Week in review📉 (Jan 23 - Jan 28)
Week in review📉 (Jan 23 - Jan 28)
A quick look at the week's top stories. Stay informed and stay ahead of the game by keeping up with the latest developments in the Indian startup world.
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"I can accept failure, everyone fails at something. But I can't accept not trying."
- Michael Jordan
The quote by Michael Jordan expresses the idea that failure is a natural part of life and something that everyone experiences at some point. However, what is not acceptable to him is not giving something your best effort or not trying at all. This implies that even though he may not have been successful in some areas, he did not let that stop him from continuing to strive for success and putting in the effort to achieve his goals.
Quick Recap of the Week
➡️ Monday
Hero Electric looks to raise nearly Rs 2,000 crore to drive expansion🛵
Amazon, Samara Capital pump Rs 300 crore into More Retail🛒
Musk announces more expensive subscription for ad-free Twitter🤑
➡️ Tuesday
Amazon Air launched in India, promises faster deliveries✈️
Zomato is winding up its 10-minute food delivery business🍔
Apple exports iPhones worth $1 billion from India in December📱
➡️ Wednesday
Seven countries to sign up for India Stack's digital public goods📁
Zomato Gold returns with discounts on delivery and dining out🥞
Google layoffs averted ‘much worse’ issues, says Sundar Pichai👩🏻💻
➡️ Thursday
BCCI nets ₹4,670 cr from auction of five Women’s IPL teams🏏
PhonePe investors paid ₹8,000 crores in taxes to make India its home⚖️
Accel, Tiger Global in talks to exit Flipkart🛒
Let’s move on to the top funding deals from the week.
Funding Deals
Advanced technology battery startup Log9 Material has raised $40 million in Series B funding led by Amara Raja Batteries and Petronas Ventures.
Doorstep fuel delivery startup FuelBuddy has raised $20 million from Naveen Jindal Group, Ravi Jaipuria Group and Nilesh Ved of UAE-based Apparel Group.
Deeptech AI startup Myelin Foundry has raised $3 million in its Series A led by Visteon Corporation.
Rigi has raised Rs 100 crore ($12.3 million) in a funding round led by Elevation Capital. Accel India, Stellaris Venture Partners and Sequoia Capital have also participated.
Ecozen, a maker of solar-powered cold-storage rooms among other products has closed a Series C funding round of $25 million led by Nuveen and Dare Ventures in equity and debt.
Proptech startup Landeed has raised $8.3 million in a round led by Draper Associates, Y Combinator and Bayhouse Capital.
DNA-based self-discovery and career life cycle management platform GENLEAP has secured Rs 27 crores ($3.3 million) Pre Series A round co-led by Mike Holland, Sanjay Dutt, Neeraj Bansal, Karthikeyan Balasubramaniam, Deepak Kaul, and Manish Dhawan.
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