Paytm shares tumble 4%📉

Astroyogi expands into retail, Mintoak makes its first acquisition, Trump unveils US crypto reserve plan, Funding Deals and more.

Mar 04, 2025

Good morning and welcome to Tuesday’s edition of Rise & Shine!

"Don’t compare your beginning to someone else’s middle."
— Jon Acuff

Today, Acuff’s words remind us that everyone’s journey is different, and comparing our starting point to someone else’s progress only leads to unnecessary self-doubt.

Comparing yourself to someone further along in their journey is unfair. Instead, focus on your progress, knowing that every expert was once a beginner.

Tech Updates

Paytm shares tumble 4% after ED issues show cause notice over alleged Fema violations

Paytm's parent company, One 97 Communications (OCL), experienced a 4.4% decline in its shares in early morning trade, dropping to Rs 685 on the BSE. The stock closed at Rs 726.2, up 1.38%. The Directorate of Enforcement (ED) issued a show-cause notice regarding alleged violations of certain Foreign Exchange Management Act (Fema) provisions involving the company and its two subsidiaries, amounting to Rs 611 crore.

Astroyogi expands into retail with launch of ‘Yogii’

Astrology and wellness platform Astroyogi has announced its strategic expansion into the retail sector with the launch of 'Yogii by Astroyogi'. This latest addition to its brand portfolio aims to address the critical need for authenticated spiritual products in a traditionally unorganized and unregulated market. According to Astroyogi, this initiative marks a significant step toward introducing structure, reliability, and quality assurance to the industry.

Fintech firm Mintoak makes its first acquisition in the bill payments space

Mumbai-based fintech startup Mintoak, which powers offline merchant payment applications for many large banks, has created a Rs 200 crore corpus to acquire companies that offer complementary services to small enterprises.

Trump unveils US crypto reserve plan, triggering market volatility

Ahead of the first-ever White House Cryptocurrency Summit on March 7, US president Donald Trump announced on social media the five digital assets he intended to include in a new US strategic cryptocurrency reserve.

Insurtech company InsuranceDekho has raised $70 million funding round co-led by Beams Fintech Fund, Japan’s Mitsubishi UFJ Financial Group (MUFG), and insurer BNP Paribas Cardif through its insurtech fund managed by European investment major Eurazeo.
Men-focused premium innerwear and lifestyle brand XYXX is raising Rs 30 crore ($3.6 million) in a funding round led by Niveshaay Sambhav Fund, with participation from Anicut Capital, DSG Consumer Fund, and Sauce Continuity Fund.
Round-up investing platform Deciml has raised $3 million in a seed funding round led by Jainam Broking, marking its first venture into startup investment.
Collections platform CredResolve has raised $1.1 million in a seed funding round led by UNLEASH Capital Partners, with participation from CDM Capital.
Fertility care startup Arva Health has raised $1 million in pre-seed round led by All In Capital, with participation from iSeed, Bharath Founders Fund, and Galaxy.
DotMe, a link-in-bio platform for creators, has raised $150,000 led by a strategic investor and ex-cofounder of Jimmy’s Cocktails, Mirza L. Baig, at a valuation of $1.25 million.
Merchant SaaS platform Mintoak has acquired fintech startup Digiledge, specialising in bill payments and Central Bank Digital Currency (CBDC) solutions, for an undisclosed amount.

Funding Deals💰

👩🏻‍💻 Short Story: The New Coder

Riya started learning to code but felt disheartened when she saw experienced developers building complex applications. She almost quit, thinking she’d never catch up. Then she realized that they, too, were once beginners.

She built her skills by focusing on daily improvement instead of comparison and eventually became a confident coder.