PhonePe launches Indus Appstore📱
BluSmart's Solar Shift, Bigbasket Speeds Deliveries, Economic Predictions Soar, Funding Deals and more.
Hello Trailblazers and Pioneers of Self-Discovery!
"It’s your road, and yours alone, others may walk it with you, but no one can walk it for you."
- Rumi
Envision a path where the journey of self-discovery is uniquely yours, where every step is a testament to your resilience and courage.
Join us as we explore the transformative philosophy that true growth and fulfillment come from embracing your individual path with authenticity and determination.
Get ready to chart your course and embrace the adventure of self-discovery.
Tech Updates
PhonePe launches Indus Appstore to rival Google Play Store in India
Walmart-owned payments company PhonePe on Wednesday launched its mobile app marketplace Indus Appstore for users, to take on rivals Google and Apple. The app store looks to differentiate itself from the tech giants by not charging developers any platform fee or commission for in-app payments. Developers will also be free to integrate any payment gateway of their choice inside their apps.
BluSmart signs deal with Tata Power; moves to solar for EV charging needs
All-electric ride-hailing startup BluSmart said it will power its fleet of cabs with solar energy supplied by Tata Power. This marks a key step towards sustainable transportation in India. BluSmart will receive 30 megawatts (MW) this year from Tata Power that will be used for its entire fleet of 6,000 electric cabs in Delhi-NCR and Bengaluru. The electricity will be sourced from Tata Power's 200 MW solar plant in Rajasthan.
Bigbasket quickens slotted deliveries to within 2 hours
Tata Group-backed grocery delivery platform Bigbasket said it has overhauled its slotted delivery service to now deliver within two hours against the earlier option of same day or next day delivery, as it rushes to service orders in response to greater competition from quick commerce firms.
India to become 3rd largest economy by 2027, market cap to hit $10 trn by 2030: Jefferies
With a consistent history of 10-12 percent USD CAGR over the last 10 and 20 years, India is now the 5th largest equity market and its market capitalisation will likely touch $10 trillion by 2030, believes global brokerage house Jefferies. Over the next 4 years, it sees India’s GDP touching $5 trillion making it the 3rd largest economy by 2027, overtaking Japan and Germany.
Funding Deals
Rentomojo has secured an investment of Rs 210 crore (approximately $25 million) in its ongoing Series D and D1 round led by Edelweiss Discovery Fund Series – I, with participation from existing investor Chiratae Growth Fund, as well as Magnetic, founded by Rajeev Chitrabhanu.
Digital banking infrastructure provider Signzy has acquired Bengaluru-based Difenz, a fraud risk management solutions provider, in a cash-and-equity deal at a valuation of $5 million.
Healthcare edtech startup Virohan has raked in Rs 14.9 crore or $1.8 million funding in an extended pre-Series B round led by Blume Ventures.
Elder care startup Samarth Life has raised Rs 12 crore (approximately $1.45 million) in a funding round led by Aroa Venture Partners. Social Alpha and Zhooben Bhiwandiwala of Mahindra Partners also participated in the round.
ReFit Global, a direct-to-consumer (D2C) refurbished marketplace, has raised Rs 2 crore at Rs 200 crore valuation from Shark Tank judges inclduing Anupam Mittal, Vineeta Singh, and Amit Jain.
Animal management & nutrition brand eFeed has secured Rs 1 crore from revenue-based financing platform Klub.
Community-driven social networking and socialisation-tech platform Oopar Club has raised Rs 50 lakh in its maiden pre-seed funding round led by startup community-builder PedalStart along with participation from Paper Arizona co-founder Ankitt Jain.
🔍 Short Story: The Path of Self-Discovery
In a tranquil valley, a wanderer named Mia lived by the wisdom, "It’s your road, and yours alone, others may walk it with you, but no one can walk it for you."
Mia, forging her own path of self-discovery, inspired the community to embrace the uniqueness of their individual journeys.
The valley, inspired by Mia's unwavering determination, began to see that true fulfillment awaited those who dared to walk their own path with courage and authenticity.
Tweet of the day🐥
As we conclude this edition, reflect on the significance of your own journey of self-discovery.
Thank you for being part of our community, where together, we celebrate the beauty of individuality and the power of authenticity.
Get ready to embrace the challenges of growth and the rewards of knowledge, tomorrow.
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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