Week in Review 📈 (Jun 26 - Jul 01)

Don't miss out on this week's essential reading for every tech enthusiast and aspiring entrepreneur. Start your day, the smart way!

Rise & Shine ☀

Jul 1, 2023

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.🛋️

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Tech Updates

Dream11 bags jersey rights - riseshine.in

Dream11 bags team India jersey sponsor rights at base price of Rs 358 crore
Goldman Sachs may exit partnership with Apple
Spotify considering full-length music videos on app
Indians to consume highest data in the world by 2028
Twitter announces big change to increase its users; Sign-in becomes compulsory
Good Capital launches $50 million fund to back startups leveraging AI
Neeraj Chopra clinches second Diamond League title of the year with best throw of 87.66m

Accenture signs up $100 mn Generative AI projects in 4 months
Ideaforge IPO fully subscribed within hours on robust retail demand
Draft of Digital India Act to open for public consultation in next two weeks
Infosys wins $454 mn digital transformation deal from Danske Bank
Nifty hits all-time high crosses 18,900; banks, metals shine
NPCI pulls up PPIs, shuts down unregulated co-branded wallets
Prosus reports 80% jump in Swiggy's loss, 26% growth in GMV
Tata Communications to acquire Kaleyra for about $100 mn in an all-cash deal
Apple share price hits record, market capitalisation nears $3 trillion
HDFC to vault into ranks of world’s most valuable banks after merger
Edtech unicorn Upgrad in talks to buy US-based Udacity

Let’s move on to the top funding deals from the week.

Funding Deals

Lendingkart, a micro, small and medium enterprises (MSMEs) focused digital lending platform, has secured Rs 200 crore in a debt financing round led by Temasek-backed EvolutionX Debt Capital in order to finance the firm’s working capital requirements.
E-Mobility as a Service (eMaaS) platform BillionElectric has raised $10 million in a seed round of equity and asset lease funding led by Urmin Group.
Travel fintech firm Scapia has raised $9 million in a seed round led by Matrix Partners India, with participation from Tanglin Venture Partners, Binny Bansal’s 3STATE Ventures and notable angel investors such as Keki Mistry (CEO, HDFC Ltd).
Koskii, the Bengaluru-based women’s occasion-wear brand, has raised Rs 61 crore in a Series A round of funding led by Baring Private Equity Partners India.
EV startup Oben Electric has raised Rs 40 crore in an extended pre-series A round, bringing their total pre-Series A fundraise to Rs 72 crore (equity and debt).
Aviation startup BluJ Aero has raised $2.25 million in a seed funding round to develop a vertical take-off and landing (VTOL) aircraft powered by hydrogen fuel cell technology.
Healthtech platform WatchYourHealth (WYH) has raised $ 2.2 million (about 18.50 crore) led by Conquest Global Ventures Private Limited (CGVPL) which is a Singapore-based venture capital firm.
Mumbai-based Mainstreet Marketplace, a platform for sneakerheads to buy and resell shoes, has closed a $2 million (around Rs 16 crore) seed funding round from a clutch of investors.
Same-day delivery platform Zippee has raised $1.6 million in a new funding round from New Delhi-based Haldiram Products Pvt Ltd.
Metaverse gaming platform AvatarLife has raised $1.5 million in a seed funding round led by Info Edge Ventures which is the investment arm of Naukari.com parent Info Edge India Ltd.