SEBI approves Ola Electric's ₹5500 Cr IPO🛵
SEBI approves Ola Electric's ₹5500 Cr IPO🛵
Nvidia loses top spot, PhonePe in talks to pre-install Indus Appstore, Jupiter’s NBFC biz raises funds, Funding Deals and more.
Welcome to Friday’s edition of Rise & Shine!
“Someone’s sitting in the shade today because someone planted a tree a long time ago.”
- Warren Buffet
Today's quote highlights the importance of actions we take today for the benefit of the future.
Tech Updates
Ola Electric secures Sebi approval for Rs 5,500 crore IPO
Ola Electric has received market regulator Securities and Exchange Board of India’s (Sebi) nod to get listed on the country’s public bourses. India’s largest electric two-wheeler maker is proposing to raise Rs 5,500 crore through a fresh issue, apart from an offer-for-sale component of 95.2 million shares.
PhonePe in talks with top smartphone brands to pre-install Indus Appstore
Digital payments platform PhonePe is in advanced discussions with two large smartphone makers to pre-install its Indus Appstore on their devices, a move that will help this homegrown alternative to the Google Play Store reach 150 million users by the year-end.
Nvidia loses top spot to Microsoft after 3% drop
Nvidia's shares declined nearly 3.4% on Thursday, handing the title of the world's most valuable company back to Microsoft. Nvidia, whose market capitalization surpassed that of Microsoft on Tuesday, was set to lose around $91 billion to its last closing market value of $3.34 trillion, at the current level of $131.88.
Jupiter’s NBFC biz raises funds from Peak XV, Matrix, others
Neobanking platform Jupiter has raised strategic funding from its existing investor for its non-banking financial (NBFC) biz. This is the maiden equity round for Amica Finance which is a separate entity. Peak XV Partners led the round with an infusion of Rs 5.25 crore followed by Matrix Partners and QED Fund with Rs 4.32 crore and Rs 3.58 crore, respectively. BEE Accelerate Fund (BEENEXT), Global Founders Capital, Tiger Global, Greyhound Capital Partners, Mirae Asset Venture Investments and Bairavan Amrish Rau poured in the remaining sum.
Funding Deals
Artificial intelligence-powered sales-intelligence startup OrbitShift has raised $7 million in a seed-funding round led by Peak XV Partners' Surge scale-up programme and Stellaris Venture Partners.
Specialty chemicals platform Distil has raised $3.1 million in a seed funding round led by Jungle Ventures and India Quotient, with participation from other investors.
Revenue automation startup MeetRecord has raised $2.7 million in a pre-series A funding round led by Singapore-based venture capital fund SWC Global, with participation from existing investor All In Capital.
Unikon.ai, which allows users to monetise their time and expertise through networking, has raised $2 million from a bunch of investors, including Zerodha cofounder Nikhil Kamath, Lenskart’s Peyush Bansal, Shiprocket’s Vishesh Khurana, and Gaurav Khatri of Noise.
Premium luggage maker Eume has raised Rs 15 crore in a funding round led by investor Ashish Kacholia.
Premium skincare brand Asaya has raised Rs 12 crore ($ 1.5 million) in a seed funding round led by OTP Ventures and Huddle Ventures, with additional investments from Eternal Capital.
Sports broadcasting technology startup Quidich Innovation Labs has raised an undisclosed amount in a funding round led by Centre Court Capital, a venture capital firm focused on sports tech and gaming, backed by the Sajjan Jindal Family Trust.
🌳 Short Story: The Power of Planting Seeds
In a small village, an elderly man named Samuel spent his days planting trees.
The villagers often questioned his efforts, pointing out that he would not live to see them grow. Samuel would smile and say, “These trees are not for me; they are for future generations.”
Decades later, the village flourished with lush greenery. The trees provided shade, fruits, and a sense of community. People gathered under them, children played around them, and they became a source of pride.
Samuel’s foresight and efforts created a legacy of comfort and beauty that benefited everyone. His actions taught the villagers the value of planting seeds today for a brighter tomorrow.
Tweet of the day🐥
Today’s story reminds us that the efforts we put in now can have a lasting impact on future generations.
Whether it's through small acts of kindness, investments in our community, or personal development, the seeds we plant today can provide shade, comfort, and benefits for years to come.
By reading Rise & Shine daily, you are nurturing a habit of reflection and positivity.
Have a wonderful day and a great weekend ahead!
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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