Paytm Gets New Banking Partner🤝
Paytm Gets New Banking Partner🤝
CBDC to drive next fintech wave, Blinkit to compete with Amazon-Flipkart, Son joins AI chip race, Funding Deals and more.
Hello, Adventurous Souls and Explorers of the Unknown!
“Travel is never a matter of money but of courage”
- Paulo Coelho
Envision a life where travel isn't restricted by material wealth but propelled by the audacity to explore the world.
Join us as we explore the transformative philosophy that the true currency of travel is the courage to step into the unknown.
Get ready to unleash your adventurous spirit and unlock the treasures that await beyond your comfort zone.
Tech Updates
Paytm Gets New Banking Partner To Continue Seamless Transactions
Paytm Payments Bank has been given more time by the central bank to wind down its operations, while its parent company has signed on a new banking partner to try to keep some of its popular products running and survive its current crisis. "The company (Paytm) has shifted its nodal account to Axis Bank (by opening an escrow account) to continue seamless merchant settlements as before," Paytm said.
Programmable, offline CBDC to drive next fintech wave, says NPCI MD
The Reserve Bank of India’s efforts to implement the programmability and offline functionality of the central bank digital currency (CBDC) are going to drive the next fintech wave, said NPCI managing director Dilip Asbe.
Zomato plans for Blinkit to deliver more via ecommerce
Gurugram-based Zomato is exploring a significant play in the direct-to-consumer(D2C) space through its quick-commerce firm Blinkit and could find itself up against ecommerce marketplaces like Amazon and Flipkart.
After Sam Altman, SoftBank founder Masayoshi Son joins AI chip race to challenge Nvidia dominance
The race for dominance in the realm of generative AI is reaching new heights as SoftBank's Founder and CEO, Masayoshi Son, unveils ambitious plans to raise a staggering $100 billion for his AI venture. This move is seen as a direct challenge to the supremacy of graphics chip giant Nvidia.
Funding Deals
Hyderabad based EV2W OEM PURE EV has raised $8 million from a clutch of investors. The funding was led by Bennett Coleman and Company Limited, Hindustan Times Media Ventures, alongside Ushodaya Enterprises Private Limited, existing investors and HNIs.
Pratech Brands, a digital-first retailer and parent entity of HyugaLife, has raised Rs 52 crore or $6.3 million in a seed funding round led by Spring Marketing Capital and Stride Ventures. The round also saw participation from Peak XV Partners’ Surge Ventures among others.
AI driven sales execution platform Kanlet has raised $400K in its pre-seed round led by Suvan Ventures and a few angel investors.
Consumer houseware startup Basil has raised Rs 3.6 crore in a seed funding round co-led by IIMA Ventures and Appreciate Capital.
📑 Short Story: The Quest for Courage
In a bustling town, an adventurer named Alex lived by the wisdom, "Travel is never a matter of money but of courage."
Alex, fueled by a desire for exploration, inspired the community to break free from the chains of comfort and embrace the thrill of discovery.
The town, inspired by Alex's adventurous spirit, began to see that true richness lay not in material possessions but in the experiences gained through fearless exploration.
As I am travelling and there was no network connectivity, Rise & Shine was delayed. Hope you understand!
Tweet of the day🐥
As we conclude this edition, reflect on the courage within you to embark on your adventures.
Thank you for being part of our community, where together, we embrace the unknown with open arms.
Get ready tomorrow to confront the power of action and the consequences of inaction.
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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