Week in Review ๐ธ (Oct 16 - Oct 21)
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
New Data Law: Age Verification Mandate Creates Waves ๐
Venture Highway Sells Meesho Stake for 50-Times Returns ๐ฐ
Mamaearth's Global Expansion ๐
Jio Financial Services Q2 Profit Soars: โน668.2 Crore ๐
Microsoft and Amazon Forge Historic $1 Billion Cloud Deal๐ผ
Foxconn and Nvidia Collaborate on AI Factories๐ค
X Introduces "Not a Bot" Program to Combat Bots and Spammers๐ค
Swiggy's Valuation Soars to $7.8 Billion According to Invesco๐
PhonePe Reports Strong FY23 Revenue at Rs 2,914 Crore๐ฐ
SoftBank Initiates Stake Reduction in Zomato, Eyes Full Exit๐
Google's Pixel Phones to be Made in India๐ฑ
Letโs move on to the top funding deals from the week.
Funding Deals
Business-to-business e-commerce unicorn Zetwerk for custom manufacturing has raised $120 million led by Avenir Growth Capital but its valuation remained flat in Series F financing round.
Wealth and asset management firm Neo has raised $35 million in a growth investment round from Peak XV Partners.
Fingerprint, a startup that helps developers build security solutions through device intelligence application programming interfaces (APIs), has raised $33 million in a Series C funding round led by Nexus Venture Partners.
๏ปฟVastu Housing Finance๏ปฟCorporationย Limitedย (Vastu) has raised $30 million in a fund raise from Mumbai-based private equity fund ๏ปฟFaering Capital๏ปฟ.
Spacetech startup AgniKul Cosmos has raised Rs 200 crore ($26.7 million) in its Series B round from Celesta Capital, Rocketship.vc, Artha Venture Fund, Artha Select Fund, and Mayfield India.
Leucine, a B2B SaaS platform for pharmaceutical companies, has raised $7 million in a Series A funding round led by Ecolab along with the participation of Pravega Ventures, Axilor Ventures, Techstars and others.
Rooftop solar company Freyr Energy has raised Rs 58 crore ($7 million) led by EDFI ElectriFI, an EU-funded impact investment facility managed by EDFI Management Company.
Showroom B2B, a supply chain platform in the fashion and apparel sector, has raised $6.5 million in a pre-Series A funding round led by Jungle Ventures with participation from Accion Venture Lab, Saison Capital and ICMG Partners.
BharatAgri, an advisory-led e-commerce platform for farmers, has raised $4.3 million (Rs 35 crore) in its extended Series A funding round led by Arkam Ventures.
Fixed-income investment platform Tap Invest (formerly Leaf Round) has raised $2 million in its seed round led by Turbostart.
Tech sports brand Game Theory has raised $2 million in a pre-Series A funding round from a bunch of investors like Nitin Kamathโs Rainmatter, Rohan Bopanna, WEH Ventures, Prequate Advisory and Balakrishna Adiga.
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