Week in Review🕸️(Apr 08 - Apr 13)
Ready to explore the latest in tech? This Week in Review brings you a whirlwind of innovation and funding successes – your front-row seat to what's next! 🎉
Hey there, Rise & Shine fam!
Get ready for a journey through the latest tech wonders and funding victories.
Join us on this journey as we explore groundbreaking updates and celebrate our shared passion for growth and innovation.
Let's dive into the tech marvels that dominated the headlines:
Quick Recap of the Week
Amazon takes on India rivals with Bazaar, a low-cost fashion store
Ather launches new family e-scooter ‘Rizta’
Flipkart Singapore parent infuses Rs 1,421 crore in marketplace arm
Ola Cabs to exit international markets this month
Paytm UPI share drops further in March; PhonePe, Google Pay show gains
Elon Musk to meet PM Modi in India: Report
Dehaat joins B2B agrifood companies in launching consumer brand
Blinkit Teams Up with Lenskart for Lightning-Fast Deliveries
Zomato share price extends gains for sixth straight session to a record high
Postman acquires Orbit to expand reach in software developer community
Let’s move on to the top funding deals from the week.
Funding Deals
Aerospike, an IT company specialising in real-time NoSQL data solutions, has secured a $109 million growth capital investment in a funding round led by Sumeru Equity Partners. Existing investor Alsop Louie Partners also participated.
Artificial intelligence startup Symbolica, which develops foundation models to compete with ChatGPT creator OpenAI, announced a $31 million series A funding round led by Khosla Ventures. General Catalyst, Abstract Ventures, and Buckley Ventures also participated in the round.
Sprinto, a compliance automation platform for SaaS companies, has secured $20 million in Series B funding round led by Accel along with participation from existing investors Elevation Capital and Blume Ventures.
Neysa, an AI cloud and platform-as-a-service startup, has secured $20 million in seed funding led by Matrix Partners India, Nexus Venture Partners, and NTTVC.
B2B waste management and recycling marketplace Recykal has raised Rs 80 crore from 360 One Large Fund.
Home improvement firm Arrivae has raised Rs 21 crore from CaratLane founder Mithun Sacheti in an equity round.
Full-stack eyewear platform EyeMyEye has raised Rs 20.8 crore (approximately $2.5 million) in a new tranche as part of its pre-series A round.
Elder care startup Age Care Labs has raised Rs 10.16 Cr ($1.2 Mn) as part of a strategic funding round from private security firm SIS Limited.
Healthcare startup PlatinumRx has raised $800,000 in a seed round from India Quotient, along with participation from several prominent angel investors.
Zulu Defence Systems has raised a $750,000 seed funding round led by Finvolve.
Sportstech platform Hudle has raised Rs 7 crore in its pre-Series A round led by Inflection Point Ventures and Sky Impact Capital. The round also saw participation from Survam Partners and Anay Ventures.
All deals with details ⬇️
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! 💡