JioHotstar domain finally with Ambani's Viacom 18📺
Swiggy posts Rs 3600 Cr revenue in Q2, Amazon acquires Mumbai land worth ₹450 cr, Varun Alagh buys 1.8 lakh shares of Honasa Consumer, Funding Deals and more.
Good morning and welcome to Wednesday’s edition of Rise & Shine!
"The secret of genius is to carry the spirit of the child into old age, which means never losing your enthusiasm.”
— Aldous Huxley
Today, Aldous Huxley’s inspiring words remind us that the key to creativity, joy, and innovation lies in embracing the childlike wonder and enthusiasm that fuel our curiosity and passion.
Enthusiasm isn’t just for the young—it’s a lifelong tool for genius and joy.
Tech Updates
Swiggy posts Rs 3,600 Cr revenue in Q2; Instamart contributes 13.6%
Foodtech and quick commerce giant Swiggy has managed a 30.3% quarter-on-quarter growth in its operating revenue which spiked to Rs 3,601 crore during Q2 FY25 compared to Rs 2,763 crore Q2 FY24. This growth was largely driven by the expansion of its quick commerce businesses which grew 135% in the last quarter. Swiggy’s food delivery business is a major contributor, accounting for 43.7% of the total collection in Q2 FY25. Revenues from this vertical grew 23% to Rs 1,575 crore from Rs 1,281 crore in Q2 FY24.
JioHotstar domain finally with Mukesh Ambani's Viacom 18
The website jiohotstar.com, a domain of now merged groups Reliance Jio and Disney Hotstar, is finally with Viacom18 Media Pvt. Ltd., ending claims of ownership by a Delhi man and Dubai siblings.
Amazon India acquires Mumbai land worth ₹450 crore from Lodha Group to set up data centres
Amazon India acquired a 38.18-acre land parcel from real estate developer Lodha Group for over ₹450 crore to develop a hyper-scale data centre in Palava, near Mumbai. Lodha is listed in the Indian stock market as Macrotech Developers. Amazon Data Services India, a subsidiary of Amazon India, will get access to the already-sanctioned floor space index, which has a permissible development potential of nearly 4.16 million sq ft, as per the report.
Mamaearth’s Varun Alagh buys 1.8 lakh shares of Honasa Consumer for Rs 4.6 crore
Mamaearth CEO Varun Alagh purchased 1.8 lakh shares of the company in November, according to information sourced from the National Stock Exchange (NSE). The stock price of Mamaearth parent company Honasa Consumer took a beating post poor Q2 results. The company is facing challenges in its offline distribution channel as well.
Funding Deals
Wealthtech startup ZFunds has secured Rs 25 crore ($3 million) in a new round led by Elevation Capital and participation from PB Fintech group chief executive officer (CEO) Yashish Dahiya, in its first major institutional funding round.
Agrileaf, a manufacturer and exporter of biodegradable dinnerware, has bagged ₹16 crore in a growth funding round led by Capital-A and Samarsh Capital.
Amagi, a cloud media SaaS technology firm, has announced the acquisition of Argoid AI, an AI company specializing in recommendation engines and programming automation for OTT platforms.
🪛 Short Story: The Playful Innovator
Mark, a retired engineer, rediscovered his love for tinkering with gadgets while babysitting his granddaughter. Watching her curiosity sparked his own, and he began experimenting with small inventions in his free time.
What started as playful projects soon became meaningful innovations, including a device to help seniors live more independently.
By embracing his childlike curiosity, Mark found a new purpose and proved that enthusiasm is a wellspring of genius at any age.
Tweet of the day🐥
As you go through your day, nurture the curiosity and wonder you had as a child. Let enthusiasm guide you to explore, create, and enjoy the journey.
Rise & Shine is here to remind you that the spirit of a child is the secret to living with passion and innovation.
Have a curious and enthusiastic Wednesday!
Thanks for reading till the end!