Week in Review🏆 (Jun 24 - Jun 29)
Week in Review🏆 (Jun 24 - Jun 29)
T20 WC Final tonight! 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
Meta AI assistant rolls out with text, and image features
Quick commerce Zepto raises $665 Mn at $3.6 Bn valuation
Ather Energy converts to a public limited company
Flipkart explored a deal with Swiggy for a pie of quick commerce
Flipkart & PhonePe on Path To Profitability, Says Walmart CFO
Centre eyeing one startup in every district by next year
Flipkart launches UPI app Super.Money to offer financial services
Aris Infra plans to raise Rs 600-700 crore via IPO
Infosys working on 225 GenAI programs for clients; enterprise AI will take years to unfold: Nilekani
Jio, Airtel, Vi to raise mobile tariffs from July 3
Amazon invests Rs 600 crore in India payments business
Let’s move on to the top funding deals from the week.
Funding Deals
Edtech unicorn upGrad has raised Rs 287.5 crore (approximately $35 million) from EvolutionX.
Rocketlane, a B2B software-as-a-service (SaaS) startup, has raised $24 million (about Rs 200 crore) in a funding round co-led by 8VC, Matrix Partners India, and Nexus Venture Partners.
Co-working space solutions provider Smartworks has raised Rs 168 crore ($20.24 million) from a group of investors including Keppel, Ananta Capital Ventures Fund I, Plutus Capital, family trusts, and HNIs.
Business-to-business (B2B) fashion marketplace Zyod has raised $18 million in equity and debt funding. Venture firm RTP Global led the funding, while the debt capital was raised from Stride Ventures, Trifecta Capital, and Alteria Capital.
Online gold loan platform Rupeek has secured Rs 125 crore (approximately $15 million) in primary funding from Elevation Capital.
Healthcare startup Doceree has raised Rs 113.5 crore (approximately $13.6 million) from Indian private equity firm Creaegis.
Omnichannel retailer Bluestone has raised Rs 100 crore or $12 million in debt from Neo Markets.
Cloudphysician, an online healthcare and technology solutions provider, has raised $10.5 million (about Rs 87.7 crore) in a funding round led by Peak XV Partners.
D2C dairy brand Sid’s Farm has raised $10 million in Series A funding co-led by Omnivore and Narotam Sekhsaria Family Office (NSFO).
Actor Rana Daggubati has launched a new tequila with south Indian musician Anirudh Ravichander and Sree Harsha Vadlamudi, owner of microbrewery Ironhill India. The three have invested a combined $10 million in the company, Ironhill Hospitality Pvt Ltd. The tequila, called Loca Loka, will be made from 100% agave grown in the Jalisco region of Mexico.
Electric motorcycle maker Matter Motors has raised Rs 82 crore in a funding round that saw investments from Japan Airlines & TransLink Innovation Fund and Helena Special Investments Fund, among others.
Agritech startup Two Brothers Organic Farms has raised Rs 58.2 crore in an equity funding round led by Zerodha cofounder Nithin Kamath’s Rainmatter Foundation. The round also saw participation from Silicon Valley entrepreneur Raju Chekuri, founder of the cybersecurity firm NetEnrich.
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! 💡
