Week in Review📆 (Jun 17 - Jun 22)
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
Zomato set to buy Paytm’s movie ticketing, and events business for Rs 2,000 crore
Google launches Gemini mobile app in India, available in 9 Indian languages
Ixigo shares debut at 48.5% premium over issue price
Ixigo’s market cap spikes nearly 80% from pre-IPO round
Unacademy in talks to merge with Orchid Schools owner K12 Techno
Ixigo shares zoom 112% in two days
Nvidia is now the world’s most valuable company
Ola Electric secures Sebi approval for Rs 5,500 crore IPO
PhonePe in talks with top smartphone brands to pre-install Indus Appstore
Nvidia loses the top spot to Microsoft after a 3% drop
Let’s move on to the top funding deals from the week.
Funding Deals
Microlending platform Aye Finance has raised Rs 250 crore ($30 million) in debt funding from FMO, the Dutch entrepreneurial development bank.
Craft beer maker Bira 91 has raised $25 million via ECB (External Commercial Borrowing) from its existing investor Kirin Holdings.
Artificial intelligence-powered sales-intelligence startup OrbitShift has raised $7 million in a seed-funding round led by Peak XV Partners' Surge scale-up programme and Stellaris Venture Partners.
Health tech startup Alyve Health has raised $5.5 million led by Axilor Ventures, with participation from existing investor 1Crowd Fund and healthcare-focused fund Inhealth Ventures.
The Pant Project, a D2C fashion brand focused on custom-made and ready-to-wear pants, has raised $4.25 million in a Series A round led by Sorin Investments — a VC fund founded by former KKR India CEO Sanjay Nayar.
Supermoney, an SME-focused digital lending platform, has raised $3.4 million (Rs 28.6 crore) in its Series A round from Capital 2B and Capria Ventures.
Specialty chemicals platform Distil has raised $3.1 million in a seed funding round led by Jungle Ventures and India Quotient, with participation from other investors.
Maxim AI, which helps developers evaluate and monitor their artificial intelligence applications, has raised $3 million in a funding round led by Elevation Capital.
Revenue automation startup MeetRecord has raised $2.7 million in a pre-series A funding round led by Singapore-based venture capital fund SWC Global, with participation from existing investor All In Capital.
Fintech startup POP has raised $2.4 million in seed funding round led by India Quotient and a few prominent angel investors.
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! 💡
