Week in Review 🌦️ (Nov 27 - Dec 02)
Unleash the Power of the Week's Best Bits! From Big Bucks to Bold Innovations, Dive into the Review! 🚀🔍
Dear Rise & Shine Community,
Welcome to the Saturday edition of Rise & Shine—a recap of a week filled with optimism, opportunities, and mindful living. 🚀
Today's newsletter is a special edition where we revisit the highlights, including the top news and funding deals of the week.
Quick Recap of the Week
Tata Electronics Powers Up Expansion Plans for iPhone Unit in Hosur📱
Berkshire Hathaway Bids Adieu to Paytm with ₹507 Crore Loss 📉
RBI Pioneers Global CBDC Talks with US, Hong Kong, and SWIFT 💱
TCS and AWS Join Forces to Pioneer Generative AI Practice💡
Olympic Champion Neeraj Chopra Invests in OTT app Stage📺
India mobile manufacturing worth $44 billion, exports $11 billion: IT Min📱
BharatPe turns EBITDA positive for the first time💸
HCL Nearing Deal for $400 Million OSAT Facility in Karnataka💻
Swiggy's Food Delivery Surges 17% to $1.43 Billion in H1 FY24🍔
Tata Tech soars 163%, registers highest listing gain in two years📊
Elon Musk lashes out at advertisers who left X over antisemitic content📺
Let’s move on to the top funding deals from the week.
Electric bicycle maker EMotorad raised Rs 164 crore in a funding round led by growth-stage venture capital firm Panthera Growth Partners. The funding round also saw participation from startup scaling firm xto10x, venture debt fund Alteria Capital, and existing investor Green Frontier Capital.
Omnichannel payment solutions provider PhiCommerce has raised $10 million as part of its Series A1 round led by BEENEXT with participation from Opus Ventures.
TV Mohandas Pai's Aarin Capital-backed UC Inclusive Credit (UCIC) has raised $8 million in equity from Singapore-originated Insitor Partners as it plans to expand its business of financing to startups.
Innovist, the parent company of consumer brands such as Bare Anatomy and Chemist at Play, has raised $7 million in a Series A funding round led by Amazon Smbhav Venture Fund.
Fintech startup GrowXCD Finance has secured Rs 50 crore ($6 million) in a Series A funding round led by Lok Capital, of which the first tranche of Rs 30 crore has been closed.
Gurgaon-based health-tech startup Zyla Health has raised $4 million in its Series A funding round led by Exfinity Venture Partners.
Cross-border logistics firm ShipGlobal has raised $2.5 million in funding from early-stage venture capital firm Info Edge Ventures.
Elivaas, a tech-driven villa and luxury apartment management company, has raised $2.5 million in its seed round led by Peak XV Partners’ Surge.
Thank you for being a cherished part of the Rise & Shine community. Let's continue this journey together, embracing positivity and mindfulness every step of the way.
Wishing you a weekend filled with joy and reflection!