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Week in Review 🌞 (May 22 - May 27)
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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
Tiger Global may pick up stake in IPL franchise Rajasthan Royals valuing it at $650 million
NPCI leans on bank partnerships to push RuPay credit cards
China's Shein to re-enter India via Reliance Retail
Zomato sees uptick in orders paid with Rs 2,000 notes after RBI order
TCS snags Rs 15,000 crore advance order from BSNL
Good Glamm-backed Sirona Hygiene acquires sexual wellness brand Bleu in all-cash deal
Myntra integrates ChatGPT with search for better product discovery
Nvidia's results spark nearly $300 billion rally in AI stocks
Indian ecommerce market to be split across Flipkart, Amazon, and Reliance: Bernstein
Dream11 founder Harsh Jain elected IAMAI chairperson
Let’s move on to the top funding deals from the week.
Bus tracking and ticketing startup Chalo raised $45 million in a new funding round from Avataar Ventures and existing investors, including Lightrock India, Waterbridge Ventures, and Amit Singhal, Head of Google Search. The startup also raised $12 million in venture debt from Trifecta and Stride Ventures, bringing the total funds raised so far by Chalo to $119 million.
Purplle has closed a $40-50 million funding round, split between primary and secondary transactions, at a flat valuation of $1.1 billion.
Kids’ fashion brand Hopscotch has raised $20 million in a funding round led by Amazon.
Bounce is set to close its latest Series E funding round at $20 million, with participation from existing investor Sequoia CapitalIndia and others.
Infinite Uptime, a provider of predictive maintenance solutions for industrial machinery, has raised $18.85 million as part of what it calls a Series B3 round. led by Tiger Global.
Walko Food’s NIC, an ice cream brand and a quick-service restaurant (QSR) company, has raised $11 million in a growth funding round led by Jungle Ventures.
XFlow, a financial services and infrastructure company that simplifies the cross-border payments experience for businesses, has raised $10.2 million in its pre Series A round. The round was led by Square Peg with participation from Moore Strategic Ventures and existing investors Lightspeed and General Catalyst.
Generative artificial intelligence-based video creation platform Gan.ai has raised $5.25 million in a seed funding round led by Surge.
I have compiled a report with all the Funding deals with the amount and Investor information.💰📈
🙏 The Power of Gratitude (Read here)
😄 The Science of Happiness (Read here)
🌱 Cultivating a Growth Mindset (Read here)
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