Week in Review🏏(Nov 18 - Nov 23)
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
PhonePe, G-Pay lead UPI market share; Navi surpasses CRED to enter top 4
Zepto ramping up café business; eyes Rs 1,000 ARR in next financial year
Zomato leads food delivery with 58% market share in Q1, Blinkit tops quick commerce: Motilal Oswal
65 million viewers: Mike Tyson vs Jake Paul bout gives a KO punch
Actor Ranveer Singh picks up 50% stake in protein food brand SuperYou
Bluesky clocks 20 million users, but yet to catch up with X, Threads
Rapido to soon launch airport pool taxis to Bengaluru airport
Bitcoin breaches $94,000 for the first time
Alibaba integrates ecommerce platforms into a single business unit
Nvidia tops Q3 on strong AI demand, but slowing growth hits stock
Let’s move on to the top funding deals from the week.
Funding Deals
Quick commerce company Zepto has raised $350 million in a funding round led by Motilal Oswal Private Wealth, with participation from notable investors, including Raamdeo Agarwal, the Taparia Family Office, and others. Celebrity investors such as Sachin Tendulkar and Abhishek Bachchan also participated in this round.
Healthkart, a health supplements startup, has closed a $153 million funding round led by ChrysCapital and Motilal Oswal Alternates.
Insurance infrastructure API platform Zopper has secured $25 million in a Series D funding round led by Elevation Capital, Dharana Capital, and Blume Ventures.
Cancer diagnostics startup OneCell Diagnostics has raised $16 million in its Series A round led by Celesta Capital. Tenacity Ventures, Cedars Sinai, Eragon, and Singularity Ventures have also participated in the round.
Electric vehicle (EV) components maker Vecmocon has raised $10 million, led by Ecosystem Integrity Fund (EIF). Existing investor Blume Ventures and British International Investment (BII) also participated in the round.
Accel and Prosus Ventures-backed Web3 gaming startup Kratos Gamer Network (KGeN) raised $10 million (about Rs 84 crore) in a funding round. The fundraise was led by Aptos Labs, which develops Web3 solutions for live service games. Blockchain startup Polygon and esports network Game7 also participated.
Blitz (previously Grow Simplee), a same-day delivery platform for omnichannel sellers, has raised Rs 51 crore in its Series A round led by IvyCap Ventures.
Mayank Bidawatka, co-founder of the vernacular microblogging platform Koo, has raised $4 million for his new consumer tech startup, Billion Hearts, in a funding round led by early-stage venture capital firm Blume Ventures.
Fintech startup CredFlow has raised $3.7 million (about Rs 31.2 crore) in a pre-Series B funding round co-led by two of its existing investors, Inflexor Ventures and a Singapore-based family office.
Dairy startup Doodhvale Farms has raised $3 million in a Series A funding round co-led by Atomic Capital and Singularity Early Opportunities Fund. The round also saw participation from Bharat Founders Fund, Indigram Labs Foundation, and angel investors including Ramakant Sharma, Ankit Tandon, Livspace CEO Saurabh Jain, and Arjun Vaidya.
Proost, a homegrown beer startup co-founded in 2017 by Tarun Bhargava and Vijay P. Sharma, has raised Rs 30 crore in its ongoing Series-A funding round co-led by Chimes Group and Srinivasan Namala. The round also witnessed participation from Hyderabad Angels, The Chennai Angels, and other HNIs.
Bengaluru-based 10-minute food delivery startup Swish has raised $2 million in its maiden funding round, led by Silicon Valley-based venture capital firm Accel.
Bollywood actor Ranveer Singh has picked up a 50% stake in protein food and supplements brand SuperYou for an undisclosed amount.
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! 💡
