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The Morning Vine 🍇

Good morning! Too much has happened in the last 24 hours, we’re going double the size of our 5 news a day quota - here we go: 𝐈𝐧𝐝𝐢𝐚 𝐓𝐞𝐜𝐡 🇮🇳 𝟏. 𝐆𝐫𝐨𝐰𝐰’𝐬 𝐀𝐜𝐭𝐢𝐯𝐞 𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫 𝐁𝐚𝐬𝐞 𝐂𝐥𝐢𝐦𝐛𝐬 𝐎𝐯𝐞𝐫 𝟏𝐂𝐫 𝐈𝐧 𝐌𝐚𝐲 𝟐𝟎𝟐𝟒; 𝐙𝐞𝐫𝐨𝐝𝐡𝐚 𝐒𝐭𝐚𝐲𝐬 𝐒𝐞𝐜𝐨𝐧𝐝 The fintech platform Groww has seen a significant surge in its active investor base, crossing the 1Cr mark in May 2024. This represents a substantial market share of over 27%, cementing Groww's position as the leading investment platform in India. Groww's growth has outpaced its closest rival Zerodha, which has around 75 lakh active investors. However, Zerodha continues to generate higher revenues than Groww. The article highlights Groww's diversification beyond investments, with the addition of payments and lending services to its product suite. The fintech landscape in India remains highly competitive, with other players like Angel One, Upstox, and Paytm Money also reporting strong user growth. Groww's ability to maintain its momentum and expand its offerings will be crucial in determining its long-term dominance in the market. 🍇 𝙛𝙤𝙧 𝙏𝙝𝙤𝙪𝙜𝙝𝙩: 𝙂𝙧𝙤𝙬𝙬'𝙨 1 𝙘𝙧𝙤𝙧𝙚 𝙖𝙘𝙩𝙞𝙫𝙚 𝙞𝙣𝙫𝙚𝙨𝙩𝙤𝙧 𝙢𝙞𝙡𝙚𝙨𝙩𝙤𝙣𝙚 𝙞𝙨 𝙞𝙢𝙥𝙧𝙚𝙨𝙨𝙞𝙫𝙚, 𝙗𝙪𝙩 𝙩𝙝𝙚 𝙧𝙚𝙖𝙡 𝙩𝙚𝙨𝙩 𝙡𝙞𝙚𝙨 𝙖𝙝𝙚𝙖𝙙. 𝙕𝙚𝙧𝙤𝙙𝙝𝙖'𝙨 𝙝𝙞𝙜𝙝𝙚𝙧 𝙧𝙚𝙫𝙚𝙣𝙪𝙚𝙨 𝙬𝙞𝙩𝙝 𝙛𝙚𝙬𝙚𝙧 𝙪𝙨𝙚𝙧𝙨 𝙪𝙣𝙙𝙚𝙧𝙨𝙘𝙤𝙧𝙚 𝙩𝙝𝙞𝙨 𝙘𝙝𝙖𝙡𝙡𝙚𝙣𝙜𝙚. 𝘽𝙖𝙡𝙖𝙣𝙘𝙞𝙣𝙜 𝙨𝙘𝙖𝙡𝙚 𝙬𝙞𝙩𝙝 𝙨𝙪𝙨𝙩𝙖𝙞𝙣𝙖𝙗𝙞𝙡𝙞𝙩𝙮 𝙬𝙞𝙡𝙡 𝙗𝙚 𝙠𝙚𝙮 𝙩𝙤 𝙂𝙧𝙤𝙬𝙬'𝙨𝙨 𝙝𝙞𝙜𝙝𝙚𝙧 𝙧𝙚𝙫𝙚𝙣𝙪𝙚𝙨 𝙬𝙞𝙩𝙝 𝙛𝙚𝙬𝙚𝙧 𝙪𝙨𝙚𝙧𝙨 𝙪𝙣𝙙𝙚𝙧𝙨𝙘𝙤𝙧𝙚 𝙩𝙝𝙞𝙨 𝙘𝙝𝙖𝙡𝙡𝙚𝙣𝙜𝙚. 𝘽𝙖𝙡𝙖𝙣𝙘𝙞𝙣𝙜 𝙨𝙘𝙖𝙡𝙚 𝙬𝙞𝙩𝙝 𝙨𝙪𝙨𝙩𝙖𝙞𝙣𝙖𝙗𝙞𝙡𝙞𝙩𝙮 𝙬𝙞𝙡𝙡 𝙗𝙚 𝙠𝙚𝙮 𝙩𝙤 𝙂𝙧𝙤𝙬𝙬'𝙨 𝙡𝙤𝙣𝙜-𝙩𝙚𝙧𝙢 𝙨𝙪𝙘𝙘𝙚𝙨𝙨 𝙞𝙣 𝙄𝙣𝙙𝙞𝙖'𝙨 𝙘𝙧𝙤𝙬𝙙𝙚𝙙 𝙛𝙞𝙣𝙩𝙚𝙘𝙝 𝙖𝙧𝙚𝙣𝙖. Source: Inc42 - 𝟐. 𝐙𝐨𝐦𝐚𝐭𝐨 𝐩𝐮𝐦𝐩𝐢𝐧𝐠 𝐢𝐧 𝐦𝐨𝐫𝐞 𝐟𝐮𝐞𝐥 𝐢𝐧𝐭𝐨 𝐁𝐥𝐢𝐧𝐤𝐢𝐭 Zomato plans to invest an additional ₹300 crore in Blinkit amid rising competition in the segment. This comes as Flipkart, JioMart, Swiggy Instamart, and Zepto are aggressively scaling up their quick commerce offerings to compete with Blinkit. The capital infusion will help Blinkit expand its dark store network to 1,000 by March 2025, up from 562 currently. Blinkit has also been diversifying into new product categories like apparel and electronics, directly competing with horizontal e-commerce players. Notably, Blinkit has emerged as the crown jewel of Zomato, contributing significantly to its valuation. The quick commerce platform turned adjusted EBITDA positive in March 2024 and saw its revenue double year-over-year to ₹769Cr in Q4 FY24. However, rising competition has also led to concerns around Blinkit's margins. The additional investment underscores Zomato's commitment to the high-growth quick commerce space, as it looks to solidify Blinkit's position amid intensifying competition. 🍇 𝙛𝙤𝙧 𝙏𝙝𝙤𝙪𝙜𝙝𝙩: 𝙒𝙞𝙩𝙝 𝘽𝙡𝙞𝙣𝙠𝙞𝙩'𝙨 𝙧𝙚𝙫𝙚𝙣𝙪𝙚 𝙙𝙤𝙪𝙗𝙡𝙞𝙣𝙜 𝙖𝙣𝙙 𝙖𝙙𝙟𝙪𝙨𝙩𝙚𝙙 𝙀𝘽𝙄𝙏𝘿𝘼 𝙩𝙪𝙧𝙣𝙞𝙣𝙜 𝙥𝙤𝙨𝙞𝙩𝙞𝙫𝙚, 𝙞𝙩'𝙨 𝙘𝙡𝙚𝙖𝙧 𝙩𝙝𝙖𝙩 𝙕𝙤𝙢𝙖𝙩𝙤'𝙨 𝙗𝙤𝙡𝙙 𝙖𝙘𝙦𝙪𝙞𝙨𝙞𝙩𝙞𝙤𝙣 𝙝𝙖𝙨 𝙥𝙖𝙞𝙙 𝙤𝙛𝙛. 𝘼𝙨 𝙘𝙤𝙢𝙥𝙚𝙩𝙞𝙩𝙤𝙧𝙨 𝙨𝙘𝙧𝙖𝙢𝙗𝙡𝙚 𝙩𝙤 𝙘𝙖𝙩𝙘𝙝 𝙪𝙥, 𝘽𝙡𝙞𝙣𝙠𝙞𝙩'𝙨 𝙪𝙣𝙧𝙞𝙫𝙖𝙡𝙚𝙙 𝙚𝙭𝙚𝙘𝙪𝙩𝙞𝙤𝙣 𝙖𝙣𝙙 𝙚𝙭𝙥𝙖𝙣𝙙𝙞𝙣𝙜 𝙙𝙖𝙧𝙠 𝙨𝙩𝙤𝙧𝙚 𝙣𝙚𝙩𝙬𝙤𝙧𝙠 𝙨𝙚𝙩 𝙞𝙩 𝙖𝙥𝙖𝙧𝙩. 𝙏𝙝𝙞𝙨 𝙘𝙖𝙥𝙞𝙩𝙖𝙡 𝙞𝙣𝙛𝙪𝙨𝙞𝙤𝙣 𝙬𝙞𝙡𝙡 𝙤𝙣𝙡𝙮 𝙖𝙘𝙘𝙚𝙡𝙚𝙧𝙖𝙩𝙚 𝘽𝙡𝙞𝙣𝙠𝙞𝙩'𝙨 𝙜𝙧𝙤𝙬𝙩𝙝 𝙩𝙧𝙖𝙟𝙚𝙘𝙩𝙤𝙧𝙮, 𝙘𝙚𝙢𝙚𝙣𝙩𝙞𝙣𝙜 𝙞𝙩𝙨 𝙥𝙤𝙨𝙞𝙩𝙞𝙤𝙣 𝙖𝙨 𝙩𝙝𝙚 𝙪𝙣𝙙𝙞𝙨𝙥𝙪𝙩𝙚𝙙 𝙠𝙞𝙣𝙜 𝙤𝙛 𝙦𝙪𝙞𝙘𝙠 𝙘𝙤𝙢𝙢𝙚𝙧𝙘𝙚. 𝙕𝙤𝙢𝙖𝙩𝙤'𝙨 𝙛𝙤𝙤𝙙 𝙙𝙚𝙡𝙞𝙫𝙚𝙧𝙮 𝙘𝙧𝙤𝙬𝙣 𝙢𝙖𝙮 𝙨𝙤𝙤𝙣 𝙗𝙚 𝙤𝙫𝙚𝙧𝙨𝙝𝙖𝙙𝙤𝙬𝙚𝙙 𝙗𝙮 𝘽𝙡𝙞𝙣𝙠𝙞𝙩'𝙨 𝙧𝙖𝙥𝙞𝙙 𝙖𝙨𝙘𝙚𝙣𝙩, 𝙥𝙧𝙤𝙫𝙞𝙣𝙜 𝙩𝙝𝙖𝙩 𝙨𝙤𝙢𝙚𝙩𝙞𝙢𝙚𝙨 𝙩𝙝𝙚 𝙗𝙚𝙨𝙩 𝙬𝙖𝙮 𝙩𝙤 𝙙𝙞𝙨𝙧𝙪𝙥𝙩 𝙮𝙤𝙪𝙧𝙨𝙚𝙡𝙛 𝙞𝙨 𝙩𝙤 𝙗𝙪𝙮 𝙮𝙤𝙪𝙧 𝙗𝙞𝙜𝙜𝙚𝙨𝙩 𝙘𝙝𝙖𝙡𝙡𝙚𝙣𝙜𝙚𝙧. 🚀🍽️ Source: Economic Times - 𝟑. 𝐙𝐞𝐩𝐭𝐨 𝐫𝐚𝐢𝐬𝐢𝐧𝐠 $𝟑𝟎𝟎 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 - 𝐓𝐇𝐑𝐄𝐄 𝐇𝐔𝐍𝐃𝐑𝐄𝐃 𝐌𝐈𝐋𝐋𝐈𝐎𝐍! Zepto is in discussions with investment firms DST Global and Lightspeed for a funding round of over $300 million. The startup is targeting a $3 billion valuation for this round. Zepto has already secured commitments of $150-180 Mn from existing investors like Glade Brook Capital and Nexus Venture Partners. The company is now seeking a prominent external investor to contribute at least $100 Mb, which would help validate its valuation expectations. What makes Zepto unique is that it is the only major quick-commerce player in India not backed by a large business entity. Despite this, the startup has managed to establish itself and compete effectively with rivals like Swiggy Instamart and Zomato's Blinkit, doing so with relatively less capital. This ability to "fight it out" and potentially "out-execute incumbents in ecommerce" has attracted significant investor interest, both from Indian and global investors. 🍇 𝙛𝙤𝙧 𝙏𝙝𝙤𝙪𝙜𝙝𝙩: 𝙄𝙣 𝙖 𝙢𝙖𝙧𝙠𝙚𝙩 𝙬𝙝𝙚𝙧𝙚 𝙂𝙤𝙡𝙞𝙖𝙩𝙝𝙨 𝙡𝙞𝙠𝙚 𝙎𝙬𝙞𝙜𝙜𝙮 𝙖𝙣𝙙 𝙕𝙤𝙢𝙖𝙩𝙤'𝙨 𝘽𝙡𝙞𝙣𝙠𝙞𝙩 𝙧𝙪𝙡𝙚, 𝙕𝙚𝙥𝙩𝙤'𝙨 𝘿𝙖𝙫𝙞𝙙-𝙡𝙞𝙠𝙚 𝙧𝙞𝙨𝙚 𝙞𝙨 𝙖 𝙧𝙚𝙛𝙧𝙚𝙨𝙝𝙞𝙣𝙜 𝙧𝙚𝙢𝙞𝙣𝙙𝙚𝙧 𝙩𝙝𝙖𝙩 𝙨𝙤𝙢𝙚𝙩𝙞𝙢𝙚𝙨, 𝙩𝙝𝙚 𝙝𝙪𝙣𝙜𝙧𝙞𝙚𝙨𝙩 𝙥𝙡𝙖𝙮𝙚𝙧 𝙬𝙞𝙣𝙨. 𝙏𝙝𝙚 𝙛𝙖𝙘𝙩 𝙩𝙝𝙖𝙩 𝘽𝙡𝙞𝙣𝙠𝙞𝙩 𝙝𝙖𝙨 𝙗𝙚𝙘𝙤𝙢𝙚 𝙕𝙤𝙢𝙖𝙩𝙤'𝙨 𝙘𝙧𝙤𝙬𝙣 𝙟𝙚𝙬𝙚𝙡 𝙖𝙣𝙙 𝙞𝙨 𝙣𝙤𝙬 𝙖𝙩𝙩𝙧𝙖𝙘𝙩𝙞𝙣𝙜 𝙢𝙖𝙨𝙨𝙞𝙫𝙚 𝙞𝙣𝙫𝙚𝙨𝙩𝙢𝙚𝙣𝙩𝙨 𝙤𝙣𝙡𝙮 𝙪𝙣𝙙𝙚𝙧𝙨𝙘𝙤𝙧𝙚𝙨 𝙩𝙝𝙚 𝙞𝙢𝙢𝙚𝙣𝙨𝙚 𝙥𝙤𝙩𝙚𝙣𝙩𝙞𝙖𝙡 𝙤𝙛 𝙦𝙪𝙞𝙘𝙠 𝙘𝙤𝙢𝙢𝙚𝙧𝙘𝙚 𝙞𝙣 𝙄𝙣𝙙𝙞𝙖. 𝙐𝙣𝙡𝙞𝙠𝙚 𝙞𝙣 𝙒𝙚𝙨𝙩𝙚𝙧𝙣 𝙢𝙖𝙧𝙠𝙚𝙩𝙨, 𝙬𝙝𝙚𝙧𝙚 𝙦𝙪𝙞𝙘𝙠 𝙘𝙤𝙢𝙢𝙚𝙧𝙘𝙚 𝙝𝙖𝙨 𝙨𝙩𝙧𝙪𝙜𝙜𝙡𝙚𝙙, 𝙄𝙣𝙙𝙞𝙖'𝙨 𝙪𝙣𝙞𝙦𝙪𝙚 𝙘𝙤𝙢𝙗𝙞𝙣𝙖𝙩𝙞𝙤𝙣 𝙤𝙛 𝙥𝙤𝙥𝙪𝙡𝙖𝙩𝙞𝙤𝙣 𝙙𝙚𝙣𝙨𝙞𝙩𝙮, 𝙧𝙞𝙨𝙞𝙣𝙜 𝙙𝙞𝙨𝙥𝙤𝙨𝙖𝙗𝙡𝙚 𝙞𝙣𝙘𝙤𝙢𝙚𝙨, 𝙖𝙣𝙙 𝙩𝙚𝙘𝙝-𝙨𝙖𝙫𝙫𝙮 𝙘𝙤𝙣𝙨𝙪𝙢𝙚𝙧𝙨 𝙝𝙖𝙨 𝙘𝙧𝙚𝙖𝙩𝙚𝙙 𝙖 𝙥𝙚𝙧𝙛𝙚𝙘𝙩 𝙨𝙩𝙤𝙧𝙢 𝙛𝙤𝙧 𝙩𝙝𝙚 𝙨𝙚𝙘𝙩𝙤𝙧'𝙨 𝙜𝙧𝙤𝙬𝙩𝙝. 𝙒𝙞𝙩𝙝 𝙛𝙧𝙚𝙨𝙝 𝙛𝙪𝙣𝙙𝙨 𝙖𝙣𝙙 𝙖 𝙛𝙧𝙚𝙨𝙝 𝙫𝙤𝙩𝙚 𝙤𝙛 𝙘𝙤𝙣𝙛𝙞𝙙𝙚𝙣𝙘𝙚, 𝙕𝙚𝙥𝙩𝙤 𝙞𝙨 𝙥𝙤𝙞𝙨𝙚𝙙 𝙩𝙤 𝙧𝙚𝙬𝙧𝙞𝙩𝙚 𝙩𝙝𝙚 𝙧𝙪𝙡𝙚𝙨 𝙤𝙛 𝙄𝙣𝙙𝙞𝙖'𝙨 𝙦𝙪𝙞𝙘𝙠-𝙘𝙤𝙢𝙢𝙚𝙧𝙘𝙚 𝙧𝙖𝙘𝙚 𝙖𝙣𝙙 𝙧𝙚𝙨𝙝𝙖𝙥𝙚 𝙘𝙤𝙣𝙨𝙪𝙢𝙚𝙧 𝙗𝙚𝙝𝙖𝙫𝙞𝙤𝙧 𝙛𝙤𝙧 𝙮𝙚𝙖𝙧𝙨 𝙩𝙤 𝙘𝙤𝙢𝙚. 🇮🇳🛒💨 Source: The Arc - 𝟒. 𝐁𝐘𝐉𝐔'𝐬 𝐌𝐢𝐬𝐬𝐢𝐧𝐠 𝐌𝐢𝐥𝐥𝐢𝐨𝐧𝐬: 𝐀 $𝟓𝟑𝟑𝐌 𝐋𝐞𝐬𝐬𝐨𝐧 𝐢𝐧 𝐄𝐝𝐭𝐞𝐜𝐡 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐚𝐛𝐢𝐥𝐢𝐭𝐲 📚💸 The BYJU's bankruptcy saga has taken a shocking turn, with allegations of the edtech behemoth concealing a staggering $533 million from its lenders. As a U.S. bankruptcy court steps in to play detective, the case is shining a harsh light on the governance practices of India's most celebrated edtech success story. The Plot Thickens: - Lenders owed $1.2 billion by BYJU's are locked in a heated dispute with the company - The missing $533 million is tied to BYJU's Alpha Inc., a subsidiary seized by lenders after a loan default - Funds were allegedly transferred to a UK lender and then to an unnamed, non-U.S. BYJU's affiliate - BYJU's director Riju Ravindran, brother of CEO Byju Raveendran, found in contempt for refusing to disclose the money's whereabouts 🍇 𝙛𝙤𝙧 𝙏𝙝𝙤𝙪𝙜𝙝𝙩: 𝙏𝙝𝙚 𝙘𝙤𝙪𝙧𝙩'𝙨 𝙛𝙞𝙣𝙙𝙞𝙣𝙜𝙨 𝙤𝙛 𝙘𝙤𝙣𝙩𝙚𝙢𝙥𝙩 𝙖𝙣𝙙 𝙘𝙤𝙣𝙘𝙚𝙖𝙡𝙢𝙚𝙣𝙩 𝙨𝙪𝙜𝙜𝙚𝙨𝙩 𝙖 𝙩𝙧𝙤𝙪𝙗𝙡𝙞𝙣𝙜 𝙡𝙖𝙘𝙠 𝙤𝙛 𝙩𝙧𝙖𝙣𝙨𝙥𝙖𝙧𝙚𝙣𝙘𝙮 𝙖𝙣𝙙 𝙖𝙘𝙘𝙤𝙪𝙣𝙩𝙖𝙗𝙞𝙡𝙞𝙩𝙮 𝙞𝙣 𝙖𝙣 𝙞𝙣𝙙𝙪𝙨𝙩𝙧𝙮 𝙚𝙣𝙩𝙧𝙪𝙨𝙩𝙚𝙙 𝙬𝙞𝙩𝙝 𝙨𝙝𝙖𝙥𝙞𝙣𝙜 𝙮𝙤𝙪𝙣𝙜 𝙢𝙞𝙣𝙙𝙨. 𝘼𝙨 𝙩𝙝𝙚 𝙨𝙚𝙘𝙩𝙤𝙧'𝙨 𝙜𝙤𝙡𝙙𝙚𝙣 𝙘𝙝𝙞𝙡𝙙 𝙛𝙖𝙘𝙚𝙨 𝙖 $1.2 𝙗𝙞𝙡𝙡𝙞𝙤𝙣 𝙧𝙚𝙘𝙠𝙤𝙣𝙞𝙣𝙜, 𝙞𝙩'𝙨 𝙘𝙡𝙚𝙖𝙧 𝙩𝙝𝙖𝙩 𝙜𝙧𝙤𝙬𝙩𝙝 𝙖𝙩 𝙖𝙣𝙮 𝙘𝙤𝙨𝙩 𝙞𝙨 𝙣𝙤 𝙡𝙤𝙣𝙜𝙚𝙧 𝙨𝙪𝙨𝙩𝙖𝙞𝙣𝙖𝙗𝙡𝙚. 𝘽𝙔𝙅𝙐'𝙨 𝙨𝙖𝙜𝙖 𝙢𝙖𝙮 𝙗𝙚 𝙩𝙝𝙚 𝙩𝙞𝙥𝙥𝙞𝙣𝙜 𝙥𝙤𝙞𝙣𝙩 𝙩𝙝𝙖𝙩 𝙛𝙤𝙧𝙘𝙚𝙨 𝙚𝙙𝙩𝙚𝙘𝙝 𝙩𝙤 𝙘𝙤𝙣𝙛𝙧𝙤𝙣𝙩 𝙞𝙩𝙨 𝙜𝙤𝙫𝙚𝙧𝙣𝙖𝙣𝙘𝙚 𝙙𝙚𝙢𝙤𝙣𝙨 𝙖𝙣𝙙 𝙧𝙚𝙗𝙪𝙞𝙡𝙙 𝙩𝙧𝙪𝙨𝙩 𝙬𝙞𝙩𝙝 𝙞𝙣𝙫𝙚𝙨𝙩𝙤𝙧𝙨 𝙖𝙣𝙙 𝙨𝙤𝙘𝙞𝙚𝙩𝙮. 𝙏𝙝𝙚 𝙛𝙪𝙩𝙪𝙧𝙚 𝙤𝙛 𝙚𝙙𝙩𝙚𝙘𝙝 𝙙𝙚𝙥𝙚𝙣𝙙𝙨 𝙤𝙣 𝙞𝙩. 🚨🎓 Source: Inc42 - 𝟓. 𝐂𝐫𝐞𝐝'𝐬 𝐂𝐨𝐥𝐥𝐚𝐭𝐞𝐫𝐚𝐥 𝐏𝐥𝐚𝐲: 𝐒𝐞𝐜𝐮𝐫𝐢𝐧𝐠 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐚 𝐒𝐡𝐢𝐟𝐭𝐢𝐧𝐠 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞 🗝️🦄 Cred is exploring a strategic expansion into the secured lending business. This marks a significant shift from its core focus on unsecured consumer lending and credit card bill payments. The rationale behind this move is multifaceted. Firstly, there is an increasing regulatory focus on riskier forms of instant credit, prompting fintech players to explore more stable lending verticals. Secured loans, which are backed by collateral like homes and vehicles, are seen as a more stable and lower-risk alternative. Additionally, Cred's ambition to position itself as a broader financial services provider is driving this diversification. The company aims to achieve a revenue run rate of $350-380 million and reach profitability by FY24, necessitating the exploration of new revenue streams beyond its existing offerings. However, venturing into secured lending will require Cred to make significant operational changes. Establishing a stronger offline presence, conducting asset evaluations, and tying up with more banks will add complexity to Cred's traditionally tech-driven, online-focused business model. 🍇 𝙛𝙤𝙧 𝙏𝙝𝙤𝙪𝙜𝙝𝙩: 𝘾𝙧𝙚𝙙'𝙨 𝙛𝙤𝙧𝙖𝙮 𝙞𝙣𝙩𝙤 𝙨𝙚𝙘𝙪𝙧𝙚𝙙 𝙡𝙚𝙣𝙙𝙞𝙣𝙜 𝙞𝙨𝙣'𝙩 𝙟𝙪𝙨𝙩 𝙖 𝙥𝙞𝙫𝙤𝙩; 𝙞𝙩'𝙨 𝙖 𝙡𝙞𝙩𝙢𝙪𝙨 𝙩𝙚𝙨𝙩 𝙛𝙤𝙧 𝙩𝙝𝙚 𝙖𝙙𝙖𝙥𝙩𝙖𝙗𝙞𝙡𝙞𝙩𝙮 𝙤𝙛 𝙄𝙣𝙙𝙞𝙖'𝙨 𝙛𝙞𝙣𝙩𝙚𝙘𝙝 𝙪𝙣𝙞𝙘𝙤𝙧𝙣𝙨. 𝘼𝙨 𝙩𝙝𝙚 𝙧𝙚𝙜𝙪𝙡𝙖𝙩𝙤𝙧𝙮 𝙬𝙞𝙣𝙙𝙨 𝙨𝙝𝙞𝙛𝙩, 𝘾𝙧𝙚𝙙'𝙨 𝙖𝙗𝙞𝙡𝙞𝙩𝙮 𝙩𝙤 𝙣𝙖𝙫𝙞𝙜𝙖𝙩𝙚 𝙩𝙝𝙚 𝙘𝙤𝙢𝙥𝙡𝙚𝙭 𝙬𝙤𝙧𝙡𝙙 𝙤𝙛 𝙘𝙤𝙡𝙡𝙖𝙩𝙚𝙧𝙖𝙡𝙞𝙯𝙚𝙙 𝙘𝙧𝙚𝙙𝙞𝙩 𝙘𝙤𝙪𝙡𝙙 𝙗𝙚 𝙩𝙝𝙚 𝙙𝙞𝙛𝙛𝙚𝙧𝙚𝙣𝙘𝙚 𝙗𝙚𝙩𝙬𝙚𝙚𝙣 𝙗𝙤𝙤𝙢 𝙖𝙣𝙙 𝙗𝙪𝙨𝙩. 𝘽𝙪𝙩 𝙘𝙖𝙣 𝙖 𝙙𝙞𝙜𝙞𝙩𝙖𝙡 𝙣𝙖𝙩𝙞𝙫𝙚 𝙡𝙞𝙠𝙚 𝘾𝙧𝙚𝙙 𝙘𝙧𝙖𝙘𝙠 𝙩𝙝𝙚 𝙤𝙛𝙛𝙡𝙞𝙣𝙚 𝙘𝙤𝙙𝙚 𝙤𝙛 𝙖𝙨𝙨𝙚𝙩-𝙗𝙖𝙘𝙠𝙚𝙙 𝙡𝙚𝙣𝙙𝙞𝙣𝙜, 𝙤𝙧 𝙬𝙞𝙡𝙡 𝙞𝙩 𝙛𝙞𝙣𝙙 𝙞𝙩𝙨𝙚𝙡𝙛 𝙤𝙪𝙩𝙢𝙖𝙩𝙘𝙝𝙚𝙙 𝙗𝙮 𝙚𝙣𝙩𝙧𝙚𝙣𝙘𝙝𝙚𝙙 𝙞𝙣𝙘𝙪𝙢𝙗𝙚𝙣𝙩𝙨? 𝙏𝙝𝙚 𝙖𝙣𝙨𝙬𝙚𝙧 𝙢𝙖𝙮 𝙣𝙤𝙩 𝙟𝙪𝙨𝙩 𝙙𝙚𝙩𝙚𝙧𝙢𝙞𝙣𝙚 𝘾𝙧𝙚𝙙'𝙨 𝙛𝙖𝙩𝙚, 𝙗𝙪𝙩 𝙩𝙝𝙚 𝙩𝙧𝙖𝙟𝙚𝙘𝙩𝙤𝙧𝙮 𝙤𝙛 𝙄𝙣𝙙𝙞𝙖'𝙨 𝙛𝙞𝙣𝙩𝙚𝙘𝙝 𝙧𝙚𝙫𝙤𝙡𝙪𝙩𝙞𝙤𝙣 𝙞𝙩𝙨𝙚𝙡𝙛. 🦄🎯 Source: The Arc - 𝟔. 𝐒𝐭𝐨𝐚 𝐒𝐜𝐡𝐨𝐨𝐥, 𝐭𝐡𝐞 "𝐈𝐈𝐌 𝐜𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐫", 𝐢𝐬 𝐝𝐞𝐚𝐝. 𝐖𝐡𝐚𝐭’𝐬 𝐧𝐞𝐱𝐭 𝐟𝐨𝐫 𝐈𝐧𝐝𝐢𝐚’𝐬 𝐚𝐥𝐭𝐌𝐁𝐀𝐬? The shuttering of Stoa School, the online IIM-challenger, suggests that online-only bootcamp models may not be the answer to disrupting the country's traditional business education system. While Stoa's flexible, startup-focused curriculum initially attracted 1,500 students across 15 cohorts, the program's refusal to venture beyond the virtual realm ultimately led to its downfall. In contrast, competitors like Masters' Union and Mesa School of Business have found success by embracing a physical campus experience. For eg, Mesa, in particular, has seen early success by offering a one-year, full time program that immerses students in a collaborative, in-person learning environment - a stark departure from Stoa's online-only approach. The demand for business education in India remains sky-high, with a record 3.3 lakh candidates vying for a limited number of seats at the country's top B-schools. This thirst for prestigious degrees and the networking opportunities they provide suggests that students may be less inclined to opt for online-only alternatives, no matter how flexible or practical the curriculum. Sustaining the altMBA model requires not just innovative pedagogy, but also a keen understanding of the Indian student's mindset and preferences. The prestige and community-building associated with a in-campus experience may prove to be the key differentiator in this evolving landscape. 🍇 𝙛𝙤𝙧 𝙏𝙝𝙤𝙪𝙜𝙝𝙩: 𝙎𝙩𝙤𝙖 𝙎𝙘𝙝𝙤𝙤𝙡'𝙨 𝙙𝙚𝙢𝙞𝙨𝙚 𝙞𝙨𝙣'𝙩 𝙟𝙪𝙨𝙩 𝙖𝙣 𝙚𝙙𝙩𝙚𝙘𝙝 𝙘𝙖𝙪𝙩𝙞𝙤𝙣𝙖𝙧𝙮 𝙩𝙖𝙡𝙚; 𝙞𝙩'𝙨 𝙖 𝙧𝙚𝙖𝙡𝙞𝙩𝙮 𝙘𝙝𝙚𝙘𝙠 𝙛𝙤𝙧 𝙄𝙣𝙙𝙞𝙖'𝙨 𝙖𝙡𝙩𝙈𝘽𝘼 𝙙𝙧𝙚𝙖𝙢𝙚𝙧𝙨. 𝙄𝙣 𝙖 𝙡𝙖𝙣𝙙 𝙬𝙝𝙚𝙧𝙚 𝙄𝙄𝙈 𝙥𝙚𝙙𝙞𝙜𝙧𝙚𝙚 𝙞𝙨 𝙩𝙝𝙚 𝙜𝙤𝙡𝙙𝙚𝙣 𝙩𝙞𝙘𝙠𝙚𝙩 𝙩𝙤 𝙨𝙪𝙘𝙘𝙚𝙨𝙨, 𝙘𝙖𝙣 𝙤𝙣𝙡𝙞𝙣𝙚-𝙤𝙣𝙡𝙮 𝙪𝙥𝙨𝙩𝙖𝙧𝙩𝙨 𝙧𝙚𝙖𝙡𝙡𝙮 𝙧𝙚𝙬𝙞𝙧𝙚 𝙩𝙝𝙚 𝙈𝘽𝘼 𝙢𝙞𝙣𝙙𝙨𝙚𝙩? 𝘼𝙨 𝙎𝙩𝙤𝙖'𝙨 𝙫𝙞𝙧𝙩𝙪𝙖𝙡 𝙙𝙤𝙤𝙧𝙨 𝙘𝙡𝙤𝙨𝙚 𝙖𝙣𝙙 𝙈𝙖𝙨𝙩𝙚𝙧'𝙨 𝙐𝙣𝙞𝙤𝙣 & 𝙈𝙚𝙨𝙖'𝙨 𝙥𝙝𝙮𝙨𝙞𝙘𝙖𝙡 𝙘𝙡𝙖𝙨𝙨𝙧𝙤𝙤𝙢𝙨 𝙩𝙝𝙧𝙞𝙫𝙚, 𝙞𝙩'𝙨 𝙘𝙡𝙚𝙖𝙧 𝙩𝙝𝙖𝙩 𝙙𝙞𝙨𝙧𝙪𝙥𝙩𝙞𝙤𝙣 𝙞𝙨𝙣'𝙩 𝙟𝙪𝙨𝙩 𝙖𝙗𝙤𝙪𝙩 𝙬𝙝𝙖𝙩 𝙮𝙤𝙪 𝙩𝙚𝙖𝙘𝙝, 𝙗𝙪𝙩 𝙝𝙤𝙬 𝙮𝙤𝙪 𝙗𝙪𝙞𝙡𝙙 𝙖 𝙘𝙤𝙢𝙢𝙪𝙣𝙞𝙩𝙮. 𝙒𝙞𝙩𝙝 𝘼𝙄 𝙥𝙤𝙞𝙨𝙚𝙙 𝙩𝙤 𝙧𝙚𝙨𝙝𝙖𝙥𝙚 𝙩𝙝𝙚 𝙛𝙪𝙩𝙪𝙧𝙚 𝙤𝙛 𝙬𝙤𝙧𝙠, 𝙬𝙞𝙡𝙡 𝙄𝙣𝙙𝙞𝙖'𝙨 𝙗𝙪𝙨𝙞𝙣𝙚𝙨𝙨 𝙚𝙙𝙪𝙘𝙖𝙩𝙞𝙤𝙣 𝙥𝙞𝙤𝙣𝙚𝙚𝙧𝙨 𝙖𝙙𝙖𝙥𝙩 𝙤𝙧 𝙗𝙚 𝙡𝙚𝙛𝙩 𝙗𝙚𝙝𝙞𝙣𝙙? 𝙏𝙝𝙚 𝙖𝙣𝙨𝙬𝙚𝙧 𝙢𝙖𝙮 𝙡𝙞𝙚 𝙣𝙤𝙩 𝙞𝙣 𝙩𝙝𝙚 𝙘𝙡𝙖𝙨𝙨𝙧𝙤𝙤𝙢, 𝙗𝙪𝙩 𝙞𝙣 𝙩𝙝𝙚 𝙘𝙤𝙣𝙣𝙚𝙘𝙩𝙞𝙤𝙣𝙨 𝙛𝙤𝙧𝙜𝙚𝙙 𝙗𝙚𝙮𝙤𝙣𝙙 𝙞𝙩. 🎓💼 Source: The Ken - 𝟕. 𝐆𝐨 𝐃𝐢𝐠𝐢𝐭'𝐬 𝐑𝐞𝐦𝐚𝐫𝐤𝐚𝐛𝐥𝐞 𝐓𝐮𝐫𝐧𝐚𝐫𝐨𝐮𝐧𝐝: 𝟓𝐱 𝐉𝐮𝐦𝐩 𝐢𝐧 𝐏𝐫𝐨𝐟𝐢𝐭, 𝐑𝐨𝐛𝐮𝐬𝐭 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐆𝐫𝐨𝐰𝐭𝐡 Key Highlights: - Profit After Tax (PAT) Surges Over 5x to INR 182 Cr: Go Digit's PAT saw a remarkable 400%+ jump in FY24, up from INR 36 Cr in the previous fiscal. - Gross Written Premium (GWP) Grows 24.5% to INR 9,016 Cr: The insurtech startup's total GWP increased significantly, driven by strong performance in health, travel, and personal accident insurance segments. - Net Earned Premium Rises to INR 7,096 Cr: Go Digit's net earned premium, a key metric, grew from INR 5,164 Cr in FY23 to INR 7,096 Cr in FY24. - Assets Under Management Reach INR 15,764 Cr: The company's assets under management saw a 24% year-on-year increase, showcasing its expanding scale. Operational Insights: - Motor Insurance Remains Dominant: Third-party motor and own damage motor insurance continued to be the largest contributors to Go Digit's GWP, accounting for 61% of the total. - Health, Travel, and Personal Accident Gain Traction: These segments collectively contributed 19% to the total GWP, highlighting their growing importance in the company's portfolio. - Premium Retention Ratio Improves: Go Digit's premium retention ratio increased from 81.6% in FY23 to 85.8% in FY24, indicating better risk management. Challenges and Outlook: - IPO Debut Lackluster: Go Digit's public listing in May 2024 saw a muted response, with the stock listing at a modest premium due to concerns over its premium valuation. - Expenses Rise, Driven by Claims: The company's total expenses grew over 36% in FY24, with a significant increase in claims paid, highlighting the need for continued operational efficiency. 🍇 𝙛𝙤𝙧 𝙏𝙝𝙤𝙪𝙜𝙝𝙩: 𝙂𝙤 𝘿𝙞𝙜𝙞𝙩'𝙨 𝙞𝙢𝙥𝙧𝙚𝙨𝙨𝙞𝙫𝙚 𝙁𝙔24 𝙧𝙚𝙨𝙪𝙡𝙩𝙨, 𝙬𝙞𝙩𝙝 𝙖 5𝙭 𝙥𝙧𝙤𝙛𝙞𝙩 𝙞𝙣𝙘𝙧𝙚𝙖𝙨𝙚 𝙖𝙣𝙙 24.5% 𝙥𝙧𝙚𝙢𝙞𝙪𝙢 𝙜𝙧𝙤𝙬𝙩𝙝, 𝙥𝙧𝙤𝙫𝙚 𝙩𝙝𝙖𝙩 𝙞𝙣𝙣𝙤𝙫𝙖𝙩𝙞𝙤𝙣 𝙘𝙖𝙣 𝙩𝙧𝙞𝙪𝙢𝙥𝙝 𝙞𝙣 𝙩𝙝𝙚 𝙞𝙣𝙨𝙪𝙧𝙖𝙣𝙘𝙚 𝙞𝙣𝙙𝙪𝙨𝙩𝙧𝙮. 𝘿𝙚𝙨𝙥𝙞𝙩𝙚 𝙖 𝙡𝙪𝙠𝙚𝙬𝙖𝙧𝙢 𝙄𝙋𝙊, 𝘿𝙞𝙜𝙞𝙩'𝙨 𝙩𝙚𝙘𝙝-𝙙𝙧𝙞𝙫𝙚𝙣 𝙖𝙥𝙥𝙧𝙤𝙖𝙘𝙝 𝙖𝙣𝙙 𝙥𝙧𝙤𝙙𝙪𝙘𝙩 𝙙𝙞𝙫𝙚𝙧𝙨𝙞𝙛𝙞𝙘𝙖𝙩𝙞𝙤𝙣 𝙨𝙝𝙤𝙬 𝙩𝙝𝙖𝙩 𝙘𝙪𝙨𝙩𝙤𝙢𝙚𝙧-𝙘𝙚𝙣𝙩𝙧𝙞𝙘𝙞𝙩𝙮 𝙞𝙨 𝙠𝙚𝙮. 𝘼𝙨 𝙩𝙧𝙖𝙙𝙞𝙩𝙞𝙤𝙣𝙖𝙡 𝙥𝙡𝙖𝙮𝙚𝙧𝙨 𝙨𝙩𝙧𝙪𝙜𝙜𝙡𝙚 𝙩𝙤 𝙖𝙙𝙖𝙥𝙩, 𝘿𝙞𝙜𝙞𝙩'𝙨 𝙨𝙪𝙘𝙘𝙚𝙨𝙨 𝙧𝙖𝙞𝙨𝙚𝙨 𝙖 𝙘𝙧𝙪𝙘𝙞𝙖𝙡 𝙦𝙪𝙚𝙨𝙩𝙞𝙤𝙣: 𝙬𝙞𝙡𝙡 𝙩𝙝𝙚 𝙞𝙣𝙨𝙪𝙧𝙖𝙣𝙘𝙚 𝙡𝙚𝙖𝙙𝙚𝙧𝙨 𝙤𝙛 𝙩𝙤𝙢𝙤𝙧𝙧𝙤𝙬 𝙗𝙚 𝙙𝙚𝙛𝙞𝙣𝙚𝙙 𝙣𝙤𝙩 𝙗𝙮 𝙩𝙝𝙚𝙞𝙧 𝙨𝙞𝙯𝙚, 𝙗𝙪𝙩 𝙗𝙮 𝙩𝙝𝙚𝙞𝙧 𝙖𝙗𝙞𝙡𝙞𝙩𝙮 𝙩𝙤 𝙡𝙚𝙫𝙚𝙧𝙖𝙜𝙚 𝙩𝙚𝙘𝙝𝙣𝙤𝙡𝙤𝙜𝙮 𝙖𝙣𝙙 𝙧𝙚𝙨𝙥𝙤𝙣𝙙 𝙩𝙤 𝙚𝙫𝙤𝙡𝙫𝙞𝙣𝙜 𝙘𝙪𝙨𝙩𝙤𝙢𝙚𝙧 𝙣𝙚𝙚𝙙𝙨? 💡📈 Source: Inc42 - 𝟖. 𝐈𝐧𝐝𝐢𝐚'𝐬 𝐖𝐞𝐚𝐥𝐭𝐡 𝐆𝐢𝐚𝐧𝐭 𝟑𝟔𝟎 𝐎𝐧𝐞 𝐀𝐜𝐪𝐮𝐢𝐫𝐞𝐬 𝐌𝐮𝐭𝐮𝐚𝐥 𝐅𝐮𝐧𝐝 𝐀𝐩𝐩 𝐄𝐓 𝐌𝐨𝐧𝐞𝐲 𝐟𝐨𝐫 $𝟒𝟒𝐌 In a move that's set to reshape India's wealth management landscape, 360 One WAM, the country's largest wealth manager for the ultra-rich, has snapped up mutual fund investment app ET Money for a cool $44 million. The Deal: - 360 One WAM acquires ET Money for approximately $44 million - ET Money brings over 900,000 transacting clients and $8.3 billion in managed assets - Acquisition marks 360 One's entry into the booming wealth tech space - Deal expected to create a comprehensive wealth management platform catering to both retail and high-net-worth clients The acquisition is a strategic masterstroke for 360 One, allowing the firm to leverage its domain expertise and advisory solutions to tap into ET Money's vast retail user base. By combining forces, 360 One is positioned to create a one-stop-shop for wealth management, catering to the diverse investment needs of clients across the wealth spectrum. The deal also underscores the rapid consolidation in India's tech ecosystem, with e-commerce giant Amazon recently acquiring another Times Internet startup. As established players seek to expand their reach and capabilities, wealth tech has emerged as a key battleground. 🍇 𝙛𝙤𝙧 𝙏𝙝𝙤𝙪𝙜𝙝𝙩: 360 𝙊𝙣𝙚'𝙨 $44𝙈 𝙖𝙘𝙦𝙪𝙞𝙨𝙞𝙩𝙞𝙤𝙣 𝙤𝙛 𝙀𝙏 𝙈𝙤𝙣𝙚𝙮 𝙞𝙨𝙣'𝙩 𝙟𝙪𝙨𝙩 𝙖 𝙗𝙪𝙨𝙞𝙣𝙚𝙨𝙨 𝙙𝙚𝙖𝙡; 𝙞𝙩'𝙨 𝙖 𝙨𝙞𝙜𝙣𝙖𝙡 𝙩𝙝𝙖𝙩 𝙬𝙚𝙖𝙡𝙩𝙝 𝙢𝙖𝙣𝙖𝙜𝙚𝙢𝙚𝙣𝙩 𝙞𝙣 𝙄𝙣𝙙𝙞𝙖 𝙞𝙨 𝙣𝙤 𝙡𝙤𝙣𝙜𝙚𝙧 𝙟𝙪𝙨𝙩 𝙖𝙗𝙤𝙪𝙩 𝙘𝙖𝙩𝙚𝙧𝙞𝙣𝙜 𝙩𝙤 𝙩𝙝𝙚 𝙪𝙡𝙩𝙧𝙖-𝙧𝙞𝙘𝙝. 𝘽𝙮 𝙘𝙤𝙢𝙗𝙞𝙣𝙞𝙣𝙜 𝙞𝙩𝙨 𝙝𝙞𝙜𝙝-𝙚𝙣𝙙 𝙖𝙙𝙫𝙞𝙨𝙤𝙧𝙮 𝙚𝙭𝙥𝙚𝙧𝙩𝙞𝙨𝙚 𝙬𝙞𝙩𝙝 𝙀𝙏 𝙈𝙤𝙣𝙚𝙮'𝙨 𝙢𝙖𝙨𝙨-𝙢𝙖𝙧𝙠𝙚𝙩 𝙧𝙚𝙖𝙘𝙝, 360 𝙊𝙣𝙚 𝙞𝙨 𝙗𝙚𝙩𝙩𝙞𝙣𝙜 𝙩𝙝𝙖𝙩 𝙩𝙝𝙚 𝙛𝙪𝙩𝙪𝙧𝙚 𝙤𝙛 𝙬𝙚𝙖𝙡𝙩𝙝 𝙞𝙨 𝙞𝙣 𝙩𝙝𝙚 𝙝𝙖𝙣𝙙𝙨 𝙤𝙛 𝙩𝙝𝙚 𝙢𝙖𝙣𝙮, 𝙣𝙤𝙩 𝙟𝙪𝙨𝙩 𝙩𝙝𝙚 𝙛𝙚𝙬. 𝘼𝙨 𝙛𝙞𝙣𝙩𝙚𝙘𝙝 𝙙𝙞𝙨𝙧𝙪𝙥𝙩𝙨 𝙩𝙧𝙖𝙙𝙞𝙩𝙞𝙤𝙣𝙖𝙡 𝙬𝙚𝙖𝙡𝙩𝙝 𝙢𝙖𝙣𝙖𝙜𝙚𝙢𝙚𝙣𝙩, 𝙩𝙝𝙚 𝙦𝙪𝙚𝙨𝙩𝙞𝙤𝙣 𝙖𝙧𝙞𝙨𝙚𝙨: 𝙬𝙞𝙡𝙡 𝙩𝙝𝙚 𝙤𝙡𝙙 𝙜𝙪𝙖𝙧𝙙𝙨 𝙖𝙙𝙖𝙥𝙩 𝙖𝙣𝙙 𝙖𝙘𝙦𝙪𝙞𝙧𝙚, 𝙤𝙧 𝙬𝙞𝙡𝙡 𝙩𝙝𝙚𝙮 𝙗𝙚 𝙡𝙚𝙛𝙩 𝙗𝙚𝙝𝙞𝙣𝙙 𝙗𝙮 𝙣𝙞𝙢𝙗𝙡𝙚𝙧, 𝙩𝙚𝙘𝙝-𝙨𝙖𝙫𝙫𝙮 𝙥𝙡𝙖𝙮𝙚𝙧𝙨? 𝙏𝙝𝙚 360 𝙊𝙣𝙚-𝙀𝙏 𝙈𝙤𝙣𝙚𝙮 𝙙𝙚𝙖𝙡 𝙢𝙖𝙮 𝙟𝙪𝙨𝙩 𝙗𝙚 𝙩𝙝𝙚 𝙗𝙚𝙜𝙞𝙣𝙣𝙞𝙣𝙜 𝙤𝙛 𝙖 𝙣𝙚𝙬 𝙚𝙧𝙖 𝙞𝙣 𝙄𝙣𝙙𝙞𝙖𝙣 𝙬𝙚𝙖𝙡𝙩𝙝 𝙢𝙖𝙣𝙖𝙜𝙚𝙢𝙚𝙣𝙩, 𝙬𝙝𝙚𝙧𝙚 𝙩𝙝𝙚 𝙡𝙞𝙣𝙚𝙨 𝙗𝙚𝙩𝙬𝙚𝙚𝙣 𝙧𝙚𝙩𝙖𝙞𝙡 𝙖𝙣𝙙 𝙚𝙡𝙞𝙩𝙚 𝙗𝙡𝙪𝙧, 𝙖𝙣𝙙 𝙞𝙣𝙣𝙤𝙫𝙖𝙩𝙞𝙤𝙣 𝙗𝙚𝙘𝙤𝙢𝙚𝙨 𝙩𝙝𝙚 𝙠𝙚𝙮 𝙩𝙤 𝙨𝙪𝙧𝙫𝙞𝙫𝙖𝙡. 💰📱 Source: TechCrunch - 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐓𝐞𝐜𝐡 🌍 𝟏. 𝐈𝐭’𝐬 𝐭𝐢𝐦𝐞 𝐭𝐨 𝐁𝐞𝐀𝐜𝐪𝐮𝐢𝐫𝐞𝐝 𝐟𝐨𝐫 €𝟓𝟎𝟎 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 In a plot twist that's shaking up the social media world, BeReal, the pandemic-born app that built its brand on authenticity, is being acquired by French mobile games company Voodoo for a whopping €500 million. The Acquisition Equation: - Voodoo snaps up BeReal for €500 million - BeReal struggling with user growth and funding despite initial success - Voodoo sees opportunity to leverage BeReal's user loyalty and bring its expertise to scale the app - BeReal co-founder and CEO Alexis Barreyat to depart after transition, replaced by Voodoo's Wizz app CEO Aymeric Roffé - Acquisition aims to allow BeReal to build new features and refocus on growth through marketing On the surface, it's a classic Silicon Valley fairy tale: innovative startup gets scooped up by established player, lives happily ever after. But beneath the filtered veneer, questions loom: Can Voodoo, a company known for mobile games, navigate the fickle world of social media? Will BeReal's unfiltered ethos survive under new ownership, or will it be lost in the quest for growth? And what does this mean for the broader social media landscape, as giants gobble up niche players? 🍇 𝐟𝐨𝐫 𝐓𝐡𝐨𝐮𝐠𝐡𝐭: 𝐋𝐞𝐭’𝐬 𝐁𝐞𝐑𝐞𝐚𝐥 – 𝐭𝐡𝐞 €𝟓𝟎𝟎𝐌 𝐚𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧 𝐛𝐲 𝐕𝐨𝐨𝐝𝐨𝐨 𝐢𝐬𝐧'𝐭 𝐣𝐮𝐬𝐭 𝐚 𝐭𝐞𝐜𝐡 𝐝𝐞𝐚𝐥; 𝐢𝐭'𝐬 𝐭𝐚𝐛𝐥𝐞 𝐬𝐭𝐚𝐤𝐞𝐬 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐚𝐮𝐭𝐡𝐞𝐧𝐭𝐢𝐜𝐢𝐭𝐲-𝐝𝐫𝐢𝐯𝐞𝐧 𝐬𝐨𝐜𝐢𝐚𝐥 𝐦𝐞𝐝𝐢𝐚 𝐰𝐚𝐯𝐞. 𝐁𝐮𝐭 𝐚𝐬 𝐭𝐡𝐞 𝐚𝐩𝐩'𝐬 𝐨𝐫𝐢𝐠𝐢𝐧𝐚𝐥 𝐟𝐨𝐮𝐧𝐝𝐞𝐫 𝐝𝐞𝐩𝐚𝐫𝐭𝐬, 𝐰𝐢𝐥𝐥 𝐁𝐞𝐑𝐞𝐚𝐥'𝐬 𝐧𝐞𝐰 𝐜𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐨𝐯𝐞𝐫𝐥𝐨𝐫𝐝𝐬 𝐬𝐚𝐜𝐫𝐢𝐟𝐢𝐜𝐞 𝐢𝐭𝐬 𝐚𝐮𝐭𝐡𝐞𝐧𝐭𝐢𝐜𝐢𝐭𝐲 𝐢𝐧 𝐩𝐮𝐫𝐬𝐮𝐢𝐭 𝐨𝐟 𝐠𝐫𝐨𝐰𝐭𝐡? 𝐀𝐬 𝐁𝐞𝐑𝐞𝐚𝐥 𝐞𝐧𝐭𝐞𝐫𝐬 𝐭𝐡𝐢𝐬 𝐧𝐞𝐰 𝐜𝐡𝐚𝐩𝐭𝐞𝐫, 𝐢𝐭 𝐟𝐚𝐜𝐞𝐬 𝐚 𝐛𝐚𝐥𝐚𝐧𝐜𝐢𝐧𝐠 𝐚𝐜𝐭: 𝐡𝐨𝐰 𝐭𝐨 𝐬𝐜𝐚𝐥𝐞 𝐰𝐢𝐭𝐡𝐨𝐮𝐭 𝐬𝐚𝐜𝐫𝐢𝐟𝐢𝐜𝐢𝐧𝐠 𝐬𝐨𝐮𝐥. 𝐈𝐟 𝐢𝐭 𝐜𝐚𝐧 𝐦𝐚𝐢𝐧𝐭𝐚𝐢𝐧 𝐢𝐭𝐬 𝐮𝐧𝐟𝐢𝐥𝐭𝐞𝐫𝐞𝐝 𝐦𝐚𝐠𝐢𝐜 𝐰𝐡𝐢𝐥𝐞 𝐭𝐚𝐩𝐩𝐢𝐧𝐠 𝐢𝐧𝐭𝐨 𝐕𝐨𝐨𝐝𝐨𝐨'𝐬 𝐞𝐱𝐩𝐞𝐫𝐭𝐢𝐬𝐞, 𝐢𝐭 𝐜𝐨𝐮𝐥𝐝 𝐫𝐞𝐰𝐫𝐢𝐭𝐞 𝐭𝐡𝐞 𝐫𝐮𝐥𝐞𝐬 𝐨𝐟 𝐬𝐨𝐜𝐢𝐚𝐥 𝐦𝐞𝐝𝐢𝐚. 𝐁𝐮𝐭 𝐢𝐟 𝐢𝐭 𝐥𝐨𝐬𝐞𝐬 𝐬𝐢𝐠𝐡𝐭 𝐨𝐟 𝐰𝐡𝐚𝐭 𝐦𝐚𝐝𝐞 𝐢𝐭 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐢𝐧 𝐭𝐡𝐞 𝐟𝐢𝐫𝐬𝐭 𝐩𝐥𝐚𝐜𝐞, 𝐢𝐭 𝐫𝐢𝐬𝐤𝐬 𝐛𝐞𝐜𝐨𝐦𝐢𝐧𝐠 𝐣𝐮𝐬𝐭 𝐚𝐧𝐨𝐭𝐡𝐞𝐫 𝐟𝐢𝐥𝐭𝐞𝐫𝐞𝐝 𝐟𝐚𝐜𝐞 𝐢𝐧 𝐭𝐡𝐞 𝐜𝐫𝐨𝐰𝐝. 📸💬 Source: Tech Crunch - 𝟐. 𝐇𝐞 𝐛𝐫𝐨𝐮𝐠𝐡𝐭 𝐮𝐬 𝐌𝐢𝐜𝐫𝐨𝐬𝐨𝐟𝐭. 𝐍𝐨𝐰, 𝐡𝐞 𝐛𝐫𝐢𝐧𝐠𝐬 𝐮𝐬 𝐧𝐮𝐜𝐥𝐞𝐚𝐫 𝐞𝐧𝐞𝐫𝐠𝐲 The tech titan who revolutionized computing with Microsoft is now setting his sights on a new frontier: nuclear energy. Bill Gates, a longtime champion of clean energy, is putting his billions behind TerraPower, a company he co-founded to boost private investment in next-generation nuclear power. The Reactor Revolution: •⁠ ⁠TerraPower breaking ground on first-of-its-kind reactor in Wyoming •⁠ ⁠Innovative design: liquid sodium cooling, flexible output, smaller footprint •⁠ ⁠Aims to be cheaper, nimbler, and more compatible with renewables than traditional nuclear plants •⁠ ⁠Gates personally invested $1 billion, raised another $830 million Gates' commitment to TerraPower is more than just financial. "I'm involved in TerraPower because we need to build a lot of these reactors," he emphasized, underscoring his personal mission to transform the energy landscape. But the road ahead is not without obstacles. TerraPower's unconventional design must navigate a complex regulatory landscape and prove it can deliver on its cost-saving promises. Nuclear's troubled history of delays and cost overruns looms large. Yet, with Gates at the helm, TerraPower has the star power and deep pockets to potentially overcome these hurdles. If successful, the company could revitalize the stagnant nuclear industry and usher in a new era of reliable, carbon-free power. 🍇 𝙛𝙤𝙧 𝙏𝙝𝙤𝙪𝙜𝙝𝙩: 𝘽𝙞𝙡𝙡 𝙂𝙖𝙩𝙚𝙨' 𝙗𝙞𝙡𝙡𝙞𝙤𝙣-𝙙𝙤𝙡𝙡𝙖𝙧 𝙗𝙚𝙩 𝙤𝙣 𝙏𝙚𝙧𝙧𝙖𝙋𝙤𝙬𝙚𝙧 𝙞𝙨𝙣'𝙩 𝙟𝙪𝙨𝙩 𝙖𝙗𝙤𝙪𝙩 𝙗𝙪𝙞𝙡𝙙𝙞𝙣𝙜 𝙖 𝙗𝙚𝙩𝙩𝙚𝙧 𝙧𝙚𝙖𝙘𝙩𝙤𝙧; 𝙞𝙩'𝙨 𝙖𝙗𝙤𝙪𝙩 𝙧𝙚𝙗𝙧𝙖𝙣𝙙𝙞𝙣𝙜 𝙣𝙪𝙘𝙡𝙚𝙖𝙧 𝙚𝙣𝙚𝙧𝙜𝙮 𝙛𝙤𝙧 𝙩𝙝𝙚 𝙣𝙚𝙩-𝙯𝙚𝙧𝙤 𝙚𝙧𝙖. 𝙄𝙛 𝙂𝙖𝙩𝙚𝙨 𝙘𝙖𝙣 𝙡𝙚𝙫𝙚𝙧𝙖𝙜𝙚 𝙝𝙞𝙨 𝙩𝙚𝙘𝙝 𝙘𝙡𝙤𝙪𝙩 𝙩𝙤 𝙤𝙫𝙚𝙧𝙘𝙤𝙢𝙚 𝙥𝙪𝙗𝙡𝙞𝙘 𝙨𝙠𝙚𝙥𝙩𝙞𝙘𝙞𝙨𝙢 𝙖𝙣𝙙 𝙧𝙚𝙜𝙪𝙡𝙖𝙩𝙤𝙧𝙮 𝙝𝙪𝙧𝙙𝙡𝙚𝙨, 𝙏𝙚𝙧𝙧𝙖𝙋𝙤𝙬𝙚𝙧 𝙘𝙤𝙪𝙡𝙙 𝙗𝙚 𝙩𝙝𝙚 𝙜𝙖𝙢𝙚-𝙘𝙝𝙖𝙣𝙜𝙚𝙧 𝙩𝙝𝙖𝙩 𝙧𝙚𝙬𝙧𝙞𝙩𝙚𝙨 𝙩𝙝𝙚 𝙛𝙪𝙩𝙪𝙧𝙚 𝙤𝙛 𝙘𝙡𝙚𝙖𝙣 𝙥𝙤𝙬𝙚𝙧. 𝘽𝙪𝙩 𝙩𝙝𝙚 𝙦𝙪𝙚𝙨𝙩𝙞𝙤𝙣 𝙧𝙚𝙢𝙖𝙞𝙣𝙨: 𝙬𝙞𝙡𝙡 𝙂𝙖𝙩𝙚𝙨' 𝙜𝙖𝙢𝙗𝙞𝙩 𝙥𝙖𝙮 𝙤𝙛𝙛, 𝙤𝙧 𝙬𝙞𝙡𝙡 𝙣𝙪𝙘𝙡𝙚𝙖𝙧'𝙨 𝙩𝙧𝙤𝙪𝙗𝙡𝙚𝙙 𝙥𝙖𝙨𝙩 𝙥𝙧𝙤𝙫𝙚 𝙩𝙤𝙤 𝙢𝙪𝙘𝙝 𝙩𝙤 𝙤𝙫𝙚𝙧𝙘𝙤𝙢𝙚? ⚛️🌍 Source: The Morning Brew - -- Let's discuss ⬇️

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