Discover more from Rise & Shine ☀
Tata's $750M Apple Coup🤝, Cyber Insurance Surge🛡️
The Power of Apologies, Disney+ Hotstar's Subscribers Dilemma, InCred's Unicorn Leap, Funding Deals and more.
Welcome to Rise & Shine, where we draw inspiration from the profound words of Kevin Hancock.
"Apologies aren't meant to change the past, they are meant to change the future."
- Kevin Hancock
In the tapestry of our lives, apologies serve as powerful threads that weave a path toward a brighter tomorrow. Hancock's wisdom reminds us that the purpose of apologies extends beyond rectifying the past; they hold the transformative potential to shape a more harmonious and compassionate future.
Join us in exploring the art of sincere apologies, understanding that within the act of saying sorry lies the capacity to mend relationships, foster understanding, and pave the way for positive change.
Disney+ Hotstar Faces Setback: Loses 2.8 Million Subscribers in Q4 📉💔
Disney+ Hotstar, a key player in the streaming arena, reported a significant setback in its subscriber base. The platform witnessed a 7% decline in subscribers during the fourth quarter, with a staggering loss of 2.8 million subscribers. The total subscriber downturn for the year reached 23.8 million. This unexpected setback is attributed to the loss of streaming rights for the Indian Premier League (IPL), which has now found a new home on JioCinema. 🎬🔍
Tata Group Seals the Deal: Enters Apple's Supply Chain with $750 Million Wistron Takeover 🤝
Tata Group has solidified its position in the Apple supply chain by inking a binding share purchase agreement for the complete acquisition of Wistron Infocomm Manufacturing (India). This strategic move positions Tata as an iPhone assembler, marking a significant entry into Apple's ecosystem. 🍎🔧
Rising Digital Risks Spark Surge in Cyber Insurance Demands 🔒
Demand for cyber insurance is witnessing an impressive upswing. Fueled by evolving data protection laws and the rapid digitization of operations, companies are recognizing the critical need to shield themselves from the growing threat of cybercrimes. Industry insiders predict a robust growth of around 30% in the cyber insurance sector over the next few years, reflecting the escalating importance of securing the digital frontier. 💻🛡️
InCred Finance Rockets to Unicorn Status with ₹500 Crore Boost 🚀
InCred Finance, the lending powerhouse under the InCred Group umbrella, has successfully soared into the esteemed unicorn club following a formidable ₹500 crore injection in its Series D funding round. The financial prowess and strategic vision of InCred Finance have propelled it to unicorn status, making it the second Indian startup to achieve this milestone in the current year, following in the swift footsteps of the quick-commerce marvel, Zepto. 🦄✨
Bharat Housing Network, a tech platform for co-lending in affordable housing, has raised Rs 125 crore (approximately $14.5 million) in its Series A round led by Nabventures Fund with participation from Varanium NexGen Fund, 9Unicorns, Riverwalk Holdings, and SMK Ventures.
Snaptrude, a software company that provides designs for building projects, said that Foundamental VC and Accel had led a $14 million Series A fundraising round for the company.
Car service and repair firm GoMechanic, which was acquired by Lifelong Group’s Servizzy seven months ago following financial irregularities, has secured $6 million in fresh capital. Its existing shareholders include Stride Ventures and Delhi-based Lifelong India Pvt Ltd.
Snacking brand Natch has raised Rs 3 crore in a seed round led by Artha Venture Fund with participation from the DSP Family Office.
Euphoric Beverages Pvt Ltd, the company behind the cocktail brand O’ Be Cocktails, has raised an unknown sum of capital in a pre-series A round-headed by Inflection Point Ventures.
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As we bid adieu to today’s edition of Rise & Shine, we carry with us the profound understanding shared by Kevin Hancock.
Consider the apologies you offer and receive not as mere acknowledgments of the past but as catalysts for a brighter, more compassionate future. Apologies, when sincere, have the power to heal wounds, mend connections, and lay the foundation for positive change.
We invite you to embrace the transformative potential within apologies, fostering a future rich with understanding, empathy, and strengthened relationships.
Thank you for being part of our community, where together, we navigate the journey of growth and positive change.
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!