Week in Review👒 (Sep 16 - Sep 21)
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
Bajaj Housing Finance share price lists with stellar 114% premium at ₹150 apiece
Amazon, Flipkart annual festive sales to kick off from Sept 27
Amazon selects 7 Indian startups for global accelerator program
Snap unveils fifth-generation of Spectacles, its augmented reality glasses
PhonePe captures 50% UPI market share by value in August
EaseMyTrip invests Rs 90 Cr in two overseas firms; enters medical tourism space
Cabinet approves Chandrayaan-4, Venus Orbiter Mission
Madhuri Dixit buys shares of Swiggy ahead of IPO: Report
Infosys eyes space tech sector with strategic investment in GalaxEye
Astrotalk rides online astrology boom to double FY24 revenue to Rs 651 crore
Let’s move on to the top funding deals from the week.
Funding Deals
SaaS-based digital adoption solution provider Whatfix has scooped nearly $100 million in primary and secondary funding led by Sweet Nectar Investments (Warburg Pincus) and SoftBank.
Application programming interface (API) infrastructure platform M2P Fintech (formerly Yap) has raised Rs 417.5 crore ($50 million) from new investor Taj Investment Holdings.
Employee healthcare platform Onsurity has concluded its $45 million Series B round led by private equity fund Creaegis. The round also saw participation from existing investors, including International Finance Corporation, Quona Capital and Nexus Venture Partners.
Omnichannel diagnostics service provider Redcliffe Labs has raised $42 million in a Series C funding round led by Denmark-based investment firm IFU, which contributed $20 million. Existing investor LeapFrog added $15 million, while the remaining capital came from shareholders HealthQuad and Spark Growth Ventures.
Mobility startup Everest Fleet has raised Rs 251.7 crore (approximately $30 million) in its Series C round from global ride-hailing giant Uber.
Microlending platform Aye Finance has raised Rs 250 crore ($30 million) in a Series G round led by Singapore’s ABC Impact.
Hyperlocal news platform Way2News has raised $14 million in a new round of funding led by existing investor WestBridge Capital, with participation from venture capitalist Sashi Reddi, founder of US-based software testing company AppLabs.
Fintech startup Kaleidofin has raised $13.8 million in a new round led by Rabo Partnerships B.V. Existing backers Michael & Susan Dell Foundation, Oikocredit, Omidyar Network India and Flourish have also participated in the round.
Direct to Consumer (D2C) tech accessories and lifestyle brand DailyObjects has raised Rs 86 crore (more than $10 million) in a new funding round from 360 One Ventures.
California-and Bengaluru-based data infrastructure startup e6data has raised $10 million in a new round of funding led by venture capital firm Accel, with participation from Beenext and others.
Blue collar recruitment platform Vahan.ai has raised $10 million in its Series B funding round led by Khosla Ventures. The round also saw participation from Y Combinator, US-based VC firm Gaingels, and Paytm founder Vijay Shekhar Sharma.
As we wrap up this edition, let's reaffirm our commitment to positivity, resilience, and seizing every opportunity that comes our way.
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! 💡
