Week in review📊 (Sep 19 - Sep 24)
A quick rundown of the startups that made headlines this week. Funding and acquisitions in Indian startups this week.
Start your day with tech stories that matter!
Daily Mail with a quick wrap of tech highlights and growth strategy that you can read in 2 mins!
Join for free👇🏻
Quick Recap of the Week
➡️ Monday
Ola Electric to open "experience centres" to bolster scooter sales🛵
Adani group overtakes Tatas in market cap. Gautam Adani now world's 2nd richest🤑
TCS struggles to get millennials back to offices👩🏻💻
➡️ Tuesday
Google CEO Sundar Pichai visits Indian Embassy🤝🏻
Paytm tokenises over 52M cards across VISA, Mastercard and RuPay🗃️
Good Glamm in talks to acquire Twinkle Khanna's Tweak India👩🏻
➡️ Wednesday
Tata Group to pump in another Rs 3,462 crore in Tata Digital💰
WinZo opposes self-regulatory structure for online gaming🎮
Fintech industry must work relentlessly on safety to uphold people's trust: PM💸
➡️ Thursday
Pepperfry to file draft IPO papers next quarter for 2023 listing🛋️
MapmyIndia invests in KOGO to create navigation for automotive players🗺️
YouTube offers creators new ways to make money😄
➡️ Friday
Swiggy, Zomato among top 10 global online food delivery firms: Report🏅
SoftBank cuts valuation of IPO-bound Oyo to $2.7 billion🏩
Uber pilots in-car tablets in Delhi and Mumbai to boost ad revenue🚕
Let’s move on to the top funding deals from the week.
Funding Deals
Google-backed DotPe, founded by PayU India cofounder Shailaz Nag, is raising Rs 434.5 crore (or roughly $54.4 million) in funding led by Singapore’s sovereign fund Temasek.
Rephrase.ai, an Artificial intelligence (AI) startup, has raised $10.6 million in funding led by Red Ventures.
Solvy Tech Solutions, which runs insurtech platform Zopper, has raised $75 million from investors led by Creaegis to fund its expansion plan.
Dltledgers (Distributed Ledgers Technology Pte Ltd), a blockchain-based, multi-enterprise supply-chain business network (MESCBN) platform has raised $8.5 million in a funding round led by the family office of the Tata Group and Centrum.
Gifting solutions company Join Ventures has raised $23.5 million (Rs 187 crore) in a funding round led by MO Alternate Investment Advisors, a subsidiary of financial services conglomerate Motilal Oswal Financial Services.
Audio streaming startup Kuku FM has raised $21.8 million in funding led by Nandan Nilekani’s venture fund Fundamentum Partnership.
Math-focused edtech startup Bhanzu has raised $15 million in Series A funding led by Eight Roads Ventures.
Speech technology startup Murf AI has raised $10 million in funding led by Matrix Partners India.
Farm-to-consumer startup Deep Rooted has raised $12.5 million in funding led by IvyCap Ventures, with participation from existing investors, including Accel, Omnivore, and Mayfield.
FS Life, earlier known as FableStreet has raised Rs 50 crore in a funding round led by Fireside Ventures.
Weekend Reads
The Ethereum (ETH) Merge is finally here: What’s next for you? (Read here)
India overtakes UK to become fifth-largest economy (Read here)
The Adani – NDTV Takeover (Read here)
Ethereum ‘merge’ will change crypto forever (Read here)
Check our socials Instagram, Twitter, LinkedIn.
Feel free to drop a message; we have multiple internship openings.
Have a wonderful weekend!🥳
Thanks for reading😊
If you enjoy these emails, please tell a friend about Rise & Shine. It’ll help us reach curious people.