Myntra's App Surge🥻, Price Drops on 4G Phones📱
Singularity Growth's New Power Move, Ola's AI Revelation, Funding Deals and Life Lessons for Peace.
Hello folks 👋🏻,
Welcome to Rise & Shine, where we resonate with the profound wisdom embedded in the art of choosing peace over being right.
"Be selective in your battles. Sometimes peace is better than being right."
In the tapestry of relationships and challenges, this principle becomes a guiding light, encouraging us to discern when to engage and step back for harmony.
Join us as we explore the transformative power of selective battles, understanding that the path to lasting peace is sometimes paved with the wisdom of choosing tranquility over the need to prove a point.
In this edition, let's embark on a journey of mindful conflict resolution, where the choice for peace becomes a victory.
Tech Updates
CaratLane’s Mithun Sacheti joins Singularity Growth💰
Mithun Sacheti, founder of omnichannel jewelry retailer CaratLane, has joined Singularity Growth as a general partner to take a more active role in the fund’s strategic investments.
Myntra records 7.5 crore new app users this year, beauty category registers 3X growth🥻
Online shopping platform Myntra said it added 7.5 crore new app users in 2023 with its loyal customer base growing by 100% YoY in the last 18 months. During the festive season, Myntra registered a record high of six crore monthly active users this year.
4G phones set for price cuts amid surplus inventory📱
Smartphone brands plan to lower the prices of 4G devices by 10-20% this week, with retailers looking to clear excess inventories as the festive season draws to a close by the year-end.
Ola, Sarvam AI announce their large language models🤖
In two separate developments on Wednesday, mobility unicorn Ola and AI startup SarvamAI announced their large language models (LLMs) trained to generate text in Hindi.
Funding Deals
Microlending platform Aye Finance has raised Rs 310 crore (approximately $37 million) in its Series F funding round led by British International Investment with the participation of Waterfield Fund and existing backer A91 Partners.
D2C menswear fashion brand Snitch has scooped up Rs 110 crore (approximately $13 million) in a Series A funding round co-led by SWC Global and IvyCap Ventures.
Agilitas Sports has raised Rs 100 crore (approximately $12 million) from Nexus Venture Partners.
Distribution-as-a-service platform ofScale has secured $375K in a pre-seed funding round led by First Cheque along with participation from Matrix Partners India, DeVC, Relentless VC, and other angel investors including Abhishek Goyal, Mekin Maheshwari and Revant Bhate.
Macquarie Capital, the investment arm of Australia's Macquarie Group, has acquired a minority stake in Indian EV charging company ChargeZone.
💃🏻 Short Story: The Dance of Harmony
In a serene village, there lived two friends, Mia and Lucas. One day, a disagreement arose between them, escalating into a heated argument. Mia, remembering the wisdom of her grandmother, took a deep breath and chose peace over proving herself right.
Rather than fueling the conflict, Mia approached Lucas with understanding and empathy. At that moment, the dance of harmony began. The friends, realizing the value of their relationship, found common ground and resolved their differences without compromising their bond.
Inspired by Mia's choice, the village learned that selective battles approached with a heart of tranquility, could lead to enduring peace.
Tweet of the day🐥
As we bid farewell to this edition, carry with you the transformative power of selective battles: "Be selective in your battles. Sometimes peace is better than being right."
Embrace the journey of mindful conflict resolution, recognizing that in choosing peace, you cultivate an environment where relationships flourish and tranquility reigns.
Thank you for being part of our community, where together, we explore the art of harmonious living, one choice for peace at a time.
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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