Week in Review 🏹 (Jun 12 - Jun 17)
Week in Review 🏹 (Jun 12 - Jun 17)
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.
Hello Everyone👋🏻
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
Andreessen Horowitz to open first international office in London led by Sriram Krishnan
Policybazaar’s broking biz almost breaks even, contributes 42% of revenue
VLCC to acquire D2C men’s grooming brand Ustraa through strategic merger
Accenture to invest $3 billion in Artificial Intelligence, double AI talent to 80,000
upGrad forays into Pacific region with medical institute in Vanuatu
Apple may make 18% of iPhones in India by FY25: Report
Flipkart and PhonePe could be $100 billion businesses in India, Walmart says
Cabinet likely to approve Rs 25,000 crore chip manufacturing scheme
JioCinema’s IPL telecast may give a boost to telcos’ ARPU
HCLTech to offer generative AI solutions with Microsoft, train 10,000
Let’s move on to the top funding deals from the week.
Funding Deals
Energy transition platform Amp Energy India has secured up to $250 million (~Rs 2,061 crore) from SMBC Bank of Japan (Sumitomo Mitsui Banking Corporation), ICG (Intermediate Capital Group), and AIIB (Asian Infrastructure Investment Bank).
Multi-channel eyewear brand Lenskart has scooped up $100 million from ChrysCapital via primary and secondary share purchases.
Indifi Technologies, an online lending platform that offers third-party loans to micro, small and medium enterprises, has raised $35 million in its Series E round led by ICICI Venture Fund.
Micro-mortgage housing finance firm Aviom India Housing Finance has raised $30 million equity investment in a Series D round led by Nuveen, a global investment management firm.
Ride-hailing company Uber has led a $20 million funding round in Mumbai-based car rental company Everest Fleet.
HomeLane, a home interior solutions startup, has closed a bridge round of Rs 75 crore from its current investors.
Revfin, a digital lending platform focused on EV financing, has raised $5 million from the United States International Development Finance Corporation (DFC).
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