JioCinema cuts premium price to nearly ₹1/day🎬
Biden signs bill to ban TikTok, Flipkart’s Blockchain, PhonePe’s Pincode exits non-food categories, Funding Deals and more.
Dear Readers, welcome to another inspiring edition of Rise & Shine!
"Inspiration is merely the reward for working every day."
- Charles Baudelaire
Let us embrace each day as an opportunity to cultivate inspiration through our unwavering commitment to our craft.
Join us as we uncover the transformative power of daily practice and hard work in our pursuit of excellence.
Tech Updates
Flipkart’s Blockchain-based FireDrops seeks more use cases
Flipkart's Web3 and blockchain explorations, launched via Flipkart Labs in 2023, are expanding beyond the metaverse and non-fungible tokens (NFTs). In a gamified twist, Flipkart offers an engagement platform where brands can create quests for users to solve. These quests reward users with NFTs that function as discounts at checkout. They can be traded between users as well.
PhonePe’s Pincode exits non-food categories in ecommerce biz rejig
PhonePe’s Pincode is exiting several categories like fashion, grocery and electronics, except for food delivery, on the Open Network for Digital Commerce (ONDC). According to an internal note reviewed, Pincode will only be subscribed to ONDC domains of food delivery and unreserved travel ticketing from April 23, 2024.
Ambani's JioCinema cuts premium price to nearly ₹1/day, intensifies competition
Mukesh Ambani's streaming platform JioCinema on April 25 announced a significant two-third reduction in prices for its premium services. JioCinema premium will now be available for as low as ₹29 per month, in a bid to amplify the competition with streaming giants such as Netflix and Amazon Prime.
Joe Biden signs bill to ban TikTok in US unless it is sold
On Wednesday, US President Joe Biden has signed into law measures that would ban Chinese-owned TikTok unless it is sold to any US company within a year. TikTok has responded in a statement posted on X (formerly Twitter), “This unconstitutional law is a TikTok ban, and we will challenge it in court...This ban would devastate seven million businesses and silence 170 million Americans.”
Funding Deals
LetsTransport, a trucking aggregator for enterprises, has raised $22 million in its Series E funding round led by Bertelsmann India Investments. Rebright Partners, NB Ventures, ALES Global, Stride Ventures, CAC Capital, and others also participated in the round.
Tamil Nadu-based agri-finance company Samunnati has raised $5 million in debt funding from Enabling Qapital, a global impact investment firm.
Plane, an open-source project management platform, has secured $4 million in a Seed round funding from OSS Capital.
Enterprise tech startup Clueso has raised $1.4 Mn (about Rs 11.6 Cr) in its seed funding round, led by f7 ventures. The round also saw participation from existing backer Y Combinator.
Karban Envirotech, a startup that manufactures energy-efficient electronic appliances, has raised Rs 8.93 crore ($1.07 million) in a seed round led by Titan Capital, Rainmatter and All In Capital.
🌱 Short Story: Cultivating Inspiration
In the bustling streets of the city, Sarah found herself yearning for inspiration.
Amidst the chaos of daily life, she stumbled upon the words of Charles Baudelaire, realizing that inspiration was not an elusive muse but a reward for her persistent efforts.
With renewed vigor, Sarah committed herself to the daily grind, knowing that each step she took brought her closer to her creative vision.
Tweet of the day🐥
As we embark on our journey of growth and creativity, let us remember that inspiration is not found in moments of idleness but in the diligent pursuit of our goals.
Thank you for joining us on this quest for inspiration and excellence.
Stay tuned for our next edition as we continue to explore the power of dedication and hard work.
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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