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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 basis, startup funding jumped 186% to $432.09 million as compared to around $151.18 million raised during the previous week. - 6 startups raised $350 million in funding this week. Hospitality platform Oyo spearheaded its $175 million worth Series G round. - Electric scooter manufacturer Ather Energy raised $71 million to join the unicorn club followed by wealth and asset management firm Neo, wealthtech startup Syfe, trade credit infrastructure platform Vayana, and payment gateway and point of sales (PoS) provider Innoviti with $48 million, $27 million, $20.5 million, and $8.5 million in funding, respectively. - 16 early-stage startups secured funding worth $82.09 million during the week. Electric vehicle maker Kinetic Green led the list followed by Electric scooter manufacturer Fresh Bus, D2C home, kitchen, and personal care brand Beco, e-mobility startup Kazam, and Healthcare startup 4baseCare among others. - 3 startups that did not disclose the funding amount raised are; Adukale, CricHeroes, and Flam. 2. Top hirings and exits: - 5 key hirings took place this week including Amrit Singh, Henrik Aslaksen, Balaji Prasanna by Lighthouse Canton, Akanksha Srivastava Byrnes by Vahdam India, and Vinod Dasari by Zetworks. - Freshworks’ chief product officer, Srinivasagopalan Ramamurthy left the firm. 3. M&A: - As many as 4 merger and acquisition deals were witnessed this week. Agritech firm Jai Kisan acquired Kushal Finnovation Capital, Veefin took over Nityo Tech, OYO acquired Checkmyguest, and Radio Mirchi’s parent ENIL purchased Gaana.com. 4. Other Developments: - Zepto to raise $340 Mn a $5 Bn valuation - Unpacking Oyo’s profitability and its financial position in FY24 - True Balance’s profit zooms over 2X to Rs 138 Cr in FY24 - Nykaa profits spike over 50% in Q1 FY25; invests Rs 265 Cr in Dot & Key - Awfis posts Rs 257 Cr revenue in Q1 FY25, improves profits - Ola Electric reports Rs 1,644 Cr revenue in Q1 FY25; losses fall 17% - TBO reports Rs 418 Cr revenue and Rs 61 Cr profits in Q1 FY25 - Yatra profits plunges 27% in Q1 FY25; revenue continues to fall - EaseMyTrip posts Rs 152 Cr revenue and Rs 34 Cr profit in Q1 FY25 - MapMyIndia posts Rs 35.8 Cr profits in Q1 FY25 - PhonePe and G-Pay dominate UPI volume in July; Navi sees 2X spike - Ecom Express, ArisInfra, and Smartworks next to launch IPO, files DRHP - To cut costs, Byju’s shuts half of tuition centers: Report - Unicommerce and FirstCry’s IPOs list at 118% and 40% premium - Shadowfax and OfBusiness are planning to launch an IPO soon - RBI clamps down on P2P lending irregularities - Paytm fined Rs 47.12 lakh for stamp duty non-payment Stay Updated. Stay Informed. Stay Ahead. Share the Medial App with your network, colleagues, and friends. Let's brainstorm, discuss together and help each other achieve our goals. And don't forget to rate us on the iOS App Store and Google Play Store to help us reach even more amazing people like you.