Ratan Tata's FirstCry Exit👶🏻, Amazon-Flipkart's Ad Revenue📈
Ratan Tata's FirstCry Exit👶🏻, Amazon-Flipkart's Ad Revenue📈
Gruhas Gusto's Foodtech Accelerator, ZestMoney's Firesale Frenzy, Funding Deals and Stepping Out of Your Comfort Zone!
Welcome to Rise & Shine,
"Your life begins where your comfort zone ends."
In the grand tapestry of life, these words serve as a guiding light, encouraging us to explore the unknown and discover the richness that lies beyond the boundaries of what is comfortable.
In this edition, let's delve into the art of pushing boundaries, where the decision to leave our comfort zones catalyzes a life of extraordinary experiences and personal evolution.
Tech Updates
Ratan Tata to sell all his 77,900 shares in FirstCry IPO
Tata Sons Chairman emeritus Ratan Tata, who turned 86 today, will sell 77,900 shares of childcare products startup FirstCry in its upcoming IPO in 2024. The business tycoon had picked up a 0.02% stake for Rs 66 lakh in Brainbees Solution, which operates under the brand name FirstCry, in 2016.
Amazon, Flipkart generate Rs 8,705 crore ad revenue in FY23
Ecommerce giants Amazon and Flipkart's cumulative ad revenue rose 39% to Rs 8,705 crore in the fiscal year through March 2023, as advertisers across categories used the platforms amid growth in their user base, as per data filed by the companies with the Registrar of Companies (RoC).
Gruhas Gusto launches accelerator for foodtech startups
Gruhas Gusto has announced the launch of a six-month accelerator program for early growth stage companies in the food innovation sector, intending to empower them in critical areas like market access, brand building, partnership, and distribution networks, celebrity endorsements, and access to seasoned mentors.
DMI, Aditya Birla Finance in race to scoop up ZestMoney in firesale
Non-banking finance companies DMI Finance and Aditya Birla Finance are trying to scoop up fintech lending startup ZestMoney in a firesale. The beleaguered startup, which was offering buy-now-pay-later (BNPL) loans to customers at ecommerce and offline checkout points, had around December 5 informed its employees about its plans to shut down by the end of this month.
Funding Deals
Artificial intelligence-driven decarbonization platform LivNSense has raised $2.75 million in pre-Series A round led by Pavestone Technology Fund (Pavestone VC).
Entitled Solutions, an inclusion platform to make health and financial services accessible to urban low-income workers, has raised Rs 4 crore in an extended seed round from SIS Ltd, Facility Management, and Cash Logistics.
🌏 Short Story: The Horizon of Possibilities
In a quiet town, there lived a young artist named Jamie, yearning to express themselves beyond the confines of their studio. Fueled by the wisdom that "Your life begins where your comfort zone ends," Jamie decided to participate in a public art exhibition.
Navigating the challenges of exposure and vulnerability, Jamie's artwork resonated with others and sparked newfound inspiration within. The experience became a testament to the boundless possibilities that unfolded once the comfort zone was left behind.
Tweet of the day🐥
As we bid farewell to this edition, carry the transformative truth: "Your life begins where your comfort zone ends."
Embrace the journey of courageous exploration, recognizing that stepping into the unfamiliar is the gateway to a life rich with experiences, growth, and fulfillment.
Thank you for being part of our community, where together, we celebrate the transformative power of leaving our comfort zones behind.
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!
Subscribe to R&S🌞