Week in Review🥈 (Aug 5 - Aug 10)
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 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
ONDC monthly orders hit a record 12 million in July
Neuralink implanted second trial patient with brain chip, Elon Musk says
Flipkart’s 10 min delivery service Minutes goes live in Bengaluru
FirstCry raises Rs 1,886 crore from anchor investors
Ola Electric IPO subscribed over four times on the third day
Unicommerce IPO sees 5.6X oversubscription from retail buyers
PhonePe eyes South East Asia, Middle East for its global foray
Saudi Aramco announces $31.1 billion dividend for Q2
Ola Electric stock jumps 16% after listing, makes robust stock market debut
Rapido goes past $1 billion GMV mark
After a slow start, FirstCry IPO fully subscribed on last day of bidding
Let’s move on to the top funding deals from the week.
Funding Deals
Healthtech platform Visit Health has closed a fundraise of approximately Rs 250 crore that includes a combination of primary capital infusion and the secondary purchase of shares from Docprime Technologies, a wholly-owned subsidiary of PB Fintech.
Mohalla Tech, the parent entity of the vernacular social media platform ShareChat and short video entertainment app Moj, has expanded its debt round to $65 million with a $16 million infusion from Singapore-based EDBI.
Agrizy, a B2B agri-processing platform, has raised $9.8 million (Rs 82 crore) in its Series A round of funding co-led by Accion and Omnivore, with participation from new investors Capria Ventures, Thai Wah Ventures, while existing investor Ankur Capital has doubled down. Â
Scimplify, a platform for sourcing and manufacturing specialty chemicals, has raised $9.5 million in its Series A round led by Omnivore, alongside Bertelsmann India Investments and existing investors 3one4 Capital and Beenext.
Dairy and daily essential brand Country Delight has raised Rs 70 crore ($8.45 million) in debt from Alteria Capital.
Kindlife.in, a platform for beauty, wellness, and health, has raised $8 million in its Series A round led by JB-Dooeun TK Fund and MIXI Global Investments, with participation from Kalaari Capital and some angel investors.
Blitzscale Technology, the parent of company WMall and ShopDeck, has raised Rs 65.2 crore (approximately $7.85 million) in a new round. Bessemer Venture has led the round with Rs 35.24 crore while Chiratae Ventures and Elevation Capital pumped in Rs 9 crore and Rs 11 crore, respectively.
Engineering and technology services company BlueBinaries has raised Rs 60 crore ($7.2 million) in a mix of debt and equity round led by Anicut Capital.
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! 💡
