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Top News of the Week: 1. Funding: - During the week, 31 Indian startups raised around $490.32 million in funding. These deals count 7 growth-stage deals and 19 early-stage deals while 5 startups kept their transaction details undisclosed. - On a weekly basis, startup funding tripled and went up 239.42% to $490.32 million as compared to around $144.46 million raised during the previous week. - Among the growth-stage deals, 7 startups raised $443.8 million in funding this week. Quick commerce brand Zepto spearheaded with a $340 million Series F round. - Specialty coffee retailer Blue Tokai Coffee raised $35 million followed by lending firm Yubi, agri-inputs platform AGRIM, post-sales service firm Servify, beauty and personal care D2C firm Pilgrim, and Robotics startup Miko with $30 million, $17.3 million, $10 million, $9 million, and $2.5 million in funding, respectively. Swiggy also raised undisclosed funding this week from Amitabh Bachchan’s Family Office. - Further, 19 early-stage startups secured funding worth $46.52 million during the week. Full stack marketplace for resale home HouseEazy led the list followed by conversation intelligence platform Convin, energy storage solutions startup Clean Electric, fintech firm Finarkein Analytics, and edtech startup Kreedo among others. - 4 startups that did not disclose the funding amount raised are; Metaman, Better Nutrition (Greenday), BiUP Technologies, and OneMoney. 2. Top Hirings: - Sumer Juneja, formerly with Softbank, has joined OYO as a non-executive director. - Swiggy Instamart onboarded former Flipkart executive Amitesh Jha as CEO - Medikabazaar appointed Dinesh Lodha as the Group CEO, Sukoon Health onboarded - Dr. Vipul Rastogi as Clinical Regional Head, and 3i Infotech hired Raj Ahuja as CEO. - Evera and Zalon appointed Saurabh Kumar and Abhiishekk Rakj Pandey respectively as their Independent Director and Co-founder and CEO. 3. Mergers and Acquisitions: - VerSe Innovation, the parent company of Dailyhunt and Josh, has acquired Valueleaf Group, a digital marketing firm. In the SaaS space, Browserstack has acquired Bird Eats Bug, a bug detection and reporting platform, for $20 million. ANSR, a business consulting company, has acquired hrEntries, an HCM platform, to strengthen its global team management capabilities. - Yudiz Solutions, a listed blockchain and IT development company has acquired a majority stake in ABCM App Private Limited, a consultancy and technology solutions company. In the FMCG sector, GRM Overseas has acquired a 44% stake in Rage Coffee, a D2C food and beverage brand. 4. Shutdown - My Tirth India, a spiritual tech startup, has announced its closure due to a funding crisis. This is surprising given the growing popularity of the spiritual tech sector. - Bharti Airtel has decided to discontinue its music streaming app, Wynk Music, although it will retain the employees involved. 5. Other Developments: - OPEN launches Bharat Billpay for business - Zoho forays into payment space with the launch of a payment gateway - BharatPe ventures into the consumer payments space - CarDekho Group partners with SaaS platform BiUP Technologies - Eruditus to raise $150 Mn at $2.3 Bn valuation - Rebel Foods posts Rs 1,420 Cr revenue in FY24; losses down by 42% - Square Yards posts Rs 261 Cr revenue in Q1 FY25; projects Rs 1,500 Cr in FY25 - CaratLane crosses Rs 3,000 Cr revenue in FY24; remains profitable - Customer conversation platform Exotel suffers data breach - BigBasket to completely pivot to quick commerce - Amazon India to enter quick commerce - D2C meat delivery startup Zappfresh files DRHP - Ola Electric’s products to hit ONDC next week - Infra.Market lined up 8 investment banks for its $700 Mn IPO: Report - Moglix initiates next-day delivery to join the rapid delivery bandwagon 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.