Week in Review🃏 (Sep 25 - Sep 30)
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
📊 Groww Set to Overtake Zerodha in Active Investors Count 💥
🎉 OlaMoney Turns Profitable in FY22 with 2.5X Growth 📈
💰 Tax Troubles for Dream11 and Gaming Giants: Rs 55,000 Crores in GST Demands 🎮
🤖 Amazon Pours $4 Billion into AI Unicorn Anthropic 🤝
💡 Flipkart Ventures Powers Up 5 Promising Startups 💼
🖥️ Microsoft Unleashes Windows 11 Update with AI-Powered Copilot🪄
🤖 OpenAI Soars to $90 Billion Valuation in AI Gold Rush💰
🎧 Google Podcasts Bids Farewell in 2024, Merges with YouTube Music👋
🍽️ Grill to Greatness: Barbeque Nation and Toscano Join Forces in Blue Planet Foods🔥
📺OTTplay and DistroTV partner to stream 180 free live channels in India🍿
🚗 Cred Launches Garage: Your Vehicle’s Best Friend! 🧰
🎶 Saregama Strikes a Chord with Pocket Aces Acquisition🃏
Let’s move on to the top funding deals from the week.
Funding Deals
Jewellery e-tailer Bluestone is raising Rs 550 crore from a clutch of high net worth individuals, startup founders and institutional investors.
Doceree, a network of physician-only platforms for programmatic messaging, has scooped up $35 million in a Series B round led by Creaegis. Existing investors Eight Roads Ventures, and F-Prime Capital also participated in the round.
Coffee chain firm Third Wave Coffee has raised $35 million in a Series C round led by homegrown private equity firm Creaegis. Existing investors WestBridge Capital and Udaan’s cofounder Sujeet Kumar have also participated in the round.
Beauty and personal care D2C firm Pilgrim has raised $20 million in Series B funding led by Vertex Ventures Southeast Asia and India. Existing investors Fireside Ventures & Narotam Sekhsaria Family Office also participated in the round.
Bright Money, which allows users to reduce debt, has raised $12 million in an equity funding round led by existing investors Alpha Wave, Hummingbird VC and Peak XV Partners.
Agritech platform Ergos has raised $10 million in a Series B round led by Abler Nordic, a Norway based financial inclusion fund focused on African and Asian markets. The company’s existing investors, Aavishkaar Capital, Chiratae Ventures and Trifecta Venture also poured in some capital.
Private equity firm Paragon Partners has invested Rs 50 crore in Everest Fleet which will be deployed to accelerate the fleet management provider's growth and expansion into new markets.
EV motorcycle startup Raptee has raised $3 million in a pre-Series A round led by deep-tech VC fund Bluehill Capital. The round saw participation from Eugene Mayne, Lakshmi Narayanan, Ramesh Kannan, Kaynes Technology, Chandu Nair, Shankara Building Products, and other HNIs from India and the UAE.
Digital healthcare platform Clinikally has raised $2.6 million in a new round from Y Combinator, Tribe Capital, Goodwater Capital, Sequoia Scout Fund, and Rebel Fund.
Tech-enabled QSR specialty coffee chain abCoffee has raised $2 million in its seed round led by Tanglin Venture Partners. 100X .VC, Panthera Peak, OTP Venture Partners and other angel investors also joined the firm’s maiden round.
Puzzle gaming studio QuriousBit has secured $2 million in its seed funding round led by Lumikai Fund along with participation from General Catalyst.
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