Modi meets top tech CEOs🧑🏻💻
Modi meets top tech CEOs🧑🏻💻
Infibeam entering UPI payments, Firstsource acquires UK-based Ascensos, Mobikwik's Rs 700 crore IPO, Funding Deals and more.
Good morning and welcome to Tuesday’s edition of Rise & Shine!
“Never stop doing your best just because someone doesn’t give you credit.”
— Kamari, a.k.a. Lyrikal
Today, Kamari's quote reminds us that our efforts should be fueled by personal integrity and pride in our work, not by the approval or recognition of others.
Recognition may or may not come, but our commitment to excellence should never waver.
Tech Updates
PM Modi meets top tech CEOs Jensen Huang, Sundar Pichai, others in the US
Prime Minister Narendra Modi has a clear vision in terms of the opportunity that artificial intelligence (AI) will create and is challenging companies like Google to do more in India, Alphabet chief executive officer Sundar Pichai said. Modi, on a three-day visit to the US, engaged in a roundtable discussion with the CEOs of leading American tech companies, highlighting India's growth prospects and exploring initiatives to enhance bilateral collaboration across various sectors.
Infibeam entering UPI payments with new app RediffPay
Infibeam Avenues Limited is planning to enter the unified payments interface (UPI) market with its new payment app, RediffPay. This move would position Infibeam Avenues among well-established competitors like PhonePe, Paytm, Google Pay, and MobiKwik in the UPI space. Infibeam Avenues acquired 54% stake in Rediff.com India.
Firstsource acquires UK-based Ascensos for $56 million
RP-Sanjiv Goenka group’s Firstsource solutions Monday acquired UK-based customer experience outsourcing partner for retail and eCommerce businesses, Ascensos for a consideration of £42 million ($55.9 million).
Mobikwik secures Sebi nod for Rs 700 crore public offer
Gurugram-based fintech Mobikwik has secured the Securities and Exchange Board of India’s (Sebi) approval for its planned public listing. The company had filed its draft prospectus in January this year, looking to raise Rs 700 crore through a fresh issue of shares.
Funding Deals
Application programming interface (API) infrastructure platform M2P Fintech has raised Rs 850 crore (around $101.8 million) through a primary and secondary financing round led by Helios Investment Partners.
Indian startup Qure.AI raised $65 million from investors led by Lightspeed Venture Partners and 360 ONE Asset Management, gaining funds to expand and develop its products that use artificial intelligence to help detect diseases.
Myntra founder Mukesh Bansal has launched a new artificial intelligence (AI) venture, Nurix AI has raised $27.5 million in a seed round of funding from Accel and Silicon Valley fund General Catalyst.
Visa processing platform Atlys has raised $20 million in its Series B funding round, co-led by Peak XV Partners and Elevation Capital. The round saw participation from existing investors, alongside new investors such as DST Global and Headline.
Homegrown D2C ayurvedic nutrition brand Kapiva has raised Rs 83.5 crore (approximately $10 million) led by OrbiMed Asia with the participation of 3One4 Capital and Vertex Ventures.
Tuco Intelligent, a kids’ personal care brand, has raised $2 million in its seed round led by Fireside Ventures and Whiteboard Capital. The round also saw the participation of the Ashish Goenka-led Suashish Group and angel investors such as Vijay Nehra, and Arjun Purkayastha, and early backers of brands like Mamaearth, Sugar, Pilgrim, Whole Truth, and Mokobara.
Pepsales, a software-as-a-service (SaaS) platform for sales teams, has raised $1.1 million in a funding round led by venture capital firm Chiratae Ventures.
Defense robotics startup Sharang Shakti has secured Rs 5 crore in a pre-seed funding round co-led by AUM Ventures and Venture Highway along with participation from the JK Group’s Family office, Appreciate Capital and other angel investors.
🤝🏻 Short Story: The Unnoticed Effort
Carla, a hardworking member of a nonprofit organization, often went the extra mile for projects. However, despite her dedication, her contributions were rarely acknowledged in team meetings or annual reviews. Frustrated, Carla considered scaling back her efforts.
However after reflecting on her values, she realized that her commitment to helping the cause was more important than receiving recognition. Carla continued to give her best because she believed in the impact of her work.
Eventually, her consistency and dedication became undeniable, and her leadership recognized her value—offering her a promotion. Carla learned that true effort is rewarded in ways that go beyond credit or applause.
Tweet of the day🐥
As you go through your day, remember that the value of your work lies in the effort you put into it, not in the recognition you receive. Stay committed to doing your best for your growth and fulfillment.
Rise & Shine encourages you to take pride in your work, knowing that excellence is its reward.
Have a focused and dedicated Tuesday!
Thanks for reading till the end!