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Top News of the Week: 1. Funding: - 21 Indian startups raised around $92.63 million in funding. These deals count 4 growth-stage deals and 12 early-stage deals while 5 startups kept their transaction details undisclosed. - 4 startups raised $33.58 million in funding this week. Agriculture supply chain firm Waycool spearheaded a $12 million debt funding round. - Fintech startup Basic Home Loan raised $10.6 million followed by D2C millet-based snack brand Troo Good and lending startup True Balance with $8.6 million and $2.38 million in funding, respectively. - 12 early-stage startups secured funding worth $59.05 million during the week. Chemical manufacturing platform Mstack led the list followed by sports tech platform Str8bat, furniture retailer Furnishka, mental health startup LISSUN, and tech-enabled EV mobility platform ZEVO among others. - Digilogic Systems India (DSPL), Aikenist, SanchiConnect, Garuda Aerospace, and Sugar.fit also raked in funding but did not disclose the transaction details. For more information, visit TheKredible. - On a weekly basis, startup funding dwindled 80% to $92.63 million as compared to around $461 million raised during the previous week. 2. Top hirings and departures: - The startup ecosystem witnessed eight notable key hirings this week. Vishal Mehta joined Rediff.com as a Chairman and MD - MediBuddy hired Nijil George, Ferns N Petals onboarded Gaurav Sharma, and Secret Alchemist welcomed Samantha Prabhu, among others. - Indifi’s Co-founder Siddharth Mahanot and OLA Electric’s Secretary and compliance officer resigned. 3. Mergers and Acquisitions: - 4 notable acquisitions took place in the Indian startup ecosystem. Adda247 acquired PrepInsta, Pluckk purchased Upnourish, Capital IQ took over Karman Drones, and UST acquired Information Services Group’s automation unit. 4. Shutdown: - Agritech startup Greenikk is shutting down operations due to funding challenges and adverse market conditions. 5. Other Developments: - Uber partners with Shadowfax to integrate two-wheeler fleet - Swiggy launches 10-min food delivery service ‘Bolt’ - PhonePe partners with Jar to offer daily savings in digital gold - InCred Capital to raise $50 Mn led by family offices - Semiconductor startup FermionIC Design to raise $6 Mn - CRED nears Rs 2,500 Cr revenue in FY24; cuts operating losses by 41% - D2C brand Minimalist posts Rs 350 Cr revenue in FY24, doubles profit - Classplus revenue spikes 2X to Rs 260 Cr in FY24; cuts losses by 57% - 10-year-old Josh Talks posts Rs 19 Cr revenue in FY24, cuts losses by 25% - Navi’s FY24 operating profit falls 50% as loan write-offs surpass Rs 400 Cr - Groww’s stock broking unit posts Rs 2,900 Cr revenue and Rs 298 Cr profit in FY24 - Upstox delivers 10x return to Ratan Tata following buyback - Ola Electric’s two-wheeler market share falls to 27% in September - UPI sets new record with more than 15 Bn transactions in Sept - Titan Capital launches Indicorns index showcasing profitable startups - BharatPe announces settlement with Ashneer Grover - Invesco marks up Swiggy’s valuation to $13.3 Bn - Mamaearth parent Honasa to appeal Dubai court ruling - Peak XV Partners reduces fund size and fees - Co-working space provider DevX to go public; files DRHP - Swiggy gets the nod to increase IPO fresh issue size to Rs 5,000 Cr - CarDekho planning a $500 Mn IPO next year - Blackstone targets $10 Bn for India-focused New Asia Fund - Good Capital Co-founder Rohan Malhotra passes away 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.