Reddit Eyes $6.5B Valuation in IPO π
Govt's Chip Design Push, Quick Delivery Race in Ecomm, Binny Bansal's Investment in OppDoor, Oscar 2024: Complete list, Funding Deals and more.
Hello, Firestarters and Guardians of Balance!
βThe flame that burns Twice as bright burns half as long.β
- Lao Tzu
Envision a life where passion and intensity are tempered by wisdom and balance.
Join us as we explore the transformative philosophy that true fulfillment comes from nurturing the flame within without burning out too quickly.
Get ready to embrace the delicate dance of passion and moderation as we navigate the journey of life.
Tech Updates
Binny Bansalβs Three State Ventures funds new startup OppDoor
Flipkart founder Binny Bansal has invested just under $2 million in his new venture, OppDoor, through venture fund Three State Ventures, according to recent Singapore regulatory filings. OppDoor is a software services platform that aims to help emerging online retail brands expand globally.
BigBasket, Flipkart quicken delivery to counter quick-commerce
Legacy ecommerce and online grocery firms are shortening their delivery timelines as they face heat from ambitious quick-commerce firms, even as customers demand speedier delivery. Ecommerce major Flipkart has kicked off same-day delivery of products across several categories at no extra cost in 20 cities.
Govt equipping 100+ colleges with cutting-edge chip design tools
The government is equipping more than 100 colleges with electronic design automation (EDA) tools from Siemens EDA, Synopsys and Cadence, as part of efforts to prepare talent for the countryβs developing semiconductor ecosystem.
Reddit looking to raise $748 million from the sale of 22 million shares in IPO, eyeing $6.5 billion valuation
Reddit Inc. and its investors are seeking to raise as much as $748 million in what would be one of the biggest initial public offerings so far this year. The social media platform and some of its current shareholders plan a sale of 22 million shares for $31 to $34 each.
π Oscar 2024: Complete list of winners - Oppenheimer dominates with Best Picture
Funding Deals
Edtech platform PlanetSpark has raised Rs 141.8 crore or $17 million in an extended Series B round led by Prime Venture Partners via Seabright. The round also saw the participation of InnoVen Capital, Alteria Capital, myPat, GGT3 Ventures, Ashish Gupta, and IAN Investors.
Electric vehicle financing platform Mufin Green Finance has raised $5 million in a debt funding round led by BlueOrchard.
Specialty coffee QSR chain abCoffee has raised $3.4 million in its Series A round led by Nexus Venture Partners, with participation from existing investor Tanglin Venture Partners.
Shark Tank fame direct-to-consumer (D2C) innerwear brand Bummer has raised Rs 9.25 crore led by Gruhas Collective Consumer Fund along with the participation of Fluid Ventures Fund.
FreeStand, a B2B marketing platform revolutionizing targeted and measurable product sampling campaigns for leading Indian FMCG enterprises, has raised $400,000 in a seed funding round led by Venture Catalysts and Nocking Point Advisors. IIM-Calcutta Innovation Park, SucSEED Indovation, and strategic angel investors Guneet Singh and Varun Singh Hooda also participated in the round.
πΊπ»Short Story: The Dance of Fire and Balance
In a tranquil village, a wise elder named Mia lived by the wisdom, "The flame that burns twice as bright burns half as long."
Mia, with a gentle yet passionate spirit, inspired the community to embrace the beauty of balance in all aspects of life.
The village, inspired by Mia's wisdom, began to see that true fulfillment was not found in the intensity of the flame but in the steady glow of harmony and moderation.
Tweet of the dayπ₯
As we conclude this edition, reflect on the delicate balance between passion and moderation in your own life.
Thank you for being part of our community, where together, we celebrate the beauty of balance and the wisdom of ancient teachings.
Stay tuned for tomorrow's exploration into the philosophy of perseverance and determination, as we discover the power of increasing effort towards our goals.
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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