Week in Review 🎮 (Oct 02 - Oct 07)
Unleash the Power of the Week's Best Bits! From Big Bucks to Bold Innovations, Dive into the Review! 🚀🔍
Hey there, friends!👋🏻
Are you ready to catch up on the latest and greatest in the world of technology?
Let's quickly go through the week's biggest news, including funding deals and updates. Get ready to discover some exciting insights that will pique your interest in the world of tech.
Buckle up, it's going to be a brief but brilliant ride! 🌟🚀
Quick Recap of the Week
💸 UPI Sets New Record: 10 Billion Transactions Again📈
🚀 ISRO Set to Embark on Mangalyaan-2 Mission to Mars🔴
💰 Meta's Bold Move: Ad-Free Experience for a Price 🌐
🚀 Boost for Indian AI Startups: 25,000 GPU Cluster on the Horizon 🤖
🎮 Krafton Launches Incubator Program for Indian Startups🕹️
🌕 Chandrayaan-3's Unexpected Moon Dance: ISRO's Surprise 'Hop Experiment'🛰️
🤝 Slice and North East Small Finance Bank Join Forces in Bold Merger 💼
👗 Ajio Welcomes H&M: Fashion's New Online Odyssey 💃
🎮 Winzo Powers Up in Brazil with $25 Million Investment 💸
🏏 Dream11 Levels Up: Acquires Fantasy Innovator Sixer 🎰
Let’s move on to the top funding deals from the week.
B2B vendor digitisation platform Bizongo has raised about $50 million from its existing investors in a Series E funding round led by Schroder Adveq, a Zurich-based private equity firm.
E-commerce roll up company Mensa Brands has picked up $40 million in a debt round from EvolutionX.
EV infrastructure and software company Bolt.Earth has raised $20 million from Union Square Ventures, Prime Venture Partners and ITIGO Funds, among others.
Aampe, an AI-native user engagement platform, has raised $7.5 million in a pre-Series A round led by Matrix Partners India and Peak XV Partners.
Open source observability platform SigNoz has raised $5.4 million in a fresh funding round led by SignalFire. It also saw participation from Uncorrelated Ventures, Alumni Ventures and a host of angels including GitHub co-founder Tom Preston-Werner.
Linen management firm Quick Smart Wash (QSW) has secured $5.15 million in a Series B round led by Japan-based Elan Corporation.
Fintech startup DPDzero has raised $3.25 million in its seed round led by Blume Ventures and IndiaQuotient. Sunil Gulati and Nikhil Kumar have also joined the round.
ClearFeed, a conversational support platform for enterprises, has raised $2.7 million in a seed round led by Peak XV’s Surge with participation from 8VC and other angels.
Artificial intelligence (AI) startup Induced has raised $2.3 million in a seed funding round led by ChatGPT-maker OpenAI’s CEO Sam Altman and Indian venture capital fund Peak XV Partners (formerly Sequoia India and SEA).
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I apologize for the late newsletter. I had a minor accident this morning. Thanks for being a member of the R&S Community.🤗