Week in Review๐ (Oct 23 - Oct 28)
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
Slowest Growth Predicted for Indian IT Firms๐ฉ๐ปโ๐ป
Peak XV Surgeโs Ninth Cohort Focuses on Deep Tech and AI Ventures๐ค
Honasa Consumer Set to Launch โน1,700 Crore IPO๐
Paytm CEO Vijay Shekhar Sharma Launches โน30 Crore Fund for AI, EV Startups๐ก
Anushka Sharma and Virat Kohli Launch New Venture 'Nisarga' in the Events Industry๐๏ธ
Skyroot Aerospace Unveils Vikram-1 Rocket for Satellite Launches๐
Meta India's Gross Ad Revenue Reaches Rs 18,300 Crore in FY23๐ฑ
Reliance Jio Collaborates with Plume to Provide AI-Enhanced In-Home Services๐
Groww Achieves Profitability with 266% Revenue Surge in FY23โจ
Zeptoโs revenue grew 14X to Rs 2,024 Cr in FY23, with losses up by 3X ๐๏ธ
Reliance Jio Launches JioSpaceFiber: India's First Satellite-Based Gigafiber Broadband Service๐
Letโs move on to the top funding deals from the week.
Funding Deals
Ola Electric Secures $385 Mn Funding Round comprising a mix of equity and debt from Temasek and State Bank of India.
India's largest electric bus manufacturer ๏ปฟPMI Electro Mobility๏ปฟ has raised Rs 250 crore in a funding round from Piramal Alternatives, Piramal Group's fund management business.
TMRW, a house of brands venture from the Aditya Birla Group, has invested Rs 155 crore (around $18.5 million) in The Indian Garage Co (TIGC), a D2C fashion brand.๏ปฟ
Inc.5๏ปฟ Shoes, a legacy footwear brand with 25 years of market presence, has raised $10 million in its Series A round led byย Carpediem Capital.
Quick service restaurant chain Wow! Momo has raised Rs 75 crore or $9 million as a part of Series D round from ValueQuest Capital.
Blubirch, a SaaS and AI-based automation-driven reverse supply chain management platform, has raised $6.37 million in a Series A round led by Cornerstone Ventures and Capital2B Fund.ย
Direct-to-consumer (D2C) backpack startup, Mokobara, has recently secured substantial funding of $3.6 million from its existing investors, affirming their confidence in the companyโs potential.
Large language models (LLMs) provider GigaML has raised $3.6 million in seed round led by Nexus Venture Partners, with participation from Y Combinator and Liquid 2 Venture, 8vdx, and angels such as Garry Tan.
Drone startup Garuda Aerospace has raised Rs 25 crore (approximately $3 million) in a bridge round led by Venture Catalysts and WeFounderCircle.
Delhi-based Proost Beer has closed its pre-Series A funding round after raising Rs 25 crore ($3 million) through a mix of equity and debt. T
Manastu Space, a space tech company has raised $3 million in Pre-Series A funding round led by Indian Angel Network.
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