Week in Review🌻 (Apr 24 - Apr 29)
Week in Review🌻 (Apr 24 - Apr 29)
Top headlines and funding deals in the startup ecosystem. From the latest trends to the biggest investments, we’ve got you covered.
Hello Everyone👋🏻
Welcome to our Week in Review!
From the latest trends to the biggest investments, we’ve got you covered.
So sit back, relax, and catch up on all the news you need to know to stay ahead of the game.🛋️
Today, we are covering:
Quick Recap of the week
Funding Deals
R&S Recommends
Quick Recap of the Week
Oyo to open 50 properties in Ayodhya, places big bets on religious cities🏨
LVMH becomes the first European firm to cross the market cap of $500 billion👜
Mankind Pharma raises ₹1,298 cr from anchor investors ahead of IPO📊
India’s digital consumption to grow to $340 Bn by 2030 with ONDC💸
RBI grants NBFC licence to neobank Jupiter🏦
Microsoft Q3 results: Profit rises 9% to $52.9 billion, shares jump 8.58%📈
India among countries requesting maximum content removal: Twitter🙅🏻♀️
Viacom18 secures HBO deal in India for ₹1,000 Cr📺
Airtel 5G launched in 3,000 towns and cities🗼
Razorpay announces integration with government-backed ONDC💱
Let’s move on to the top funding deals from the week.
Funding Deals
Lokal, a hyperlocal content, community, and classified platform, has raised Rs 120 crore in a Series B funding round from new investors Global Brain and Sony Innovation Fund, with participation from India Quotient and other existing investors.
Consumer-lending platform Niro has raised Rs 90 crore ($11 million) in its Series A round through a mix of equity ($8.5 million) and debt $2.5 million).
EcoSoul Home Inc. has raised $10 million in Series A round led by Accel Partners and Singh Capital Partners.
Study-abroad platform ASL (Adventum Student Living) has raised $5 million led by new investor Cornerstone Ventures (CSVP Fund).
Managed Office Space provider DevX has raised $3 million from marquee investors like Urmin Family Office, Bidiwala Family Office, Navneet Publications, and Venus Infrastructure, and Structural Consulting firm Ducon.
Space tech startup InspeCity has secured $1.5 million in a pre-seed funding round co-led by Speciale Invest, Antler India and Veda VC.
Stack Identity, an automation identity and access management (IAM) governance company, has raised a $4 million seed funding round co-led by US-based WestWave Capital and Benhamou Global Ventures.
I have compiled a Table with all the Funding deals with the amount and Investor information.💰📈
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Thanks for reading till the end!