Week in review 🎬 (Mar 20 - Mar 25)

A quick look at the week's top stories. Stay informed and stay ahead of the game by keeping up with the latest developments in the Indian startup world.

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Start your day, the smart way!

Daily Mail with a quick wrap of tech highlights and growth strategy that you can read in 2 mins!

"Don't go back to less, just because you're too impatient to wait for the best."

The quote suggests that we should not settle for something inferior or suboptimal just because we are unwilling to wait for something better. It is a reminder that impatience can lead us to make hasty decisions that we may later regret. The quote encourages us to have patience and persistence in pursuing the best outcomes, rather than settling for less than what we truly desire.

Quick Recap of the Week

➡️ Monday

• ChatGPT Plus subscriptions launched in India🤖

• Microsoft’s big AI push: Bing gets better, Edge gets an edge🌐

• Amazon begins due diligence to buy MX Player📺

➡️ Tuesday

• PhysicsWallah developing products to enter K-12 segment👩🏻‍🏫

• Park funds in well-capitalized Indian banks, Blume Ventures to portfolio firms🏦

• 'Negative list' for data transfer in works: IT MoS📃

➡️ Wednesday

• Google begins opening access to ChatGPT competitor Bard🤖

• BharatPe acquires NBFC Trillion loans💸

• Smartphone exports top $2 billion in first two months of 2023📱

➡️ Thursday

• Adobe launches generative AI model Firefly🔥

• Ola Electric in talks to raise $250-300 million in fresh funding round🛵

• Average smartphone selling price in India up 18% in 2022📈

➡️ Friday

• Ashneer Grover launches fantasy sports app Crickpe🏏

• Tata Group looks to inject $2 billion into super-app Neu💸

• Hindenburg takes aim at Dorsey's payments firm Block, shares plunge📉

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

Funding Deals

• PhonePe has raised an additional $200 million in primary funding from Walmart at a pre-money valuation of $12 billion.

• Electric two-wheeler maker Kabira Mobility has secured $50 million (around Rs 412 crore) funding from Qatar-based Al-Abdulla Group.

• EV charging startup Charge+Zone has raised $54 million in its Series A1 funding round, comprising debt and equity led by BlueOrchard Finance.

• Self-drive car rentals platform, IndusGo bagged funding of Rs 100 crore from the parent company, Indus Motors.

• Noida-based SaaS platform for hostels, Fretbox has raised a Pre-Seed of Rs 10 million funding round led by JSS STEP and India Accelerator, with participation from a group of angel investors.

• Air retailing and payments platform Mystifly has secured $8 million in its pre-Series B funding round led by Corner Venture Partners.

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