UPI vs Debit Cards⚔️
UPI vs Debit Cards⚔️
India's global semiconductor industry, Purplle clocks 43% rise in FY24, Uber relaunches Black in Mumbai, Funding Deals and more.
Good morning and welcome to Thursday’s edition of Rise & Shine!
"Gain control of your time, and you will gain control of your life."
— John Landis Mason
Today, John Landis Mason’s quote offers a valuable reminder that mastering time management is key to mastering life itself.
Time is a resource that, once managed well, allows us to align our daily actions with our long-term goals.
Tech Updates
UPI features like ATM withdrawals, circle likely to hit debit cards hard
New features like cash withdrawals from ATMs and delegated payments could further enable the Unified Payments Interface (UPI) to eat up a larger share of the debit card market, speeding up the decline of this traditional savings account-based payment instrument, according to industry executives. Debit cards, once a popular retail payment instrument, have been on a significant decline over the last few years.
India will play a major role in driving the global semiconductor industry: PM Modi
It is now the age of silicon diplomacy, PM Narendra Modi said at the Semicon India industry conference in Greater Noida on Wednesday, adding that India will play a major role in driving the global semiconductor industry and the mission to create a resilient global supply chain amid disruptions.
Purplle clocks 43% rise in FY24 revenue to Rs 680 crore, trims loss by 46%
Beauty retailer Purplle posted a 43% rise in operating revenue to Rs 680 crore for the financial year ended March 31, 2024, from Rs 475 crore in FY23. Consolidated net loss narrowed by 46% to Rs 124 crore in FY24.
Uber relaunches flagship product Black in India starting with Mumbai
Ride-hailing platform Uber on Wednesday announced the launch of its flagship top-of-the-line product Uber Black, starting with Mumbai next week. The move targets the rising demand among Indian customers for premium services, reflecting a trend where consumers across various segments are increasingly spending on high-end experiences.
Funding Deals
MSMEs-focused fintech lender FlexiLoans has raised Rs 290 crore approximately $35 million in its series C round led by global investors Accion, Nuveen (the investment manager of TIAA), and Fundamentum, along with existing backer Maj Invest.
Wealthtech startup Centricity has raised $20 million in a seed funding round led by Lightspeed. Paramark VC, along with existing investors such as Burman Family Office, Shantanu Agarwal, and angel investors including Ritesh Agarwal, Vishal Dhupar, and the MS Dhoni Family Office, also participated in the round.
Gaming and sports media company Nazara has acquired a 15.86% stake in Stan, a blockchain-based e-sports fan engagement startup, for an aggregate cash consideration of up to $2.2 million.
FMCG direct-to-consumer startup Mitra has raised Rs 11 crore in its pre-Series A round led by Bestvantage Investments, with participation from a Dubai-based strategic family office headed by Mr. Surya, who contributed Rs 5 crore.
Zivy, an AI tool for prioritizing workplace messages and tasks, has raised $1.2 million in a pre-seed funding round co-led by Blume Ventures, Paradigm Shift Capital, iSeed, Everywhere Ventures, Indian Silicon Valley, and Marsshot Ventures. The round also saw participation from angel investors such as Ashwin Bhatnagar, Anand Balaji, Razorpay co-founder Harshil Mathur & Shashank Kumar and Kunal Shah.
⌛ Short Story: The Power of Time Mastery
David, a busy marketing manager, often found himself overwhelmed by deadlines and meetings, feeling like there was never enough time in the day to accomplish everything.
Frustrated by his lack of progress on key projects, David decided to track his time for a week. He quickly realized he was spending too much time on distractions and unimportant tasks.
Inspired by Mason's quote, David restructured his daily routine, dedicating focused blocks of time to his most important work and minimizing time spent on less productive activities.
With this newfound control over his time, David not only saw an increase in productivity but also regained a sense of balance in his personal life. His career advanced more smoothly, and he felt more in control than ever before.
Tweet of the day🐥
As you approach today’s tasks, think about how you can gain greater control over your time. By prioritizing what truly matters and managing your time effectively, you’ll find yourself in better control of your life’s trajectory.
Rise & Shine is here to inspire you to maximize your time and make each moment count.
Have a focused and time-managed Thursday!
Thanks for reading till the end!