Week in review👑 (Feb 13 - Feb 18)
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.
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"Goals are the fuel in the furnace of achievement."
- Brian Tracy
This quote emphasizes the importance of goals in achieving success. The metaphor of a furnace suggests that goals provide the energy needed to drive progress and overcome obstacles. Without goals, there is no clear direction or motivation to work towards something, and progress can easily stagnate. However, when we have clear and specific goals, we are better able to focus our efforts and stay on track toward achieving what we desire. In this sense, goals are a crucial factor in driving achievement and success.
Quick Recap of the Week
Blinkit to expand dark store count by around 40% over next 12 months🏪
Zomato exits 225 cities due to “not very encouraging” performance🍔
Drone maker ideaForge files for IPO📊
Nykaa Q3 Earnings: Profit declines 68% to Rs 9 crore💄
Rajasthan announces Rs 200-crore fund for gig workers💰
Apply for valid licences by March 6 in Maharashtra, SC asks Uber India🚕
Reliance enters beauty ecommerce, to compete with Nykaa, Tata Cliq Palette💅🏻
PhonePe raises $100 million funding at $12 billion valuation💸
JioMart shuts quick delivery service Express within a year🛵
RBI okays licences for 32 payment aggregators including Amazon, Google, Reliance📄
Paytm Payments Bank goes live with UPI Lite📱
Will find Twitter CEO by 2023 end, says Elon Musk👨🏻💻
Spend four hours with Bard: Pichai to Google staff👨🏻💻
B2B startups cornered $8.5B over past eight years: Matrix report💰
2,767 complaints against influencers processed: ASCI🤳🏻
Let’s move on to the top funding deals from the week.
Insurtech company InsuranceDekho has raised $150 million in Series A funding, consisting of a mix of equity and debt, led by Goldman Sachs Asset Management and TVS Capital Funds.
Drone manufacturer Garuda Aerospace has raised $22 million (Rs 181 crore) in a Series A funding round led by early-stage investor SphitiCap.
Rezolve.ai, an AI-powered employee service SaaS Platform, has closed an $11 million Series A round led by SIG Venture Capital.
Bengaluru-based industrial services platform Venwiz has raised $8.3 million in a Series A round led by Sorin Investments, with participation from previous investors Accel and Nexus Venture Partners.
Mufin Green Finance, an electric vehicle (EV) financing NBFC, raised $7 million in green bonds from Symbiotics Investments.
Fintech startup Stable Money has raised $4.5 million in its Series A round led by Lightspeed and Matrix Partners.
Prozo, a full-stack supply chain startup, has raised Rs 45 crore in Pre-Series B via a combination of equity and debt financing, led by Sixth Sense Ventures.
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