Week in Review☔ (July 8 - July 13)
Week in Review☔ (July 8 - July 13)
Ready to explore the latest in tech? This Week in Review brings you a whirlwind of innovation and funding successes – your front-row seat to what's next! 🎉
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:
Quick Recap of the Week
Flipkart-Backed BlackBuck files DRHP for Rs 550 Cr IPO
Nykaa expects consolidated revenue to rise 22-23% in April-June quarter
ONDC monthly transactions hit 10 million in June
OfBusiness FY24 operating revenue up 26% on year to Rs 19,296 crore
Accenture acquires Bengaluru-based chip design startup Excelmax
Namita Thapar's Emcure Pharma lists at 31% premium on NSE
Skincare brand mCaffeine partners with GoKwik to boost D2C revenue
Adda247 acquires CA test prep platform Ekagrata
Tata 1mg’s FY24 operating revenue up 21% to Rs 1,968 crore
IISc-Art Park to open source 16,000 hours of speech data for AI models
Astrology startup Melooha acquires GenAI firm Munitalks
TCS Q1 results: Net profit rises 9% on year, beats estimates
Cashe forays into insurance broking with Centcart acquisition
Let’s move on to the top funding deals from the week.
Funding Deals
Wealthtech platform Dezerv has raised Rs 265 crore or $32 million in a Series B round led by Premji Invest.
Awign has raised Rs 203.5 crore or $24.5 million from Japan-based Mynavi Corporation, which will now control a 73% stake in the Bengaluru-based HR tech startup.
Roll-up brands firm Goat Brand Labs has raised $21 million in a funding round of a mix of debt and equity from investors like BlackRock, Mayfield, NB Ventures, and others.
Infra.Market has secured Rs 150 crore (approximately $18 million) in debt financing over the past two months. The debt infusion for the Mumbai-based firm follows the $50 million equity round from the Mars Unicorn Fund — a joint venture of Liquidity Group and MUFG.
Cancer-focused biotech startup Immuneel Therapeutics has raised Rs 100 crore or $12 million in the extension of Series A round from Taiba Middle East FZ LLC.
iVP Semi has raised $5 Mn in its Pre-Series A funding round from undisclosed investors.
Marathi OTT platform Planet Marathi OTT has raised $5 million in a new round led by USA-based private equity firm A & MA Capital USA.
Consumer electronics maker Circuit House Technologies, started by former Xiaomi India chief business officer (CBO) Raghu Reddy, has raised $4.3 million in a funding round led by Stellaris Venture Partners and 3one4 Capital.
Healthcare-focused fintech startup Care.fi has raised $2 million (Rs 16 crore) in debt capital from Trifecta Capital and an additional $0.6 million (Rs 5 crore) from UC Inclusive Credit.
Restaurant chain House of Biryani has raised $2 million in a funding round from Al Siraj Holdings, a single-family office from the Middle East, Angel Star Ventures, a US-based fund out of Pennsylvania, and accredited high-net worth individuals (HNIs) from the US.
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! 💡
