Zomato to buy Paytm's ticketing biz🍿
Oyo eyes Rs 1000 crore fundraise, ONDC is bulking up fintech play, Layoffs, Funding Deals and more.
Good morning and welcome to Monday’s edition of Rise & Shine!
“Just one small positive thought in the morning can change your whole day.”
- Dalai Lama
As we start a new week, today’s quote highlights the power of beginning our day with a positive thought.
Reading Rise & Shine daily provides you with a fresh perspective and a dose of motivation to kickstart your morning.
Tech Updates
Zomato set to buy Paytm’s movie ticketing, events business for Rs 2,000 crore
Zomato is in talks to acquire Paytm’s movie booking and events unit as the food delivery major looks to build on its ‘going-out’ businesses. Currently, Zomato offers ticket-booking services for events, along with operating a food festival called Zomaland. It has been keen to make events and entertainment its fourth pillar.
Oyo eyes Rs 1,000 crore fundraise from Indian family offices
Hospitality startup Oyo is in an advanced stage of talks to raise around Rs 1,000 crore after withdrawing its IPO application last month. Family offices of top Indian corporate executives, such as Ramesh Juneja and Rajeev Juneja, the promoters of Mankind Pharma, and stock market expert Anand Jain, are likely to pick up a stake in the Gurgaon-based firm, sources told us.
ONDC is bulking up financial services play with consumer-facing apps
The government-backed Open Network for Digital Commerce (ONDC), which aims to take ecommerce to the small retailers of the country and places beyond the metropolitan cities, has now started pilots for financial services. Tata Neu and Paisabazaar are participating in these pilots.
Pink slip count at startups falls to 10,000 amid funding blues
Indian startups have laid off about 10,000 employees so far in 2024 even as companies continue to hire talent cautiously with a focus on improving bottom lines early on in their lifecycle. With about 10,000 layoffs, the first half of 2024 has been better than the last six months of 2023.
Funding Deals
Prosperr.io, a fintech SaaS platform for automating income tax, has raised $1.55 million in its pre-seed round led by Gokul Rajaram, a board member at Pinterest and Coinbase. The round also saw participation from notable angel investors including Vinodh Bhat (President & Co-founder JioSaavn), Ramakant Sharma (founder Livspace), Kunal Shah (QED Ventures), Saurabh Jain (CEO, Livspace), among several others.
💡Short Story: The Power of Positivity
Sarah had a habit of waking up and immediately worrying about her long to-do list.
One day, she decided to try something different. As soon as she opened her eyes, she thought about one positive thing she was grateful for.
That morning, she focused on the warmth of her cozy bed. This small shift in thinking set a positive tone for her day. She felt more energized, handled challenges more calmly, and found herself smiling more.
This simple practice of starting with a positive thought became her daily ritual, transforming her outlook on life.
Tweet of the day🐥
Starting your day with a positive thought can have a profound impact on your mood and productivity.
Embrace this small but powerful habit, and watch how it transforms your days.
Make Rise & Shine part of your morning routine and experience the uplifting effect it can have on your life.
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!
Have a wonderful week ahead!
Thanks for reading till the end!
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