Week in Review💸 (Jul 17 - Jul 22)

Don't miss out on this week's essential reading for every tech enthusiast and aspiring entrepreneur. Start your day, the smart way!

Rise & Shine ☀

Jul 22, 2023

Hello Everyone👋🏻

Welcome to our Week in Review!

From the latest trends to the biggest investments, we’ve got you covered.

So sit back, relax, and catch up on all the news you need to know to stay ahead of the game.🛋️

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Tech Updates

Investors in online gaming firms write to PM Modi, seek meeting
Netflix's password-sharing curbs could lift its subscriber base in India
Infosys tanks 9% after slashing revenue guidance
Tomatoes are to be sold at Rs 70 per kg in Delhi on ONDC
Paytm Q1 Results: Fintech giant's net loss narrows to ₹357 crore, revenue up 39%

HDFC Bank breaks into the $100 billion market-cap club as the world's 7th largest lender
Ola advances plan for IPO as electric scooters take off in India
Threads reach 150 million sign-ups despite usage drop
Infosys signs five-year AI deal with $2 billion target spend
Sleepwell-parent acquires Kurlon, scoops up 35% stake in Furlenco
SoftBank offloads 2% in Paytm, holding falls below 10%
Oyo launches premium resorts brand Palette
Wipro’s $1 billion AI play will be self-financed: CEO Thierry Delaporte
Reliance-JFSL demerger: Jio Financial Services share price to list at ₹273 per share on NSE
Google tests AI tool that is able to write news articles
Elon Musk's Tesla will spend over $1 billion dollars on Dojo Supercomputer
Bollywood stars Alia Bhatt, Katrina Kaif among celebrity investors betting big on startups
Netflix cracks down on password sharing in India, adds 6 million subscribers
Kim Kardashian's Skims is now worth $4 billion

Read here📰

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

Funding Deals

Enterprise AI software firm o9 Solutions raised $116 million from existing investors, led by General Atlantic’s BeyondNetZero.
Insurtech firm RenewBuy has scooped up $40 million in its ongoing Series D funding round from Japanese insurance major, Dai-ichi Life Holdings Inc.
Autonomous industrial robots maker Ati Motors has raised $10.85 million in its Series A round led by True Ventures. Athera Ventures Partners also joined as a new investor. The round saw participation from existing backers including Blume Ventures, Exfinity Ventures, and MFV Partners.
Verification and fraud protection platform Bureau has raised an additional $4.5 million from GMO VenturePartners, GMO Payment Gateway,
Gurugram-based casual footwear brand Solethreads has raised $3.7 million in its Series A round from new and existing investors. Fireside Ventures led the round as a new investor while existing investors DSG Consumer Partners and Saama Capital.
Factors.ai, a business-to-business (B2B) analytics software firm, has raised $3.6 million in a pre-Series A funding round led by Stellaris Venture Partners.
Cybersecurity startup PingSafe has raised $3.3 million in a seed round led by Sequoia Capital India and Southeast Asia’s (now known as Peak XV Partners) Surge, with participation from angel investors, including Rahul Chari, Neeraj Arora, Saurya Prakash, Vivek Ramachandran, Gaurav Agarwal and Tanglin Ventures.
Jimmy’s Cocktails, owned and operated by Radiohead Brands, has extended its pre-Series A round to $3 million. The round was led by Prath Ventures with participation from Paytm founder Vijay Shekhar Sharma, Neel Bahl, existing investors Keki Mistry, Vishesh Khurana, 7Square Ventures, Vidur Talwar and Anirudh Somani.