Jio Fin m-cap crosses Rs 2 Lakh Cr🚀
Govt eases FDI rules- boosts spacetech, RBI's credit platform, Google to make PIxel in India, Funding Deals and more.
Hello, Seekers of Knowledge and Champions of Growth!
“Learning is not child's play; we cannot learn without pain.”
- Aristotle
Envision a learning journey where growth isn't without its challenges, where each obstacle faced is an opportunity for profound insight and personal development.
Join us as we explore the transformative philosophy that true learning requires courage, resilience, and a willingness to embrace discomfort.
Get ready to unlock the secrets of wisdom and uncover the treasures of knowledge.
Tech Updates
Jio Financial Services’ share price jumps 14% to a record high; market cap crosses ₹2 lakh crore
io Financial Services share price jumped more than 14% to hit a record high on Friday, extending the rally for the fifth consecutive session. Jio Financial shares surged as much as 14.50% to hit a record high of ₹347 apiece on the BSE.
Space companies shoot for the moon as govt eases FDI rules
Space sector startups involved in satellite manufacturing, launch vehicle operations, and component manufacturing are set to gain from the latest amendments to the foreign direct investment (FDI) rules for India’s space sector.
RBI pushing UPI-like credit platform for farmers, MSMEs
The Reserve Bank of India (RBI) wants to change that and is adopting the same strategy that it did with UPI and digital payments. Around Rs 3,500 crore worth of loans have been disbursed by the banks through the open ecosystem for credit disbursement which is being built by the RBI through RBIH (Reserve Bank Innovation Hub).
Google to make Pixel smartphones in India by next quarter: report
After Apple iPhones, it might soon be made-in-India Google’s Pixel smartphones. In a major push to the government’s Make in India initiative, Alphabet’s Google is set to begin manufacturing its flagship smartphone Google Pixel in India by the next quarter, according to a report.
Funding Deals
Yulu, an electric two-wheeler company, has raised $19.25 million (about Rs 160 crore) in equity funding from existing investors Magna and Bajaj Auto Ltd.
Climate tech startup Varaha has raised $8.7 million as a part of its latest funding round led by RTP Global. The round also saw participation from existing investors Omnivore, Orios Venture Partners and Japanese cooperative bank, Norinchukin Bank.
Education-focused NBFC Auxilo has raised Rs 50 crore (approximately $6 million) in non-convertible debt from AK Capital Finance.
Food tech platform Ghost Kitchens India has raised $5 million in its Series A round, a mix of equity and debt. The round was led by GVFL Limited with participation from NB Ventures, LetsVenture, and Lead Angels. Existing investors Yuj Ventures, Dholakia Ventures, and actor Rana Daggubati also participated in this round.
Kusho, a startup building AI agents to supercharge software reliability, has raised $600K in pre-seed funding led by Antler India. The round also saw participation from Blume Founders Fund, UpSparks Capital, and angels such as Mohit Kumar and Vatsal Singhal (co-founders, Ultrahuman), and Ashok Hariharan (CEO, IDfy), among others.
Influencer marketing platform Starbuzz.ai has secured $500,000 (about Rs 4.15 crore) in its seed funding round from an undisclosed investor. The startup has been incubated by Hyderabad-based T-Hub.
Indic Wisdom, an agri-produce startup, has raised Rs 4 crore in pre-Series A round led by Inflection Point Ventures. Mahendra Sankhe, Launch Capital, Bifco Finance, and other HNIs also participated in the round.
Influencer marketplace Flytant has raised an undisclosed amount in its seed round led by the innovative digital Investment Platform Shuru-Up, based in Ahmedabad.
🚌 Short Story: The Journey of Wisdom
In a vibrant city, a scholar named Alex lived by the wisdom, "Learning is not child's play; we cannot learn without pain."
Alex, embracing the challenges of intellectual pursuit, inspired the community to see that true growth came from facing adversity with courage and resilience.
Inspired by Alex's thirst for knowledge, the city began to see that true wisdom was forged in the fires of experience and nurtured by the lessons learned through adversity.
Tweet of the day🐥
As we conclude this edition, reflect on the significance of your own journey of learning and growth.
Thank you for being part of our community, where together, we embrace the challenges of knowledge and celebrate the rewards of wisdom.
Stay tuned for next week's exploration into new philosophies that promise to inspire and guide us on our continuous growth 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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