Week in Review π (Dec 18 - Dec 24)
Unleash the Power of the Week's Best Bits! From Big Bucks to Bold Innovations, Dive into the Review! ππ
Dear Rise & Shine Community,
Welcome to the Saturday edition of Rise & Shineβa recap of a week filled with optimism, opportunities, and mindful living. π
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
Unicorn Slice eyes $100 million to fuel its banking dreams
Laptop company Primebook grabs 3% market share in first year
Noise onboards global audio firm Bose as strategic investor
Accenture opens GenAI studio in Bengaluru
Razorpay, Cashfree secure RBI approval for payment aggregator business
FirstCry set to file for IPO, eyes $500-600 million raise
The Telecommunications Bill, 2023 passed by Lok Sabha
Shadowfax introduces 30-min delivery service Flash
Walmart pumps $600 million as Flipkart looks to raise $1 billion in funding
UPI AutoPay top of charts in low-ticket recurring payments
Letβs move on to the top funding deals from the week.
Funding Deals
GreyOrange, an automated robotic fulfillment and inventory optimization software, has raised $135 million in the first close of its Series D funding round led by Anthelion Capital. Existing investors such as Mithril, 3State Ventures, and Blume Ventures also participated in the round.
VideoVerse, a video-editing SaaS platform formerly known as Toch.ai, has scooped up $45 million in a new round from Bluestone Equity Partners, a global private equity firm focused on the sports, media and entertainment industry.
BluSmart Mobility, an EV ride-hailing service and EV charging superhub infrastructure operator, has raised $24 million in a new equity round.
Healthy snacking brand Farmley has raised $6.7 Mn in a pre-Series B round led by BC Jindal Group with participation from existing investors DSG Consumer Partners, Omnivore and Alkemi Partners.
Lithium battery recycling startup BatX Energies has raised $5 million in pre-Series A round led by Zephyr Peacock in participation with Lets Venture, and existing backers JITO Angel Network and Family offices of Mankind Pharma, Excel Industries, and BluSmart among others.Β
Artificial intelligence-driven customer support platform Kapture CX has picked up $4 million in an extended Series A round (A1) led by India Alternatives which is a private equity fund.
Insurance distribution startup Finhaat has raised $3 million in its first institutional fundraise led by agri-focused venture fund Omnivore along with participation from early-stage venture fund Kettleborough VC.
Healthtech startup Monitra Health has raised $1.5 million in a pre-Series A round led by Equanimity Ventures and Kotak Alternate Asset Managers.Β
Electric vehicle finance and asset management platform Finayo has secured Rs 16 crore in funding co-led by NBFCs F Mec, CFPI and other angel investors.
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!