Week in Review 🤖 (Dec 11 - Dec 16)
Unleash the Power of the Week's Best Bits! From Big Bucks to Bold Innovations, Dive into the Review! 🚀🔍
Dear Rise & Shine Community,
Welcome to the Saturday edition of Rise & Shine—a recap of a week filled with optimism, opportunities, and mindful living. 🚀
Today's newsletter is a special edition where we revisit the highlights, including the top news and funding deals of the week.
Quick Recap of the Week
PhonePe among top fintech companies with $1.3 trillion total payment value: Walmart📈
Gorilla glass manufacturer Corning to set up factory in Tamil Nadu🛡️
Tata Power ties up with Indian Oil to set up 500 EV charging points across India⚡
PM Modi calls for global framework for ethical use of AI at GPAI Summit🌐
Swiggy disbursed Rs 102 crore in loans to delivery partners💰
Myntra records 7.5 crore new app users this year, beauty category registers 3X growth🥻
Ola, Sarvam AI announce their large language models🤖
Hero MotoCorp raises stake in Ather, buys shares worth Rs 140 crore🛵
Footpath Ventures in talks to pick up stake in Rajasthan Royals🏏
Let’s move on to the top funding deals from the week.
Funding Deals
Business-to-business (B2B) e-commerce startup Udaan has raised $340 million in a funding round led by UK savings and investment firm M&G Prudential.
Bicara Therapeutics, a Biocon associate company, has raised a $165 million round of funding co-led by Braidwell LP and TPG, with new investors including Deerfield Management, Fairmount, and Aisling Capital.
Vegrow, a business-to-business agritech platform has raised $46 Mn in a Series C round of funding led by Singapore sovereign wealth fund GIC.
Microlending platform Aye Finance has raised Rs 310 crore (approximately $37 million) in its Series F funding round led by British International Investment with the participation of Waterfield Fund and existing backer A91 Partners.
Biopharmaceutical company PlasmaGen Biosciences has raised Rs 225 crore (roughly $27 million) in equity funding from UK-based investment management firm Artian Investments, Ashish Rameshchandra Kacholia and other high-net-worth individuals.
Exponent Energy, an electric vehicle-focused rapid charging startup, has raised $26.4 million in a Series B round led by Eight Roads Ventures, including a strategic investment from TDK Ventures.
Hero MotoCorp, the largest investor in Ather Energy, has increased its stake in the electric scooter maker by purchasing additional shares worth Rs 140 crore, it said in a regulatory filing.
D2C menswear fashion brand Snitch has scooped up Rs 110 crore (approximately $13 million) in a Series A funding round co-led by SWC Global and IvyCap Ventures.
Agilitas Sports has raised Rs 100 crore (approximately $12 million) from Nexus Venture Partners.
Nat Habit, a direct-to-commerce beauty and wellness brand, has raised $10.2 million in a series B funding round led by Bertelsmann India Investments.
Thank you for being a cherished part of the Rise & Shine community. Let's continue this journey together, embracing positivity and mindfulness every step of the way.
Wishing you a weekend filled with joy and reflection!
