Week in Review⚡ (Sep 18 - Sep 23)
Unleash the Power of the Week's Best Bits! From Big Bucks to Bold Innovations, Dive into the Review! 🚀🔍
Hey there, friends!👋🏻
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! 🌟🚀
Quick Recap of the Week
🛵 Ola Reintroduces Electric Bike-Taxis in Bengaluru 🌟
📡 Jio AirFiber Launched on September 19: Get Ready for Lightning-Fast Internet! 🌐
🌞 Aditya-L1 has begun collecting scientific data: ISRO 🛰️
🚀 Zomato Rockets to a 52-Week High, Nearing $10.7 Billion M-Cap!🍔
🤖 Google Enhances AI Chatbot Bard with App Integration 📱
🏰 Disney in Talks with Reliance for Future of India Business 📺
🌕 ISRO Awaits Moon's Sunrise to Revive 'Vikram and Pragyan'🚀
📲 WhatsApp Teams Up with Razorpay and PayU for In-App Shopping in India 🛒💳
📜 Data Protection Board to be Established in 30 Days 🇮🇳
🛡️Big Four Bet Big on AI: Powering the Future of Business 🧮
🌐Cisco Sets Sights on Splunk in Mammoth $28 Billion Deal🔒
🖼️ OpenAI unveils its latest text-to-image generation model, DALL-E 3 with integration to ChatGPT 🎉
Let’s move on to the top funding deals from the week.
Funding Deals
A provider of contextual codeless AI (artificial intelligence) infrastructure startup Pixis (formerly Pyxis One) has raised $85 million in its Series C1 funding round. The round was led by Touring Capital and brings the company's capital raised to $209 million.
Audio content platform Kuku FM has scooped up $25 million in its Series C round co-led by The Fundamentum Partnership and International Finance Corporation (IFC), with participation from Vertex Ventures.
Social gaming and live-streaming platform Eloelo has raised $22 million in a pre-Series B round.
Online visa application platform Atlys has raised $12 million in a Series A round led by Elevation Capital and Peak XV Partners (formerly Sequoia Capital India).
Digital identity creator for frequent shoppers Flash has raised $6.7 million in a pre-Series A investment round led by Blume Ventures and existing investor PeerCapital.
An MSME-focused financial institution Seeds Fincap has raised Rs 50 crore or $6 million in its Series A1 round from Lok Capital, of which the first tranche of Rs 32 crore has been closed.
A direct-to-consumer brand, The Good Bug, focused on gut health, has secured $3.5 million in Series A funding, led by Fireside Ventures, an early-stage consumer sector-focused venture capital fund.
Equity and shareholder management platform EquityList has raised $2.2 million in seed funding from AngelList India, Hustle Fund, Republic, Unpopular Ventures, Mana Ventures, Riverwalk Holdings, and Super Capital.
Offline, a private members’ community for tech founders and CEOs for India, has raised $2 million from a clutch of angel investors including Groww’s Lalit Keshre, Razorpay’s Harshil Mathur and Shashank Kumar, Xiaomi’s Hong Feng and Alvin Tse, Ultrahuman cofounders Mohit Kumar and Vatsal Singhal, in addition to cofounders of startups such as Shiprocket, Polygon, Park+, Fashinza, GoKwik, Mosaic Wellness and others.
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