Unacademy to go beyond edtech👔

PB files for listing, Zomato Pro Plus, Big Bull to invest Rs31 Cr and much more.

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Unacademy raises $440 Mn, valued at $3.44 Bn👨🏻‍💻

Unacademy cofounder & CEO Gaurav Munjal stated that the six-year-old startup, which began as a learning channel on YouTube, "wants to position itself as a broader technology firm with multiple consumer-facing products, and not be restricted to edtech."

Roman Saini (Co-Founder), Hemesh Singh (CTO), Gaurav Munjal (CEO)

The edtech firm, which was valued at $2 bn less than a year ago, has now experienced a 70% increase in the current round.

Unacademy intends to use the fresh capital to launch new business lines in areas such as jobs and recruiting, where it will compete with companies such as Naukri.com and Linkedin.

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PolicyBazaar files for Rs 6017 Cr IPO📊

Policybazaar, India's largest online insurance aggregator and the sixth-largest fintech firm, is set to raise Rs 6,017 crores from the market. It will be the second big firm in Info Edge’s portfolio to go public after Zomato.

95% of Policybazaar’s revenue comes from commissions from insurance companies for selling policies.

In India, barely 4 out of 100 people have any type of insurance, leaving a significant possibility for expansion.

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Hot Shorts ⚡

• Square, the digital payments firm of Twitter co-founder Jack Dorsey, has acquired Australian payments firm Afterpay in a $29 billion all-stock deal to create a global online payments giant.

• Shares of Raghav Productivity Enhancers, a relatively unknown company, were caught in the upper circuit on Monday. Rakesh Jhunjhunwala, aka 'Big Bull,' is planning to invest up to Rs 31 crore in the company.

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Zomato Offers Unlimited 'Free' Deliveries🍔

Zomato Ltd. has announced plans for unlimited free delivery as part of Zomato Pro Plus for select Zomato Pro members. It will be a limited circulation offer only.

Extra surge or distance fee will not be applicable to subscribers of ‘Zomato Pro Plus’, which at present is in invite-only mode.

Deepinder Goyal @deepigoyal

We have 1.8mn Zomato Pro members as of today. And one of the most requested features from our customers has been “Unlimited Free Deliveries” (something like Amazon Prime). So… in a few hours, we are launching our Limited Edition *Pro Plus* membership for select customers…

Zomato first introduced a customer membership program in 2017, which is now known as Zomato Pro. Expanding its Pro membership base is part of Zomato’s growth strategy.

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Tweet of the day🐥

Shane Parrish @ShaneAParrish

Clever wins the moment. Wise wins the decade.

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✅ Adani Wilmar, the maker of the popular edible oil brand ‘Fortune,' seeks Rs 4500 Cr IPO. The firm aims to be the largest food company in India by 2027. Adani 🚀

✅ Paytm Money has opened 2.1 lakh Demat accounts, with an average investment of more than Rs 70,000 per account, with millennials leading the segment. 👏

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'Knowing Others Is Wisdom, Knowing Yourself Is Enlightenment'

- Lao Tzu

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