PayU's Revenue Surge💸, HCL's $400M OSAT Deal🤝🏻
Swiggy's Food Delivery Soars, Tata Technologies' Blockbuster Debut, Visa Wins for Indians, Discipline now, Funding Deals and more.
Welcome to Rise & Shine, where we draw inspiration from the powerful reminder that discipline is the bridge to lasting freedom.
"When you're lacking motivation, remind yourself: discipline now, freedom later. The labor will pass, and the rewards will last."
In the ebb and flow of motivation, these words become a guiding light, encouraging us to endure the challenges of the present for the promise of future rewards.
Join us in this edition as we explore the transformative power of disciplined action, understanding that the journey may be tough, but the lasting rewards are well worth the effort.
PayU India H1 FY24 Revenue Surges to $211 Million💸
PayU India, the Indian arm of Prosus, witnessed a formidable 15% YoY surge in its total revenue for the first half of FY24, reaching an impressive $211 million. Additionally, PayU India strategically decided to close its buy-now-pay-later (BNPL) prepaid card venture, LazyCard. As the company forges ahead, an IPO spectacle is anticipated on the horizon, slated for the coming year. 📈
HCL Nearing Deal for $400 Million OSAT Facility in Karnataka💻
HCL Group is reportedly in the final stages of negotiations to establish an Outsourced Semiconductor Assembly and Test (OSAT) facility, with discussions centering on potential locations near the Bengaluru and Mysuru international airports. The proposed chip packaging unit, estimated at $400 million, signifies HCL's strategic foray into semiconductor operations.🤝
Swiggy's Food Delivery Surges 17% to $1.43 Billion in H1 FY24🍔
Swiggy, the leading online food delivery platform, reported a robust 17% growth in its core food-delivery business during the first half of FY24. This surge translated to a substantial gross merchandise value (GMV) of $1.43 billion, underlining Swiggy's continued momentum and market presence in the competitive online food delivery landscape. 🚀
Tata Technologies share price makes blockbuster debut, stock lists at 140% premium📊
Tata Technologies share price made a strong debut on the bourses today. On NSE, Tata Technologies share price today was listed at ₹1,200 per share, 140% higher than the issue price of ₹500, and on the BSE, Tata Technologies shares were listed at ₹1,199.95 apiece.🪛
Indians to gain big from domestic US visa renewal pilot🛂
The introduction of a pilot programme allowing for domestic renewals of US work visas is expected to be beneficial for Indian technology professionals, helping them cut costs and streamline the renewal process.📝
CheckRewards, a cashback service, has raised $1.2 million in a new round from the Mitgo Group.
Agricultural technology startup Suind has raised Rs 5 crore in its seed round led by Sunicon Ventures along with participation from Zetta Farms and other angel investors.
Global investment firm Lighthouse Canton has announced the final closure of LC Nueva AIF, a scheme of Luminere Investment Trust, at Rs 350 crores.
Sprout Venture Partners, an early-stage venture capital fund, has raised close to $10 million as part of its second fund.
Tweet of the day🐥
As we conclude this edition of Rise & Shine, carry with you the strength and motivation found in the words: "Discipline now, freedom later. The labor will pass, and the rewards will last."
Your commitment to disciplined action is an investment in a future of lasting fulfillment and success.
Thank you for being part of our community, where together, we navigate the path to freedom through the transformative power of disciplined determination.
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!