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Harsh Dwivedi
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Medial • 14h
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 during the previous week. - EPACK, a turnkey solution provider for pre-engineered buildings, secured $25 million in a growth-stage deal. - Six early-stage startups collectively raised $27.7 million. Leading this group was Univest, a provider of expert stock trading advice, followed by Mindgrove (semiconductor design), Sparkl Edventure (online tutoring), Proxgy (IoT innovator), and SustVest (sustainable investment platform). 2. M&As, Partnerships, & Launches: - Xcelerate, a Singapore-based operating and investment platform, acquired a stake in Carisma Solutions, a knowledge-driven business services provider. - TVS Motor purchased a majority stake in DriveX Mobility for $11.5 million. New Launches and Partnerships: - Rebel Foods’ Eat Sure introduced a multi-restaurant group ordering feature. - The Department for Promotion of Industry and Internal Trade (DPIIT) partnered with boAt to support D2C and manufacturing startups. - Ola Electric expanded its presence by opening 3,200 new stores and launched the Ola S1 Pro Sona edition. 3. Potential Deals: - Leap India, a logistics firm, is set to raise $63 million led by KKR. - Logistics SaaS unicorn Shiprocket is in talks to raise $26 million. - Motilal Oswal plans to invest Rs 100 crore in Captain Fresh. 4. Financial Results: - Exotel posts flat scale in FY24; losses shrink 61% - ShopKirana struggles to scale in FY24, narrows losses by 30% - LEAD hits Rs 350 Cr revenue milestone in FY24; cuts losses by 56% - Simplilearn cuts losses by 56% in FY24, revenue growth stagnates - Curefoods reports Rs 635 Cr income in FY24, halves losses - Mintifi reports Rs 92 Cr PAT on Rs 384 Cr revenue in FY24 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.
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