Reddit's Oversubscribed IPO📊
Flipkart's Valuation Drop, RBI's Mobility Card Rules Eased, IT Services Salary Hikes Expected, Funding Deals and more.
Hello, Seekers of Balance and Guardians of Light!
“The brighter the light, the darker the shadow."
- Carl Jung
Envision a world where every illumination casts a shadow, and every shadow hints at the presence of light.
Join us as we delve into the profound wisdom of Carl Jung, unraveling the mysteries of the human psyche and the interplay between light and darkness.
Get ready to embrace the duality of existence as we navigate the realms of consciousness and self-discovery.
Tech Updates
Reddit's IPO oversubscribed as much as five times
Reddit's initial public offering is currently between four and five times oversubscribed, people familiar with the matter said on Sunday, making it more likely the social media platform will attain the $6.5 billion valuation it seeks.
Flipkart valuation down by over ₹41,000 crore since 2022
E-commerce giant Flipkart's valuation has taken a hit, dropping by $5 billion or around ₹41,000 crores since January 2022. The decline in Flipkart's value is attributed to the separation of fintech firm PhonePe into an independent entity.
RBI eases rules for centre’s mobility card after limited success
Unlike other National Payments Corporation of India (NPCI)-run payment networks, the National Common Mobility Card (NCMC) has seen a limited uptick. While banks have issued around 200 million such cards, most of them are being used as debit cards only, with very few being used for transit transactions. But regulatory changes and the recent action on Paytm Payments Bank (PPBL) could change that.
IT services companies may roll out 8.4-9% salary hikes this year
IT professionals will get average salary appraisals of around 8.4-9% in 2024, close to the average of 8.5-9.1% in 2023, according to data from hiring firm Teamlease Digital.
Funding Deals
Bottled water brand Clear Premium Water has raised rs 45 crore ($5.4 million) in a new round from JM Financial Private Equity.
Cleantech startup Fluid Analytics has raised $1.6 million in its pre-Series A round led by Pravega Ventures and joined by an angel investor.
Creator-focused social platform Plutus has secured an undisclosed investment from the Silicon Valley-based venture capital firm, Andreessen Horowitz (a16z) in its seed round.
🕺🏻 Short Story: The Dance of Light and Shadow
In a tranquil forest, a contemplative soul named Mia pondered the wisdom, "The brighter the light, the darker the shadow."
Mia, with a keen awareness of the dualities of existence, found solace in the harmony of light and shadow.
As she embraced the interplay between illumination and obscurity, Mia discovered a profound sense of balance and acceptance in the ever-changing dance of life.
Tweet of the day🐥
As we conclude this edition, reflect on the delicate balance between light and shadow in your own life.
Thank you for being part of our community, where together, we explore the depths of human experience and consciousness.
Stay tuned for tomorrow's exploration into the rarest of human qualities and the pursuit of consistency.
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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