Week in Review 🤖 (May 29 - Jun 03)
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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
Ola launches premium, no-cancellation cab service Prime Plus
UPI transactions to account for 90% of retail digital payments by 2026-27: PwC India report
Apple says it needs concrete reason to take down banned betting apps
AI boom, data centres propel Nvidia's market cap close to $1 trillion
Tatas line up over Rs 7,600 crore to fund electronics business
BlackRock slashes edtech major Byju’s valuation to $8.2 billion
RBI to map out bigger global play for Indian payments system
Major players looking at India as next chip-making destination: Ashwini Vaishnaw
Foxconn to start manufacturing iPhones in Bengaluru by April 2024
Ola's Bhavish Aggarwal to enter AI space, registers new company
Let’s move on to the top funding deals from the week.
Funding Deals
Mumbai-headquartered renewable energy company CleanMax Enviro Energy Solutions has raised $360 million in an equity round from Brookfield Renewable through the Brookfield Global Transition Fund (‘BGTF’).
Consumer appliances brand Atomberg has raised $86 million in its Series C funding round led by Temasek and Steadview Capital with participation from Trifecta Capital and existing investors Jungle Ventures and Inflexor Ventures via a mix of primary and secondary transactions.
Capillary Technologies, a loyalty management and customer engagement technology solutions, has announced the closure of its Series D funding round worth $45 million from a consortium of global investors – Avataar Ventures along with its LPs (Pantheon, 57Stars, and Unigestion), Filter Capital, and Innoven Capital.
Homegrown spacetech startup Pixxel has raised $36 million in a series B funding round from new investors such as Google, along with returning investors Radical Ventures, Lightspeed, Blume Ventures, GrowX, Sparta, and Athera.
LaundryMate, an online laundry services startup founded by Bigbasket cofounder Abhinay Choudhary, raised Rs 50 crore ($6.25 million) from Blume Founders Fund and others.
Climate tech startup Newtrace has raised $5.65 million in a seed round led by Sequoia Capital India and Aavishkaar Capital, along with participation from existing investors Speciale Invest and Micelio Fund.
KarmaLife, an earnings-linked financial solutions provider for the gig and blue-collared workforce, has raised Rs 44 crore in an extension to its pre-Series A funding round led by Krishna Bhupal’s family office and existing investor, Artha Venture Fund, amongst others.
I have compiled a report with all the Funding deals with the amount and Investor information.💰📈
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