RBI Licenses Tata Pay & DigiO💳
Binny Bansal's OppDoor, ITC's Cloud Kitchens, Bitcoin Surges, Funding Deals and More.
Greetings, Seekers of Truth!
As we continue our journey with Rise & Shine, today's edition invites you to ponder the profound words echoing through time.
“Wrong is wrong, even if everyone is doing it. Right is right, even if no one is doing it.”
In a world where the majority often dictates, this quote becomes a beacon urging us to stand steadfast in our moral compass.
Embrace the courage to distinguish right from wrong, irrespective of the crowd.
Tech Updates
RBI grants payment aggregator licence to Tata Pay, DigiO
Tata Payments, the digital payments business of the Tata group, and Bengaluru-based identity verification startup DigiO have secured the payment aggregator (PA) licence from the RBI. Razorpay, Cashfree, and others were part of the first tranche of fintechs to secure the same.
Flipkart cofounder Binny Bansal launches ecommerce startup OppDoor
Flipkart cofounder Binny Bansal has set up a new ecommerce venture named OppDoor, a software services platform, which will help emerging ecommerce brands expand globally. It will help ecommerce brands by offering them end-to-end services on global markets, customer behavior, taxation and compliance, partnerships, and third-party vendors.
ITC to scale up cloud kitchen business, enter more cities
Cigarette-to-hotel conglomerate ITC will scale up the cloud kitchen business it has been piloting in Bengaluru. ITC, which sells North Indian lunch and dinner, and bakery products through food-delivery apps, has rolled out its business in Chennai. It further plans to venture into Mumbai, New Delhi and Kolkata.
Bitcoin hits 21-month high at $45,000
The cryptocurrency market kicked off 2024 with a bang as the hero token Bitcoin breached the $45,000 mark for the first time since April 2022. The overall market also grew by over 5%.
Funding Deals
Bengaluru-headquartered VRO Hospitality, which operates 42 lounges and bars in the country, has raised $10 million in a bridge funding round led by Axis Bank and venture capital firm Gruhas, which is backed by Zerodha co-founder Nikhil Kamath.
SalarySe, a credit-on-UPI app for salaried employees, has raised its seed funding round of Rs 43.71 crore or $5.2 million led by Surge Ventures, an early-stage focused VC arm of Peak XV Partners.
Co-living operator Settl has raised Rs 10 crore in its pre-Series A round from Gruhas and We Founder Circle to expand its business. Anthill Ventures, Inflection Point Ventures, Ah! Ventures, Nila Spaces Limited, Soonicorn Ventures, Awficacy Capital, Pai Ventures LLP, and Ekyum also participated in the round.
🕺🏻 Short Story: The Lighthouse of Integrity
In a bustling city, a principled individual named Maya lived by the maxim, "Wrong is wrong, even if everyone is doing it. Right is right, even if no one is doing it."
When faced with ethical dilemmas, Maya's decisions became a lighthouse illuminating the path of righteousness.
Others, inspired by her unwavering integrity, began to question societal norms and found the strength to choose what was right over what was popular.
Tweet of the day🐥
As we conclude this edition, anticipate tomorrow's exploration into the focused philosophy of saying 'no' for a greater 'yes.'
Stay tuned for a fresh perspective that promises to illuminate your path and empower your decisions.
Thank you for being part of our community, where together, we navigate the complexities of moral clarity.
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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