Week in Review 🎞️ (May 15 - May 20)
Week in Review 🎞️ (May 15 - May 20)
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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.🛋️
Quick Recap of the Week
BYJU'S raises debt of $250 million from US investment firm Davidson Kempner
OpenAI readies new open-source AI model: report
Cred lays off about 15% of staff at expense management unit Happay
Foxconn breaks ground for Rs 4,000 crore manufacturing facility in Hyderabad
Zomato rolls out its own UPI offerings with ICICI Bank
PhonePe's ONDC app Pincode now completing 5,000 orders a day
Elon Musk Acquires Hiring Platform Laskie, Makes First Acquisition for Twitter
Amazon's cloud unit to invest $12.7 billion in India by 2030: AWS CEO Adam Selipsky
SaaS startup Whatfix hits $50 million annual recurring revenue
Flipkart posts double-digit growth in sales, PhonePe crosses $1 trillion in transactions processed
Thrasio gives up control in India’s Lifelong, founders take 60% stake
Let’s move on to the top funding deals from the week.
Funding Deals
Agilitas Sports has managed to raise over $50 million led by Convergent Finance LLP.
Data analytics and artificial intelligence (AI) solutions company Course5 Intelligence has raised $28 million from 360 ONE Asset Management.
Nodwin Gaming has secured $28 million in equity investment from five investors, including parent Nazara Technologies, PUBG creator Krafton and digital entertainment company JetSynthesys.
Gaming and esports content platform Rooter has raised $16 million in a growth round led by Lightbox.
Men-focused premium innerwear and lifestyle brand XYXX has raised $13.5 million in a Series C round led by Amazon Smbhav Venture Fund.
e-con Systems, an embedded vision products and solutions company, has secured more than Rs 100 crore ($13 million) in funding from GR 2022 Holdings Inc, headed by Radhakrishnan Gurusamy, to expand its operations in the US and other countries.
Cross-border logistics platform Agraga has raised Rs 70 crore ($8.5 Mn) in its Series A round led by IvyCap Ventures with participation from Alteria.
Sales platform RevenueHero has raised $5.1 million in a Pre-Series A funding round led by Stellaris Venture Partners, as well as existing investor Together Fund.
Locofy.ai, a front-end development acceleration platform has raised $4.25 million in its second seed-stage round of funding led by TPG Capital-backed private equity firm Northstar Ventures.
PYOR (Power Your Own Research) has raised $4 million in its seed round led by cyrpto asset venture firm Castle Island Ventures.
Corporate sustainability platform StepChange has raised over $4 million in its seed round of funding led by BEENEXT and Global Founders Capital.
I have compiled a report with all the Funding deals with the amount and Investor information.💰📈
Amazing Reads
🤝🏻 The Art of Negotiation: Strategies for Successful Outcomes (Read here)
🗣️ Communication Skills for Success (Read here)
🌐 Art of Networking: Building Professional Relationships (Read here)
🙏 The Power of Gratitude (Read here)
😄 The Science of Happiness (Read here)
🌱 Cultivating a Growth Mindset (Read here)
🎨 Unlocking Your Creative Potential (Read here)
🕰️ Time Management Strategies for Productivity (Read here)
🏆 Goal Setting and Achievement (Read here)
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