Namita's Emcure Pharma lists at 31% premium📊
mCaffeine partners with GoKwik, Schoolnet acquires Genius Teacher, Adda247 acquires CA test prep platform Ekagrata, Funding Deals and more.
Good morning and welcome to Wednesday’s edition of Rise & Shine!
“Make sure your worst enemy doesn’t live between your own two ears.”
—Laird Hamilton
Today’s quote highlights the importance of a positive mindset.
Our biggest battles are often fought within our minds, and overcoming these internal obstacles is key to achieving success.
Tech Updates
Namita Thapar's Emcure Pharma lists at 31% premium on NSE
Emcure Pharmaceuticals shares made a strong debut on July 10 after listing at Rs 1,325.05, a premium of 31.5 percent over the issue price of Rs 1,008. This follows a successful Initial Public Offering (IPO) that garnered significant investor interest. Emcure's IPO, which ran from July 3 to July 5, is a book-built issue valued at Rs 1,952.03 crores.
Skincare brand mCaffeine partners with GoKwik to boost D2C revenue
mCaffeine and GoKwik have partnered to enhance the online shopping experience and drive revenue growth. Leveraging GoKwik's tech solutions, mCaffeine aims to expand its market share and D2C footprint. The collaboration promises better shopper satisfaction and increased revenue for both brands.
Schoolnet acquires Housing cofounder's startup Genius Teacher in edtech consolidation
Edtech firm Schoolnet, which provides digital classroom services to government schools, has acquired proptech platform Housing cofounder Advitiya Sharma's second startup Genius Teacher amid a broader consolidation in the sector. Genius Teacher, which has raised close to $3 million in funding, operates a quiz-based e-learning platform focused on K-12 education.
Adda247 acquires CA test prep platform Ekagrata
Google-backed edtech company Adda247 has acquired chartered accountancy (CA) test preparation platform Ekagrata Eduserv for an undisclosed amount. Adda247 had previously acquired StudyIQ in January 2021 and Veeksha in July 2023. This acquisition is expected to significantly expand Adda247’s user base, which currently has 40 million monthly users (MAU).
Funding Deals
E-commerce roll up company Goat Brand Labs has raised $21 million in debt and equity from investors including BlackRock, Mayfield, NB Ventures, and others.
Cancer focused biotech startup Immuneel Therapeutics has raised Rs 100 crore or $12 million in the extension of Series A round from Taiba Middle East FZ LLC.
Restaurant chain House of Biryan has raised $2 million in a funding round from Al Siraj Holdings, a single-family office from the Middle East, Angel Star Ventures, a US-based fund out of Pennsylvania, and accredited high net worth individuals (HNIs) from the US.
Electronics renewal and refurbishment startup QarmaTek has secured $1 million (Rs 8.3 crore) in pre-Series A round co-led by Umang Nahata, Rakesh Raman, and Vishal Makwana.
Felicity Games, a casual game developer and publisher, has raised $700K in its pre-seed round from DeVC, Visceral Capital and marquee angel investors including Kunal Shah of CRED, former Nazara CEO, Manish Agarwal, Sriharsha Majety, Nandan Reddy of Swiggy and Sameer Pittalwala, Head of Gaming, Google Cloud (APAC) among others.
AI platform Helium has raised Rs 4.52 crore ($550k) pre-seed round led by Merak Ventures. The round also saw participation from angel investor Alok Mittal.
🖼️ Short Story: The Self-Doubting Artist
Sarah was a talented artist, but she constantly second-guessed her abilities. Every time she started a new project, a voice told her she wasn't good enough. This self-doubt paralyzed her, preventing her from sharing her work.
One day, she decided to silence her inner critic. She began to focus on her passion for art rather than her fear of failure. With each stroke of the brush, she built confidence.
Eventually, she showcased her art at a local gallery, receiving praise and recognition. By overcoming her internal enemy, Sarah unlocked her true potential.
Tweet of the day🐥
As you navigate your day, remember Hamilton’s advice to not let negative thoughts hinder your progress.
A positive mindset can transform challenges into opportunities.
Reading Rise & Shine daily provides you with the motivation and wisdom to start each day on a positive note, empowering you to conquer any obstacle.
Have an inspiring Wednesday, and let your thoughts uplift you!
Thanks for reading till the end!