Week in Review💸 (May 1 - May 6)
Top headlines and funding deals in the startup ecosystem. From the latest trends to the biggest investments with bundle of growth hacks, we’ve got you covered.
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.🛋️
Quick Recap of the Week
OpenAI closes $300 million funding round at $27-$29 billion valuation
Kunal Shah’s NBFC Newtap in talks to raise $50-70 million
Myntra launches fashion portal FWD to tap GenZ shoppers
BharatPe acquires 51% in NBFC Trillion Loans to bolster lending play
Amazon, Samara Capital look to sell 15-20% stake in More Retail
Reliance Jio launched its first virtual reality (VR) headset called the JioDive
TCS to build its own ChatGPT alternative
UPI merchant payments to reach $1 trillion by FY26: Report
Groww completes Rs 175 crore acquisition of Indiabulls’ mutual fund business
Ola, Ather, other EV makers to reimburse cost of chargers to customers
Let’s move on to the top funding deals from the week.
BluSmart Mobility, an EV ride-hailing service and EV charging superhub infrastructure operator has raised $42 million in a Series A2 round.
Logistics provider Xpressbees has raised a $40 million investment from Khazanah Nasional Berhad, the sovereign wealth fund of Malaysia.
Ace Turtle has raised $34 million in its Series B funding round led by Vertex Ventures, SBI Investment, Farglory, Lesing Nine, Stride Ventures, Tuscan Ventures and Trifecta Capital.
Logistics management software startup Pando has scooped up $30 million in a Series B round led by Iron Pillar.
THB, an enterprise healthcare SaaS company, has raised $20 million in growth equity round led by Filter Capital and Edelweiss Discovery Fund Series – I.
Audio Series platform Pocket FM raked in $16 million funding in a debt round from US-based Silicon Valley Bank, a division of First Citizens Bank.
Community marketing SaaS startup Serri has raised $100K from reputed investors from India, Singapore & Japan including Shiru Startups, Rishav Agarwal (founder of Picxele) and Krishnamani Kanan (co-founder of Deliver.sg) and also backed by startup programs from Google, Deshpande Startups & Riidl.
ZestIoT, an IoT and AI-powered aviation platform, has raised $6.5 million in Series A round led by IvyCap Ventures.
I have compiled a Table with all the Funding deals with the amount and Investor information.💰📈
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Thanks for reading till the end!