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Top News of the Week: 1. Funding: - On a weekly basis, startup funding jumped 234.27% to $449.33 million as compared to around $134.42 million raised during the previous week. - 39 Indian startups raised around $449.33 million in funding. These deals count 12 growth-stage deals and 16 early-stage deals while 11 startups kept their transaction details undisclosed. - Last week, 32 early and growth-stage startups cumulatively raised over $134 million in funding. - Among the growth-stage deals, 12 startups raised $389.62 million in funding this week. Edtech startup Eruditus spearheaded with a $150 million funding round. - Omnichannel beauty platform Purplle raised $60 million followed by cloud-based service intelligence platform Neuron7.ai, D2C jewelry startup Giva, and SaaS platform Everstage with $44 million, $30.3 million, and $30 million in funding, respectively. - 16 early-stage startups secured funding worth $59.71 million during the week. Elder care startup Primus Senior Living led the list followed by cloud-based MLOps workflow orchestration platform Simplismart, a platform for teacher workforce development and global teacher mobility, Suraasa, AI startup Budy.bot, and gallium nitride (GaN) startup AGNIT Semiconductors among others. - Traqo, Brown Living, SuperUs, Evenflow, ANNY, Healspan, Magnus Farm Fresh, SportsSkill, PetStrong, Kingdom of White, and Medprime Technologies also raked in funding but did not disclose the transaction details. 2. Top hirings and Exits - AuthBridge onboarded Naveen Goyal as Chief of technology and products. Invest4Edu welcomed Manish Sahijwani as chief business officer, and DMI Finance hired Niraj Khandelwal and Rachit Gupta to take on different roles. - Mamaearth’s chief product and technology officer Jayant Chauhan, upGrad’s co-founder and managing director Mayank Kumar, and Krutrim’s business head Ravi Jain resigned. 3. Mergers and Acquisitions - Licious acquired My Chicken and More, IBM purchased Prescinto, Indium took over Experion, and Jetapult acquired UMX Studio. 4. Other Developments - OYO eying $200 Mn funding for US expansion strategy - Temasek’s Fullerton to take control of Lendingkart in distressed acquisition - Zepto to rake in $100 Mn funding from Motilal Oswal and family offices - Qure.ai revenue soars 83% to Rs 141 Cr in FY24, slashes losses - Licious reports Rs 685 Cr revenue in FY24; cuts losses by 44% - BharatPe revenue climbs to Rs 1,426 Cr in FY24, losses shrink 50% - Tractor Junction revenue soars 2.3X in FY24; cuts losses by 51% - Acko hits Rs 2,000 Cr revenue threshold with lower losses in FY24 - Rentomojo posts Rs 193 Cr revenue in FY24; profits jump 3.6X - RBI bars NAVI, DMI Finance, and others from loan sanctioning and disbursal - Navi breaks into top 5 UPI apps in September as PhonePe maintains lead - 8i Ventures earns 12X return on full exit from M2P Fintech - Mamaearth ranks as India’s 3rd largest skincare brand: Euromonitor - Zomato to raise $1 Bn funds via QIP - Temasek files notice to CCI for investment in Rebel Foods - CleverTap and Mensa Brands plan India return to pursue IPO - BlueStone plans Rs 2,100 Cr IPO by Q2 2025 - PayU defers IPO plan to next fiscal year - Ola Electric taps EY to address service challenges - Zerodha launches fund to support open-source projects - Government to introduce social security policy for gig workers - Karnataka to impose a transaction fee on online aggregators - Swiggy executives and investors sell shares worth Rs 670 Cr ahead of IPO 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.