Zomato replaces JSW Steel in Sensex📊
Swiggy owns WPL Mumbai team, Moglix acquires Khatema Fibres, 73% of GenZ using GenAI into their daily tasks, Funding Deals and more.
Good morning and welcome to Tuesday’s edition of Rise & Shine!
"Don't wait. The time will never be just right."
— Napoleon Hill
Today, Napoleon Hill’s timeless wisdom reminds us that waiting for the "perfect time" often leads to missed opportunities. Action, not timing, is what moves us forward.
Progress begins when we take the first step, even if the conditions aren’t ideal. Momentum is built through action, not waiting.
Tech Updates
Zomato shares zoom 7% amid Sensex entry, replacing JSW Steel
Zomato shares zoomed 7% to their day’s high of Rs 282.85 on the BSE as the food delivery company is set to replace JSW Steel in the BSE Sensex as part of the index reconstitution, effective December 23. On Friday, Asia Index Private Ltd, a fully-owned subsidiary of BSE, announced changes to several indices, including the BSE 100, BSE Sensex 50, and BSE Sensex Next 50.
Swiggy is the owner of World Pickleball League’s Mumbai team
Online food ordering and delivery platform Swiggy has taken ownership of Team Mumbai in the World Pickleball League (WPBL), India’s first and only global franchise-based pickleball league. Co-founded by former Indian tennis players Gaurav Natekar and Arati Ponnappa Natekar, the inaugural season of the WPBL is set to take place from January 24 to February 2, 2025.
E-commerce startup Moglix acquires Khatema Fibres to strengthen packaging vertical
Enterprise e-commerce unicorn Moglix has announced the strategic acquisition of Khatema Fibres, a Uttarakhand-based sustainable paper manufacturer with an annual production capacity of 50,000 metric tonnes. The acquisition aligns with Moglix’s broader goals, complementing its recently launched next-day delivery service in over 12 cities, which is set to expand to 40 cities in the near future.
73% of GenZ integrating GenAI into their daily tasks: upGrad Report
GenZs believe that GenAI will play a supportive, if not central role in their careers over the next 5 years. Adoption rates are high, with 73% of GenZ already integrating GenAI into their daily tasks, according to a report by edtech startup upGrad.
Funding Deals
Mobile-first credit card startup OneCard is raising Rs 239.4 crore or $28.5 million from Better Tomorrow Ventures, Peak XV (previously Sequoia Capital), and Z47 (previously Matrix Partners).
Biomaterials startup Ukhi has secured $1.2 million in a pre-seed funding round. The funding round combines equity investment led by 100Unicorns, along with participation from Venture Catalysts and angel investor Avtar Monga, alongside debt funding from SIDBI (Small Industries Development Bank of India).
Pyramid Analytics, an AI business analytics company has raised $50 million in new financing from Blackrock, the world's biggest asset manager.
✍🏻 Short Story: The Hesitant Writer
Anna, a passionate writer, dreamed of publishing her first book but kept postponing the process, telling herself she needed more time, better ideas, or the right connections. One day, inspired by Hill’s quote, she decided to start where she was—with her scattered drafts and imperfect notes.
Anna set a daily writing goal and stuck to it, despite her doubts. Over time, her book came to life, and it was eventually published to great success. Anna realized that taking imperfect action was the key to achieving her dreams.
Tweet of the day🐥
Today, don’t let the idea of "perfect timing" hold you back. Start where you are, with what you have, and take that first step.
Rise & Shine is here to remind you that action creates opportunity and success follows those who begin.
Have an action-filled and determined Tuesday!
Thanks for reading till the end!