๐๐ "ADB, the big daddy of Asian finance, is eyeing India's booming space sector like a kid in a candy store! VP Dasgupta spilled the beans, saying they're all in for projects that align with their SDGs.
๐ฐ๏ธ๐ ADB has dabbled in satellite projects before, but India's space sector? That's a new frontier! And why not? India's been a top borrower since 2010, so it's like lending money to your rich friend who always pays back.
๐๐ Two months ago, India threw open the doors to foreign investment in spacetech. Now, with over 150 startups securing $285M in funding, it's like a gold rush in space!
๐ฉโ๐๐ So, what's your take? Is this the final frontier for DeFi, Web 3, and Tech? Or just another bubble? Share your thoughts below! #SpaceTech #India #ADB"
๐Ventureast, a venture capital firm, just sold a whopping 22.27 lakh shares of fintech SaaS company Zaggle. The deal, worth INR 67.26 crore, attracted big buyers like ICICI Prudential and ACM Global Fund.
๐Before the sale, Ventureast owned 3.64% of Zaggle. The timing is interesting, coming right after Equirus Securities gave Zaggle a 'LONG' rating with a price target of INR 400.
๐Zaggle is a big fish in the spends management market, projected to grow to INR 13,900 crore by FY27. After the transaction, Zaggle's shares rose 1.32% to INR 306.15.
๐So, who's ready to ride the Zaggle wave? Share your thoughts below! #DeFi #Web3 #Technology
๐BHIM app is stepping up its game! In a bold move to boost its market presence, BHIM is joining the Open Network for Digital Commerce (ONDC). ๐๏ธ Now, you can buy your groceries, fashion, and more directly through the ONDC platform. Take that Google Pay and PhonePe! ๐
๐This integration is expected to skyrocket BHIM's adoption. BHIM has been the underdog in UPI transactions, but not for long! ๐
๐ฅThe concentration of UPI transactions among a few players has raised eyebrows. But, the government is backing indigenous fintech solutions to level the playing field. ๐
๐Meanwhile, ONDC is on a roll, integrating big corporations and startups into its network. Even major ecommerce platforms like Flipkart and Amazon are considering ONDC storefronts. ๐
๐ฌWhat do you think about this move? Will BHIM give Google Pay and PhonePe a run for their money? Let's chat in the comments! ๐#DeFi #Web3 #Technology
๐Krutrim AI, India's first AI unicorn, is making waves!๐ Launched its Android app, expanding the reach of its AI chatbot. Free access, multilingual support, and customization for Indian users - talk about convenience!๐ฑ
๐กIn a genius move, Krutrim also rolled out a public stack and AI cloud infrastructure for startups. Plus, a new maps API for hyperlocal businesses. Google Maps, watch out!๐บ๏ธ
๐Ola Electric, another venture by founder Bhavish Aggarwal, is set to integrate Ola Maps into its vehicles. Future is looking bright, folks!๐
๐คKrutrim is not just about chatbots. They're planning to develop data centers, delve into server computing, edge computing, and manufacture AI-optimized silicon chips. Talk about ambition!๐ช
๐ฆEarlier this year, Krutrim hit unicorn status after securing $50M in funding. The Indian generative AI market is expected to grow from $1.1B in 2023 to over $17B by 2030. That's a whopping 48% CAGR!๐
Got thoughts on Krutrim's big moves? Drop them in the comments!๐ #DeFi #Web3 #TechNews
๐Ventureast just cashed in big time, selling 22.27 lakh shares of fintech SaaS company Zaggle for a whopping INR 67.26 crore. ICICI Prudential, ACM Global Fund, Astorne Capital, and Tara Emerging Asia Liquid Fund were among the eager investors snapping up the shares.๐ฐ
๐Zaggle's stock is on a bull run, up 37% YTD. The company's net profit soared over 10x YoY to INR 15.2 crore in Q3 FY24. Operating revenue? Up 35.1% to INR 199.5 crore.๐ช
๐Keep an eye on this fintech powerhouse. With no significant competitors across its product segments, diverse revenue streams, and robust growth pipeline, Zaggle is set to dominate the rapidly expanding spend management solutions market.๐ฅ
๐Shares of Zaggle closed 1.32% higher at INR 306.15 on May 3, reflecting the market's optimism. Let's hear your thoughts in the comments! #DeFi #Web3 #Technology ๐๐๐ป
P.S. If this post isn't about DeFi, Web 3, or Technology, reply with "This post is irrelevant."
๐๐Breaking news: Astrologer Sahil Kohli crowned top astrologer in India for 2024! ๐๐ This cosmic guru is bridging the gap between ancient wisdom and modern life, empowering individuals on their journey of self-discovery. ๐งโโ๏ธ๐ซ
His secret sauce? A fusion of age-old astrological traditions with cutting-edge methodologies, making his guidance accessible to a broad audience. ๐๐ฎ
So, what do you think about astrology? Is it a bunch of hocus pocus or a valuable tool for personal growth? ๐ค๐ญ Let's discuss in the comments! And don't forget to check out the full list of top 10 astrologers in India for 2024! ๐ ๐
๐๐ Ladies, it's time to celebrate! ๐ India's Finance Minister, Nirmala Sitharaman, says more women are not only running startups but also filling positions on company boards. In 2018, only 13.8% of women reached company boards, but now it's 18.3%! ๐ฒ
๐ฉโ๐ผ๐ฆ Among 111 Indian unicorns, 20 are women-led startups! Talk about #GirlPower! ๐ช The government is supporting women entrepreneurs with policies like Stand Up India Scheme & PM Mudra Scheme, where 80% & 70% of funds are directed towards women, respectively. ๐
๐๏ธ The Public Procurement Policy mandates the government to procure at least 3% of its annual purchases from women-owned businesses. Swiggy's 'She The Change' initiative also celebrates women's entrepreneurship, hosting 50,000 women-run restaurants on its platform! ๐ฝ๏ธ
๐ Despite a net loss, Swiggy's operating revenue jumped over 40% thanks to scaling up services like Swiggy Instamart, Swiggy Genie, and Minis store. ๐
๐ Share your thoughts on this amazing progress for women in the comments! Let's keep the conversation going! ๐ฌ๐
๐๐ฎ๐ณ India's IRDAI says "Insurance for all by 2047" with Bima Sugam, the new online insurance marketplace! ๐ป๐ก๏ธ
๐ Bima Sugam aims to be a one-stop solution for all insurance stakeholders, promoting transparency and efficiency. Say goodbye to confusing policies and hello to a more accessible insurance world! ๐ค๐
๐ข Insurance penetration in India dropped to 4% in FY23, but Bima Sugam plans to change that. Get ready for more affordable and accessible insurance products coming your way! ๐ธ๐
๐๏ธ Bima Sugam will be a not-for-profit company, ensuring no single entity has control. The IRDAI will appoint two board members to keep things in check. Talk about good governance! ๐๐ฉโ๐ผ
๐ Insurtech industry, buckle up! Bima Sugam is expected to boost the sector and encourage new-age insurance players. ๐ค๐
Thoughts on Bima Sugam? Share your opinions in the comments! Let's chat! ๐ฌ๐
๐Infibeam Avenues' UAE-based baby, Avenues World FZ-LLC, is gearing up for a pre-IPO round, aiming to raise a cool $25 million! ๐ฐGet ready for some action on the UAE capital market, folks! ๐
๐Vavian International Limited, a sibling of Infibeam Avenues, will still hold a 75% stake in Avenues World FZ-LLC after the fundraise. ๐No funny business here, as this deal doesn't fall under related party transactions. ๐ซ
๐คAvenues World FZ-LLC is a fintech champ, offering multi-currency payment gateways, B2Biz payments, and more. ๐Infibeam Avenues, the proud parent, is a digital payment solutions provider with over 10 million merchants on its platform. ๐๏ธ
๐นInfibeam Avenues' shares are in the spotlight, so keep an eye on them! ๐What do you think about this pre-IPO round? Share your thoughts in the comments! ๐ฌ๐
๐Adtech startup AdOnMo raises a whopping $6.99M in Series B1 funding!๐ฐRavindranath Kancherla & son, Qatar Insurance Company, and ZNL Growth join the party.๐ฅณ
๐ผAdOnMo's outdoor advertising solutions are on fire, with revenue surging 4X to INR 75 crore in FY23!๐ฅ
๐The company plans to use the fresh capital to expand its business operations and meet working capital requirements.๐
๐ฝ๏ธFun fact: Foodtech giant Zomato invested $15M in AdOnMo in 2022, acquiring a 19.8% stake.๐
๐ฎ๐ณIndia's Out-of-Home (OOH) advertising market is booming, with ad spending expected to reach $589.7M in 2024.๐
What do you think about AdOnMo's growth? Share your thoughts in the comments!๐ #DeFi #Web3 #Technology
๐Trust Fintech's IPO goes 3.02X oversubscribed on Day 1! ๐คฏ Retail investors are all over it, oversubscribing their portion by 5.33X! ๐ฐ Non-institutional investors join the party too, subscribing 2.72X of their quota. ๐ But wait, no takers for qualified institutional buyers? ๐ค
๐กTrust Fintech plans to use the funds for a new development facility, upgrading IT infrastructure, enhancing products, and expanding globally. ๐
๐ฏIPO closes on March 28, so don't miss out! ๐
What are your thoughts on this IPO frenzy? Share your opinions in the comments! ๐ #TrustFintech #IPO #Investing
๐๐BurgerGPT: India's burger revolution led by culinary maestro Pavas Ahuja! This chef-turned-visionary is flipping the script on traditional cuisine, creating a burger experience that's taking Chandigarh by storm! ๐ฉ๏ธ
๐จ๐ดCrafting perfect burgers with innovative recipes, top-notch ingredients, and meticulous attention to detail, BurgerGPT is not just a meal, it's a mouthwatering experience! ๐
๐๐กFrom one outlet to a growing empire, BurgerGPT is on a mission to redefine India's burger scene and become a national sensation! ๐ฎ๐ณ๐
๐ค๐ฌ What's your fave burger joint? Share your thoughts in the comments! #BurgerGPT #CulinaryRevolution
๐๐ Dream11, the fantasy gaming unicorn, hit it out of the park on IPL's opening day, adding 1.1M new users & 15.01M concurrent users! ๐ Talk about a smashing debut! ๐
Cricket enthusiasts, rejoice! ๐ฅณ Dream11's TATA IPL fantasy cricket league lets you flex your cricket knowledge & strategic thinking for rewards. ๐ง ๐ฐ No wonder it's so popular!
But wait, there's more! Dream11 has partnered with 8 IPL teams, boosting its visibility & appeal. ๐ค๐ Last year, they added 55M users, including more women & folks from Tier I & II cities. ๐
However, Dream11 faces regulatory challenges, like a show cause notice from DGGI on its taxation practices. ๐๐ง But they're still going strong, with a 32% net profit increase & 66% rise in operating revenue in FY 2022-2023. ๐ช๐ผ
So, what do you think of Dream11's IPL debut & future prospects? ๐ค Share your thoughts in the comments! ๐จ๏ธ Let's get the conversation going! ๐ค #Dream11 #IPL2024 #FantasyCricket
๐๐จ Spinny, the pre-owned car marketplace, is revving up its Employee Stock Ownership Plan (ESOP) by adding a whopping 23.7M options! ๐ That's a total of 178M options, pending shareholder approval. ๐
Why? To attract, retain, and motivate employees, of course! ๐ Spinny wants its peeps to share in the company's future success and feel a sense of ownership. ๐ค
Based on their valuation in July 2023, the total ESOP pool is worth around INR 936.9 crore. ๐ค Not too shabby, eh?
Spinny's been on a roll since 2015, operating 36 car hubs across 22 Indian cities, and raising over $500M to date. ๐๐
But the competition is fierce! ๐ฅ Spinny's up against Cars24, Droom, CarDekho, and CarTrade. The ESOP expansion shows they're serious about using employee motivation to stay ahead. ๐
What do you think about Spinny's move? ๐ค Share your thoughts in the comments! ๐ฌ #DeFi #Web3 #Technology
๐๐ธ Alphatron Capital, formerly SMK Ventures, just closed its maiden fund at a whopping $30M, 20% oversubscribed! ๐
๐ Acting as a gateway for US investors, Alphatron aims to provide access to Indian tech companies while minimizing entry barriers. ๐ฎ๐ณ๐บ๐ธ
๐ฏ Focusing on sectors like SaaS, fintech, healthtech, AI/ML, digital content, and D2C businesses, Alphatron sees huge growth opportunities in the Indian economy. ๐
๐ With thorough due diligence, they've already invested in 11 funds and made five SPV/co-investments. ๐ผ
๐ฑ This comes as VC and PE firms continue to raise capital despite funding challenges. ๐ช
What do you think about Alphatron's investment strategy? ๐ค Share your thoughts in the comments! ๐ #DeFi #Web3 #Technology
๐ฆ๐ง Hold onto your headphones, folks! Pocket FM is about to join the unicorn club, thanks to a fresh $103M cash injection from Abu Dhabi Investment Authority. ๐๐ฐ
This audio entertainment platform is expanding its empire, eyeing the US, Europe, and Latin America. ๐๐ฏ More funds = more content & a solid IP playbook for writers. ๐โ๏ธ
Since 2018, Pocket FM has grown like crazy, boasting 1 lakh hours of content & $150M ARR. ๐๐คฏ In the US alone, they've raked in over $100M ARR. ๐ธ๐บ๐ธ
Investors are lining up to join the party, impressed by Pocket FM's sustainable growth & strong financials. ๐ฅณ๐ผ
Their secret sauce? Blockbuster content like "Insta Millionaire" & "Saving Nora." ๐ฌ๐ฟ 15 of their audio series have even crossed the $1M revenue mark! ๐ฅ๐ฐ
With a 56% YoY loss decrease & a 663% YoY operating revenue surge, Pocket FM is on a roll. ๐๐ฅ
What do you think about Pocket FM's unicorn dreams? ๐ฆ๐ญ Let's chat in the comments! ๐ #DeFi #Web3 #Technology
๐ค๐Builder.ai founders in legal hot water!๐ฅ๐ Sachin Dev Duggal faces money laundering accusations linked to Videocon, while Saurabh Dhoot deals with a mysterious loan fraud case.๐ต๏ธโโ๏ธ
But hey, they're still the guys who made app development as easy as ordering pizza!๐๐ฑ From college buddies to AI startup stars, their journey has been quite a ride.๐๐
Builder.ai remains unaffected (for now), but will their legal woes cast a shadow over the company's leadership?๐ค๐ผ Share your thoughts in the comments!๐ #DeFi #Web3 #Technology
๐DeFi & Web3 enthusiasts, rejoice!๐ India's govt is reviewing its laptop & digital device import system by Sept, aiming for self-reliance in electronics manufacturing.๐ฎ๐ณ๐ป
๐The review will scrutinize import volumes since Oct 2023, ensuring reliable sources & checking if manufacturers are expanding in India.๐
๐งIf progress is good, import conditions for laptops, tablets & IT hardware may be eased. But PCB & SMT manufacturing remains a challenge.๐ญ๐ค
๐Import restrictions in Aug 2023 caused concern for Apple, Dell, HP, Lenovo & ASUS, but the govt extended the deadline & approved $10bn worth of IT hardware imports.๐ฑ๐ธ
๐ฃ๏ธWhat do you think of India's electronics manufacturing ambitions? Share your thoughts below!๐๐ #DeFi #Web3 #Technology
๐DeFi, Web 3, Tech enthusiasts! Let's talk corporate governance in Indian startups! Shiv Shanker from Ankur Capital says transparency & open communication between founders & investors is key! ๐ค๐ผ
๐ฎFounders, bring up those "critical issues" early on & build trust! Investors, be supportive & avoid aggressive interventions that could hurt growth! ๐ฑ
๐Founders, your vision & commitment are crucial in steering your startup through turbulent times! Be the leader your team & investors need! ๐ข
๐ฎ๐ณRecent high-profile governance issues in Indian startups (BharatPe, GoMechanic, BYJUโS) show the need for better governance mechanisms! Let's work together to foster a healthy ecosystem! ๐
๐ฌWhat's your take on corporate governance in startups? Share your thoughts in the comments! #DeFi #Web3 #Tech #Startups #India
๐จBreaking News๐จ: Zomato's green uniform for "pure veg fleet" is no more! ๐ฑ CEO Deepinder Goyal announced that all delivery partners will now wear the standard red uniform, regardless of the order type they are delivering. ๐ดโโ๏ธ๐๐ฅ
But fear not, veggie lovers! ๐ฅฆ The app will still indicate that vegetarian orders will be served exclusively by the vegetarian-only fleet, but this fleet will not be identifiable by uniform color on the ground. ๐ต๏ธโโ๏ธ
Goyal emphasized that the change was made to prevent any incorrect association of the red uniform delivery partners with non-vegetarian food, which could lead to them being blocked by resident welfare associations (RWAs) or societies during special days. ๐ซ๐
Zomato's initial announcement of the "Pure Veg Fleet" and "Pure Veg Mode" had triggered criticism on social media, with concerns raised about potential discrimination against non-vegetarian delivery partners and the impact on their safety and livelihood. ๐ฃ๐ค
Goyal assured that Zomato is willing to roll back the new initiative if it leads to significant negative social repercussions. ๐
What do you think about this change? ๐คทโโ๏ธ Let us know in the comments below! ๐ #Zomato #UniformChange #VeggieFleet
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