Zomato leads food delivery market🍜
Ranveer Singh picks up stake in SuperYou, ED uncovers direct links with sellers, Funding Deals and more.
Good morning and welcome to Wednesday’s edition of Rise & Shine!
"Great things are not done by impulse, but by a series of small things brought together."
— Vincent Van Gogh
Vincent Van Gogh’s timeless words remind us that greatness isn’t achieved in a single leap but through consistent, small actions woven together over time.
Rather than seeking instant results, focusing on steady, incremental progress allows us to build something truly remarkable.
Tech Updates
Zomato leads food delivery with 58% market share in Q1, Blinkit tops quick commerce: Motilal Oswal
Deepinder Goyal-led Zomato is leading India's food delivery space with a market share of 58% in the first quarter of FY25, according to a report by Motilal Oswal. Recently-listed rival Swiggy lags with a 42% share. In the rapidly growing quick commerce space, Zomato-owned Blinkit commands a 46% market share, followed by Zepto at 29% and Swiggy Instamart at 25%, in Q1FY25.
Actor Ranveer Singh picks up 50% stake in protein food brand SuperYou
Bollywood actor Ranveer Singh has picked up a 50% stake in protein food and supplements brand SuperYou for an undisclosed amount. It was co-founded with Nikunj Biyani, nephew of the founder of the now-bankrupt Future Group Kishore Biyani. Singh will be actively involved in the company’s operations as the co-founder, to open it up to a wider audience.
ED uncovers Amazon and Flipkart's direct links with sellers
The Enforcement Directorate (ED) has uncovered evidence suggesting ecommerce giants Amazon and Flipkart exert significant control over their preferred sellers. The federal agency probing alleged foreign investment law violations has questioned the ‘top five’ sellers of both Amazon and Flipkart, revealing that most are "directly related" to the ecommerce giants.
Funding Deals
Blitz (previously Grow Simplee), a same-day delivery platform for omnichannel sellers, has raised Rs 51 crore in its Series A round led by IvyCap Ventures.
Mayank Bidawatka, co-founder of the vernacular microblogging platform Koo, has raised $4 million for his new consumer tech startup, Billion Hearts, in a funding round led by early-stage venture capital firm Blume Ventures.
Proost, a homegrown beer startup co-founded in 2017 by Tarun Bhargava and Vijay P. Sharma, has raised Rs 30 crore in its ongoing Series-A funding round co-led by Chimes Group and Srinivasan Namala. The round also witnessed participation from Hyderabad Angels, The Chennai Angels, and other HNIs.
Mumbai-based manufacturer of wood-pressed oils Indic Wisdom has raised $2 million in its pre-Series A round led by Rockstud Capital along with other investors.
Fintech startup PeLocal has raised $2 million in a seed funding round led by Unicorn India Ventures.
SaaS platform Taqtics has raised $1.2 million in seed round led by Sprout Venture Partners and Capital-A, with additional participation from Java Capital.
Baanhem Ventures, the makers of Startup Thamizha, has raised fresh funding of Rs 3.3 crore from tech leader Mr. Kumar Vembu through his newly established investment firm Mudhal Partners.
Online dispute resolution (ODR) platform CADRE ODR has raised $200,000 in an ongoing pre-series A funding round from Aprameya Radhakrishna, Murali Subramanian, Ram Bhamidi, Aneesh Garg, and Rahul Guptan.
🖌️ Short Story: The Mosaic Artist
Amira, a mosaic artist, was often asked how she created her intricate designs. She explained that each mosaic comprised thousands of tiny tiles, carefully placed one by one. At first, the progress seemed slow and the design unclear, but as she continued to add pieces, the full picture emerged.
Her art became a metaphor for life—each small step matters, and together, they create something extraordinary. Amira’s journey showed that by embracing the process, greatness unfolds naturally.
Tweet of the day🐥
Today, focus on the small steps you can take toward your goals. Each action, no matter how minor, contributes to the bigger picture.
Rise & Shine reminds you that consistency and dedication pave the way to greatness.
Have a purposeful and progress-filled Wednesday!
Thanks for reading till the end!