Zepto Pass gets 1 million subs🎫
Zepto Pass gets 1 million subs🎫
Groundbreaking for three chip plants, Google extends payments timeline, Indian SaaS products, Funding Deals and more.
Hello, Purposeful Souls and Seekers of Meaning!
"Your work must mean something to you and others. That's the purpose. That's fuel."
Envision a life where every task is imbued with significance, where our actions fuel our growth and uplift those around us.
Join us as we explore the transformative philosophy that true fulfillment comes from aligning our work with a greater purpose.
Get ready to ignite your passion and discover the fuel that drives you towards your goals.
Tech Updates
Groundbreaking for three chip plants likely next week
Less than two weeks after the Union Cabinet greenlit the proposals, groundbreaking ceremonies for three semiconductor projects entailing investments of $15.14 billion, including two from the Tata group, are likely to be held next week. Construction of the plants is likely to begin in 60-70 days.
Zepto Pass gets 1 million subscribers within a week of launch
Quick-commerce company Zepto on Tuesday said its membership programme Zepto Pass has got one million sign-ups within one week of launch. Taking to X, chief executive officer Aadit Palicha said, "The energy at Zepto feels just like the early days, and I've never been more excited about our company's momentum and strength of execution."
Google extends services fee payments timeline; allows in-app purchase
In a temporary reprieve for the ten Indian internet companies opposing Google’s billing norms, the Android maker has restored the status quo for the apps of these firms, allowing them an extended timeline for paying service fee for in-app transactions. The move came after Google’s Monday meeting with union IT minister Ashwini Vaishnaw and representatives of local firms.
Indian SaaS products to corner 8% global market share by 2028: report
As Indian software startups continue to target international markets, the global market share of SaaS products from India is expected to reach 8% by 2028, a latest report from advisory firm 1Lattice and venture investor Sorin Investments led by veteran dealmaker Sanjay Nayar said.
Funding Deals
Digital lending platform mPokket has raised Rs 500 crore (approximately $60 million) in debt capital from the private credit platform of BPEA Credit, the credit arm of Baring Private Equity Asia.
Enterprise-grade generative AI startup, Ema has raised $25 million in funding led by Accel, Section 32, and Prosus Ventures.
Business tools provider Exly (formerly MyScoot) has raised $6.2 million in a new round led by Chiratae Ventures. Existing backers Mayfield India and Venture Highway also participated in the round.
Wealth tech platform Vijya Fintech Private Limited (VFPL) has raised Rs 7 crore in an angel round bringing the total investment in the company to Rs 15 crore. The investors in the round include Lemon Tech, Lemon Emerging Ventures, Veloce Fintech, and tech experts.
Inknibs, a hyperlocal marketplace for books, stationery, and toys, has raised Rs 72.5 lakh in its pre-seed round from Amity Technology Incubator, Industrial Finance Corporation of India (IFCI), JSSATE STEP Incubator, and angel investors Sakshi Aswal and Arcchit Agarwal.
Sustainable energy-tech platform Urja Sathi has secured Rs 35 lakh in its seed round co-led by Paper Arizona’s co-founders Ankit Jain and Sharlee Jain.
💪🏻 Short Story: The Power of Purpose
In a bustling town, a craftsman named Alex lived by the wisdom, "Your work must mean something to you and others. That's the purpose. That's fuel."
Alex, with a deep sense of purpose in every stroke of their craft, inspired the community to find meaning in their work and uplift one another through their creations.
Inspired by Alex's passion, the town began to see that true fulfillment was not found in mere labor but in the purpose that fueled their endeavors.
Tweet of the day🐥
As we conclude this edition, reflect on the power of purpose in shaping your work and enriching your life.
Thank you for being part of our community, where together, we strive to find meaning in every endeavor.
Stay tuned for tomorrow's exploration into finding a balance between tolerance and self-discipline.
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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