Week in Review ⚖️ (Mar 04 - Mar 09)
Week in Review ⚖️ (Mar 04 - Mar 09)
Dive into a whirlwind of innovation! This Week in Review unfolds a symphony of tech marvels and funding triumphs – your front-row seat to the future of possibilities.
Hey Rise & Shiners! 🌟
From groundbreaking tech updates that promise to reshape our digital landscape to the dynamic pulse of funding deals, this edition is your passport to the cutting edge.
Let's dive into the tech marvels that dominated the headlines:
Quick Recap of the Week
Chipmaker Nvidia surges past Saudi Aramco, becomes world's third-largest company
Flipkart launches UPI services to counter third-party apps
Bitcoin breaches $68000, nears its all-time high
NODWIN Gaming and JSW Sports join hands to monetize and market gaming
Zepto Pass gets 1 million subscribers within a week of launch
Meta plans first data centre in India to meet growing demand for Reels
Wipro picks minority stake in SDVerse with nearly $6-million investment
Accenture to acquire Udacity in upskilling push
Union Cabinet approves Rs 10,372-crore India AI mission
Flipkart to take on Zepto, Blinkit with quick commerce foray
Let’s move on to the top funding deals from the week.
Funding Deals
Digital lending platform mPokket has raised Rs 500 crore (approximately $60 million) in debt capital from the private credit platform of BPEA Credit, the credit arm of Baring Private Equity Asia.
Identity verification startup IDfy has raised $27 million in a mix of primary and secondary fundraise from Elev8, KB Investment, and Tenacity Ventures.
The Ayurveda Experience (TAE), a direct-to-consumer company focused on Ayurvedic beauty and health products, raised $27 million in a funding round led by Singapore-based venture investment firm Jungle Ventures.
Social media startup Hunch has raised $26 million in a funding round led by Alpha Wave and Hashed Emergent.
Enterprise-grade generative AI startup, Ema has raised $25 million in funding led by Accel, Section 32, and Prosus Ventures.
Rural commerce startup Rozana has raised $22.5 million led by Bertelsmann India Investments (BII) with participation from Fireside Ventures and existing investors.
Information Technology major HCL Group has invested Rs 166 crore to acquire a minority stake in education software company Educational Initiatives (Ei).
Contract manufacturing startup Zetwerk has raised $20 million (about Rs 166 crore) in fresh investments from venture debt and private equity firm Wheelhouse Venture Capital.
D2C skincare brand Foxtale has raised Rs 119.5 crore (approximately $14 million) in a new round from Panthera Growth Partners (PGP), Matrix Partners, and Kae Capital.
B2B construction tech startup BRKZ has raised $8 million in its Series A round co-led by 9900 and BECO Capital, with participation from Aramco’s Wa’ed Ventures, Knollwood Investment Advisory, RZM Investment and MISY Ventures.
Business tools provider for the creator economy, Exly has raised $6.2 million in a fresh round of funding led by Chiratae Ventures.
Wealth tech platform Vijya Fintech Private Limited (VFPL) has raised Rs 7 crore in an angel round bringing the total investment in the company to Rs 15 crore.
AI startup Dubpro.ai has raised $500k in its seed round from Venture Catalysts. Anicut Capital, 9Unicorns, and JJFO, and FirstCheque also participated in the round.
As we close this edition, let's remind ourselves to stay positive, be resilient, and eagerly embrace the opportunities that lie ahead.
The tech world is a canvas of endless possibilities – let's paint it with optimism and innovation.
Here's to Rising & Shining Together!💡
