Xerox signs $1 Bn IT services deal🤝🏻
Zomato, Swiggy amid CCI probe, India has become an AI hub for startups, Funding Deals and more.
Good morning and welcome to Monday’s edition of Rise & Shine!
"To bring about change, you must not be afraid to take the first step. We will fail when we fail to try."
— Rosa Parks
Today, Rosa Parks’ inspiring words encourage us to be bold in taking the first step toward change. True failure, she reminds us, happens only when we don’t attempt.
Taking that initial step, no matter how small, is the foundation for growth and transformation.
Tech Updates
Xerox signs $1 billion IT services deal with TCS and HCLTech
Xerox will source IT services worth more than $1 billion from Tata Consultancy Services and HCLTech over the next 5-7 years, the digital printing company said in a regulatory filing. Its new deal with HCLTech is worth $590 million for five years, while that with TCS is for $490 million over seven years.
Zomato, Swiggy say firms in compliance with competition laws amid CCI probe
Zomato will “promptly comply” with any recommendations by the Competition Commission of India (CCI), the Gurugram-based company said, responding to queries by stock exchanges on media reports of food delivery platforms being found to be allegedly violating antitrust provisions.
India has become an AI hub for startups
American investment banks are in talks with Indian startups to collaborate and leverage artificial intelligence (AI)-based solutions. According to Sal Cucchiara, chief information officer for wealth & investment management technology, Morgan Stanley, the growth process of startups in the country has come along impressively.
Funding Deals
Unified enterprise AI agent platform UnifyApps has raised $20 million in its Series A funding round, led by ICONIQ Growth, with participation from existing investors, including Elevation Capital.
Equal, a data-sharing and identity verification platform, has raised $10 million in its Series A round led by Prosus Ventures, Tomales Bay Capital, and its founder, Keshav Reddy, at a post-money valuation of $80 million.
Artificial Intelligence (AI) software platform Thesys has raised $4 million in seed funding led by Together Fund, with participation from 8vc.
⏩ Short Story: The First Step Forward
When Sarah realized her community lacked a safe place for children to play, she proposed the idea of a community playground. Although she feared rejection and doubted whether she had the resources, Rosa Parks’ words inspired her to take that first step.
Sarah reached out to neighbors, organized fundraisers, and rallied support. Over time, her initiative gained traction, and the playground was built, creating a lasting positive impact in the community. By daring to try, Sarah brought about meaningful change.
Tweet of the day🐥
As you begin your week, remember that every change starts with a single, courageous step. Don’t let fear hold you back from trying.
Rise & Shine reminds you that the willingness to try is the first step toward making a difference.
Have a bold and inspiring Monday!
Thanks for reading till the end!