Week in Review⛄(Dec 16 - Dec 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
Swiggy launches ‘Scenes’ app for live events to rival Zomato’s District app
Elon Musk Hints At Possible Gmail Rival, Xmail
Airbus leases 650,000 sq ft office in Bengaluru for 10 years for GCC
Nvidia’s Jensen Huang is the third-highest net worth gainer, after Elon Musk and Mark Zuckerberg in 2024
Mobikwik shares pop 58% on stock market debut; market cap tops Rs 3,870 crore
Ola pilots 10-minute food delivery starting from Bengaluru
Magicpin to deliver food in 15 minutes
Country Delight enters the quick commerce fray
MobiKwik shares skyrocket 14%, rally extends to second day
Ixigo takes on MMT with trip guarantee feature for train travelers
PhysicsWallah converts to public entity ahead of 2025 IPO
Micromax, Phison Electronics form JV to develop storage chips
Infosys, TCS, Wipro to HCL Tech: IT stocks rise after strong Accenture earnings
Let’s move on to the top funding deals from the week.
Funding Deals
Risk intelligence platform Bureau has raised $30 million in Series B funding, led by Sorenson Capital. The round also witnessed participation from PayPal Ventures, along with existing investors including Commerce Ventures, GMO Venture Partners, Village Global, Quona Capital, and XYZ Ventures.
Nuvama Wealth & Investment Limited, formerly known as Edelweiss Securities, has purchased shares worth ₹100 crore in Oravel Stays Limited, the parent company of OYO, at a price of ₹53 per share through a secondary market deal.
Bizom, a retail intelligence platform that optimizes distribution processes for retail brands, has raised $12 million in its Series B round led by Pavestone, which contributed $7.5 million, alongside participation from IndiaMART, an existing investor, and other family offices.
Learning-focused OTT platform Seekho has raised $8 million in its Series A round, with Lightspeed leading the investment, according to a LinkedIn post by the company’s founder and CEO, Rohit Choudhary.
Intercity mobility startup ZingBus is raising Rs 59 crore (approximately $7 million) led by BP Technology Ventures.
Supply chain fintech startup QuiD Cash has raised $4.5 million (around Rs 38.23 crore) in its pre-Series A round from a host of angel investors, including Piyush Jain and existing backer MINTCAP.
Prop-tech startup Inkers Technology has raised $3 million in its Series A funding round led by Ashish Kasholia from Lucky Investments.
AI-focused healthtech startup Confido Health has $3 million in its seed round led by Together Fund. The round also saw participation from MedMountain Ventures, Rebellion VC, DeVC, Operators Studio, and strategic healthcare operators.
Rooftop solar startup Zunroof has raised Rs 20 crore (approximately $2.3 million) from ANBG Enterprise LLP (Godrej Family Office) and with a small contribution from Ravindernath Chadha.
Photonic quantum technology startup Quanfluence has raised $2 million in a seed funding round led by pi Ventures, along with participation from Golden Sparrow, Reena Dayal, and others.
AI meeting assistant for wealth management firm Mili has raised $2 million in its seed round led by Chiratae and BoldCap with participating investors Sparrow Capital, SFMG Wealth Advisors, Gregg Fisher (Quent Capital), and Better Capital.
As we wrap up this edition, let's reaffirm our commitment to positivity, resilience, and seizing every opportunity.
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! 💡
