The Morning Vine đ
Good morning! Too much has happened in the last 24 hours, weâre going double the size of our 5 news a day quota - here we go: đđ§đđ˘đ đđđđĄ đŽđł đ. đđŤđ¨đ°đ°âđŹ đđđđ˘đŻđ đđ§đŻđđŹđđ¨đŤ đđđŹđ đđĽđ˘đŚđđŹ đđŻđđŤ đđđŤ đđ§ đđđ˛ đđđđ; đđđŤđ¨đđĄđ đđđđ˛đŹ đđđđ¨đ§đ 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. đ đđ¤đ§ đđđ¤đŞđđđŠ: đđ§đ¤đŹđŹ'đ¨ 1 đđ§đ¤đ§đ đđđŠđđŤđ đđŁđŤđđ¨đŠđ¤đ§ đ˘đđĄđđ¨đŠđ¤đŁđ đđ¨ đđ˘đĽđ§đđ¨đ¨đđŤđ, đđŞđŠ đŠđđ đ§đđđĄ đŠđđ¨đŠ đĄđđđ¨ đđđđđ. đđđ§đ¤đđđ'đ¨ đđđđđđ§ đ§đđŤđđŁđŞđđ¨ đŹđđŠđ đđđŹđđ§ đŞđ¨đđ§đ¨ đŞđŁđđđ§đ¨đđ¤đ§đ đŠđđđ¨ đđđđĄđĄđđŁđđ. đ˝đđĄđđŁđđđŁđ đ¨đđđĄđ đŹđđŠđ đ¨đŞđ¨đŠđđđŁđđđđĄđđŠđŽ đŹđđĄđĄ đđ đ đđŽ đŠđ¤ đđ§đ¤đŹđŹ'đ¨đ¨ đđđđđđ§ đ§đđŤđđŁđŞđđ¨ đŹđđŠđ đđđŹđđ§ đŞđ¨đđ§đ¨ đŞđŁđđđ§đ¨đđ¤đ§đ đŠđđđ¨ đđđđĄđĄđđŁđđ. đ˝đđĄđđŁđđđŁđ đ¨đđđĄđ đŹđđŠđ đ¨đŞđ¨đŠđđđŁđđđđĄđđŠđŽ đŹđđĄđĄ đđ đ đđŽ đŠđ¤ đđ§đ¤đŹđŹ'đ¨ đĄđ¤đŁđ-đŠđđ§đ˘ đ¨đŞđđđđ¨đ¨ đđŁ đđŁđđđ'đ¨ đđ§đ¤đŹđđđ đđđŁđŠđđđ đđ§đđŁđ. Source: Inc42 - đ. đđ¨đŚđđđ¨ đŠđŽđŚđŠđ˘đ§đ đ˘đ§ đŚđ¨đŤđ đđŽđđĽ đ˘đ§đđ¨ đđĽđ˘đ§đ¤đ˘đ Zomato plans to invest an additional âš300 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 âš769Cr 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. đ đđ¤đ§ đđđ¤đŞđđđŠ: đđđŠđ đ˝đĄđđŁđ đđŠ'đ¨ đ§đđŤđđŁđŞđ đđ¤đŞđđĄđđŁđ đđŁđ đđđđŞđ¨đŠđđ đđ˝đđđżđź đŠđŞđ§đŁđđŁđ đĽđ¤đ¨đđŠđđŤđ, đđŠ'đ¨ đđĄđđđ§ đŠđđđŠ đđ¤đ˘đđŠđ¤'đ¨ đđ¤đĄđ đđđŚđŞđđ¨đđŠđđ¤đŁ đđđ¨ đĽđđđ đ¤đđ. đźđ¨ đđ¤đ˘đĽđđŠđđŠđ¤đ§đ¨ đ¨đđ§đđ˘đđĄđ đŠđ¤ đđđŠđđ đŞđĽ, đ˝đĄđđŁđ đđŠ'đ¨ đŞđŁđ§đđŤđđĄđđ đđđđđŞđŠđđ¤đŁ đđŁđ đđđĽđđŁđđđŁđ đđđ§đ đ¨đŠđ¤đ§đ đŁđđŠđŹđ¤đ§đ đ¨đđŠ đđŠ đđĽđđ§đŠ. đđđđ¨ đđđĽđđŠđđĄ đđŁđđŞđ¨đđ¤đŁ đŹđđĄđĄ đ¤đŁđĄđŽ đđđđđĄđđ§đđŠđ đ˝đĄđđŁđ đđŠ'đ¨ đđ§đ¤đŹđŠđ đŠđ§đđđđđŠđ¤đ§đŽ, đđđ˘đđŁđŠđđŁđ đđŠđ¨ đĽđ¤đ¨đđŠđđ¤đŁ đđ¨ đŠđđ đŞđŁđđđ¨đĽđŞđŠđđ đ đđŁđ đ¤đ đŚđŞđđđ đđ¤đ˘đ˘đđ§đđ. đđ¤đ˘đđŠđ¤'đ¨ đđ¤đ¤đ đđđĄđđŤđđ§đŽ đđ§đ¤đŹđŁ đ˘đđŽ đ¨đ¤đ¤đŁ đđ đ¤đŤđđ§đ¨đđđđ¤đŹđđ đđŽ đ˝đĄđđŁđ đđŠ'đ¨ đ§đđĽđđ đđ¨đđđŁđŠ, đĽđ§đ¤đŤđđŁđ đŠđđđŠ đ¨đ¤đ˘đđŠđđ˘đđ¨ đŠđđ đđđ¨đŠ đŹđđŽ đŠđ¤ đđđ¨đ§đŞđĽđŠ đŽđ¤đŞđ§đ¨đđĄđ đđ¨ đŠđ¤ đđŞđŽ đŽđ¤đŞđ§ đđđđđđ¨đŠ đđđđĄđĄđđŁđđđ§. đđ˝ď¸ Source: Economic Times - đ. đđđŠđđ¨ đŤđđ˘đŹđ˘đ§đ $đđđ đŚđ˘đĽđĽđ˘đ¨đ§ - đđđđđ đđđđđđđ đđđđđđđ! 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. đ đđ¤đ§ đđđ¤đŞđđđŠ: đđŁ đ đ˘đđ§đ đđŠ đŹđđđ§đ đđ¤đĄđđđŠđđ¨ đĄđđ đ đđŹđđđđŽ đđŁđ đđ¤đ˘đđŠđ¤'đ¨ đ˝đĄđđŁđ đđŠ đ§đŞđĄđ, đđđĽđŠđ¤'đ¨ đżđđŤđđ-đĄđđ đ đ§đđ¨đ đđ¨ đ đ§đđđ§đđ¨đđđŁđ đ§đđ˘đđŁđđđ§ đŠđđđŠ đ¨đ¤đ˘đđŠđđ˘đđ¨, đŠđđ đđŞđŁđđ§đđđ¨đŠ đĽđĄđđŽđđ§ đŹđđŁđ¨. đđđ đđđđŠ đŠđđđŠ đ˝đĄđđŁđ đđŠ đđđ¨ đđđđ¤đ˘đ đđ¤đ˘đđŠđ¤'đ¨ đđ§đ¤đŹđŁ đđđŹđđĄ đđŁđ đđ¨ đŁđ¤đŹ đđŠđŠđ§đđđŠđđŁđ đ˘đđ¨đ¨đđŤđ đđŁđŤđđ¨đŠđ˘đđŁđŠđ¨ đ¤đŁđĄđŽ đŞđŁđđđ§đ¨đđ¤đ§đđ¨ đŠđđ đđ˘đ˘đđŁđ¨đ đĽđ¤đŠđđŁđŠđđđĄ đ¤đ đŚđŞđđđ đđ¤đ˘đ˘đđ§đđ đđŁ đđŁđđđ. đđŁđĄđđ đ đđŁ đđđ¨đŠđđ§đŁ đ˘đđ§đ đđŠđ¨, đŹđđđ§đ đŚđŞđđđ đđ¤đ˘đ˘đđ§đđ đđđ¨ đ¨đŠđ§đŞđđđĄđđ, đđŁđđđ'đ¨ đŞđŁđđŚđŞđ đđ¤đ˘đđđŁđđŠđđ¤đŁ đ¤đ đĽđ¤đĽđŞđĄđđŠđđ¤đŁ đđđŁđ¨đđŠđŽ, đ§đđ¨đđŁđ đđđ¨đĽđ¤đ¨đđđĄđ đđŁđđ¤đ˘đđ¨, đđŁđ đŠđđđ-đ¨đđŤđŤđŽ đđ¤đŁđ¨đŞđ˘đđ§đ¨ đđđ¨ đđ§đđđŠđđ đ đĽđđ§đđđđŠ đ¨đŠđ¤đ§đ˘ đđ¤đ§ đŠđđ đ¨đđđŠđ¤đ§'đ¨ đđ§đ¤đŹđŠđ. đđđŠđ đđ§đđ¨đ đđŞđŁđđ¨ đđŁđ đ đđ§đđ¨đ đŤđ¤đŠđ đ¤đ đđ¤đŁđđđđđŁđđ, đđđĽđŠđ¤ đđ¨ đĽđ¤đđ¨đđ đŠđ¤ đ§đđŹđ§đđŠđ đŠđđ đ§đŞđĄđđ¨ đ¤đ đđŁđđđ'đ¨ đŚđŞđđđ -đđ¤đ˘đ˘đđ§đđ đ§đđđ đđŁđ đ§đđ¨đđđĽđ đđ¤đŁđ¨đŞđ˘đđ§ đđđđđŤđđ¤đ§ đđ¤đ§ đŽđđđ§đ¨ đŠđ¤ đđ¤đ˘đ. đŽđłđđ¨ Source: The Arc - đ. đđđđ'đŹ đđ˘đŹđŹđ˘đ§đ đđ˘đĽđĽđ˘đ¨đ§đŹ: đ $đđđđ đđđŹđŹđ¨đ§ đ˘đ§ đđđđđđĄ đđđđ¨đŽđ§đđđđ˘đĽđ˘đđ˛ đđ¸ 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 đ đđ¤đ§ đđđ¤đŞđđđŠ: đđđ đđ¤đŞđ§đŠ'đ¨ đđđŁđđđŁđđ¨ đ¤đ đđ¤đŁđŠđđ˘đĽđŠ đđŁđ đđ¤đŁđđđđĄđ˘đđŁđŠ đ¨đŞđđđđ¨đŠ đ đŠđ§đ¤đŞđđĄđđŁđ đĄđđđ đ¤đ đŠđ§đđŁđ¨đĽđđ§đđŁđđŽ đđŁđ đđđđ¤đŞđŁđŠđđđđĄđđŠđŽ đđŁ đđŁ đđŁđđŞđ¨đŠđ§đŽ đđŁđŠđ§đŞđ¨đŠđđ đŹđđŠđ đ¨đđđĽđđŁđ đŽđ¤đŞđŁđ đ˘đđŁđđ¨. đźđ¨ đŠđđ đ¨đđđŠđ¤đ§'đ¨ đđ¤đĄđđđŁ đđđđĄđ đđđđđ¨ đ $1.2 đđđĄđĄđđ¤đŁ đ§đđđ đ¤đŁđđŁđ, đđŠ'đ¨ đđĄđđđ§ đŠđđđŠ đđ§đ¤đŹđŠđ đđŠ đđŁđŽ đđ¤đ¨đŠ đđ¨ đŁđ¤ đĄđ¤đŁđđđ§ đ¨đŞđ¨đŠđđđŁđđđĄđ. đ˝đđ đ'đ¨ đ¨đđđ đ˘đđŽ đđ đŠđđ đŠđđĽđĽđđŁđ đĽđ¤đđŁđŠ đŠđđđŠ đđ¤đ§đđđ¨ đđđŠđđđ đŠđ¤ đđ¤đŁđđ§đ¤đŁđŠ đđŠđ¨ đđ¤đŤđđ§đŁđđŁđđ đđđ˘đ¤đŁđ¨ đđŁđ đ§đđđŞđđĄđ đŠđ§đŞđ¨đŠ đŹđđŠđ đđŁđŤđđ¨đŠđ¤đ§đ¨ đđŁđ đ¨đ¤đđđđŠđŽ. đđđ đđŞđŠđŞđ§đ đ¤đ đđđŠđđđ đđđĽđđŁđđ¨ đ¤đŁ đđŠ. đ¨đ Source: Inc42 - đ. đđŤđđ'đŹ đđ¨đĽđĽđđđđŤđđĽ đđĽđđ˛: đđđđŽđŤđ˘đ§đ đđŤđ¨đ°đđĄ đ˘đ§ đ đđĄđ˘đđđ˘đ§đ đđđ§đđŹđđđŠđ đď¸đŚ 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. đ đđ¤đ§ đđđ¤đŞđđđŠ: đžđ§đđ'đ¨ đđ¤đ§đđŽ đđŁđŠđ¤ đ¨đđđŞđ§đđ đĄđđŁđđđŁđ đđ¨đŁ'đŠ đđŞđ¨đŠ đ đĽđđŤđ¤đŠ; đđŠ'đ¨ đ đĄđđŠđ˘đŞđ¨ đŠđđ¨đŠ đđ¤đ§ đŠđđ đđđđĽđŠđđđđĄđđŠđŽ đ¤đ đđŁđđđ'đ¨ đđđŁđŠđđđ đŞđŁđđđ¤đ§đŁđ¨. đźđ¨ đŠđđ đ§đđđŞđĄđđŠđ¤đ§đŽ đŹđđŁđđ¨ đ¨đđđđŠ, đžđ§đđ'đ¨ đđđđĄđđŠđŽ đŠđ¤ đŁđđŤđđđđŠđ đŠđđ đđ¤đ˘đĽđĄđđ đŹđ¤đ§đĄđ đ¤đ đđ¤đĄđĄđđŠđđ§đđĄđđŻđđ đđ§đđđđŠ đđ¤đŞđĄđ đđ đŠđđ đđđđđđ§đđŁđđ đđđŠđŹđđđŁ đđ¤đ¤đ˘ đđŁđ đđŞđ¨đŠ. đ˝đŞđŠ đđđŁ đ đđđđđŠđđĄ đŁđđŠđđŤđ đĄđđ đ đžđ§đđ đđ§đđđ đŠđđ đ¤đđđĄđđŁđ đđ¤đđ đ¤đ đđ¨đ¨đđŠ-đđđđ đđ đĄđđŁđđđŁđ, đ¤đ§ đŹđđĄđĄ đđŠ đđđŁđ đđŠđ¨đđĄđ đ¤đŞđŠđ˘đđŠđđđđ đđŽ đđŁđŠđ§đđŁđđđđ đđŁđđŞđ˘đđđŁđŠđ¨? đđđ đđŁđ¨đŹđđ§ đ˘đđŽ đŁđ¤đŠ đđŞđ¨đŠ đđđŠđđ§đ˘đđŁđ đžđ§đđ'đ¨ đđđŠđ, đđŞđŠ đŠđđ đŠđ§đđđđđŠđ¤đ§đŽ đ¤đ đđŁđđđ'đ¨ đđđŁđŠđđđ đ§đđŤđ¤đĄđŞđŠđđ¤đŁ đđŠđ¨đđĄđ. đŚđŻ Source: The Arc - đ. đđđ¨đ đđđĄđ¨đ¨đĽ, đđĄđ "đđđ đđĄđđĽđĽđđ§đ đđŤ", đ˘đŹ đđđđ. đđĄđđâđŹ đ§đđąđ đđ¨đŤ đđ§đđ˘đâđŹ đđĽđđđđđŹ? 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. đ đđ¤đ§ đđđ¤đŞđđđŠ: đđŠđ¤đ đđđđ¤đ¤đĄ'đ¨ đđđ˘đđ¨đ đđ¨đŁ'đŠ đđŞđ¨đŠ đđŁ đđđŠđđđ đđđŞđŠđđ¤đŁđđ§đŽ đŠđđĄđ; đđŠ'đ¨ đ đ§đđđĄđđŠđŽ đđđđđ đđ¤đ§ đđŁđđđ'đ¨ đđĄđŠđđ˝đź đđ§đđđ˘đđ§đ¨. đđŁ đ đĄđđŁđ đŹđđđ§đ đđđ đĽđđđđđ§đđ đđ¨ đŠđđ đđ¤đĄđđđŁ đŠđđđ đđŠ đŠđ¤ đ¨đŞđđđđ¨đ¨, đđđŁ đ¤đŁđĄđđŁđ-đ¤đŁđĄđŽ đŞđĽđ¨đŠđđ§đŠđ¨ đ§đđđĄđĄđŽ đ§đđŹđđ§đ đŠđđ đđ˝đź đ˘đđŁđđ¨đđŠ? đźđ¨ đđŠđ¤đ'đ¨ đŤđđ§đŠđŞđđĄ đđ¤đ¤đ§đ¨ đđĄđ¤đ¨đ đđŁđ đđđ¨đŠđđ§'đ¨ đđŁđđ¤đŁ & đđđ¨đ'đ¨ đĽđđŽđ¨đđđđĄ đđĄđđ¨đ¨đ§đ¤đ¤đ˘đ¨ đŠđđ§đđŤđ, đđŠ'đ¨ đđĄđđđ§ đŠđđđŠ đđđ¨đ§đŞđĽđŠđđ¤đŁ đđ¨đŁ'đŠ đđŞđ¨đŠ đđđ¤đŞđŠ đŹđđđŠ đŽđ¤đŞ đŠđđđđ, đđŞđŠ đđ¤đŹ đŽđ¤đŞ đđŞđđĄđ đ đđ¤đ˘đ˘đŞđŁđđŠđŽ. đđđŠđ đźđ đĽđ¤đđ¨đđ đŠđ¤ đ§đđ¨đđđĽđ đŠđđ đđŞđŠđŞđ§đ đ¤đ đŹđ¤đ§đ , đŹđđĄđĄ đđŁđđđ'đ¨ đđŞđ¨đđŁđđ¨đ¨ đđđŞđđđŠđđ¤đŁ đĽđđ¤đŁđđđ§đ¨ đđđđĽđŠ đ¤đ§ đđ đĄđđđŠ đđđđđŁđ? đđđ đđŁđ¨đŹđđ§ đ˘đđŽ đĄđđ đŁđ¤đŠ đđŁ đŠđđ đđĄđđ¨đ¨đ§đ¤đ¤đ˘, đđŞđŠ đđŁ đŠđđ đđ¤đŁđŁđđđŠđđ¤đŁđ¨ đđ¤đ§đđđ đđđŽđ¤đŁđ đđŠ. đđź Source: The Ken - đ. đđ¨ đđ˘đ đ˘đ'đŹ đđđŚđđŤđ¤đđđĽđ đđŽđŤđ§đđŤđ¨đŽđ§đ: đđą đđŽđŚđŠ đ˘đ§ đđŤđ¨đđ˘đ, đđ¨đđŽđŹđ đđŤđđŚđ˘đŽđŚ đđŤđ¨đ°đđĄ 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. đ đđ¤đ§ đđđ¤đŞđđđŠ: đđ¤ đżđđđđŠ'đ¨ đđ˘đĽđ§đđ¨đ¨đđŤđ đđ24 đ§đđ¨đŞđĄđŠđ¨, đŹđđŠđ đ 5đ đĽđ§đ¤đđđŠ đđŁđđ§đđđ¨đ đđŁđ 24.5% đĽđ§đđ˘đđŞđ˘ đđ§đ¤đŹđŠđ, đĽđ§đ¤đŤđ đŠđđđŠ đđŁđŁđ¤đŤđđŠđđ¤đŁ đđđŁ đŠđ§đđŞđ˘đĽđ đđŁ đŠđđ đđŁđ¨đŞđ§đđŁđđ đđŁđđŞđ¨đŠđ§đŽ. đżđđ¨đĽđđŠđ đ đĄđŞđ đđŹđđ§đ˘ đđđ, đżđđđđŠ'đ¨ đŠđđđ-đđ§đđŤđđŁ đđĽđĽđ§đ¤đđđ đđŁđ đĽđ§đ¤đđŞđđŠ đđđŤđđ§đ¨đđđđđđŠđđ¤đŁ đ¨đđ¤đŹ đŠđđđŠ đđŞđ¨đŠđ¤đ˘đđ§-đđđŁđŠđ§đđđđŠđŽ đđ¨ đ đđŽ. đźđ¨ đŠđ§đđđđŠđđ¤đŁđđĄ đĽđĄđđŽđđ§đ¨ đ¨đŠđ§đŞđđđĄđ đŠđ¤ đđđđĽđŠ, đżđđđđŠ'đ¨ đ¨đŞđđđđ¨đ¨ đ§đđđ¨đđ¨ đ đđ§đŞđđđđĄ đŚđŞđđ¨đŠđđ¤đŁ: đŹđđĄđĄ đŠđđ đđŁđ¨đŞđ§đđŁđđ đĄđđđđđ§đ¨ đ¤đ đŠđ¤đ˘đ¤đ§đ§đ¤đŹ đđ đđđđđŁđđ đŁđ¤đŠ đđŽ đŠđđđđ§ đ¨đđŻđ, đđŞđŠ đđŽ đŠđđđđ§ đđđđĄđđŠđŽ đŠđ¤ đĄđđŤđđ§đđđ đŠđđđđŁđ¤đĄđ¤đđŽ đđŁđ đ§đđ¨đĽđ¤đŁđ đŠđ¤ đđŤđ¤đĄđŤđđŁđ đđŞđ¨đŠđ¤đ˘đđ§ đŁđđđđ¨? đĄđ Source: Inc42 - đ. đđ§đđ˘đ'đŹ đđđđĽđđĄ đđ˘đđ§đ đđđ đđ§đ đđđŞđŽđ˘đŤđđŹ đđŽđđŽđđĽ đ đŽđ§đ đđŠđŠ đđ đđ¨đ§đđ˛ đđ¨đŤ $đđđ 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. đ đđ¤đ§ đđđ¤đŞđđđŠ: 360 đđŁđ'đ¨ $44đ đđđŚđŞđđ¨đđŠđđ¤đŁ đ¤đ đđ đđ¤đŁđđŽ đđ¨đŁ'đŠ đđŞđ¨đŠ đ đđŞđ¨đđŁđđ¨đ¨ đđđđĄ; đđŠ'đ¨ đ đ¨đđđŁđđĄ đŠđđđŠ đŹđđđĄđŠđ đ˘đđŁđđđđ˘đđŁđŠ đđŁ đđŁđđđ đđ¨ đŁđ¤ đĄđ¤đŁđđđ§ đđŞđ¨đŠ đđđ¤đŞđŠ đđđŠđđ§đđŁđ đŠđ¤ đŠđđ đŞđĄđŠđ§đ-đ§đđđ. đ˝đŽ đđ¤đ˘đđđŁđđŁđ đđŠđ¨ đđđđ-đđŁđ đđđŤđđ¨đ¤đ§đŽ đđđĽđđ§đŠđđ¨đ đŹđđŠđ đđ đđ¤đŁđđŽ'đ¨ đ˘đđ¨đ¨-đ˘đđ§đ đđŠ đ§đđđđ, 360 đđŁđ đđ¨ đđđŠđŠđđŁđ đŠđđđŠ đŠđđ đđŞđŠđŞđ§đ đ¤đ đŹđđđĄđŠđ đđ¨ đđŁ đŠđđ đđđŁđđ¨ đ¤đ đŠđđ đ˘đđŁđŽ, đŁđ¤đŠ đđŞđ¨đŠ đŠđđ đđđŹ. đźđ¨ đđđŁđŠđđđ đđđ¨đ§đŞđĽđŠđ¨ đŠđ§đđđđŠđđ¤đŁđđĄ đŹđđđĄđŠđ đ˘đđŁđđđđ˘đđŁđŠ, đŠđđ đŚđŞđđ¨đŠđđ¤đŁ đđ§đđ¨đđ¨: đŹđđĄđĄ đŠđđ đ¤đĄđ đđŞđđ§đđ¨ đđđđĽđŠ đđŁđ đđđŚđŞđđ§đ, đ¤đ§ đŹđđĄđĄ đŠđđđŽ đđ đĄđđđŠ đđđđđŁđ đđŽ đŁđđ˘đđĄđđ§, đŠđđđ-đ¨đđŤđŤđŽ đĽđĄđđŽđđ§đ¨? đđđ 360 đđŁđ-đđ đđ¤đŁđđŽ đđđđĄ đ˘đđŽ đđŞđ¨đŠ đđ đŠđđ đđđđđŁđŁđđŁđ đ¤đ đ đŁđđŹ đđ§đ đđŁ đđŁđđđđŁ đŹđđđĄđŠđ đ˘đđŁđđđđ˘đđŁđŠ, đŹđđđ§đ đŠđđ đĄđđŁđđ¨ đđđŠđŹđđđŁ đ§đđŠđđđĄ đđŁđ đđĄđđŠđ đđĄđŞđ§, đđŁđ đđŁđŁđ¤đŤđđŠđđ¤đŁ đđđđ¤đ˘đđ¨ đŠđđ đ đđŽ đŠđ¤ đ¨đŞđ§đŤđđŤđđĄ. đ°đą Source: TechCrunch - đđ§đđđŤđ§đđđ˘đ¨đ§đđĽ đđđđĄ đ đ. đđâđŹ đđ˘đŚđ đđ¨ đđđđđŞđŽđ˘đŤđđ đđ¨đŤ âŹđđđ đŚđ˘đĽđĽđ˘đ¨đ§ 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 âŹ500 million. The Acquisition Equation: - Voodoo snaps up BeReal for âŹ500 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 RoffĂŠ - 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? đ đđ¨đŤ đđĄđ¨đŽđ đĄđ: đđđâđŹ đđđđđđĽ â đđĄđ âŹđđđđ đđđŞđŽđ˘đŹđ˘đđ˘đ¨đ§ đđ˛ đđ¨đ¨đđ¨đ¨ đ˘đŹđ§'đ đŁđŽđŹđ đ đđđđĄ đđđđĽ; đ˘đ'đŹ đđđđĽđ đŹđđđ¤đđŹ đđ¨đŤ đđĄđ đđŽđđĄđđ§đđ˘đđ˘đđ˛-đđŤđ˘đŻđđ§ đŹđ¨đđ˘đđĽ đŚđđđ˘đ đ°đđŻđ. đđŽđ đđŹ đđĄđ đđŠđŠ'đŹ đ¨đŤđ˘đ đ˘đ§đđĽ đđ¨đŽđ§đđđŤ đđđŠđđŤđđŹ, đ°đ˘đĽđĽ đđđđđđĽ'đŹ đ§đđ° đđ¨đŤđŠđ¨đŤđđđ đ¨đŻđđŤđĽđ¨đŤđđŹ đŹđđđŤđ˘đđ˘đđ đ˘đđŹ đđŽđđĄđđ§đđ˘đđ˘đđ˛ đ˘đ§ đŠđŽđŤđŹđŽđ˘đ đ¨đ đ đŤđ¨đ°đđĄ? đđŹ đđđđđđĽ đđ§đđđŤđŹ đđĄđ˘đŹ đ§đđ° đđĄđđŠđđđŤ, đ˘đ đđđđđŹ đ đđđĽđđ§đđ˘đ§đ đđđ: đĄđ¨đ° đđ¨ đŹđđđĽđ đ°đ˘đđĄđ¨đŽđ đŹđđđŤđ˘đđ˘đđ˘đ§đ đŹđ¨đŽđĽ. đđ đ˘đ đđđ§ đŚđđ˘đ§đđđ˘đ§ đ˘đđŹ đŽđ§đđ˘đĽđđđŤđđ đŚđđ đ˘đ đ°đĄđ˘đĽđ đđđŠđŠđ˘đ§đ đ˘đ§đđ¨ đđ¨đ¨đđ¨đ¨'đŹ đđąđŠđđŤđđ˘đŹđ, đ˘đ đđ¨đŽđĽđ đŤđđ°đŤđ˘đđ đđĄđ đŤđŽđĽđđŹ đ¨đ đŹđ¨đđ˘đđĽ đŚđđđ˘đ. đđŽđ đ˘đ đ˘đ đĽđ¨đŹđđŹ đŹđ˘đ đĄđ đ¨đ đ°đĄđđ đŚđđđ đ˘đ đŹđŠđđđ˘đđĽ đ˘đ§ đđĄđ đđ˘đŤđŹđ đŠđĽđđđ, đ˘đ đŤđ˘đŹđ¤đŹ đđđđ¨đŚđ˘đ§đ đŁđŽđŹđ đđ§đ¨đđĄđđŤ đđ˘đĽđđđŤđđ đđđđ đ˘đ§ đđĄđ đđŤđ¨đ°đ. đ¸đŹ Source: Tech Crunch - đ. đđ đđŤđ¨đŽđ đĄđ đŽđŹ đđ˘đđŤđ¨đŹđ¨đđ. đđ¨đ°, đĄđ đđŤđ˘đ§đ đŹ đŽđŹ đ§đŽđđĽđđđŤ đđ§đđŤđ đ˛ 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: â˘â â TerraPower breaking ground on first-of-its-kind reactor in Wyoming â˘â â Innovative design: liquid sodium cooling, flexible output, smaller footprint â˘â â Aims to be cheaper, nimbler, and more compatible with renewables than traditional nuclear plants â˘â â 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. đ đđ¤đ§ đđđ¤đŞđđđŠ: đ˝đđĄđĄ đđđŠđđ¨' đđđĄđĄđđ¤đŁ-đđ¤đĄđĄđđ§ đđđŠ đ¤đŁ đđđ§đ§đđđ¤đŹđđ§ đđ¨đŁ'đŠ đđŞđ¨đŠ đđđ¤đŞđŠ đđŞđđĄđđđŁđ đ đđđŠđŠđđ§ đ§đđđđŠđ¤đ§; đđŠ'đ¨ đđđ¤đŞđŠ đ§đđđ§đđŁđđđŁđ đŁđŞđđĄđđđ§ đđŁđđ§đđŽ đđ¤đ§ đŠđđ đŁđđŠ-đŻđđ§đ¤ đđ§đ. đđ đđđŠđđ¨ đđđŁ đĄđđŤđđ§đđđ đđđ¨ đŠđđđ đđĄđ¤đŞđŠ đŠđ¤ đ¤đŤđđ§đđ¤đ˘đ đĽđŞđđĄđđ đ¨đ đđĽđŠđđđđ¨đ˘ đđŁđ đ§đđđŞđĄđđŠđ¤đ§đŽ đđŞđ§đđĄđđ¨, đđđ§đ§đđđ¤đŹđđ§ đđ¤đŞđĄđ đđ đŠđđ đđđ˘đ-đđđđŁđđđ§ đŠđđđŠ đ§đđŹđ§đđŠđđ¨ đŠđđ đđŞđŠđŞđ§đ đ¤đ đđĄđđđŁ đĽđ¤đŹđđ§. đ˝đŞđŠ đŠđđ đŚđŞđđ¨đŠđđ¤đŁ đ§đđ˘đđđŁđ¨: đŹđđĄđĄ đđđŠđđ¨' đđđ˘đđđŠ đĽđđŽ đ¤đđ, đ¤đ§ đŹđđĄđĄ đŁđŞđđĄđđđ§'đ¨ đŠđ§đ¤đŞđđĄđđ đĽđđ¨đŠ đĽđ§đ¤đŤđ đŠđ¤đ¤ đ˘đŞđđ đŠđ¤ đ¤đŤđđ§đđ¤đ˘đ? âď¸đ Source: The Morning Brew - -- Let's discuss âŹď¸
Isaiah Carmden
Stealth
5 months ago