Vibrant Gujarat Buzz🌐
Ola's FY23 Progress, Netflix's Stellar Gains, Zomato's Daily Payouts, Funding Moves and Wise Words.
Greetings, Students of Wisdom and Warriors of the Spirit!
In today's Rise & Shine edition, we step onto the mat of life with the insightful philosophy of Renzo Gracie.
“My opponent is my teacher. My ego is my enemy”
— Renzo Gracie
Imagine a world where opponents are not adversaries but esteemed teachers, and ego is recognized as the true opponent.
Join us as we explore the transformative power of seeing challenges as opportunities for growth and the pivotal role of humility in the pursuit of mastery.
Get ready to embrace the mindset of a lifelong student and turn adversities into stepping stones.
Ola sees FY23 loss narrow to Rs 1,082 crore
ANI Technologies, the parent of ride-hailing startup Ola Cabs, narrowed its standalone loss by 65% to Rs 1,082 crore in the last financial year. Sales surged 63% to Rs 1,987.5 crore from Rs 1,220 crore a year earlier.
Netflix India FY23 revenue jumps 24%, profit soars 75%
Propelled by cheaper subscription plans and an expanded slate of titles, online video streaming platform Netflix's India arm has reported a 24% increase in revenue in FY23 at Rs 2,214 crore.
Key announcements from Vibrant Gujarat Summit
The 10th edition of the Vibrant Gujarat Summit was inaugurated by Prime Minister Narendra Modi in Gandhinagar.
Tata’s chip plant in Dholera: The company plans to start work on a 20 gigawatts battery storage factory in Gujarat within the next few months.
A new data centre: Nvidia’s partner Yotta is setting up an AI data centre in Gujarat’s GIFT City, which will go live before the end of March
Paytm’s GIFT City investment: One 97 Communications Limited (OCL), the parent entity of Paytm, has announced an investment of Rs 100 crore in GIFT City.
Zomato offers daily payouts to small restaurant partners
Food-delivery startup Zomato has introduced daily payouts for small restaurant partners listed on its platform. Restaurant partners that receive 100 or fewer orders a month will be eligible for these payouts, the company said.
Organic dairy startup Akshayakalpa Organic has raised Rs 100 crore or $12 million in its Series C round led by A91 Partners.
Direct-to-consumer (D2C) bakery brand The Baker’s Dozen has raised Rs 33 crore in a funding round led by Wipro Consumer Care Ventures — the venture capital arm of Wipro Consumer Care & Lighting, Mirabilis Investment Trust, and She Capital, along with existing investor, Fireside Ventures.
Glamplus, a SaaS-enabled B2B beauty marketplace, has raised Rs 16.5 crore in a pre-series A round from Upsparks Capital, Eagle10 Ventures, ITI Growth Opportunities Fund and Inflection Point Ventures.
Electric vehicle logistics-tech startup EVIFY has secured $1.3 million in pre-Series A round co-led by GVFL and Piper Serica Angel Fund and participation from existing investors We Founder Circle, IVY Growth and other angel investors.
Chronic pain management platform FlexifyMe has raised Rs 10 crore in its seed funding round co-led by IvyCap Ventures and Flipkart Ventures. The round also saw the participation of GSF, Chandigarh Angels, Venture Catalyst and Ah! Ventures.
Fintech startup Mylapay has raised Rs 4.6 crore ($550K) in a seed round led by venture capital firm CDM Capital. The round also saw participation from Singapore-based Saison Capital (Credit Saison’s Venture Capital arm) and 77 Capital (led by Amit Goel).
Artificial intelligence global admissions startup Ambitio has raised Rs 1.55 crore in its pre-seed round co-led by First Cheque and other investors.
🛡️ Short Story: The Dojo of Life
In a bustling city, a martial artist named Kai embraced Renzo Gracie's wisdom, "My opponent is my teacher. My ego is my enemy."
Kai opened a small dojo for physical training and as a sanctuary for life's lessons.
The students, viewing each other as opponents in the journey of self-improvement, discovered that the greatest battles were not fought against each other but against the ego within.
The dojo became a symbol of growth, where opponents were respected and egos were left at the entrance.
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As we wrap up this edition, anticipate tomorrow's exploration into the overlooked advantage of thinking long-term.
Stay tuned for a fresh perspective that promises to unveil the power of strategic vision in shaping a fulfilling life.
Thank you for being part of our community, where together, we embrace challenges as teachers and navigate life's dojo with humility.
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!