Week in Review 🎮 (Jul 31 - Aug 05)

Aug 05, 2023

Hello Everyone👋🏻

Welcome to our Week in Review!

We've got you covered from the latest trends to the most significant investments.

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

OTT players may have been removed from new telecom bill
Zomato market cap breaches $10 billion mark
Delhivery cuts losses sharply to Rs 89.5 crore in Q1
Elon Musk goes live on ‘X’, introduces the feature with a bizarre video of himself doing biceps curls in office
Reliance Industries AGM to take place on 28 August

Tiger Global has fully exited from ecommerce major Flipkart, clocking overall gains of $3.5 billion.
Chandrayaan-3 has successfully completed its orbits around the Earth and is on its way toward the Moon.
US investment firm Vanguard cuts Ola's valuation further to $3.5 bn
World’s biggest market for sub-$100 million IPOs booms in India
UPI monthly transaction volumes near 10 Bn in July
Foxconn to invest $600 million in Karnataka on iPhone facilities
Apple-Goldman Sachs high-yield savings account surpasses $10Bn in customer deposits
Apple Q3 results: Revenue drops 1%, but profit rises to $19.9 billion
Amazon Q2 results: Revenue rises 11% to $134 billion boosted by cloud sales
Zomato turns profitable for the first time, revenue jumps 71%
Mamaearth parent receives Sebi nod for IPO

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

Gurugram-based Clix Capital has secured Rs 1,200 crore in debt funding in the current quarter, of which Rs 164 crore came from the Global Climate Partnership Fund.
Vistaar Financial Services has secured $50 million in funding from the US government's development finance institution, the International Development Finance Corporation (DFC).
Kalaari Capital-backed edtech institute AlmaBetter has allocated funds worth Rs 50 crore to launch ‘AlmaBetter Innovarsity’, an autonomous institute that offers niche technical education in Data Science and AI, and software development fields.
Unstop, a community engagement and hiring platform for students and graduates, on Tuesday said it has raised $5 million from Japan-based human resources firm Mynavi, online education provider Coursera and others.
FincFriends Private Limited, a captive NBFC of RupeeRedee , has raised $3.5 million in an equity round from existing shareholder Digital Finance International.
Doorstep diesel delivery firm The Fuel Delivery (TFD) has raised $2 million from Singapore-based Drake Trade and Investment Pte. Ltd.