PhonePe, G-Pay lead UPI market👑
Zepto ramping up café biz, MakeMyTrip set to acquire Happay, Mike Tyson vs Jake Paul, Funding Deals and more.
Good morning and welcome to Tuesday’s edition of Rise & Shine!
"Amateurs sit and wait for inspiration, the rest of us just get up and go to work."
— Stephen King
Today, Stephen King’s motivating words remind us that waiting for the perfect moment or a flash of inspiration can hold us back. Success comes to those who take action, even when they don’t feel ready.
Doing so often creates the inspiration we thought we were waiting for.
Tech Updates
PhonePe, G-Pay lead UPI market share; Navi surpasses CRED to enter top 4
The Unified Payments Interface (UPI) recorded a 10% month-on-month rise in transaction volume in October, driven by increased activity from both existing participants and new entrants in the ecosystem. Digital payments platform PhonePe retained its position as the market leader with 7.9 billion customer-initiated transactions worth Rs 11,69,290 crore. Google Pay came in second with 6.2 billion transactions valued at Rs 8,49,327 crore.
Zepto ramping up café business; eyes Rs 1,000 ARR in next financial year
Quick commerce platform Zepto is scaling up its cafe business -- which sells coffee, croissants and other items -- across the country aiming to hit an annualised revenue run rate (ARR) of Rs 1,000 crore within the next financial year, per a statement from the company.
MakeMyTrip set to acquire Happay from Cred for an undisclosed amount
Online travel booking portal MakeMyTrip is set to acquire expense management platform Happay from fintech unicorn Cred. This acquisition will give a stronger foothold for the Gurugram-based company in the corporate travel booking space.
65 million viewers: Mike Tyson vs Jake Paul bout gives a KO punch
Netflix's inaugural live sports streaming event, featuring the Mike Tyson-Jake Paul boxing match, attracted a staggering 65 million viewers worldwide. However, it resulted in an outage for thousands of viewers due to heavy traffic. The bout between 27-year-old social media influencer-turned-prize fighter Paul and 58-year-old former world heavyweight champion Tyson, which Paul won, was streamed live on Netflix.
Funding Deals
Healthkart, a health supplements startup, has closed a $153 million funding round led by ChrysCapital and Motilal Oswal Alternates.
Electric vehicle (EV) components maker Vecmocon has raised $10 million, led by Ecosystem Integrity Fund (EIF). Existing investor Blume Ventures and British International Investment (BII) also participated in the round.
Bengaluru-based 10-minute food delivery startup Swish has raised $2 million in its maiden funding round, led by Silicon Valley-based venture capital firm Accel.
Deeptech startup Theranautilus, which develops nanorobotic solutions for healthcare, has raised $1.2 million in seed funding from Pi Ventures.
Drone and space tech-based geospatial company, Matrix Geo Solutions, has raised close to $1 million in its pre-IPO round from Chittorgarh Infotech Limited, Viney Equity Markets LLP, and Tryrock Capital Trust AIF.
📝 Short Story: The Reluctant Writer
Sofia, an aspiring author, often struggled to write because she felt uninspired. Her novel sat untouched for months as she waited for the “right moment.”
One day, after hearing Stephen King’s quote, Sofia changed her approach. She committed to writing a little daily, even if it wasn’t perfect.
To her surprise, the act of writing daily reignited her creativity. Her progress snowballed, and she completed her novel within months. Sofia learned that inspiration often follows action—not the other way around.
Tweet of the day🐥
As you go through your day, remember that action is the spark that ignites progress. Don’t wait for inspiration to strike—start moving, and the momentum will follow.
Rise & Shine reminds you that persistence beats waiting every time.
Have a proactive and inspiring Tuesday!
Thanks for reading till the end!