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Groww's Challenge to Zerodha📈, Meta's AI Invasion🤖
OlaMoney's Remarkable Turnaround, Trifecta Capital's Venture Debt Triumph, Apple's Ambitious Production Surge, Funding Deals and more.
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Groww Set to Overtake Zerodha in Active Investors Count 💥
The stock trading arena is about to witness a thrilling showdown as fintech firm Groww prepares to dethrone Zerodha from its long-held leadership position. With an astounding growth rate and already boasting 6.2 million active clients in August, all signs point to Groww surging past Zerodha's 6.3 million figure this month, marking a significant shift in the landscape of stock broking. 📊
OlaMoney Turns Profitable in FY22 with 2.5X Growth 📈
OlaMoney, the fintech sensation, has emerged victorious in the fiscal year 2022, marking a major milestone by achieving profitability. With a remarkable 2.5 times growth in scale, OlaMoney's revenue from operations skyrocketed by 157%, surging to a whopping Rs 110 crore in the fiscal year ending March 2022, a colossal leap from the previous year's Rs 42.8 crore. 💹🎉
Meta's AI Chatbot Squad: Get Ready for a Gen AI Persona Invasion🚀
Meta, the tech titan formerly known as Facebook, is stepping up its game in the AI chatbot arena. In an exciting move, they're about to unleash 'Gen AI Personas,' a fleet of generative AI chatbots specifically tailored for younger users. The stage is set, and the curtain is about to rise at the 'Meta Connect' event, kicking off this week.🤖
Trifecta Capital: Raking in ₹1,777 Crores for Venture Debt💰
Trifecta Capital, the venture debt maestro, has once again dazzled the investment arena. They've not only achieved the final close of their third debt fund but have done so with remarkable finesse, amassing a whopping ₹1,777 crores (around $213 million). This fund proved so enticing that it sailed past its initial target of ₹1,500 crores with ease.🤩
Apple Plans to Boost Production by 5X🍏
Apple, the tech giant behind iPhones, has grand ambitions in India. Over the next 4-5 years, Apple is set to turbocharge its production activities in India, with the goal of reaching a staggering $40 billion (around 3.32 lakh crore) production mark. This represents more than a five-fold increase from its already impressive $7 billion production achievement in the previous fiscal year. 📱
Agritech platform Ergos has raised $10 million in a Series B round led by Abler Nordic, a Norway based financial inclusion fund focused on African and Asian markets. The company’s existing investors, Aavishkaar Capital, Chiratae Ventures and Trifecta Venture also poured in some capital.
Private equity firm Paragon Partners has invested Rs 50 crore in Everest Fleet which will be deployed to accelerate the fleet management provider's growth and expansion into new markets.
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