Perfios Hits Unicorn Valuation 🦄

Mar 14, 2024

Hello, Perception Explorers and Seekers of Understanding!

“The eye sees only what the mind is prepared to comprehend.”
- Robertson Davies

Envision a world where the mind shapes the reality we perceive.

Join us as we explore the transformative philosophy that true insight comes from expanding the boundaries of our understanding.

Get ready to unlock new perspectives and deepen your comprehension as we journey into the realms of perception.

Reliance to buy Paramount Global’s 13% stake in Viacom18 for ₹4,286 crore

Reliance Industries has agreed to buy Paramount Global's 13.01% stake in Viacom 18 Media for about $517 million (₹4,286 crore), according to a regulatory filing by the US company. Reliance currently owns a 57.48% stake in Viacom18, which is a subsidiary of TV18 Broadcast Ltd.

Perfios secures $80 million from TVG, attains unicorn valuation

Fintech-focussed software startup Perfios became the second unicorn of 2024 after it secured $80 million in funding from Teachers’ Venture Growth (TVG), the late-stage venture and growth investment arm of Ontario Teachers’ Pension Plan. Bhavish Aggarwal's artificial intelligence startup Krutrim was the first.

Nazara sets aside $100 million for M&As

Mobile gaming and sports media company Nazara Technologies is setting aside about Rs 830 crore ($100 million) to finance mergers and acquisitions in India, Europe and North America.

Meesho announces its largest Esop buyback, worth $25 million

E-commerce startup Meesho said it has initiated its largest ever employee stock ownership plan (Esop) buyback programme, worth ₹200 crore or $25 million. The buyback will enable wealth-creation opportunities for about 1,700 current and former employees.

8i Ventures launches $10 Mn seed program ‘Origami’

Venture capital fund 8i Ventures today announced the launch of ‘Origami’, a seed funding program aimed at supporting early stage founders. Through this seed program, 8i Ventures targets those businesses in the pre-seed to early revenue stage, prioritizing ‘speed’ as its hallmark feature.

Battery tech startup LOHUM has raised $54 million in a Series B funding from Singularity Growth, Baring Private Equity, Cactus Venture Partners, and Venture East among other new and existing venture firms.
Gurugram-based debt relief startup Freed has raised $7.5 million in a fresh funding round. The round was led by Sanjay Nayar-backed Sorin Investments and early-stage venture fund Multiply Ventures, with participation from Piper Serica Fund and a few others.
RapidCanvas, an auto artificial intelligence (AI) platform built for businesses, has raised $7.5 million in a funding round led by Accel, with participation from Valley Capital Partners.
Sugar.fit, a healthtech focused on type 2 diabetes and prediabetes, has raised $5 million more in its Series A round led by B Capital with participation from MassMutual Ventures and existing investors including Tanglin Venture Partners, Endiya Partners, and Cure.fit (now Cult.fit).
Kites Senior Care has secured Rs 45 crore in a series A funding round, led by Ranjan Pai, chairman of Manipal Education and Medical Group (MEMG) through his family office.

🤔 Short Story: The Power of Perception

In a vibrant community, a perceptive individual named Alex lived by the wisdom, "The eye sees only what the mind is prepared to comprehend."

Alex, with a keen eye for detail and an open mind, inspired the community to question their perceptions and expand their understanding of the world.

The community, guided by Alex's insight, began to see that true wisdom was found not in the eyes but in the depths of the mind.

As we conclude this edition, reflect on the power of perception in shaping our reality.

Thank you for being part of our community, where together, we celebrate the journey of exploration and understanding.

Stay tuned for tomorrow's exploration into the philosophy of personal agency and empowerment.

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!

Rise & Shine ☀