in a funding round led by venture capital firm Epiq Capital at a valuation of about $120-122 million.
Semi-urban commerce platform Wheelocity has raised $15 million in an extended Series A funding round led by existing investor Lightspeed, with participation from Alteria Capital, Anicut Capital, and the company’s founder.
Houseplants and urban gardening brand Ugaoo has raised Rs 47 crore ($5.6 million) in its Series A funding round led by V3 Ventures, with participation from existing investors DSG Consumer Partners and RPG Ventures.
Admissions as a service platform Creanovation Technologies Pvt. Ltd (CTPL) has raised Rs 5 crore from growth-stage focused Physis Capital.
😸 Short Story: The Empowered Caregiver
Jessica, a dedicated social worker, spent years prioritizing the needs of her clients and family over her own well-being. Eventually, she felt drained and unmotivated.
After hearing Union’s quote, Jessica realized that taking time for herself wasn’t selfish—it was necessary. She began setting boundaries, taking regular breaks, and dedicating time to her passions.
By prioritizing herself, Jessica found renewed energy and joy in her work, allowing her to better support those around her.
Tweet of the day🐥
As you go through your day, remember that prioritizing yourself is an act of self-respect and self-preservation. Take time to care for your own needs and well-being.
Rise & Shine encourages you to make yourself a priority, knowing that it’s the first step to living a balanced and fulfilling life.
Have a self-empowering Tuesday!
Thanks for reading till the end!