Prosus in Spotlight for Swiggy's Mega IPO 🌐
Ram Temple Boosts Quick-Commerce, Paytm's Milestone, Yellow.ai's Dominance, Funding Deals and Naval's word on time.
Hello Time Custodians!
"Value your time. It is all you have."
Envision a life where each moment is cherished as a precious gem, for time is the currency of existence.
Join us as we explore the transformative philosophy of valuing your time, recognizing it as the most significant and irreplaceable asset in your possession.
Get ready to embark on a journey where each tick of the clock is a reminder to invest in what truly matters.
Prosus may be tagged promoter in Swiggy’s $1 billion IPO
As food and grocery delivery platform Swiggy prepares for its $1 billion IPO, its largest investor Prosus might be tagged as a promoter. Prosus has been trying to bring its holding in Swiggy to below 26% (from 33%). As per current rules, an investor with over 26% stake would be considered a promoter. This means there would be restrictions on how much they can sell post-IPO.
Ram temple effect: quick-commerce apps cash in on demand for religious items
Quick-commerce platforms such as BigBasket’s BB Now, Zepto, Blinkit, and Swiggy Instamart reported a surge in orders for items used in religious ceremonies following the inauguration of the Ram temple. These platforms capitalised on the event by promoting the sale of items such as lamps, flowers, incense sticks, coconuts and sweets.
Paytm surpasses 100 million monthly transacting users for the first time in Q3 FY24
The Indian payments and financial services company, Paytm, crossed the 100 million active customers milestone in the previous quarter. The company's revenue increased by 38% annually to ₹2,850.5 crore, compared to ₹2,062.2 crore in the year-ago period.
Yellow.ai deploys 30% of global generative AI bots domestically
Generative artificial intelligence (GenAI) for customer engagement purposes is gaining momentum in India. Conversational AI company Yellow.ai deployed around 120 GenAI bots for businesses worldwide this financial year, of which about 30% were in India.
Non-banking finance company (NBFC) Namdev Finvest has secured $15 million in its Series B funding round co-led by British International Investment (BII), LC Nueva AIF (LC) and existing investor Incofin India Progress Fund.
⏰ Short Story: The Tapestry of Moments
In a quaint town, a storyteller named Liam embraced Naval's wisdom, "Value your time. It is all you have."
Liam, weaving tales of life's fleeting moments, inspired the community to savor every chapter.
The town, inspired by Liam's mindful timekeeping, began to see that the tapestry of life gained its richness not from the quantity of moments but from the quality of attention bestowed upon each.
Tweet of the day🐥
As we conclude this edition, reflect on the value of each passing moment.
Stay tuned for a fresh perspective that delves into the balance of self-love and the relationships we foster.
Thank you for being part of our community, where together, we treasure the currency of time.
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!