Mamaearth's revenue rises 21%🌍
Mamaearth's revenue rises 21%🌍
Go Digit gains 12%, Noise acquires SocialBoat, CashFlo acquires Logitax, Funding Deals, Rafaels' story and more.
Happy Friday, and welcome to the latest edition of Rise & Shine!
"The measure of how much you love something is what you sacrifice for it."
- Naval
As we end the week, it’s a perfect time to reflect on the things we cherish most and the sacrifices we are willing to make for them.
Naval’s words invite us to consider the depth of our passions and commitments.
Whether it’s our relationships, careers, or personal projects, the measure of our love is often reflected in the sacrifices we make.
Tech Updates
Mamaearth parent Honasa Consumer revenue up 21% for the March quarter
Honasa Consumer, which owns brands such as Mamaearth, The Derma Co, Dr Sheth’s and Aqualogica, reported a 21% increase in its operating revenue for Q4 FY24. The company’s management expects a growth of over 20% in FY25. Operating revenue for January-March came in at Rs 471 crore, up 21% on year
Go Digit lists on exchanges, gain 12% on the issue price
Go Digit General Insurance Ltd made its stock market debut on Thursday, listing at a 5.15% premium to its issue price of Rs 272 on the National Stock Exchange. On the BSE, the stock opened at a 3.35% premium. Hitting the bourses: The stock touched an intra-day high of Rs 314 on the BSE, before closing at Rs 305.75, up 12.4% from its issue price.
Noise acquires AI-focused women’s wellness startup SocialBoat
Electronics wearables brand Noise has acquired an AI-powered women’s wellness platform SocialBoat for an undisclosed amount. SocialBoat’s women's health technology expertise will significantly accelerate Noise's innovation trajectory in the smart rings space.
CashFlo acquires Logitax to expand its finance automation and compliance suite
B2B fintech startup Cashflo has acquired GST compliance platform Logitax for an undisclosed amount. The deal is aimed at strengthening the firm’s accounts payable automation and supply chain financing platform.
Funding Deals
UnifyApps has raised $11 million in its seed round led by Elevation Capital, along with participation from the founders and angel investors.
Digital fitness and wellness technology startup Portl has raised $3 million in a new round led by Bharat Innovation Fund. This round also saw participation from existing investor Kalaari Capital and new investor T-Hub Foundation.
Fintech startup ProsParity has raised $2 million in its pre-seed round from global institutional investors such as BEENEXT, Sparrow Capital, All In Capital, DeVC, and Huddle Ventures.
Honasa Consumer, the parent of beauty and personal care brand Mamaearth, has acquired Cosmogenesis Laboratories, a research and development platform specializing in cosmetics, particularly natural and organic products for Rs 4 crores.
Premium tea brand Freshleaf has raised Rs 1 crore in its seed round led by Inflection Point Ventures.
🎵 Short Story: The Musician’s Dedication
In a small village, a young musician named Rafael dreamed of becoming a renowned violinist.
Despite his family’s financial struggles, he worked odd jobs and saved every penny to buy a quality violin.
Rafael sacrificed his leisure time, dedicating countless hours to practice. His hard work paid off when he earned a scholarship to a prestigious music academy.
Rafael’s story shows that true passion is measured by the sacrifices we are willing to make.
Tweet of the day🐥
As we reflect on Naval’s insightful quote, let’s think about the things we truly love and the sacrifices we make for them.
Whether it’s time, effort, or comfort, these sacrifices are the true measure of our passion and dedication.
Let’s honor our commitments and cherish the journey, knowing that our sacrifices bring us closer to what we love most.
Have a fulfilling and reflective Friday!
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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