Swiggy launches ‘Scenes’🥳
Bitcoin surges above $106000, upGrad posts Rs 1876 Cr gross revenue, SanchiConnect and YourNest invest in 8 startups, Funding Deals and more.
Good morning and welcome to Monday’s edition of Rise & Shine!
"Courage starts with showing up and letting ourselves be seen."
— Brené Brown
Brené Brown’s empowering words remind us that true courage lies in vulnerability, stepping forward, and allowing ourselves to be seen for who we truly are.
Whether we share our ideas, express our emotions, or step into unfamiliar situations, courage begins the moment we allow ourselves to be authentic and visible, no matter how daunting it feels.
Tech Updates
Swiggy launches ‘Scenes’ app for live events to rival Zomato’s District app
Weeks after Zomato unveiled District, its dedicated app for experiences and event tickets, Swiggy has fired back with Scenes. This latest move intensifies the rivalry between the two food delivery giants as they expand their turf wars beyond food delivery and quick commerce. Through Scenes, Swiggy lists events like New Year’s Eve parties, live music shows, DJ nights, and other experiences hosted by partner restaurants, allowing users to purchase tickets directly within the Swiggy app.
Bitcoin surges above $106,000 on strategic reserve hopes
Bitcoin surged to a record high above $106,000 on Monday after President-elect Donald Trump suggested he plans to create a US bitcoin strategic reserve similar to its strategic oil reserve, stoking the enthusiasm of crypto bulls. Bitcoin, the world's biggest and best known cryptocurrency, hit a high of $106,533 and last traded up 3.2% to $104,462. Smaller crypto ether rose 1.5% to $3,965.
upGrad posts Rs 1,876 Cr gross revenue in FY24, EBITDA losses down by 50%
upGrad, a skilling and learning platform, reported gross revenue of Rs 1,876 crore for the fiscal year ending March 2024. After adjustments under Ind-AS accounting standards, the company's total income stood at Rs 1,547 crore. The Mumbai-based firm carried forward Rs 507 crore in unrecognized but collected advance revenue to future years.
SanchiConnect and YourNest invest in 8 startups under VAP
SanchiConnect, a deep-tech enablement network in partnership with YourNest Venture Capital, has invested Rs 48 crore (about $6 million) in eight transformative startups under its Velocity Accelerator Program. The program aims to nurture groundbreaking ideas and drive economic growth in the country’s startup ecosystem.
Funding Deals
Intercity mobility startup ZingBus is raising Rs 59 crore (approximately $7 million) led by BP Technology Ventures.
Prop-tech startup Inkers Technology has raised $3 million in its Series A funding round led by Ashish Kasholia from Lucky Investments.
Silk proteins-based medical devices startup Fibroheal Woundcare has raised Rs 6.3 crore in its pre-Series A round from existing promoters and new investors, including surgeons, medical professionals, and bankers.
Electric vehicle startup VOICE has secured Rs 5 crore in a seed funding round led by BizDateUp.
👀 Short Story: The Brave Presenter
Emma, a junior employee, had an idea that could improve her team’s workflow. Nervous about speaking up in a meeting, she almost stayed silent, afraid of judgment.
However, inspired by Brené Brown’s words, Emma mustered the courage to share her idea. Her suggestion was well-received and implemented, earning her recognition from her colleagues and superiors.
Emma discovered the power of her voice by showing up and letting herself be seen.
Tweet of the day🐥
Today, embrace the courage to show up and be seen, even if it feels uncomfortable. Your authentic presence has the potential to create change and inspire others.
Rise & Shine is here to remind you that courage begins with taking the first step.
Have a brave and authentic Monday!
Thanks for reading till the end!