Uber to deal with Shadowfax🏍️
Uber to deal with Shadowfax🏍️
Sachin Tendulkar backs Sugar.fit, Persistent Systems acquires Arrka, Titan Capital launches Indicorns index, Funding Deals and more.
Good morning and welcome to Tuesday’s edition of Rise & Shine!
“If we wait until we’re ready, we’ll be waiting for the rest of our lives.”
— Lemony Snicket
Today, Snicket’s words remind us that waiting for the perfect moment often leads to missed opportunities. Sometimes, leaping is the only way forward.
The truth is, that progress comes from action, not from waiting for the right moment.
Tech Updates
Uber in deal with Shadowfax to integrate two-wheeler fleet
Uber has tied up with hyperlocal logistics provider Shadowfax to integrate the latter's two-wheeler fleet with the ride-hailing platform's UberMoto bike-taxi offering. Two-wheeler riders servicing IPO-bound Shadowfax will be able to switch during lean hours of work to UberMoto and provide bike-taxi services.
Sachin Tendulkar backs health-tech startup Sugar.fit; comes on-board as brand ambassador
Legendary Indian cricketer Sachin Tendulkar has joined the cap table of Sugar.fit, a health-tech startup that seeks to manage and reverse type 2 and pre-diabetes. Along with the strategic investment, Tendulkar will also come on-board as the company’s brand ambassador.
Persistent Systems acquires Pune-based data privacy management firm Arrka
Persistent Systems to acquire Pune-based data privacy management firm Arrka for a total consideration of Rs 14.4 crore. This marks the third acquisition by the IT engineering firm in this fiscal year.
Titan Capital launches Indicorns index showcasing profitable startups
Titan Capital has launched Indicorns, a new index that highlights profitable startups with over Rs 100 crore in revenue. This initiative underscores the rising trend of self-sustaining businesses in India, demonstrating that startups can achieve profitability without relying heavily on external funding.
Funding Deals
Fintech startup BASIC Home Loan has raised $10.6 million (Rs 87.5 crore) in its Series B round led by Bertelsmann India Investments (BII), along with CE-Ventures. The round also saw participation from existing investors, including Gruhas, Let’s Venture, 9Unicorns, and Venture Catalysts.
Mental health platform LISSUN has raised $2.5 million in its pre-Series A round led by RPSG Capital Ventures. The round also saw new investors such as Multiply ventures and Atrium Angels along with existing investors such as Ivycap Ventures, Rainmatter and Sucseed Ventures.
Zintlr, a B2B SaaS platform specializing in sales intelligence and prospecting, has raised Rs 7.5 crore in its seed funding round led by Om Jain. Other investors include JITO Incubation and Innovation Foundation (JIIF), Motilal Oswal (Motilal Oswal Financial Services), Vimal Shah (Bidco Group), Sparsh Jain (JG International Infra Limited), Vinod Dugar (Modak Vyapaar Private Limited), and Vimal Khivesara.
Fresh fruits and vegetables platform Pluckk has acquired nutrition brand Upnourish for $1.4 million.
💡 Short Story: The Hesitant Entrepreneur
Aisha always dreamed of starting her own business but kept delaying it, waiting for the "right time." She wanted more experience, better funding, and clearer direction.
One day, after hearing Snicket’s quote, she realized there would never be a "perfect" time.
With determination, Aisha launched her business with the resources she had at the moment. The first few months were full of challenges, but through learning and adapting, her business grew into something successful and sustainable.
Aisha discovered that jumping in was the only way to move forward truly.
Tweet of the day🐥
As you go through today, think about the opportunities you may be delaying, waiting for the right moment. Don’t let perfectionism or fear hold you back.
Rise & Shine encourages you to take action, knowing that growth happens in the doing, not in the waiting.
Have a bold and action-packed Tuesday!
Thanks for reading till the end!