Week in Review 🏙️ (Feb 24 - Mar 1)
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
Zepto Cafe reaches 100,000 daily orders, nears $100 mn GMV run-rate
Veranda Learning acquires 40.41% Stake in BB Virtuals and 65% in Navkar Digital
Swiggy to invest Rs 1000 Cr in subsidiary Scootsy for biz expansion
Flipkart’s Super.money acquires BharatX’s tech
Zomato invests Rs 1,500 Cr in Blinkit
Perplexity AI ventures beyond search with ‘Comet’ agentic browser to rival Google Chrome
Zepto strengthens footprint with more than 20 dark stores operational in Tamil Nadu
Apple to invest $500 billion, create 20,000 US jobs; joins Meta, SoftBank in $1 trillion push
YouTube star MrBeast is raising money at a $5 billion valuation
Wearables brand Boat's shareholders clear IPO plan; company to raise Rs 500 crore in fresh capital
Amazon reveals Alexa+ with AI upgrades, completely free for Prime members
ONDC quick commerce app Kiko Live exceeds 5,000 daily orders in Delhi
Instagram may launch Reels as separate app: Report
Let’s move on to the top funding deals from the week.
Funding Deals
Geniemode, a business-to-business cross-border e-commerce startup, has raised over $50 million in its Series C round, led by Multiples Alternate Asset Management, with participation from Fundamentum, Paramark Ventures, and existing investor Info Edge Ventures.
Software-as-a-service (SaaS) startup Bridgetown Research has raised $19 million in a funding round led by global venture capital firms Lightspeed and Accel.
Fintech unicorn Oxyzo has secured Rs 100 crore (approximately $12 million) in debt from AK Capital Finance, a subsidiary of merchant banker A.K. Capital Services Ltd.
Quick Clean, a professional linen management solutions provider, has raised Rs 50 crore ($5.7 million) in its Series A funding round co-led by Alkemi Growth Capital and Blue Ashva Capital and witnessed an additional investment of Rs 10 crore ($1.15 million) credit line from Venture Debt Cos.
Insurtech company Go Digit has invested Rs 30 crore in pharmaceutical major Dr. Reddy’s Laboratories, acquiring a 0.32% stake in the company.
FanTV, a content platform on the Sui blockchain, has secured an additional $3 million in strategic investment from Mysten Labs, Cypher Capital, CoinSwitch Ventures, and Illuminati Capital.
Full-stack electric vehicle ecosystem platform Vidyut has raised $2.5 million in funding from global fintech investor Flourish Ventures.
Cross-border payments platform HiWiPay has raised $2 million in a seed funding round led by Unicorn India Ventures.
Bengaluru-based IT startup Technodysis has secured Rs 10 crore in debt funding from Recur Club, a debt marketplace for startups and SMEs.
Spacetech startup Sisir Radar, which builds Synthetic Aperture Radar (SAR), has raised $1.5 million in its seed round led by Shastra VC. The round also saw participation by Riverwalk Holdings and INVSTT.
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! 💡
