Bollywood stars betting big on startups🤩
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Tech Updates
Bollywood stars Alia Bhatt, Katrina Kaif among celebrity investors betting big on startups
Infosys PAT rises 11% but misses estimates; sales outlook halved
Utkarsh Small Finance Bank share price opens at 60% premium
Swiggy builds generative AI offering personalised recommendations
Netflix cracks down on password sharing in India, adds 6 million subscribers
Foxconn unit looks to build facility in Tamil Nadu by next year
Kim Kardashian's Skims is now worth $4 billion
Elon Musk’s wealth slumps $20.3 billion as Tesla shares tumble; narrows gap between world’s two richest people
Funding Deals
Cybersecurity startup PingSafe has raised $3.3 million in a seed round led by Sequoia Capital India and Southeast Asia’s (now known as Peak XV Partners) Surge, with participation from angel investors, including Rahul Chari, Neeraj Arora, Saurya Prakash, Vivek Ramachandran, Gaurav Agarwal and Tanglin Ventures.
Gushwork.ai, which provides a platform for small and medium businesses to get on-demand access to cross-border, has raised $2.1 million in pre-seed funding led by Lightspeed with participation from B Capital, Sparrow Capital, Seaborne Capital and Beenext.
Hyperlocal grocery store and managed services company Dusminute has raised Rs 11.5 crore in a bridge round led by Inflection Point Ventures with participation from banker Bandana Kankani.
Premium men’s fashion brand Louis Stitch has secured Rs 5 crore in pre-Series A funding round from Space World Group.
Outbound calling solution provider Vodex has secured $320K in a pre-seed round led by 100X.VC.
Tweet of the day🐥
“Loyalty is rare, so if you find it, keep it.”
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