Week in Review🐧 (Jun 10 - Jun 15)
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
Sachin Bansal exits Ather Energy selling remaining stake to Hero MotoCorp, Nikhil Kamath
PM Modi’s third term begins, 72-member Cabinet unveiled
Indian D2C brand market poised to hit $61.3 billion by FY27: Report
Cognizant to acquire ER&D services firm Belcan for $1.3 billion
Elon Musk warns that he will ban Apple devices if OpenAI is integrated at operating system level
South Park Commons enters India in collaboration with Binny Bansal
360 One acquires Times Internet’s ET Money for $44 Mn
Zomato to invest Rs 400 Cr in Blinkit and Zomato Entertainment
Neobank Jupiter receives wallet license from RBI
Let’s move on to the top funding deals from the week.
Funding Deals
Battery tech startup Battery Smart has scooped up $65 million in Series B round led by LeapFrog Investments.
Consumer electronics startup Indkal Technologies has raised $36 million (approximately Rs 300 crore) led by Mauritius-based Aries Opportunities Fund.
Foxtale, a direct-to-consumer (D2C) skincare brand, has today announced raising $18 million (approx. Rs 150 crore) in its Series B funding round, led by Singapore-based Panthera Growth Partners.
Advanced manufacturing startup Ethereal Machines has raised $13 million in a Series A round led by Peak XV Partners and Steadview Capital.
IPO-bound Ola Electric has raised Rs 100 crore (approximately $12 million) in debt from Alteria Capital.
RENÉE Cosmetics, a new-age beauty brand has raised INR 100 cr (around $12 million) in its extended Series B round led by existing investors Evolvence India and Edelweiss Group.
Ahmedabad-based new-age ice cream brand Hocco has concluded a Rs 100-crore ($12 million) fundraise led by its promoter group Chona family and existing investor Sauce VC.
Non-banking financial company (NBFC) Arthan Finance has raised Rs 50 crore ($6 million) from investors such as the Incofin India Progress Fund and the Michael and Susan Dell Foundation.
Trampoline, a cross-border B2B home décor brand, has raised $5 million in its seed round led by Matrix Partners India and WaterBridge Ventures, with participation from Alteria Capital with an additional $2 million in venture debt.
Salon chain JCB (Jean Claude Biguine) Salons India has raised Rs 40 crore ($4.8 million) from alternative credit platform Blacksoil.
Skye Air, a SaaS-based autonomous logistics solution provider, has raised $4 million in its Series A round from Mount Judi Ventures, Chiratae Ventures, Venture Catalyst, Windrose Capital, and Tremis Capital.
Swaayatt Robots, a Bhopal-based autonomous driving startup, has raised $4 million from US-based angel investors.
Fintech startup CredAble has raised Rs 30 crore ($3.6 million) in debt funding from SIDBI.
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! 💡
