Week in Review🍋 (Apr 01 - Apr 06)
Week in Review🍋 (Apr 01 - Apr 06)
Ready to explore the latest in tech? This Week in Review brings you a whirlwind of innovation and funding successes – your front-row seat to what's next! 🎉
Hey there, Rise & Shine fam!
Get ready for a journey through the latest tech wonders and funding victories.
Join us on this journey as we explore groundbreaking updates and celebrate our shared passion for growth and innovation.
Let's dive into the tech marvels that dominated the headlines:
Quick Recap of the Week
Infosys to receive tax refund of Rs 6,300 crore
Apple's Indian ecosystem emerges as top job creator, employing over 1.5 lakh directly
Meta likely to establish first data centre in India at Reliance's Chennai campus
Zomato pilots new service for last-mile deliveries across corporate parks
CoinSwitch parent forays into equity trading with Lemonn
PhonePe, Paytm eye sound box advertising; FMCG firms sign up for pilots
Nazara eyes ₹1,000 crore game studio revenue with ₹830 crore acquisition plan
Good Glamm strikes JV with Serena Williams for launch of beauty brand in US
Amazon India’s largest seller Appario sold to Clicktech
Sports-focussed Centre Court Capital launches maiden Rs 350-crore fund
Quick-commerce platform Blinkit to sell PlayStation 5
RBI allows UPI payments at CDMs for cash deposits, says Governor
Let’s move on to the top funding deals from the week.
Funding Deals
Ola Electric has raised Rs 410 crore (around $50 million) from debt financing platform EvolutionX Debt Capital.
Legal technology company Luminance, which sells software to automate the contracts process for legal teams, has raised $40 million in a new funding round led by Santa Monica-based venture firm March Capital.
SingleInterface, a marketing software startup, has raised $30 million in its first external funding round led by Singapore-headquartered growth equity investment firm Asia Partners.
Non-banking finance company Namdev Finvest Private Ltd (Namdev) has raised $20 million in an equity round in its pre-series-C funding. The investment round was led by Maj Invest Financial Inclusion Fund III K/S who has put in $16 million, with participation from Promoters Group & Employees who have put in about $3 million.
Governance, risk and compliance (GRC) platform Scrut Automation has raised $10 million in growth capital from existing investors Lightspeed Venture Partners, MassMutual Ventures and Endiya Partners.
Nivara Home Finance has raised $10 million from Baring Private Equity India in a primary funding round.
Digital lending platform KreditBee has raised $9.4 million or Rs 78.33 crore from existing investors: Premji Invest, Motilal Oswal Private Equity, and Mirae Asset among others in an extended Series D round.
Direct-to-consumer (D2C) health and wellness brand Traya has raised Rs 75 crore from Xponentia Capital.
Cleantech startup Bambrew has raised Rs 60 crore (approximately $7 million) in a mix of debt and equity series A round led by Blume Ventures.
BeepKart, a full stack retailer of used two-wheelers, has extended its Series A round by securing Rs 54 crore (approximately $6.5 million) from its existing investors including Chiratae Ventures, Stellaris Venture Partners, and Vertex Ventures.
SiftHub, an artificial intelligence-enabled platform for enterprise sales teams, has raised $5.5 million in a seed round of funding led by Matrix Partners India and Blume Ventures.
Deeptech startup Planys Technologies has raised $4 million in its ongoing pre-Series A round. Himalaya Finance, Golden Birch Investments, Krishna Defence, Impact India Investments, SiriusOne Capital, and several individuals including Ashish Ramesh Kacholia, Shalini Chhabra, and Puneet Gupta participated during the new investment tranche.
Payment gateway and point of sales (PoS) provider Innoviti Technologies has raised Rs 40 crore in Series E round led by Bessemer Venture Partners and Patni Family Office.
Digital banking infrastructure company M2P Fintech has raised Rs 35 crore debt from Anicut Capital.
Full-stack metal supply-chain platform Metalbook has raised Rs 25 crore or (approximately $3 million) from Northern Arc.
D2C grooming and personal care startup Bombay Shaving Company has raised Rs 24 Cr ($3 Mn) in debt funding from venture debt fund Alteria Capital.
All 30 deals with details ⬇️
As we wrap up this edition, let's reaffirm our commitment to positivity, resilience, and seizing every opportunity that comes our way.
In the vast canvas of the tech world, let's pick up our brushes and paint a masterpiece of optimism and innovation together.
Here's to Rising & Shining Together! 💡
