Week in Review🏏(Dec 2 - Dec 7)
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
Nazara’s NODWIN expands portfolio with acquisition of Trinity Gaming
PhonePe ends ties with Juspay and other third-party routers
Swiggy expands 10-minute food delivery service Bolt to over 400 cities
Qcomm race heats up: Flipkart eyes 10-minute drug delivery
Nazara invests Rs 196 Cr in five firms including Funky Monkeys Play
Bhavish Aggarwal pledges 1.1% stake in Ola Electric to fund Krutrim AI
Swiggy posts Rs 3,600 Cr revenue in Q2; Instamart contributes 13.6%
JioHotstar domain finally with Mukesh Ambani's Viacom 18
Amazon India acquires Mumbai land worth ₹450 crore from Lodha Group to set up data centres
Bitcoin surges above $100,000
Uber launches boat-hailing service on Kashmir's scenic Dal Lake
Myntra brings quick delivery to fashion, launches 30-minute service
MobiKwik sets IPO price band between Rs 265-279, valuation cut to around $250 million
Let’s move on to the top funding deals from the week.
Funding Deals
Solar energy startup Glow has raised $30 million in a funding round from venture capital firms Framework and Union Square Ventures.
Enterpret, an AI-enabled customer feedback intelligence platform for product development and CX teams, has raised $20.8 million in its Series A round led by Canaan Partners. As part of the funding, Rayfe Gaspar-Asaoka, partner at Canaan Partners, has joined the board.
Orange Health Labs raises $12 million from Amazon Smbhav, others: The round saw participation from existing investors including Accel, General Catalyst, Bertelsmann India Investments and Y Combinator.
Dental essential-focused marketplace Dentalkart has raised Rs 85 crore in its recent funding round co-led by Malabar Investment and Whiteoak.
Pathway, a data company that builds live AI, has raised $10 million in its seed round led by TQ Ventures, with participation from Kadmos and Id4 Menlo Park, California.
Gaming and esports company Nodwin Gaming has received approval of Rs 64 crore in funding from its parent company Nazara Technologies.
Cleantech startup Hygenco has raised Rs 50 crore (approximately $6 million) via non-convertible debentures from Trifecta.
Employee engagement platform AdvantageClub.ai has raised $4 million in its latest funding round led by Axilor Ventures, bringing the company's total funding to $11 million. The round also witnessed participation from AFG Ventures, Prasanna Sarkar, Bytez Ventures, and some of the existing investors.
Men’s sexual wellness brand Bold Care is raising Rs 30 crore ($3.5 million) in a new funding round from venture capital firms, family offices and several individual investors. The Mumbai-based startup previously secured an undisclosed investment in December last year from actor Ranveer Singh, who also joined as a co-founder.
Wealthtech startup ZFunds has secured Rs 25 crore ($3 million) in a new round led by Elevation Capital and participation from PB Fintech group chief executive officer (CEO) Yashish Dahiya, in its first major institutional funding round.
Gurugram-based Wealthtech company ZFunds has raised ₹25 crore in seed funding in a round led by Elevation Capital, with participation from Yashish Dahiya, Co-founder & Group CEO, PolicyBazaar Group.
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! 💡