Week in Review ๐ค (Sep 11 - Sep 16)
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
๐ค Relianceโs Jio and NVIDIA Join Forces to Power AI in India ๐ง
๐ PM Modi Advocates Crypto Regulation, Cybersecurity, and Human-Centric AI Governance at G20 Summit ๐ป
๐ Byju's to Sell Epic and Great Learning to Repay $1.2 Billion Loan ๐ธ
๐ณ Razorpay Expands Its Offline Business with BillMe Acquisition ๐๐ผ
๐ฑ Paytm Expanding: Instant Mobile Credit ๐
๐ฐ๏ธ Starlink Nears Entry into India ๐๐ฎ๐ณ
๐ Apple TV+ Arrives on Tata Play Binge ๐บ
๐ข WhatsApp Unveils Broadcast Tool Channels ๐ฒ
๐ US Inflation Hits 3.7% in August ๐บ๐ธ
๐ฑ Indian Smartphone Mandate: NavIC Support Required ๐ฎ๐ณ
๐ค Infosys Inks $1.5 Billion Deal for AI-Powered Services ๐๐ค
Letโs move on to the top funding deals from the week.
Funding Deals
๏ปฟPerfios๏ปฟ, a B2B SaaS fintech startup, has raised $229 millionย in Series D funding round from private equity investor Kedaara Capital through the combination of primary fundraise and a secondary sale.
Leads Connect๏ปฟ, a full-stack agritech startup, has raised Rs 500 crore ($60.2 million) from FMCG company BL Agro Industries Ltd.
India Resurgence Fund (IndiaRF), an India-focused investment platform, has invested Rs 525 crore in Ivy Health and Life Sciences Pvt Ltd (Ivy). Following the investment, IndiaRF has become the majority shareholder of Ivy.ย ย
Kale Logistics has raised $30 million in a Series B funding round led by the private equity fund, Creaegis Advisors.
Paris-based omnichannel eyewear brand Le Petit Lunetier has raised $4 million led by Neso Brands which is a subsidiary of eyewear firm Lenskart.
Hygiene and wellness brand Pee Safe has partially closed its Series B round. The company has announced that it received $3 million out of the total round size of $6 million.
HotelYaari, a platform specializing in fractional ownership of holiday homes and hotel suites, has successfully raised $2.17 million (approximately Rs 18 crore) in seed funding from Alios Ventures.
Bengaluru-based astrology SaaS startup Melooha has raised $635K in an angel funding round led by US-based Streak Ventures LLC and a group of angel investors.ย
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