Week in Review 🎠 (Apr 29 - May 4)
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
Blinkit more valuable than Zomato’s food delivery biz: Goldman Sachs
Chingari marks its entry into web3 gaming space with its Game Zone
BellaVita founder launches new venture studio Wolfpack Labs
Licious turning omnichannel with five stores in Bengaluru by June
Groww gets RBI's final nod to operate as payments aggregator
FirstCry refiles IPO papers, reports December revenue at Rs 4,841 crore
Amazon triples quarterly profit as cloud biz surges
PB Fintech Gets Board Approval To Acquire Stake In UAE-Based Insurance Broker
Google adds Azure & AWS support and enhances Cloud security with AI integration
Tata Comms raises $250 mn sustainability-linked loan
Let’s move on to the top funding deals from the week.
Funding Deals
API Holdings, the parent company of online drug dispenser PharmEasy, has raised Rs 1,804 crore ($216 million) led by Ranjan Pai’s Manipal Education and Medical Group (MEMG) and existing investors.
AI-SaaS company AiDash, which is working on climate-resilient and sustainable infrastructure, has announced the closing of its Series C funding round at $58.5 million. The round was led by global private equity platform Lightrock.
Home healthcare solution provider Portea Medical has raised around $20 million via rights issue. The capital raise comes amid its efforts to launch an initial public offering (IPO).
Electric vehicle (EV) charging network Charge Zone has received a $19 million commitment from British International Investment (BII), the UK’s development finance institution (DFI) and impact investor.
BankBazaar, an online marketplace for financial products, has raised Rs 80 crore ($9.6 million) in its ongoing Series D round via private placement.
Agritech robotics firm Niqo Robotics (formerly TartanSense) has raised Rs 74.7 crore or $9 million in a new round led by Brida Innovation Ventures.
Cross-border payments platform BRISKPE has raised $5 million in its seed round from PayU, the payments and fintech business of Prosus.
Bengaluru-based packaged foods startup Go Desi has raised Rs 41 crore (about $4.9 million) in equity investment from Aavishkaar Capital.
B2C credit management platform CheQ has raised Rs 35 crore or $4.2 million in its extended seed round from new and existing investors. 3one4 Capital invested Rs 12.49 crore while Venture Highway Fund and Multiply Ventures pumped in Rs 6.24 crore and Rs 2.08 crore, respectively.
Assert AI, a computer vision SAAS company, has raised Rs 30 crore ($4 million) in a funding round led by prominent investors including Ramesh Hariharan (ex-CTO and co-founder of LatentView), Prashant Purker (former MD & CEO of ICICI Venture), Arya.ag (integrated grain commerce platform), and select individuals.
Fixed-income investment startup Dexif has raised $4 million in its first institutional funding round from early-stage venture fund RTP Global.
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! 💡
