Week in Review🎆 (Oct 21 - Oct 26)
Catch up on the week's biggest tech advances and funding milestones – your ultimate guide to what’s new and noteworthy!
Hey, Rise & Shine family!
Get set to dive into this week’s tech marvels and funding triumphs.
Let’s explore the latest breakthroughs and celebrate our shared passion for innovation and progress!
Let's dive into the tech marvels that dominated the headlines:
Quick Recap of the Week
Logistics firm Shadowfax eyes $50 million, doubling value to $700 million
8i Ventures earns 12X return on full exit from M2P Fintech
Adar Poonawalla invests Rs 1,000 Cr in Dharma Productions
Deepinder Goyal to enter health and mental fitness space with ‘Continue’
Hyundai Motor India stock debuts at 1.5% discount over issue price
PhonePe crosses Rs 5,000 Cr revenue in FY24; losses dwindle 28.6%
Zomato to raise Rs 8,500 crore via QIP to fight Swiggy Instamart, Zepto
Zomato hikes platform fee on food delivery to Rs 10 during festive season
Mankind Pharma acquires Bharat Serums and Vaccines
Uber India bets big on two and three-wheeler markets; needs push for EV fleet
BlinkIt brings EMI option for orders over Rs 2,999
Ixigo set to acquire 51% stake in train food delivery firm Zoop
Let’s move on to the top funding deals from the week.
Funding Deals
Avaana Capital raises $135M fund for climate and sustainability tech startups.
Temasek, Singapore's sovereign wealth fund, has invested an additional $60 million in Upgrad, valuing the higher education and upskilling startup at $2.25 billion, same as its previous funding round.
AI cloud startup Neysahas secured $30 million in Series A funding co-led by its existing investors NTTVC, Z47 (formerly Matrix Partners India), and Nexus Venture Partners.
Managed care provider Even Healthcare has raised $30 million in a Series A funding round led by Khosla Ventures, with participation from Founders Fund, 8VC, and Lachy Groom, among others. This round brings the company’s total funding to $50 million.
Dairy technology solutions startup Stellapps has raised $26 million in a mix of equity and debt. Existing investors Blume Ventures, Omnivore, Bill & Melinda Gates Foundation, IDH Farmfit Fund, 500 Global (formerly 500 Startups) and Singapore-based Blue Ashva Capital along with new investor Miledeep Capital, with debt funding from the US International Development Finance Corporation (DFC), participated in the funding round.
Health and wellness startup Healthify (formerly Healthifyme) has raised $20 million in a funding round led by Silicon Valley-based Khosla Ventures and LeapFrog Investments.
Zouk, a direct-to-consumer bags and luggage brand, has raised $10 million in its Series B funding round, led by Aavishkaar Group. This round also saw participation from Stellaris Venture Partners, Titan Capital, Sharrp Ventures, and the JJ Family, bringing Zouk’s total funding to $14.5 million.
OLOID, a workplace technology provider, has completed a $6 million Series A1 funding round led by Yaletown Partners, Exposition Ventures, George Kaiser Family Foundation, and Carya Ventures.
As we wrap up this edition, let's reaffirm our commitment to positivity, resilience, and seizing every opportunity.
In the vast canvas of the tech world, let's pick up our brushes and paint a masterpiece of optimism and innovation together.
Here's to Rising & Shining Together! 💡
