Jio Financial launches app📱
Agnikul carries out successful test flight, Oyo posts maiden annual profit, Reliance starts ONDC pilot, Funding Deals and more.
Good morning and happy Friday!
“The greatest remedy for anger is delay.”
- Seneca
As we conclude the week, today's quote from Seneca offers profound insight into managing our emotions.
Let’s explore how a simple pause can transform our reactions and lead to a more peaceful life.
Tech Updates
Jio Financial Services launches app to take on its fintech rivals
Jio Financial Services (JFSL) has launched a new app named Jio Finance which is poised to compete with other major fintech applications. Jio Finance will offer UPI payments, bill payments, insurance advisory, and digital banking. Eventually, Jio Financial Services will offer credit products like loans against mutual funds, home loans, and others to its customers through the app.
Agnikul carries out successful sub-orbital test flight of Agnibaan rocket
After four failed attempts, space startup Agnikul Cosmos’ Agnibaan rocket finally lifted off on its test flight Thursday. The indigenously designed rocket features a single-piece, 3D-printed engine. The launch also marked India's first semi-cryogenic engine-powered test rocket launch.
Oyo posts maiden annual net profit of Rs 100 crore in FY24
Oyo founder and CEO Ritesh Agarwal said the company had logged its maiden annual net profit of nearly Rs 100 crore in FY24. “This (January-March) was our eighth consecutive quarter of a positive EBITDA and we also have a cash balance of about Rs 1,000 crore,” Agarwal said.
Reliance Retail starts ONDC pilot through Fynd with one seller store
Reliance Retail Ventures Ltd (RRVL) has launched a pilot program on the government-backed Open Network for Digital Commerce (ONDC) through Fynd, an omnichannel retail platform where the Reliance Industries unit has a stake.
Funding Deals
Fast fashion omnichannel ethnic wear brand Libas has raised Rs 150 crore ($18 million) by IAF Series 5, a fund managed by ICICI Venture.
Wealth management platform Wealthy has raised Rs 45 crore ($5.4 million) in a new round led by Falcon Edge’s Alpha Wave Incubation Fund.
Agritech startup Fyllo has raised $4 million in a fresh funding round led by India Quotient and SIDBI Ventures. Existing investors Triveni Trusts, IAN, and KIAORA participated in the round.
New-age e-commerce startup Logistiex has raised $250,000 in its bridge round led by PACE Family Office, with contributions from notable angel investors, including Siddhant Khemka.
⏸️ Short Story: The Power of the Pause
Mark was known for his quick temper. A minor mistake often triggered an outburst at work, leaving his colleagues wary.
One day, his mentor advised him to count to ten whenever he felt anger rising. Skeptical but desperate for change, Mark decided to try it.
The next time a report came in late, Mark felt the familiar surge of anger.
Instead of reacting, he took a deep breath and counted to ten. By the time he finished, his anger had subsided enough for him to address the issue calmly.
This small delay allowed Mark to respond thoughtfully, improving his relationships and peace of mind.
Tweet of the day🐥
As we go through our day, let’s remember the wisdom in pausing when anger arises.
This simple act of delaying our response can lead to more constructive and harmonious interactions.
Here’s to embracing patience and finding calm amidst the chaos.
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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