Zepto Cafe reaches 1L daily orders☕️
Veranda Learning acquires stake, Swiggy to invest Rs 1000 Cr in Scootsy, Nifty 50 more expensive, Funding Deals and more.
Good morning and welcome to Monday’s edition of Rise & Shine!
"Don’t ask what the world needs. Ask what makes you come alive, and go do it."
— Howard Thurman
Today, Thurman’s words encourage us to shift our focus inward. True impact begins when we follow what energizes and excites us rather than just meeting external expectations.
Instead of shaping your life around what others expect, focus on what ignites your curiosity and drive—the world benefits most from people who are truly alive in their work.
Tech Updates
Zepto Cafe reaches 100,000 daily orders, nears $100 mn GMV run-rate
Zepto Café, the 10-minute food delivery service of quick commerce unicorn Zepto, has now reached a milestone of 100,000 orders per day, the company's co-founder and chief executive officer (CEO), Aadit Palicha said. The accomplishment comes nearly two weeks after exceeding the 75,000 daily orders mark. In a LinkedIn post, Palicha added that the gross merchandise value (GMV) is projected to reach $100 million over the full year.
Veranda Learning acquires 40.41% Stake in BB Virtuals and 65% in Navkar Digital
Veranda Learning will buy an additional 10.59% stake in BB Virtuals by June 2025. This will strengthen Veranda Learning's position in commerce education across India, and its commerce division is expected to reach a pro forma EBITDA of over Rs 120 crore for FY25. Veranda is a publicly listed digital learning platform offering test prep for government exams, banking, insurance, railways, and more. BB Virtuals is an online platform for CA and commerce aspirants.
Zomato, Jio Financial Services’ entry to make Nifty 50 more expensive
The entry of new-age tech stocks Zomato and Jio Financial Services into the benchmark Nifty 50 is expected to expand the index’s valuation by 2.5%. Zomato and Jio Financial Services will enter the Indian stock market benchmark index Nifty 50 from March 28, 2025, as announced by the National Stock Exchange (NSE), in the upcoming semi-annual indices reshuffle.
Swiggy to invest Rs 1000 Cr in subsidiary Scootsy for biz expansion
Food delivery and quick-commerce platform Swiggy Limited has announced an investment of up to Rs 1,000 crore (approximately $117 million) in its wholly owned subsidiary, Scootsy Logistics, to support business expansion and operational growth. Scootsy Logistics specializes in supply chain services and distribution, including warehouse management, order fulfillment, and last-mile delivery solutions.
Funding Deals
Quick commerce platform KiranaPro has roped in PV Sindhu, India’s badminton player, as both an investor and brand ambassador.
One MobiKwik Systems, the parent company of fintech firm MobiKwik, is acquiring 3.39% of the share capital (on a fully diluted basis) of Blostem Fintech.
Fintech startup PayRange has acquired Turns, a vertical SaaS startup in the laundry space.
👨🏻🏫 Short Story: The Inspired Teacher
Riya, a corporate employee, felt unfulfilled despite career success. She had always loved working with children but never considered teaching as a career.
One day, she started volunteering at a community center and felt an energy she hadn’t experienced in years. Eventually, she transitioned into education, realizing that her true calling wasn’t what the world told her was valuable—it was what made her come alive.
Tweet of the day🐥
As you begin this week, take a moment to reflect: What excites you? What makes you feel truly alive? Follow that, and the impact will follow.
Rise & Shine is here to remind you that passion is the spark that fuels purpose.
Have a fulfilling and purpose-driven Monday!
Thanks for reading till the end!