Swiggy plans to raise Rs 5000 Cr🍜
Swiggy plans to raise Rs 5000 Cr🍜
Ather to manufacture electric motorcycle, Pixxel to secure NASA contract, Playbook Partners $250 Mn growth capital fund, Funding Deals and more.
Good morning and welcome to Wednesday’s edition of Rise & Shine!
"Wanting to be someone else is a waste of the person you are."
— Kurt Cobain
Today, Kurt Cobain’s profound message reminds us of the importance of embracing our authentic selves and valuing the unique qualities that make us who we are.
Embracing our individuality is the key to living a fulfilled and authentic life.
Tech Updates
Swiggy upsizes IPO; plans to raise Rs 5,000 crore via fresh issue of shares
Public markets-bound Swiggy may increase the fresh issue component of its upcoming IPO to Rs 5,000 crore, from the earlier planned Rs 3,750 crore. Swiggy will seek shareholders’ approval for the same at an extraordinary general meeting on October 3.
Ather Energy to manufacture electric motorcycle
Electric scooter manufacturer Ather Energy is set to launch its first electric motorcycle. With this, it will directly compete with its arch rival Ola Electric. In June, the company said that it will set up its third manufacturing unit in Maharashtra with an investment of more than Rs 2,000 crore. Ather Energy is looking to raise Rs 3,100 crore via an initial public offering (IPO).
Pixxel becomes first Indian space startup to secure NASA contract
Homegrown spacetech startup Pixxel has won the largest supplier deal by an Indian company from the National Aeronautics and Space Administration (NASA). It has become part of NASA’s $476-million commercial smallsat data acquisition program. This is the first deal by an Indian startup. Pixxel will provide NASA, the US government and academic partners with hyperspectral earth observation data.
Playbook Partners marks first close for $250 Mn growth capital fund
Growth capital firm Playbook Partners has marked a first close as it raised over $130 million through global investors from Europe, US, Middle East, and India. The fund is using the green shoe option and can grow up to $250 million. Playbook will partner with growth-stage, tech-enabled businesses in large addressable markets.
Funding Deals
InMobi, which offers mobile advertising network software, has secured $100 million in debt financing from MARS Growth Capital, a collaboration between MUFG and Liquidity Group.
AppsForBharat, the parent company of the devotional app Sri Mandir, has secured $18 million in its Series B funding round led by Nandan Nilekani’s Fundamentum. The round also saw participation from Susquehanna Asia VC, as well as existing investors Elevation Capital, Peak XV, and Mirae Asset VC.
Nestasia, a home decor and lifestyle brand, has raised $8.35 million in a fresh funding round from Susquehanna Asia VC, Stellaris Venture Partners, and notable angel investors.
Clean-tech startup Exposome has raised Rs 10 crore in pre-Series A round led by women-centric venture capital firm Colossa Ventures. The round also witnessed participation from 3i Partners and existing investors Rahul Rathi, Bhukhanvala Holdings, Excel Industries and Spectrum Impact.
Supersquad, a startup focused on creator monetization, has raised Rs 2.1 crore in a funding round led by WLDD. The round also saw contributions from angel investors Nitin Rajput and Jivraj Singh Sachar.
E-commerce enabler GoKwik has acquired Return Prime, a global returns management app in the Shopify ecosystem.
🛣️ Short Story: The Authentic Journey
Maya, a young professional, often compared herself to her more extroverted and outspoken colleagues, believing that her quiet nature held her back. She constantly wished she could be more like them.
But after reflecting on Cobain’s quote, Maya realized that her introverted qualities gave her the ability to listen deeply and build strong, meaningful relationships.
Instead of trying to change who she was, Maya leaned into her natural strengths, creating a niche for herself as a trusted advisor within her team. Her calm demeanor and thoughtful insights became highly valued, leading to career growth and personal fulfillment.
By embracing who she truly was, Maya found success on her own terms.
Tweet of the day🐥
As you go through your day, take a moment to appreciate the unique qualities that make you, you. Rather than aspiring to be like someone else, recognize the value in your authentic self.
Rise & Shine is here to encourage you to embrace your individuality and let it shine brightly.
Have an authentic and self-empowered Wednesday!
Thanks for reading till the end!