Ola Electric to bring 3 wheeler soon🛺
Ola Electric to bring 3 wheeler soon🛺
Zomato's big Paytm play creates problem for BMS, Delhi EV sales plummet, BigBasket B2C unit posts 6% growth, Funding Deals and more.
Good morning and welcome to Friday’s edition of Rise & Shine!
"The only thing standing between you and outrageous success is continuous progress; you need discipline."
— Dan Waldschmidt
Waldschmidt’s quote today emphasizes the critical role of discipline in achieving not just success, but outrageous success.
Let this message fuel your end-of-week efforts.
This kind of discipline involves setting clear goals, maintaining focus, and consistently working towards those goals, even when it's challenging.
Tech Updates
Ola Electric to bring three-wheeler to market soon
EV manufacturer Ola Electric is all set to launch its electric three-wheeler (e-rickshaw) later this year. The firm is likely to price its EV 3W more competitively to target market leaders like Mahindra, Piaggio, and Bajaj. According to a CNBC TV 18 report, Ola Electric Mobility aims to establish several hundred non-company-owned outlets to deepen its distribution network.
Zomato's big Paytm play puts a spanner in KKR-BookMyShow deal
Zomato's recent acquisition of Paytm's entertainment business has clouded private equity giant KKR’s planned investment in BookMyShow, India's largest online ticket-booking platform. The global investment firm is now renegotiating the deal size and valuation with BookMyShow.
Delhi EV sales plummet after road tax waiver withdrawal, prices jump 10%
Electric vehicle (EV) sales in the national capital have ground to a halt after the state government revoked the waiver on road tax on electric cars and two-wheelers, effectively slamming the brakes on the sector's growth. This move has sent EV purchase prices through the roof, impacting sales in a major way, as per the Federation of Automobile Dealers Association (FADA).
BigBasket B2C unit posts 6% growth in FY24 revenue, cuts losses by 17%
Innovative Retail Concepts, which operates the business-to-consumer (B2C) unit of online grocery and quick commerce firm BigBasket, posted a modest 6% on-year growth in operating revenue for FY24, while trimming losses.
Funding Deals
Backpacker hostel chain The Hosteller has raised Rs 32 crore (approximately $4 million) in its Series A round led by V Cube Ventures with the participation of Lets Venture Angel Fund, Angelist, and several other investors.
Customer support solutions provider LiaPlus AI has raised Rs 2 crore in a Seed round led by Inflection Point Ventures along with participation from Chandigarh Angel Network and Growth91.
Nautical Wings Aerospace, an electric propulsion technology for the aviation industry, has raised its pre-Series A round from Venture Catalysts and 1Crowd for an undisclosed amount.
🏃🏻♀️ Short Story: The Committed Athlete
Sophia, a competitive marathon runner, dreamed of winning international races. While she was talented, she knew that raw talent wasn’t enough to compete at the global level.
Inspired by Waldschmidt’s words, she implemented a rigorous training schedule, adjusted her diet, and focused on mental preparation with the same intensity as her physical training.
Her disciplined approach extended beyond the track. She reviewed each race's performance, learned from her mistakes, and adjusted her strategy accordingly. This continuous cycle of disciplined practice and review transformed her running career, leading to victories in several prestigious marathons around the world.
Sophia’s story is a testament to how disciplined, continual progress can turn ambitious goals into reality.
Tweet of the day🐥
As you conclude your week, take a moment to assess your discipline in pursuing your goals. Are there areas where you could improve your consistency or focus?
Let today be a day where you reinforce your commitment to continuous progress.
Rise & Shine is here to support and inspire you on your journey to outrageous success.
Have a disciplined and successful Friday!
Thanks for reading till the end!