Week in Review 🧠 (Jan 29 - Feb 03)
Week in Review 🧠 (Jan 29 - Feb 03)
Dive into a whirlwind of innovation! This Week in Review unfolds a symphony of tech marvels and funding triumphs – your front-row seat to the future of possibilities.
Hey Rise & Shiners! 🌟
As we step into another week of boundless possibilities, "Rise & Shine" is back with the latest scoop on the tech and funding frontier.
From groundbreaking tech updates that promise to reshape our digital landscape to the dynamic pulse of funding deals, this edition is your passport to the cutting edge.
Let's dive into the tech marvels that dominated the headlines:
Quick Recap of the Week
LV's owner Bernard Arnault surpasses Elon Musk as the richest person in the world
Krutrim becomes India's fastest unicorn and first AI Unicorn
Byju’s seeks $200 million in rights issue at 99% valuation cut
Elon Musk's Neuralink implants brain chip in first human
PB Fintech stock crosses its IPO price after 2 years, gains 12.5% on robust Q3 results
Tata Motors drives past Maruti, and becomes most valued automaker
Paytm Payments Bank told to halt services by February-end
Nazara Tech's Nodwin Gaming invests €8 million in Germany's Freaks 4U Gaming
Temasek Holdings exits PB Fintech for ₹2,425 crore
Paytm admits hypergrowth led to compliance, tech lapses
Let’s move on to the top funding deals from the week.
Funding Deals
Enterprise conversational and generative AI platform Kore.ai has secured $150 million in a funding round led by FTV Capital along with participation from Nvidia and existing investors such as Vistara Growth, Sweetwater PE, NextEquity, Nicola and Beedie.
Small business-focused fintech UGRO Capital has raised Rs 250 crore ($30 million) through Non-Convertible Debentures from the Asian Development Bank (ADB).
BluSmart Mobility, an EV ride-hailing service and EV charging hub infrastructure operator has scooped up $25 million in an equity and debt round from Switzerland-based ResponsAbility.
Digital freight management startup Wiz Freight has raised Rs 125 crore ($15 million) in a Series B equity funding round led by Japan-based venture capital SBI Investment.
AI-based security startup P0 has raised $6.5 million in its seed round from Silicon Valley-based investor Lightspeed Venture Partners.
Asset management company Black Opal Group has raised $3 million from SBI and HDFC Banks, among others.
EV asset management and leasing startup Electrifi Mobility has raised Rs 25 crore as part of a seed round in a mix of debt and equity. The round saw participation from Asian Development Bank (ADB) Ventures, AdvantEdge Founders, and other investors.
As we close this edition, let's remind ourselves to stay positive, be resilient, and eagerly embrace the opportunities that lie ahead.
The tech world is a canvas of endless possibilities – let's paint it with optimism and innovation.
Here's to Rising & Shining Together! 💡
