Week in Review 🎊(Dec 30 - Jan 04)
Catch up on the week's biggest tech advances and funding milestones – your ultimate guide to what’s new and noteworthy!
Hey, Rise & Shine family!
Get set to dive into this week’s tech marvels and funding triumphs.
Let’s explore the latest breakthroughs and celebrate our shared passion for innovation and progress!
Let's dive into the tech marvels that dominated the headlines:
Quick Recap of the Week
DPIIT inks MoU with boAt to mentor startups
Ola Electric stock plummets 5% as CTO, CMO resign citing personal reasons
Bajaj and TVS surpass Ola Electric to lead December two-wheeler EV sales
UPI transactions surge 8% in December
Reliance spends $13 Bn on acquisitions in five years
Blinkit launches 10-min ambulance service starting from Gurugram
Vi reportedly gears up for 5G rollout, plans 15% cheaper than Jio and Airtel
Digilocker outage stalls user onboarding at fintech firms
Let’s move on to the top funding deals from the week.
Funding Deals
Electric vehicle (EV) financier Mufin Green has secured a 10-year loan of $18 million from the United States International Development Finance Corporation (DFC).
CargoFL, a B2B technology ecosystem for logistics, has raised Rs 6.75 crore in its seed round, led by YourNest Venture Capital.
Guest management platform Guestara has secured $500K in a pre-seed funding round led by Sanjay Ghare.
NumberOne Academy, an enablement platform focused on empowering SME entrepreneurs, has raised an investment of Rs 3 crore in a pre-seed funding round led by T.I.G.E.R Santosh Nair.
Suniel Shetty-backed Klassroom Edutech, an education-focused OTT platform, has secured undisclosed growth capital in its latest funding round. The round was led by ah! Ventures, with additional participation from LetsVenture, Hem Securities, Meteor Ventures, and Growth Sense Fund.
As we wrap up this edition, let's reaffirm our commitment to positivity, resilience, and seizing every opportunity.
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! 💡
