Jio’s AI strategy against the dominance of Big Tech⚔️
Jio’s AI strategy against the dominance of Big Tech⚔️
Hindustan Composites invests in Swiggy, OfBusiness plans up to $1 billion India IPO, India to have 150 fintech unicorns, Funding Deals and more.
Good morning and welcome to Wednesday’s edition of Rise & Shine!
“Strive not to be a success, but rather to be of value."
— Albert Einstein
Today, Einstein reminds us that true fulfillment comes not from the accolades of success, but from the value we create and our contributions.
It encourages us to consider how our actions, work, and presence can enrich the lives of others and contribute to the greater good.
Tech Updates
Reliance Jio’s latest AI strategy could disrupt the dominance of Big Tech
Reliance Industries (RIL) chairman Mukesh Ambani announced several AI offerings by Reliance Jio, which industry watchers say will disrupt the field so far dominated by Silicon Valley giants.
RIL is transforming itself into a deeptech company, Ambani said at the annual general meeting, terming AI a transformative event in the evolution of the human race.
Reliance Jio’s 100 GB free cloud storage takes on Google One and Apple’s iCloud dominance. Not only could this force the market leaders to cut their prices, it also gives the company access to massive user data
What Google and other AI startups spent big money in doing, Jio might achieve for free. With its call recording and transcription feature, the company can collect speech data in all Indian languages, dialects
Jio also plans to build an AI data centre in Jamnagar
Hindustan Composites invests Rs 5.2 crore in Swiggy
Automobile materials manufacturer Hindustan Composites Ltd said it has invested Rs 5.17 crore in public markets-bound Swiggy.
The company purchased 1.5 lakh shares of Swiggy, it said in an exchange filing.
SoftBank-backed OfBusiness plans up to $1 billion India IPO, executive says
SoftBank-backed business-to-business (B2B) ecommerce platform OfBusiness is preparing for a potential $1 billion stock market debut. The company is in talks with Bank of America, Citi, JP Morgan and Morgan Stanley to manage the offer, and plans to list on the Indian bourses in the second half of 2025
India to have 150 fintech unicorns with combined $500 billion valuation by 2030: Report
India is projected to have 150 fintech unicorns with a combined valuation of $500 billion by 2030, with segments like payments, lending, insurtech, wealthtech, and neobanking poised for multifold growth, a report by investment banking firm JM Financial and venture capital firm Beams Fintech Fund said.
Funding Deals
Nutrition-focused brand TruNativ which sells nutritional products like Everyday Protein, Everyday Fibre, and Everyday Sweetener has raised Rs 25 crore in this round led by Rainmatter Capital with Rs 10 Cr.
Digital-first western fashion brand Theater has raised $1.5 million in pre-Series A funding round led by Prath Ventures along with participation from existing angel investors.
Water recycling startup Boson Whitewater which helps treat excess sewerage treatment plant (STP) water into potable water secured Rs 10 crore in equity funding from Zerodha-backed early-stage venture firm Rainmatter.
AI-based EPC and Manufacturing marketplace Mytek Innovations has secured Rs 6 crore in a debt funding round.
Cleantech startup ReCircle has raised an undisclosed amount of investment in a bridge funding round co-led by Venture Catalysts, Mumbai Angels, and high-net-worth individuals (HNIs).
0xPPL, a platform dedicated to social networking in the on-chain world, has raised its strategic funding round led by AllianceDAO, Anagram, and Peak XV Partners for an undisclosed amount.
🧑🏻⚕️ Short Story: The Community Doctor
Dr. Lena, a dedicated physician in a bustling city hospital, always remembered Einstein’s words. While many of her peers pursued prestigious positions and high salaries, Lena chose to work in an underserved community where access to healthcare was limited.
Her decision didn't come with fame or an impressive income, but it brought her a deep sense of purpose. Lena developed community health programs, educated residents about preventive care, and treated countless patients who otherwise might not have received medical attention. Her impact was profound and long-lasting, improving the health and well-being of the entire community.
Years later, Lena’s value was recognized not through awards or public accolades, but in the healthier lives of the people she served and the grateful smiles she received daily. Her career exemplified Einstein’s ideal, showing that being of value offers a more sustainable and fulfilling form of success.
Tweet of the day🐥
Today, as you consider your own goals and the impact of your work, think about ways to add value to those around you. Whether it’s through your job, volunteering, or simple acts of kindness, every effort counts.
Rise & Shine inspires you to focus on the significance of what you do, not just the success it may bring.
Have a meaningful and value-driven Wednesday!
Thanks for reading till the end!