MTNL stock surges 10%📊
Q-comm majors on performance marketing spree, Swiggy share price dips over 5%, Oyo PAT rises nearly 6 times, Funding Deals and more.
Good morning and welcome to Monday’s edition of Rise & Shine!
"The one thing that you have that nobody else has is you. Your voice, your mind, your story, your vision."
— Neil Gaiman
Today, Gaiman’s words remind us that our individuality is our greatest strength. No one else has your unique voice, experiences, and perspective—so embrace them fully.
Whether in creativity, work, or relationships, authenticity leaves a lasting impact.
Tech Updates
Quick commerce majors are on a performance marketing spree now
The rising competition in India’s rapidly growing quick commerce space has prompted companies to invest heavily in performance marketing. For instance, Swiggy is promoting its standalone Instamart (grocery delivery) app. Its rival, Zepto, is boosting marketing spending on its Cafe (10-minute food) app through platforms like Google and Meta. Zomato-owned Blinkit has also recently ramped up spending to acquire customers, especially in new markets.
MTNL share price surges 10% on likely Cabinet nod to ₹6,000 crore package for 4G expansion
Shares of telecom public sector undertaking (PSU) Mahanagar Telephone Nigam Limited (MTNL) zoomed nearly 10% in trade on Monday, February 10, following reports that the Union Cabinet, at its meeting last week, approved funding of nearly ₹6,000 crore for BSNL's 4G expansion.
Swiggy share price dips over 5% amid Instamart technical glitch; stock down over 30% YTD
Swiggy share price declined over 5% on Monday, extending its losing streak for the fifth straight session. Swiggy shares plunged as much as 5.77% to a low of ₹359.00 apiece on the BSE. Swiggy shares have declined more than 21% in one week and over 26% in one month. On a year-to-date (YTD) basis, Swiggy's stock price has cracked more than 33%, slipping below its issue price.
Oyo PAT rises nearly 6 times to Rs 166 crore in Q3
Travel tech unicorn Oyo recorded a profit after tax (PAT) of Rs 166 crore in the third quarter ended December, up nearly six times from Rs 25 crore in the year-ago period. The company's revenue in the third quarter rose to Rs 1,695 crore, growing almost 31% from Rs 1,296 crore a year earlier, marking a turnaround from the flat topline growth seen in FY24.
Funding Deals
Cross-border workforce mobility startup BorderPlus secured $7 million in a funding round led by Owl Ventures, an edtech-focused venture capital firm.
Education loan provider Eduvanz has secured Rs 25.52 crore in a bridge funding round co-led by Juvo Ventures and Capria Fund. Peak XV and Unitus Ventures also participated.
Fintech startup Rupeeflo has raised $1 million in funding in a pre-seed round led by Piper Serica Angel Fund.
Bengaluru-based caregiving tech startup LegUp has introduced a platform to bridge the gap between modern families and trusted caregivers. The startup has secured pre-seed funding of Rs 2 crore ($250K) from Bluebridge Capital Private Limited.
✍🏻 Short Story: The Unconventional Creator
Reena loved writing but hesitated to share her stories because they didn’t fit the typical mold. One day, she decided to submit a piece that reflected her true voice. To her surprise, it resonated deeply with readers.
That moment taught her that originality isn’t about following trends—it’s about owning your unique vision.
Tweet of the day🐥
This week, embrace what makes you different. Your voice and perspective matter more than you think.
Rise & Shine is here to remind you that the world needs your story, just as it is.
Have an authentic and inspired Monday!
Thanks for reading till the end!