Week in Review🌉 (July 1 - July 6)

Jul 06, 2024

Hey there, Rise & Shine fam!

Get ready for a journey through the latest tech wonders and funding victories.

Join us as we explore groundbreaking updates and celebrate our shared passion for growth and innovation.

Let's dive into the tech marvels that dominated the headlines:

Nodwin acquires German gaming company Freaks 4U for Rs 271 Cr
Ola Electric to invest $100 million in gigafactory
Purplle raises Rs 1,000 crore from Abu Dhabi Investment Authority, others
Patanjali Foods eyes pole position in FMCG space, to acquire Patanjali Ayurved’s home-personal care biz for ₹1,100 cr
Sensex tops 80,000 mark for the first time, Nifty 50 edges toward 24,300
Zomato gets shareholder approval for Esop plan; ends pursuit of NBFC license
Indian Twitter rival Koo shuts down after failed acquisition talks
Persistent Systems buys US software firm Starfish Associates
Food delivery market size to cross Rs 2 lakh crore by 2030: Bain-Swiggy report
Fast fashion brand Shein to re-enter India on Reliance Retail's app, stores
Peak XV has Rs 16,000 crore for investment; AI to be in focus: Rajan Anandan
CoinDCX acquires crypto firm BitOasis

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

Oyo has raised Rs 416.85 crore (approximately $50 million) from InCred Wealth and Investment.
Agritech startup Arya.ag has raised Rs 242.36 crore approximately ($29.2 million) from existing investors. The company has received Rs 134.46 crore from previous backers: Asia Impact and Quona Capital through Quona Blue Earth and Accion Quona.
New-age fashion brand Rare Rabbit has raised Rs 150 crore (approximately $18 million) in primary capital led by A91 Partners. A91 Partners led the round with Rs 102 crore while Zerodha’s founders NKSquared injected Rs 29 crore. Gruhas Proptech, Ravi Modi Family Trust, and Vendant Modi cumulatively participated with Rs 18.92 crore during the investment.
Health-tech startup Watch Your Health has raised $5 million in a Series A round co-led by Cornerstone Ventures and Singapore-based Conquest Global.
Enterprise spend management platform Dice has raised $5 million (Rs 42 crore) in a Series A funding round led by venture capital firm Dallas Venture Capital (DVC). The round also saw participation from venture capital fund GVFL (formerly Gujarat Venture Finance Limited).
D2C sneaker brand Comet has raised Rs 42.3 crore (approximately $5 million) in its Series A round led by Elevation Capital.

As we wrap up this edition, let's reaffirm our commitment to positivity, resilience, and seizing every opportunity that comes our way.

In the vast canvas of the tech world, let's pick up our brushes and paint a masterpiece of optimism and innovation together.

Here's to Rising & Shining Together! 💡