Week in Review 🪁 (Jan 15 - Jan 20)
Week in Review 🪁 (Jan 15 - Jan 20)
Tech highlights of the week: Startups thrive, giants strategize. Gear up for more tech wonders next week with Rise & Shine!
Hey Rise & Shiners! 🌟
Week 3 has unraveled, and the Indian startup arena is on fire! 🔥💼
More than 22 startups hogged the limelight, securing substantial investments.
It's a testament to the resilience and innovation that defines the heart of our buzzing startup ecosystem.
Let's dive into the tech marvels that dominated the headlines:
Quick Recap of the Week
Nifty 50 advances for 5th straight session, crosses 22,000 mark for first time
Spacetech startup Pixxel launches manufacturing facility in Bengaluru
Free Fire Max beats BGMI to bag India’s favourite esports tag
Adani Enterprises raises stake in media agency IANS
Foxconn, HCL group sign pact for chip packaging facility in India
SoftBank fully exits Policybazaar parent with $650 million returns
DMI Group acquires BNPL startup ZestMoney
Govt may allot Rs 10,000 crore for quantum computing centres in PPP Mode
Sun Pharma to buy remaining stake in Taro Pharma for $347.8 million
Let’s move on to the top funding deals from the week.
Funding Deals
Wow! Momo Foods has raised Rs 350 crore from Khazanah Nasional Berhad, the sovereign wealth fund of Malaysia.
Digital gaming and esports company Nazara Technologies has raised Rs 250 crore from Zerodha’s co-founders-backed Kamath Associates & NKSquared, ICICI Securities, Plutus Wealth Management, and others.
Social investment platform StockGro has raised Rs 205 crore in a debt round from Trifecta Ventures and Hindustan Media Ventures in two separate tranches.
FinAGG Technologies, a fintech startup offering cash-flow based supply chain finance, has raised $11 million in its Series A funding round co-led by global impact investment manager BlueOrchard and Tata Capital Limited.
Venture debt fund Alteria Capital has infused ₹120 crore in mobile-first credit card startup OneCard's parent company FPL Technologies.
Electric vehicle leasing and lifecycle management platform Alt Mobility has raised $6 million (nearly Rs 50 crore) in a funding round co-led by Shell Ventures, Eurazeo, EV2 Ventures and Twynam.
Groyyo, a manufacturer-first automation platform, has raised $5.4 million in a debt round from Lighthouse Canton and Trifecta Capital.
E-commerce platform BuyEazzy has raised $4.25 million in its Series A round led by Info Edge Ventures with participation from existing Pg investors Incubate Fund Asia and M Venture Partners.
Upswing Financial Technologies, a fintech-focussed software suite provider for consumer businesses, has raised $4.2 million in a pre-series-A funding led by Quona Capital.
Web3 startup zbyte has raised $4 million in a strategic funding round from multiple investors, including Cartography Capital and Quarterback Financial.
That wraps up our tech-tastic week!
From startups' funding spree to tech giants' strategic leaps, we've surfed a wave of innovation.
As we enter the upcoming week, let's carry the momentum forward.
Embrace the challenges, celebrate the victories, and stay tuned for more tech wonders with Rise & Shine. Your dose of innovation, inspiration, and insights continues, and we can't wait to explore the tech landscape together in the coming days.
Keep shining bright, and here's to another week of possibilities, growth, and the magic that unfolds when we rise together! 🚀🌟
