Rohit Sharma invests in LEO1💸

Jun 19, 2024

Good morning and welcome to Wednesday’s edition of Rise & Shine!

“Don’t let yesterday take up too much of today.”
- Will Rogers

Today’s quote reminds us to live in the present and not let the past overshadow our current opportunities.

Ixigo’s market cap spikes nearly 80% from pre-IPO round

Le Ventures Private Limited, the parent company of Ixigo, made a spectacular debut on the National Stock Exchange on Tuesday, opening at a 48.5% premium above its issue price. Ixigo’s issue price was set at Rs 93 but listed at Rs 138.5 on NSE while the firm’s share price on BSE opened at Rs 135, according to data sourced from both stock exchanges.

Indian IT professionals are batting for cricket in the US

Indian IT professionals are becoming the ambassadors of cricket in the US, with a significant proportion of the Indian diaspora working for the IT industry in its largest market, the US. A host of companies, including Cognizant, ServiceNow, and Cigniti, are playing hosts to clients and partners during the T20 World Cup matches.

Unacademy in talks to merge with Orchid Schools owner K12 Techno

Edtech unicorn Unacademy is discussing to merge with K12 Techno, which runs the chain of Orchids International Schools. This would be the first major consolidation in the edtech space which has been witnessing funding drought in the past two years.

Clean Electric unveils 12-Minute charge electric batteries

Clean Electric, a developer of lithium-ion batteries, has launched a rapid recharging battery technology that can fully charge electric two- and three-wheelers in approximately 12 minutes, a significant improvement over the current 60-120-minute range, the firm said.

Microlending platform Aye Finance has raised Rs 250 crore ($30 million) in debt funding from FMO, the Dutch entrepreneurial development bank.
Craft beer maker Bira 91 has raised $25 million via ECB (External Commercial Borrowing) from its existing investor Kirin Holdings. With this infusion, the firm has mopped up $50 million in the past three months. It raised $25 million from Tiger Pacific Capital in March.
The Pant Project, a D2C fashion brand focused on custom-made and ready-to-wear pants, has raised $4.25 million in a Series A round led by Sorin Investments — a VC fund founded by former KKR India CEO Sanjay Nayar.
Maxim AI, which helps developers evaluate and monitor their artificial intelligence applications, has raised $3 million in a funding round led by Elevation Capital.
Rockit, a D2C beverage brand has raised a Rs 6 crore pre-seed investment round led by Sauce.VC and Roadies fame Rannvijay Singha.
Wahter, a packaged drinking water brand has raised ₹5 crore in pre-seed funding at a valuation of ₹52 Crore.
Property title search engine platform Landeed has raised an undisclosed amount in a strategic financing round led by Paradigm Shift VC.
Indian Cricket Captain Rohit Sharma has announced his first-ever investment in the fintech sector, backing the innovative edu-fintech company LEO1. Formerly known as Financepeer, LEO1 aims to transform financial transactions within the Indian education system.

🏁 Short Story: The Fresh Start

Emily had a rough day at work on Tuesday, filled with mistakes and misunderstandings. She went to bed feeling frustrated and defeated.

However, upon waking up, she remembered Will Rogers' wise words.

Determined not to let yesterday’s troubles dictate her today, she started the day with a fresh mindset.

She addressed the previous day's issues calmly and focused on her tasks with renewed energy.

By the end of the day, Emily had turned things around and felt accomplished.

As you navigate your day, remember that each new day is a fresh start.

Don’t let past disappointments weigh you down. Embrace today with positivity and focus on the opportunities it brings.

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!

Rise & Shine ☀