InCred turns unicorn🦄, Ola Electric files DRHP📊
InCred turns unicorn🦄, Ola Electric files DRHP📊
SoftBank sells more of its FirstCry stake, Funding Deals and the key to mastering the uncontrollable.
Hello folks 👋🏻,
Welcome to Rise & Shine, where we delve into the profound wisdom of Epictetus, exploring the transformative power of letting go of the illusion of control.
"The more we value things outside our control, the less control we have."
— Epictetus
In the dance of life, these words serve as a guiding principle, inviting us to focus our energy on aspects within our influence.
Join us as we embark on a journey of surrender, understanding that releasing attachment to external factors empowers us to navigate the currents of life with greater resilience and tranquility.
In this edition, let's explore the art of letting go, where the decision to value the controllable becomes the key to mastering the uncontrollable.
Tech Updates
InCred turns unicorn after raising $60 Mn
Fintech firm InCred has finally turned unicorn after raising $60 million in a Series D round from new and existing investors. It has become the second company after Zepto to gain unicorn status this year.
SoftBank fund sells more of its FirstCry stake ahead of IPO
SoftBank Vision Fund, the largest shareholder in IPO-bound omnichannel retailer FirstCry, has sold additional shares in the company, paving the way for more family offices and individuals to pick up a stake in the firm. Family offices of Indian cricketer Sachin Tendulkar, Ravi Modi of ethnic wear brand Manyavar, Infosys cofounder Kris Gopalakrishnan, and TVS group family are among those buying into the company.
Ola Electric files DRHP with SEBI, to raise Rs 5,500 Cr via fresh issue
Electric vehicle firm Ola Electric has filed its draft red herring prospectus (DRHP) with the Security Exchange Board of India (SEBI) for an initial public offering (IPO). The company has proposed to raise funds through a fresh issue of equity shares aggregating up to Rs 5,500 crore and an offer for sale (OFS) of up to 95,191,195 equity shares.
Funding Deals
Cloud kitchen startup Kitchens@ has raised $65 million from London-based private equity firm Finnest as part of the former’s Series C funding round.
Full-stack horticulture firm Fasal has raised Rs 100 crore (approximately $12 million) in its Series A round led by TDK Ventures and British International Investment (BII). The round also saw participation from all existing investors including 3one4 Capital, Omnivore, Wavemaker Partners, Genting Ventures, and The Yield Labs Asia Pacific.
Express logistics and supply chain solutions startup Oxyzen Express has raised $3 million (Rs 25 crore) in the second tranche of its seed capital round from Tamil Nadu Emerging Sector Seed Fund and SNAM Group of Companies as lead investors.
🌊 Short Story: The River of Control
In a serene valley, there flowed a river named Harmony. The villagers, inspired by the teachings of Epictetus, realized that their lives mirrored the river's course. They began to discern between the controllable and the uncontrollable, understanding that the more they valued the unpredictable bends and turns, the less control they had over the river's flow.
Embracing this philosophy, the villagers learned to navigate the currents with grace. By valuing their actions and responses, they discovered a sense of tranquility, flowing harmoniously with the river of life.
Tweet of the day🐥
As we bid farewell to this edition of Rise & Shine, carry with you the transformative insight of Epictetus: "The more we value things outside our control, the less control we have."
Embrace the journey of tranquil surrender, focusing on the controllable aspects of life and allowing the uncontrollable to flow.
Thank you for being part of our community, where together, we explore the art of letting go and find strength in mastering the currents of the unpredictable.
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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