Indian AI startups have only raised $700M so far; compared to Americas $19B excluding many companies like Google Deepmind, Databricks etc and then we say why Indians are not innovating?
Top news of the day-
1. Paris-based startup Greenly lands $52M to help smaller companies track CO2 emissions
2. Pelikan Mobility, a French startup, has raised €4 million in a seed funding round to develop a leasing solution for the switch to elect
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Harsh Dwivedi
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Medial • 11m
Top News of the day-
1. Business-to-business procurement marketplace ProcMart has raised Rs 25 crore ($3 million) in its pre-Series B round from Sixth Sense Ventures India.
2. Fintech firm nsave has raised $4m (around INR 32 Cr.) in a seed funding
Top News of the Week:
1. Funding:
- On a weekly basis, startup funding surged 85% to $444 million as compared to around $239.7 million raised during the previous week.
- Deals include 5 growth-stage deals and 14 early-stage deals. Meanwhile, two
Top News of the Day:
1. Elon Musk hits ‘historic first’: $400 billion net worth rocketed by $50 billion SpaceX share sale
2. Cleantech startup SolarSquare raises $40 million in round led by Lightspeed
3. FirstClub of former Cleartrip CEO Ayyappan
Indian startups this Week
1. On a weekly basis, startup funding slipped 71% to $125.13 million as compared to $447.6 million raised during the previous week.
2. Praveen Sharma, senior vice president of business at Paytm’s parent entity One 97 Commu
Top News of the Week:
1. Funding:
- On a weekly basis, startup funding slipped 56.6% to $113.39 million as compared to around $261.21 million raised during the previous week. This is the lowest weekly funding in the last 15 weeks.
- During the wee
Top News of the Day:
1. BigBasket has partnered with Tanishq to offer gold and silver coins to customers for the festive season.
2. Singapore-based startup Zinc, founded by Prashanth Ranganathan, has raised $25.5 million in seed funding.
3. Forme
Top News of the Week
1. Funding:
- Last week, 24 early and growth-stage startups cumulatively raised around $192 million in funding.
- On a weekly basis, startup funding slipped 75.12% to $47.7 million as compared to around $191.71 million raised
Top News of the Day:
1. The Pentagon has added Tencent, a major Chinese social media and gaming company, to its list of Chinese military businesses operating in the U.S.
2. Zomato shares fell nearly 5% after Jefferies downgraded them to "hold" from
Top News of the Week:
1. Funding:
- 25 Indian startups raised around $432 million in funding. These deals count 6 growth-stage deals and 16 early-stage deals while 3 early-stage startups kept their transaction details undisclosed.
- On a weekly b
