Week in Review 🏦 (Jul 24 - Jul 29)

Jul 29, 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.🛋️

Swiggy integrates morning delivery service InsanelyGood with main app
Gaming firm Nazara Technologies posts 31% jump in quarterly profit at Rs 20.9 crore
IPO-bound Ola Electric recorded $136 million loss in FY23
US chipmaker AMD to invest $400 million in India by 2028
Elon Musk announces X platform's exclusive move to ‘Dark Mode’

'X is the future state of unlimited interactivity,' says Twitter CEO Linda Yaccarino
Byju’s, creditors to rework terms of $1.2 billion loan
Sam Altman launches crypto project Worldcoin
Airtel B2B unit links over 20 mn IoT devices
Myntra plans makeover of private label strategy, 50 jobs to be hit
Space startup Pixxel wins govt grant to build satellites for IAF
Tata Motors plans app to help its electric vehicle users find charging stations
Visa joins hands with Adani Group, to target customer base of 40 crore
BlackRock to Re-enter India Via JV with Jio Fin
Foxconn unit plans to set up $200 million electronic components plant in Tamil Nadu
IIT-Bombay names Main Building after alumnus Nandan Nilekani

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

Bengaluru-based virtual restaurant operator Dil Foods has raised $2 million in a pre-Series A funding round led by V3 Ventures and Mount Judi Ventures.
Climate-tech company Newtral.io has raised $80K (Rs 0.64 crore) in a pre-seed funding round led by startup accelerator PedalStart.
Web3 cybersecurity startup Zyber 365 has raised $100 million at a $1.2 billion valuation from UK-based SRAM & MRAM Group.
Telecom startup Wiom has scooped Rs 140 crore (approximately $17 million) in a Series A round led by RTP Global.
Ethereal Machines, an advanced manufacturing player, has raised $7.3 million in a new round which saw participation from Peak XV’s Surge, Blume Ventures and individuals including Ganapathy Subramaniam and Lip-Bu Tan.
Effectiv, a real-time fraud and risk management platform for financial institutions and fintech companies, has raised $4.5 million in seed funding led by Silicon Valley-based Better Tomorrow Ventures.
Customer experience platform, Kapture CX has raised $4 million as a part of its latest round of funding led by venture capital firm Cactus Venture Partners (CVP).
Kerala-based banana chips brand Beyond Snack has raised $3.5 million in a pre-Series A round from NABVENTURES Fund.