Week in Review📆 (Jun 03 - Jun 08)
Week in Review📆 (Jun 03 - Jun 08)
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 on this journey 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
UPI sets new record in May with 14 billion transactions worth over Rs 20 trillion
Elon Musk tops Forbes Billionaires list with $210.7 billion net worth
Baron Capital marks up Swiggy valuation by 25% to $15.1 billion
Adani group enters financial services
Flipkart users may soon be able to order food via ONDC
Cisco launches $1 billion AI fund and makes first investments
Amazon backs social media influencers, launches Creator University
Nvidia hits $3 trillion in value as shares rise 5.2%, chip maker zooms past Apple as second-most valuable company
NPCI Inks Pact with Peru to Build UPI-Like Payments System
Zoho rolls out AI-powered customer management features amid slowing growth
Amazon acquires video streaming platform MX Player
Policybazaar parent shares climb 5% amid block deal
Let’s move on to the top funding deals from the week.
Funding Deals
Eyewear retailer Lenskart has raised $200 million in secondary investment from Temasek and Fidelity Management & Research Company (FMR).
Digital lending startup Fibe has raised $90 million in a Series E round led by TR Capital, Trifecta Capital, and Amara Partners.
Hero MotoCorp has approved the purchase of an additional 2.2% stake in the electric scooter maker Ather Energy for about Rs 124 crore (approximately $15 million).
Small and medium enterprises focused digital lending platform Lendingkart has secured Rs 100 crore ($12 million) in debt and Rs 8 crore (nearly $1 million) equity from Stride Ventures.
Online astrology platform AstroTalk has raised Rs 78.3 crore or $9.5 million in an extension of its Series A round from existing investors Left Lane Capital and Elev8 Capital.
AI-based low-code test automation platform Testsigma has raised $8.2 million in funding led by MassMutual Ventures, along with existing investors Accel, STRIVE, and BoldCap.
Robotics startup Botsync has raised $5.2 million in its Series A round led by Capital 2B and Betatron Venture Group.
Sustainability and climate management solutions provider LogicLadder has raised $2.5 million in a funding round led by Singapore-based Big Capital and Zerodha-backed venture fund Rainmatter.
Clodura.AI, an innovator in AI-driven sales prospecting solutions, has raised $2 million in its pre-Series A funding round led by the Bharat Innovation Fund with additional backing from Malpani Ventures.
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! 💡
