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Week in review🎪 (Jan 30 - Feb 04)
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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"Never give up on a dream just because of the time it will take to accomplish it. The time will pass anyway."
The quote is a reminder that life is fleeting, and time passes regardless of whether or not we achieve our goals. It encourages us not to abandon our dreams simply because it may take a long time to make them a reality, as we will never get back the time we lose. Instead, we should be persistent and work towards our dreams, no matter how long it takes, because time will pass anyway.
Quick Recap of the Week
Zoho India unit profit rises 43%📈
Razorpay’s forex service to help founders transfer funding to India💱
Chinese search giant Baidu to launch ChatGPT-style bot🤖
Byju’s tests at-home one-on-one tuitions for K12🧑🏻🏫
Tech Mahindra's net profit falls 5% YoY to Rs 1,297 crore but beats estimates📉
Fintechs ask RBI for clear First Loss Default Guarantee framework📜
FM Nirmala Sitharaman to present the last full budget today🧧
Economic Survey calls for simpler tax rules to bring startups back💫
Spotify's user growth beats estimates, expects 500M listeners next quarter🎧
Budget 2023 Special💰
Concessions to startups
National Data Governance Policy
DigiLocker set to be digital health document repository🔒
Youtuber CarryMinati buys minority stake in esports firm Big Bang Esports🎮
ChatGPT sets record for fastest-growing user base📈
Let’s move on to the top funding deals from the week.
Biotech company Enzene Biosciences has raised $50 million (or roughly Rs 408 crore) in fresh equity funding from Eight Roads Ventures and healthcare investor F-Prime Capital.
Gurgaon-based CapGrid, a B2B cloud manufacturing startup for precision parts and components, has raised $7 million (about Rs 57 crore) in a Series A round led by Nexus Venture Partners.
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