Nazara’s NODWIN acquires Trinity Gaming🎮
Byondnxt reduces Zomato stake, UPI reigns supreme in digital payments, PhonePe ends ties with Juspay, Funding Deals and more.
Good morning and welcome to Monday’s edition of Rise & Shine!
"Adaptability is the single most important trait for success in life."
Today’s quote emphasizes the power of adaptability, reminding us that adjusting to change is a cornerstone of success and resilience in life.
It’s not about avoiding change but learning to embrace and grow through it.
Tech Updates
Byondnxt secures fresh funding, Zomato stake reduced to 6%
Byondnxt, which operates the kitchen appliances brand Beyond Appliances, has secured additional funding from a group of new investors. Zomato, which recently acquired an 8% stake in the Bengaluru-based startup, did not participate in this latest funding round. In a stock exchange filing on Sunday, Zomato said that the fundraising was completed on November 30, and the Deepinder Goyal-led company’s shareholding in Byondnxt was reduced to 6% on a fully diluted basis.
Nazara’s NODWIN expands portfolio with acquisition of Trinity Gaming
Nazara Technologies backed NODWIN Gaming has acquired a gaming agency Trinity Gaming in a deal valued at Rs 24 crore ($2.8 million). This acquisition will see Trinity Gaming become a fully owned subsidiary of NODWIN Gaming, marking a significant step in expanding its reach and capabilities within the Indian gaming and content ecosystem.
UPI reigns supreme in digital payments
UPI surpassed 10 billion merchant transactions in October, recording a 53% year-on-year (YoY) surge at the peak of the festive season sales, eclipsing cards and mobile wallets as the home-grown payment system continued to be the most preferred merchant-focused digital payments mode in the country.
PhonePe ends ties with Juspay and other third-party routers
Digital payments platform PhonePe has decided to discontinue its partnership with payment orchestration platform Juspay. PhonePe will now offer payment gateway solutions through direct integrations. “The move is aimed to establish a direct and end-to-end relationship with merchants, instead of any third party platform like Juspay”.
Funding Deals
Men’s sexual wellness brand Bold Care is raising Rs 30 crore ($3.5 million) in a new funding round from venture capital firms, family offices and several individual investors. The Mumbai-based startup previously secured an undisclosed investment in December last year from actor Ranveer Singh, who also joined as a co-founder.
Fraud prevention software platform RaptorX has raised Rs 4 crore in a pre-seed funding round co-led by PeakXV Spark, EagleWings Ventures, and Point One Capital, along with participation from Peyush Bansal, Boat Co-founder & CMO Aman Gupta, and key angels (SVPs) from Google.
💡 Short Story: The Agile Entrepreneur
When the pandemic hit, Maya, a café owner, faced a sudden decline in customers. Instead of resisting the change, she adapted by creating a delivery system and offering online cooking classes.
These innovations saved her business and expanded her customer base beyond her local area. Maya’s adaptability turned a potential crisis into a new avenue for success.
Tweet of the day🐥
As you start your week, think about how adaptability can help you navigate challenges and seize opportunities.
Rise & Shine is here to remind you that flexibility and openness to change are the keys to turning obstacles into stepping stones.
Have a flexible and success-focused Monday!
Thanks for reading till the end!