Zepto launches membership plan⏩
Paytm discontinues deal with Payments bank, Softbank sells 2%, Cabinet approves Tata's Rs 91,000 Cr semiconductor plan, Funding Deals and more.
Hello, Balanced Souls and Champions of Action!
"Take it easy, but take it."
- Woody Guthrie
Envision a life where ease and action harmonize seamlessly, where we navigate the ebb and flow of existence with grace and determination.
Join us as we explore the transformative philosophy that true fulfillment comes from balancing relaxation and action.
Get ready to embrace the rhythm of life and seize every opportunity with intention and purpose.
Tech Updates
Zepto rolls out subscription service, fuels competition in quick commerce market
Quick commerce firm Zepto on Thursday officially announced the launch of its paid subscription service—Zepto Pass—that will offer greater discounts to consumers, ratcheting up competition in India’s growing quick commerce market.
Paytm discontinues inter-company agreements with Paytm Payments Bank
Fintech major Paytm on March 1 said it has mutually agreed to discontinue various inter-company agreements with its payments bank unit Paytm Payments Bank (PPBL) to “reduce dependencies", Reuters reported.
Cabinet greenlights Tata’s Rs 91,000-crore semiconductor foundry proposal
The Union Cabinet on Thursday approved incentives for Tata group's proposal to establish a semiconductor foundry with a cumulative investment of Rs 91,000 crore. This marks a significant step towards realising India's ambition of possessing its first domestic commercial chip fabrication facility.
SoftBank Group sells 2% stake in Paytm parent
Japan’s SoftBank Group offloaded a 2.2% stake in Paytm parent One 97 Communications between January 23 and February 26, as per stock exchange disclosures.
Funding Deals
Fintech startup CredAble has raised $10 million in a new round from Singapore-based Equentia Natural Resources.
Mobility platform IntrCity, which owns SmartBus and RailYatri, has raised Rs 37 crore (approximately $4.5 million) more in its Series C round. This round of investment has been led by Mirabilis Investment Trust, and with participation from existing investors – Nandan Nilekani’s family trust, Omidyar Network India, and US-based Ujamaa Ventures.
Silence Laboratories, which builds products to help enterprises and companies ensure data privacy through technologies like multiparty computation (MPC), has raised $4.1 million in a funding round. The round was led by Pi Ventures and Kira Studio, along with other angel investors.
Nanotechnology startup Chiral has raised $3.8 million in its pre-seed round co-led by Founderful (formerly Wingman Ventures) and HCVC and includes grants from ETH Zurich and Venture Kick.
SaaS startup Nurturev has raised $1 million in pre-seed funding led by Antler India. This round also saw participation from Sparrow Capital, ISV Capital, Blume Founders Fund, and prominent angel investors like Kunal Shah (Cred) and Deepak Diwakar (Mindtickle), among others.
Proptech firm Bandhoo has raised Rs 7.35 crore ($0.9 million) in a pre-Series A funding round led by Venture Catalysts along with participation from Neeraj Aggarwal, Manish Gupta, S Srinivasan, Amit Khera, and Abhishek Kumar.
Online seafood firm Captain Fresh has acquired CenSea Inc., a US-based frozen fish and seafood importer and distributor.
🕺🏻 Short Story: The Dance of Life
In a vibrant community, a dancer named Mia lived by the wisdom, "Take it easy, but take it."
Embodying the principles of balance and determination, Mia inspired the community to dance through life with grace and purpose.
Inspired by Mia's joyful spirit, the community began to see that true fulfillment came from embracing the rhythm of life and seizing every opportunity with intention and enthusiasm.
Tweet of the day🐥
As we conclude this edition, reflect on the importance of finding balance in your journey through life.
Thank you for being part of our community, where together, we embrace the dance of life with grace and determination.
Stay tuned for next week's exploration into new philosophies that promise to inspire and guide us on our continuous journey of growth.
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!
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