Week in review🌍 (Feb 20 - Feb 25)
Week in review🌍 (Feb 20 - Feb 25)
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.
Hello folks👋🏻
Start your day, the smart way!
Daily Mail with a quick wrap of tech highlights and growth strategy that you can read in 2 mins!
"Courage doesn't have the strength to go on - it is going on when you don't have strength."
The quote suggests that courage is not about having an abundance of strength, but rather about persevering and continuing to move forward even when you feel like you don't have the strength or resources to do so. It emphasizes the importance of pushing through difficult and challenging situations, even when it feels overwhelming or impossible, and the resilience that is required to do so. It implies that true courage lies in facing adversity head-on and not giving up, even when it feels like you have nothing left to give.
Quick Recap of the Week
➡️ Monday
Heavily invested in India, building a local team here: Ted Sarandos, co-CEO, Netflix📺
Sales of EV two-wheelers slow as govt stops subsidies🛵
Meta subscription service launched at $11.99/month, to provide protection against impersonation✅
➡️ Tuesday
Tata Motors to supply 25,000 EVs for Uber fleet network🚕
Delhi govt bans Rapido, Ola and Uber bike taxis🏍️
First-gen iPhone sold for a record-breaking $63,000 at auction📱
➡️ Wednesday
India and Singapore launch UPI-PayNow linkage🔗
Data Bill to define anyone under 18 years as “children”🧒🏻
Walmart pleased with Flipkart’s positive contribution margin🛒
➡️ Thursday
Ambani to stream IPL for free after paying $2.7 Bn🏏
Zomato replaces 10-min delivery with home-style meals under ‘Everyday’🍴
Bill Gates buys minority stake in Heineken for $902 million🍺
➡️ Friday
Uber likely to partner with traditional taxi operators in India🚕
Bumble banks on India as a major growing market👩🏻🤝👨🏻
Tata 1MG-backed 5C Network acquires AI healthtech startup Krayen🩺
Let’s move on to the top funding deals from the week.
Funding Deals
FreshToHome, an online platform for fresh meat, fish and seafood products, has raised $104 million in its Series D round led by Amazon Smbhav Venture Fund.
Embedded finance startup Mintoak Innovation raised $20 million in a Series A funding round led by PayPal Ventures.
Upskilling startup NxtWave has raised $33 million in its latest fundraising round led by private equity firm Greater Pacific Capital (GPC).
Web3 gaming venture Kratos Studios has scooped up Rs 160 crore ($20 million) in a seed round led by Accel
Scrut Automation, a governance, risk and compliance-focused SaaS startup, has secured $7.5 million in a strategic funding round led by MassMutual Investors.
Chronicle, a firm that is building a modern format of presentations has raised $7.5 million from Accel as well as Square Peg in its seed funding round.
Edtech company AdmitKard has secured Rs 50 crore in a Series A round led by GSV Ventures and other investors.
Fintech startup Eko India Financial Services has received Rs 30 Crores from EXXORA, the family office of Sriram Natarajan, as part of its Rs 75 Crores Series B funding round.
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