Week in Review🍔(Nov 11 - Nov 16)
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
Xerox signs $1 billion IT services deal with TCS and HCLTech
Unicommerce to take on Shiprocket with acquisition of Shipway
Groww expands lead over Zerodha with 12.59 Mn active users in October
Swiggy’s IPO to unlock Rs 9,000 crore in Esop wealth for 5,000 employees
Nykaa Q2 results: Profit jumps 66% YoY to Rs 13 crore; revenue rises 24%
Swiggy delivers best major listing in 10 years
Blackbuck IPO sees 24% subscription on day 1
Boat brings bankers on board for $300-500 million IPO next year
Delhivery swings to profit, revenue up 13% at Rs 2,190 crore
MPL’s Blast to invest in gaming studio XSQUADS
Let’s move on to the top funding deals from the week.
Funding Deals
Unified enterprise AI agent platform UnifyApps has raised $20 million in its Series A funding round, led by ICONIQ Growth, with participation from existing investors, including Elevation Capital.
Edtech startup Bhanzu raised $16.5 million (Rs 139 crore) in a funding round led by venture capital firm Epiq Capital at a valuation of about $120-122 million.
Semi-urban commerce platform Wheelocity has raised $15 million in an extended Series A funding round led by existing investor Lightspeed, with participation from Alteria Capital, Anicut Capital, and the company’s founder.
Electric aircraft startup The ePlane Company has raised $14 million in Series B funding round co-led by Speciale Invest and Antares Ventures, with continued backing from Micelio Mobility, Naval Ravikant, Java Capital, Samarthya Investment Advisors, Redstart (from Naukri), and Anicut.
Equal, a data-sharing and identity verification platform, has raised $10 million in its Series A round led by Prosus Ventures, Tomales Bay Capital, and its founder, Keshav Reddy, at a post-money valuation of $80 million.
Brand protection and authentication solutions provider Ennoventure has raised $8.9 million in Series A funding round led by Singapore-based venture capital firm Tanglin Venture Partners along with participation from existing investors, including Fenice Investment Group and additional SAFE investors.
Houseplants and urban gardening brand Ugaoo has raised Rs 47 crore ($5.6 million) in its Series A funding round led by V3 Ventures, with participation from existing investors DSG Consumer Partners and RPG Ventures.
Homegrown casual gaming studio Funstop Games has raised $5 million in its Series A funding, in a round led by 360 ONE Asset alongside InfoEdge Ventures.
Artificial Intelligence (AI) software platform Thesys has raised $4 million in seed funding led by Together Fund, with participation from 8vc.
BiteSpeed, an AI-powered customer OS for e-commerce brands, has raised $3.5 million in its pre-Series A round led by Peak XV’s Surge. Whiteboard Capital, Gaurav Munjal (CEO, Unacademy), Aakash Anand (CEO, Bella Vita), and Dhruv Vohra (APAC Head, META), amongst others have also participated.
Zeplyn, designed to streamline wealth management workflows, has raised $3 million in a seed funding round led by Leo Capital. The round also saw participation from several angels and VC funds - Converge.
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! 💡
