Week in Review 🎀 (Jan 1 - Jan 6)

Subtle Moments, Bright Insights: Unravel the Tapestry of Your First Week in 2024 with Rise & Shine! 🌟📰

In the blink of an eye, the first week of 2024 has woven itself into the fabric of our lives.

As we unravel the top headlines and funding deals that shaped these past seven days, let the realization sink in.

Time, ever-constant, propels us forward. Soon, it'll be a month, then a year.

Let this recap be your reminder: the moments we live today craft the narratives of our tomorrows.

Join us in reflecting on the week that passed, for in these fleeting moments, we find the threads that lead to our best selves. ✨📰

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Quick Recap of the Week

• SoftBank took home $1.8-1.9 billion from four listed portfolio companies

• Isro launches India’s first dedicated polarimetry mission

• RBI grants payment aggregator licence to Tata Pay, DigiO

• Flipkart cofounder Binny Bansal launches ecommerce startup OppDoor

• ITC to scale up cloud kitchen business, enter more cities

• Indian GenAI firms raised $700 million in three years: Nasscom

• Jio Financial-BlackRock applies for mutual fund licence with SEBI

• Gautam Adani overtakes Mukesh Ambani as India's richest man, both climb spots on world rich list

• Zuckerberg sold nearly half a billion dollars of Meta stock in last two months

• SpaceX launches first set of satellites with direct-to-cell capabilities

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Let’s move on to the top funding deals from the week.

Funding Deals

• Online meat and seafood startup Captain Fresh has raised Rs 110 crore in funding from Andhra Pradesh-based Nekkanti Sea Foods and investment firm Shakti Finvest.

• Mobile-first credit card startup OneCard has raised Rs 95 crore or $11.44 million in debt from Alteria Capital.

• Supply chain startup Wiz Freight has raised Rs 93.3 crore or $11.24 million in a Series B round led by Japan-based venture capital firm SBI Investments.

• Bengaluru-headquartered VRO Hospitality, which operates 42 lounges and bars in the country, has raised $10 million in a bridge funding round led by Axis Bank and venture capital firm Gruhas, which is backed by Zerodha co-founder Nikhil Kamath.

• SalarySe, a credit-on-UPI app for salaried employees, has raised its seed funding round of Rs 43.71 crore or $5.2 million led by Surge Ventures, an early-stage focused VC arm of Peak XV Partners.

• Health and wellness platform HyugaLife has raised $1 million in a new round from Stride Ventures, and Getvantage.

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As we bid farewell to this week's journey, let's carry its lessons forward.

Time, the silent orchestrator, reminds us that a month and a year are but moments away. Seize the opportunity to make each day a step towards a brighter, more fulfilled tomorrow.

Until next week, let's rise, shine, and make the most of the time we're given!

Thank you for being a cherished part of the Rise & Shine community. Let's continue this journey together, embracing positivity and mindfulness every step of the way.