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Week in Review 📸 (Jun 05 - Jun 10)
Discover the Latest Innovations and Funding Successes that Shaped the Startup Landscape This Week. Don't miss out on this week's essential reading for every tech enthusiast and aspiring entrepreneur.
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.🛋️
Quick Recap of the Week
Aurum acquires Tiger Global-backed NestAway at 95% valuation cut
EV, AI, semicon emerge as hot favourites for VCs amid sluggish startup fundraising
Suniel Shetty invests in edtech firm Klassroom Edutech
ONDC launches B2B ecommerce, SignCatch and Rapidor join network
Byju’s subsidiary Aakash to go public next year
Apple WWDC 2023 Key highlights: First-ever AR/VR headset, iOS 17, iPadOS 17, and other major announcements
Sequoia Capital splits; US, India, China entities to operate independently
Oppo, OnePlus and Realme to be independent entities as parent BBK looks to restructure
Wipro launches new suite of banking financial services built on Microsoft Cloud
WhatsApp launches 'Channels', expected to roll out in India in the coming months
Tata Elxsi partners with ISRO to develop crew recovery models for Gaganyaan Mission
Let’s move on to the top funding deals from the week.
Course5 Intelligence, an analytics and AI solutions company, raised $53 million in its second funding round, led by the Nuvama Crossover series of funds managed by Nuvama Asset Management Limited, and also saw participation from Carnelian Asset Advisors and affiliates.
Bengaluru-based fitness startup HealthifyMe has raised $30 million in its pre-Series D funding round led by LeapFrog Investments and Khosla Ventures.
2070 Health, a healthcare venture studio, has raised $30 million from healthcare-focused VC fund W Health Ventures to build healthcare companies from scratch.
Digital cloud lending platform Lentra announced that it raised $27 Mn (approximately INR 223 Cr) as part of its extended Series B funding round, which was led by MUFG Bank and Dharana Capital.
Electric vehicle manufacturer River has scooped up $15 million in a new round led by Dubai’s Al Futtaim Group.
AI-enabled pipeline acceleration startup RevSure.AI has raised $10 million in its seed funding round. Neotribe Ventures and Innovation Endeavors co-led the seed round, while Operator Collective and Correlation Ventures were also participants.
Chennai-based cleantech startup Proklean Technologies has raised $4 million as part of its strategic funding round from the Raintree Family Office.
Togai, a business-to-business SaaS metering and pricing platform, has raised $3.1 million in a seed round led by Together Fund.
GenWise, an app catering to the elderly, has raised $3.5 million in a seed round led by Matrix Partners India, with participation from investors including DBR Venture, the family office of the Jagran Group and Climber Capital.
Fantasy stock gaming application TradingLeagues has raised $3.5 million in a pre-Series A funding round led by Leo Capital.
Cohere, an AI foundation model company that competes with Microsoft-backed OpenAI, said on Thursday it had raised $270 million in a funding round backed by Nvidia, Oracle, and Salesforce Ventures, among others.
I have compiled a report with all the Funding deals with the amount and Investor information.💰📈
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