Discover more from Rise & Shine ☀
Mamaearth's Global Expansion 🌍, Jio Financial's Profit Surge 📈
Mamaearth's Global Reach, Mojocare's Repayment Scandal, Insights into the Latest Funding Deals andmore.
Welcome to the newsletter! Here, you'll find the newest tech updates, startup insights, and inspiration.
Get ready to start your day the smart way!
If you've already joined, invite your friends to join as well!
Let's embark on this journey to knowledge and growth together!
ONDC Surges with Record Orders During India vs Pak World Cup Clash 🏆
During the intense India vs Pakistan cricket match, the government-backed Open Network for Digital Commerce (ONDC) witnessed a spike in retail orders, hitting a single-day record of 65,400 orders from 600 cities. Notably, 47% of these orders hailed from the food and beverages sector, showcasing a remarkable surge during the high-stakes game. 🏏📈
Mamaearth's Global Expansion 🌍
Honasa Consumer Ltd, the omnichannel personal care retailer, is gearing up for a renewed international push with its flagship brand, Mamaearth. The company, preparing to go public, has earmarked key markets such as Bangladesh, Malaysia, Vietnam, and Thailand for focused expansion efforts.💄🌱
Mojocare to Repay Investors Amidst Scandal 📉
In light of recent revelations where inflated revenue and sales figures were presented internally, beleaguered healthcare startup Mojocare has announced plans to return money to its investors. 💸
Jio Financial Services Q2 Profit Soars: ₹668.2 Crore 📈
Reliance Industries-backed Jio Financial Services posted a remarkable Q2 performance, with its net profit surging to ₹668.2 crore, doubling from the previous quarter. This impressive growth was fueled by increased income from operations, marking a strong start for the company post its listing on the stock exchanges in August. 💰
Spacetech startup AgniKul Cosmos has raised Rs 200 crore ($26.7 million) in its Series B round from Celesta Capital, Rocketship.vc, Artha Venture Fund, Artha Select Fund, and Mayfield India.
Leucine, a B2B SaaS platform for pharmaceutical companies, has raised $7 million in a Series A funding round led by Ecolab along with the participation of Pravega Ventures, Axilor Ventures, Techstars and others.
Rooftop solar company Freyr Energy has raised Rs 58 crore ($7 million) led by EDFI ElectriFI, an EU-funded impact investment facility managed by EDFI Management Company.
Plug-and-play analytics platform BIVA Analytics has secured $500K in a seed round led by Equanimity Ventures. The round also witnessed the participation of T-Hub, SucSeed Ventures, WarmUp Ventures and value additive angels.
Kitchenware and home decor brand P-TAL has raised Rs 4.33 crore in a Seed funding round led by Titan Capital along with participation from Anicut Capital, Mamaearth’s co-founder Ghazal Alagh, Sandeep Aggarwal, Shiprocket’s co-founder Vishesh Khurana, Ashutosh Valani, Priyank Shah, Bala Sarda, Deep & Mohit Bajaj, Ashish Tulsian and Arjun Vaidya.
Tweet of the day🐥
“We don’t have to be smarter than the rest. We have to be more disciplined than the rest.”
— Warren Buffett
Thanks for reading till the end!