Week in Review 🥤(Apr 22 - Apr 27)
Week in Review 🥤(Apr 22 - Apr 27)
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
D Gukesh makes history as youngest to win Candidates
Zomato hikes platform fee for users to Rs 5; pauses intercity deliveries
Ather eyes new funding round, Nikhil Kamath buys big part of Sachin Bansal’s stake
WeWork Inc to sell 27% stake held in India unit via secondary deal
BharatPe launches all-in-one payment device BharatPe One
Razorpay forays into building UPI infrastructure, unveils ‘UPI Switch’
Office-sharing startup Awfis gets Sebi nod for IPO
Flipkart’s Blockchain-based FireDrops seeks more use cases
Ambani's JioCinema cuts premium price to nearly ₹1/day intensifies competition
Joe Biden signs bill to ban TikTok in US unless it is sold
Cred launches offline QR code-based ‘scan and pay’ payments
Swiggy secures shareholder nod for a potential $1.25-billion IPO
Let’s move on to the top funding deals from the week.
Funding Deals
Climate-focused deeptech startup Ecozen has raised $30 million in a mix of debt and equity from Nuveen Global Fund and other existing equity investors, and new debt support from InCred Credit Fund and International Development Finance Corporation (IDFC).
Premium fashion and lifestyle platform Lyskraft, founded by former Zomato executive Mohit Gupta and Myntra founder Mukesh Bansal last year, has raised $26 million in one of the biggest seed funding rounds for a local startup in recent years. The fundraise was led by Peak XV Partners, while other investors such as Prosus, Belgian investment fund Sofina, and partners of DST Global have also pumped in capital.
LetsTransport, a trucking aggregator for enterprises, has raised $22 million in its Series E funding round led by Bertelsmann India Investments. Rebright Partners, NB Ventures, ALES Global, Stride Ventures, CAC Capital, and others also participated in the round.
Space tech startup Dhruva Space has raised $15 million (Rs 123 crore approximately) in its Series A round from Indian Angel Network Alpha Fund and Blue Ashva Capital, as well as Silverneedle Ventures, BIG Global Investment JSC (BITEXCO Group) IvyCap Ventures, Mumbai Angels, and Blume Founders Fund.
Real estate decarbonization platform Accacia has secured $6.5 million in a pre-Series A funding round spearheaded by Illuminate Financial.
Tamil Nadu-based agri-finance company Samunnati has raised $5 million in debt funding from Enabling Qapital, a global impact investment firm.
Plane, an open-source project management platform, has secured $4 million in a Seed round funding from OSS Capital.
Healthcare and insurtech firm Flashaid has raised $2.5 million in its pre-Series A funding round led by Piper Serica Angel Fund and global venture capital firm SOSV. Early-stage investors —Z21 Ventures Fund and ZNL Growth Fund also participated in this round.
MatchLog Solutions, a sustainable container logistics and supply chain optimisation, has raised $1.5 million in its pre-series A round led by Motion Ventures and July Ventures, with participation from Venture Catalysts, Blue Ashva Capital, and Capital A.
Boba Bhai, a quick-service restaurant (QSR) brand specialising in bubble tea and other food items, has raised Rs 12.5 crore in seed funding from investors led by the Snapdeal founders' venture fund, Titan Capital and Global Growth Capital UK.
Enterprise tech startup Clueso has raised $1.4 Mn (about Rs 11.6 Cr) in its seed funding round, led by f7 ventures. The round also saw participation from existing backer Y Combinator.
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! 💡
