Ola Electric IPO set at ₹72 - ₹76🛵
FirstCry to file for $3-3.5 bn IPO, Google partners with ElectricPe, Making India an AI first nation, Funding Deals and more.
Good morning and welcome to Monday’s edition of Rise & Shine!
"If you spend too much time thinking about a thing, you'll never get it done."
- Bruce Lee
Today’s quote drives home the importance of action over contemplation. It’s a powerful reminder to not let overthinking hinder our progress.
While thoughtful planning is essential, there comes a point where it's equally important to shift from thinking to doing.
Tech Updates
Ola Electric to launch IPO on August 2
SoftBank-backed Indian e-scooter maker Ola Electric will offer shares in the price band of 72-76 rupees ($0.86-$0.91) in its stock market offering which will open this week and be one of India's biggest IPOs this year. It’s initial public offering on August 1 while the issue will be opened to the public on August 2 and will get closed on August 6.
FirstCry set to file final papers for $3-3.5 billion IPO
Ecommerce firm FirstCry is set to join Ola Electric in its queue to Dalal Street. The Pune-based omnichannel retailer’s offer size will remain unchanged from that stated in its draft IPO papers at $217 million (Rs 1,816 crore) of primary fundraising besides an offer-for-sale (OFS) of 54 million shares by existing investors.
Google partners with ElectricPe to bring EV charging stations to Google Maps in India
Search giant Google has partnered with Indian startup ElectricPe toenhance the EV charging experience. This collaboration will allow Google Maps users across India to view the availability and status of charging points in real-time, enabling better journey planning and reducing range anxiety. This feature will be live on both Google Maps and Google Search and it will be expanded to other regions.
Making India an AI first nation — from classrooms to boardrooms
Demand for AI skills is far outstripping talent supply, placing India in a unique position to leverage its demographic advantage. AI skills have emerged as one of the key considerations for jobs globally as organisations look to scale their businesses with AI.
Funding Deals
Ather Energy has continued to raise debt funding before its potential public listing. The Bengaluru-based company has raised Rs 60 crore (over $7 million) in debt from Stride Ventures through its trustee Vistra ITCL.
Mayhem Studios, a mobile game development studio by MPL (Mobile Premier League), has secured an undisclosed amount of investment from Lumikai.
Riveron, a business advisory firm backed by Kohlberg & Company, has acquired Yantra, a technology and advisory services provider for an undisclosed amount.
🗓️ Short Story: The Paralyzed Planner
Tom, an aspiring entrepreneur, spent months planning his new business. He obsessed over every detail, wanting everything to be perfect before launch.
Weeks turned into months, and still, Tom felt unprepared to start. He feared making mistakes and facing failure.
One day, Tom's mentor shared Bruce Lee’s quote with him, highlighting the need for action.
Motivated by this new perspective, Tom decided it was time to move forward. He launched his business with what he had planned so far, ready to learn and adapt along the way.
The business wasn't perfect at launch, but it was operational. Tom learned more in a few months of running his business than he had in all his time planning.
Tweet of the day🐥
As you start your week, remember to balance thinking with doing. Don’t let the pursuit of perfection delay your progress.
Rise & Shine is here to motivate you to take actionable steps towards your goals.
Let Bruce Lee’s words inspire you to act decisively and embrace the learning that comes from doing.
Have a proactive and productive Monday!
Thanks for reading till the end!