Week in Review ๐ฐ๏ธ (Oct 09 - Oct 14)
Unleash the Power of the Week's Best Bits! From Big Bucks to Bold Innovations, Dive into the Review! ๐๐
Hey there, friends!๐๐ป
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! ๐๐
Quick Recap of the Week
๐ผ Reliance General Insurance Faces โน922 Crore GST Heat ๐ฅ
โ๏ธ Aditya-L1 Soars Toward the Sun-Earth L1 Point ๐
๐ฎ Gaming Influencers Cash In Big During Festive Frenzy ๐
๐ Ather Energy's Electric Odyssey Continues Nepal Beckons ๐ต
๐ India's Space Economy Set to Skyrocket! ๐ฐ๏ธ
๐ฐ๏ธ Amazon Eyes Indian Skies for Satellite Broadband โจ
๐ฝ๏ธ Indian Food Delivery Thrives: 10% Growth in Q3 Anticipated๐ฎ
๐ฎ Govt Rakes in โน600 Cr from Online Gaming๐ฒ
๐ฅ Pro Kabaddi League: Bigger, Better, Bolder ๐
๐ Groww Triumphs! India's Leading Stockbroker ๐ฅ
๐ Kareena Kapoor Khan Ventures into Korean Beauty ๐
๐ Bhashini Expanding Linguistic Inclusion in Payments ๐ฃ๏ธ
Letโs move on to the top funding deals from the week.
Funding Deals
Crossborder neobank Zolve has raised $100 million in a warehouse debt facility from US-based impact investor Community Investment Management (CIM).
Insurance marketplace InsuranceDekho has raised $60 million in its ongoing Series B funding round from Japanese financial services major Mitsubishi UFJ Financial Group, BNP Paribas Cardif and Beams Fintech.
Bhavish Aggarwalโs artificial intelligence firm Krutrim SI Designs has received $24 million debt from Matrix Partners.
Employee healthcare platform Onsurity has raised $24 million in a Series B funding round led by the International Finance Corporation (IFC). Existing investors Nexus Venture Partners and Quona Capital also participated in the round.
Gold loan platform Oro Money has secured Rs 105 crore or $12.5 million approximately from Singularity Ventures, Three State Capital and existing investors PI Opportunities Fund and 021 Capital also took part.
Software provider for IT management services SuperOps.ai has raised $12.4 million in a funding round led by existing investor Lee Fixelโs Addition and new investor March Capital.
Eldercare platform Age Care Labs, which includes technology platform ๏ปฟEmoha๏ปฟ and care home chain for the elderly with dementia, Epoch, has raised $11 million in a pre-Series B round led by venture capital firms ๏ปฟRainmatter Capital๏ปฟ and ๏ปฟGruhas๏ปฟ.
Shiprocket has raised Rs 90.7 crore or $11 million in an extended Series E round from McKinsey through its investment arm AFOS LLC.
Tata Capital Healthcare Fund IIโTata Group's private equity fund focused on growth-stage healthcare companiesโhas pumped in $10 million in Indiaโs second-largest dialysis chain, Apex Kidney Care (AKC), for an undisclosed stake.
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