Zomato's 4x Profits📈
Microsoft partners with Sarvam AI, ONDC Pilot Launch in HP, Google-MH Gov's AI Initiative, Funding Highlights and the urge to quit.
Hello, Resilient Souls and Champions of Perseverance!
"It’s okay to be discouraged. It’s not okay to quit."
Envision a life where discouragement is acknowledged, yet the flame of perseverance continues to burn brightly.
Join us as we explore the transformative philosophy that setbacks may dampen spirits momentarily, but quitting is never an option.
Get ready to embrace the resilience that turns challenges into stepping stones toward success.
Tech Updates
Zomato profit jumps nearly fourfold QoQ to Rs 138 crore
Food-delivery company Zomato's third-quarter earnings beat estimates on the back of robust growth in its food-delivery and hyperpure businesses. Net profit jumped nearly 4x (283%) quarter-on-quarter (QoQ) to Rs 138 crore.
Microsoft partners with Chennai-based Sarvam AI for genAI tools
Microsoft will support the development of voice-based generative artificial intelligence (AI) applications through a partnership with Indian startup Sarvam AI. Sarvam AI is working with Microsoft to make its Indic Voice large language model (LLM) available on Azure.
Government launches pilot in Himachal Pradesh to onboard fair price shops on ONDC
The Union Commerce Ministry’s Department of Food and Public Distribution (DFPD) has launched a pilot in Himachal Pradesh to onboard fair price shops on the government-backed Open Network for Digital Commerce (ONDC), said the network’s chief executive T Koshy.
Google, Maharashtra government to collaborate for AI-led development
Google said it has joined hands with the Maharashtra government to collaborate and drive innovative and scalable solutions in key sectors including agriculture, healthcare, sustainability, education, and startups.
SoftBank posts $6.6 billion profit, first in five quarters
Japan's SoftBank Group returned to profit for the first time in five quarters, as the Japanese tech investment firm was buoyed by an upturn in portfolio companies, sparking hope that it was emerging from a period of retrenchment.
Funding Deals
E-commerce roll-up firm GlobalBees has raised Rs 150 crore or $18 million in a debt round from Avendus.
AI SaaS startup Attentive Inc has raised $7 million in its Series A round led by Vertex Ventures Southeast Asia and India, with participation from existing investors Peak XV Partners and InfoEdge Ventures.
Affordable smartphone-based test kits Neodocs has raised Rs 16.6 crore or $2 million in its seed round led by Omidyar Network India.
Agetech startup Ivory has raised $500K in a new round led by early stage VC fund Capital A.
🦅 Short Story: The Phoenix Within
In a determined town, a resilient heart named Alex lived by the mantra, "It’s okay to be discouraged. It’s not okay to quit."
Alex, facing setbacks with courage, inspired the community to see adversity as the birthplace of strength.
Inspired by Alex's unyielding perseverance, the town began to see that, like a phoenix rising from ashes, every challenge was an opportunity for a triumphant comeback.
Tweet of the day🐥
As we conclude this week's journey, reflect on the resilience within.
Thank you for being part of our community, where together, we acknowledge moments of discouragement but never surrender to the urge to quit.
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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