Week in Review 🎡 (Feb 12 - Feb 17)
Dive into a whirlwind of innovation! This Week in Review unfolds a symphony of tech marvels and funding triumphs – your front-row seat to the future of possibilities.
Hey Rise & Shiners! 🌟
From groundbreaking tech updates that promise to reshape our digital landscape to the dynamic pulse of funding deals, this edition is your passport to the cutting edge.
Let's dive into the tech marvels that dominated the headlines:
Quick Recap of the Week
Amazon infuses Rs 830 crore in its India marketplace entity
AI will not only solve challenges for India but also for the world: Satya Nadella
Reliance Consumer to acquire Paan Pasand's parent firm Ravalgaon Sugar Farm in ₹27 crore deal
RIL share price hits record high; mcap tops ₹20 lakh crore for first time
Rapido launches SaaS model for auto services
Wipro acquires US insurtech firm Aggne Global for $66 million
Paytm share price drops 5% to hit 52-week low as it confirms receiving ED notice
AI optimism drives Nvidia stock past Amazon, market cap poised to overtake Alphabet soon too
Google's Gemini chatbot app goes global: Now available in 150+ countries
Paytm not in list of 32 banks authorised to issue new Fastags
Jeff Bezos sells $2 Billion worth of Amazon shares in latest stock dump
Bitcoin price rises above $52,000, regains $1 trillion market capitalization
Let’s move on to the top funding deals from the week.
Funding Deals
Online seafood firm Captain Fresh raised $25 million in a funding round led by UK government-backed British International Investment (BII) and Andhra Pradesh-based Nekkanti Seafoods Group.
Producer of clean energy transition materials through battery recycling and repurposing, Lohum Cleantech has raised $23 million in its Series B1 round led by Baring Private Equity Partners.
Student accommodation platform Amber has raised $21 million in its first round of institutional funding, led by Mumbai-based private equity firm Gaja Capital.
Spiritual tech startup AstroTalk has raised $20 million in a Series A round from Left Lane Capital, a New York-based venture capital firm.
Metalbook, a platform for the global metals supply chain, has raised $15 million in its Series A funding round led by Rigel Capital.
Full-stack pet care startup Supertails has raised Rs 125 crore (approximately $15 million) in a Series B funding round led by RPSG Capital Ventures and existing investors Fireside Ventures, Saama Capital, DSG Consumer Partners and Sauce VC.
Mobility fintech firm Moove has raised $10 million in debt round from Stride Ventures.
Risk-focused compliance automation platform Scrut Automation has raised Rs 75 crore or $9 million in its series A round from existing investors. The round also saw the participation of Lightspeed Partners, MassMutual Ventures, and Endiya Partners.
MSMEs-focused fintech lender FlexiLoans has raised Rs 60 crore via non-convertible debt from Vivriti Asset Management.
Agrifood fintech platform Ayekart has raised $6.5 million or about Rs 53 crore in its Series A round led by Omnivore, Siana Capital, and Unleash Capital.
Electric vehicle manufacturing startup Tork Motors has raised Rs 50 crore or $6 million from Maxis Capital.
Veera, a rewards-focused internet browser, has raised $6 million in its seed- round led by Ayon Capital.
As we close this edition, let's remind ourselves to stay positive, be resilient, and eagerly embrace the opportunities that lie ahead.
The tech world is a canvas of endless possibilities – let's paint it with optimism and innovation.
Here's to Rising & Shining Together!💡