Week in review🤖 (Feb 06 - Feb 11)
A quick look at the week's top stories. Stay informed and stay ahead of the game by keeping up with the latest developments in the Indian startup world.
"Don't compare your progress with that of others. We all need our own time to travel our own distance."
This quote is a reminder to not compare your own progress and accomplishments to that of others. Everyone has their own unique journey and timeline when it comes to achieving their goals and reaching their desired destination. Everyone learns and grows at their own pace and in their own way, so it's important to focus on your own individual progress and not compare yourself to others. Take the time to recognize and appreciate your own efforts and accomplishments, no matter how small they may seem.
Quick Recap of the Week
➡️ Monday
UPI Lite on Paytm, PhonePe soon for smaller epayments📱
Tim Cook says Apple grew “very strong double digits” in India📈
Google planning to launch its own AI Chatbot to rival ChatGPT🤖
➡️ Tuesday
Government ban impacts non-Chinese lending apps LazyPay, Kissht🚫
Paytm says operating level profitability ‘sustainable’📈
What is Bard? Google CEO Sundar Pichai explains the newly introduced AI chatbot🤖
➡️ Wednesday
PhonePe users can make UPI payments in countries outside of India🌐
Paytm shares hit 20% upper circuit on first-ever quarterly profit📈
Vedanta will play lead in Foxconn JV with 63% stake🏭
➡️ Thursday
Google loses over $100 Bn m-cap after AI chatbot Bard gives wrong answer in ad📉
Interim relief for Flipkart on Rs 1,100-crore tax demand🧑🏻⚖️
Aarogya Setu contact tracing disabled, user data deleted: Govt🩺
➡️ Friday
India may invite more companies to set up semiconductor units🏭
Zomato’s net loss widens to Rs 347 Cr in Q3📉
Ola Electric delays delivery of its cheapest scooter S1 Air to July🛵
Let’s move on to the top funding deals from the week.
Funding Deals
Ushur, a Santa Clara, CA-based company providing an AI-powered Customer Experience Automation (CXA), raised $50M in Series C funding led by Third Point Ventures.
Emotional artificial intelligence (AI) startup Entropik has secured $25 Mn in a Series B funding round led by Bessemer Venture Partners and SIG Venture Capital.
Electric vehicle and clean energy startup Simple Energy has raised over $20 million in the ongoing bridge round.
Automated ethical hacking platform FireCompass has raised $7 million in a new round led by Silicon Valley-based Cervin and Athera Venture Partners.
Zypp Electric has raised $25 million in a funding round led by Taiwanese EV maker and battery-swapping company Gogoro.
Social learning platform Bluelearn has raised $3.5 million in its seed round led by Elevation Capital and Lightspeed.
Turno, a platform for commercial electric vehicle (EV) distribution and financing, has raised $13.8 million in its Series A round co-led by global venture capital firms B Capital and Quona Capital.
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