Week in Review🍹(Mar 25 - Mar 30)
Week in Review🍹(Mar 25 - Mar 30)
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
BharatPe sees 77% surge in merchant onboarding business amidst Paytm's payments bank troubles
Adam Neumann offers to buy back WeWork for over $500 million
Canva strikes biggest acquisition yet in chase to take on Adobe
Myntra turns Ebitda positive aided by rising user base, brand tie-ups
Amazon invests $2.75 billion in ChatGPT-rival Anthropic, takes total investment to $4 billion
Google in talks to buy plot in Navi Mumbai for maiden India captive data centre
First Ambani-Adani pact: RIL picks 26% stake in Adani Power's MP project
Honasa Consumer targets Gen Z with colour cosmetics brand Staze
Gautam Adani infuses ₹6,661 crore to boost stake in Ambuja Cements to 66.7%
Let’s move on to the top funding deals from the week.
Funding Deals
Mumbai-based Avanse Financial Services Ltd, an education-focused non-banking financial (NBFC) company, has raised Rs 1,000 crore in a funding round led by Abu Dhabi-based Mubadala Investment Company and Avendus PE Investment Advisors Private Limited through its fund Avendus Future Leaders Fund II.
Non-bank lender Ambit Finvest has raised Rs 690 crore from a Japan-based Daiwa Securities Group and other existing investors.
Mohalla Tech, the parent entity of the vernacular social media platform ShareChat and short video entertainment app Moj, has raised around $49 million in debt from existing investors.
Chennai-based education firm Veranda Learning has raised Rs 425 crore in debt funding through non-convertible debentures (NCDs) from BPEA Investment Managers Private Limited (BPEA Credit).
Skyflow, a software service provider that stores user data for companies, has raised $30 million to extend its Series B funding round. Khosla Ventures and existing investors Mouro Capital, Foundation Capital, and Canvas Ventures led the round.
Gurugram-based non-banking financial company (NBFC) Aye Finance has secured €15 million ($16.2 million) in debt funding, or approximately Rs 137 crore, from German impact investor Invest in Vision's private funds including IIV Mikrofinanzfonds.
New generation microfinance firm Sindhuja Microcredit has raised $14.5 million (Rs 120 crore) in its Series C round from GAWA Capital (through its vehicle Huruma Fund) and Oikocredit.
SubKo Coffee has raised Rs 85.10 crores (around $10 million) in a Series B funding round. Notable existing investors that subscribed via rights issue include Pallavi and Srinivas Dempo, Jay Mehta, Gauri Khan Family Trust, and John & Priya Abraham.
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! 💡
