Week in Review 🖼️ (May 20 - May 25)
Ready to explore the latest in tech? This Week in Review brings you a whirlwind of innovation and funding successes – your front-row seat to what's next! 🎉
Hey there, Rise & Shine fam!
Get ready for a journey through the latest tech wonders and funding victories.
Join us on this journey as we explore groundbreaking updates and celebrate our shared passion for growth and innovation.
Let's dive into the tech marvels that dominated the headlines:
Quick Recap of the Week
Meta’s Plan To Win AI Race: Give it’s tech away free
Microsoft unveils AI-enhanced ‘Copilot’ PCs to compete with Alphabet, Apple
Upstox forays into insurance distribution
Pine Labs receives Singapore Court nod to shift base to India
Offline stores are trending as new set of D2C firms emerge
Paytm posts Rs 2,267 Cr revenue in Q4 FY24; remains EBITDA profitable
Virat Kohli-backed Go Digit debuts at 5% premium over the IPO price
Oyo shelves IPO; private funding may cut value by 74%
Mamaearth parent Honasa Consumer revenue is up 21% for the March quarter
Noise acquires AI-focused women’s wellness startup SocialBoat
Let’s move on to the top funding deals from the week.
Funding Deals
Financial services platform Navi Finserv has raised Rs 150 crore through the issue of non-convertible debentures (NCDs) from six individual investors including top brass of Dadachanji Group.
Managed accommodation provider Stanza Living has raised Rs 110 crore ($13 million) in a bridge round led by Alpha Wave.
UnifyApps has raised $11 million in its seed round led by Elevation Capital, along with participation from the founders and angel investors.
Non-Banking Finance Company (NBFC) Varthana has raised $3 million (Rs 27 crore) in funding from Triodos Investment Management through non-convertible debentures (NCD).
Bengaluru-based startup NoPo Nanotechnologies has secured $3 million in its pre-Series A co-led by deep tech funds Axilor’s Micelio Fund and Inflexor Ventures.
Digital fitness and wellness technology startup Portl has raised $3 million in a new round led by Bharat Innovation Fund.
Fintech startup ProsParity has raised $2 million in its pre-seed round from global institutional investors such as BEENEXT, Sparrow Capital, All In Capital, DeVC, and Huddle Ventures.
SuperKalam, an AI-led personal mentor for students preparing for competitive exams, has raised $2 million in its seed round led by Y Combinator and Fundersclub.
As we wrap up this edition, let's reaffirm our commitment to positivity, resilience, and seizing every opportunity that comes our way.
In the vast canvas of the tech world, let's pick up our brushes and paint a masterpiece of optimism and innovation together.
Here's to Rising & Shining Together! 💡
