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Top News of the Week 1. Funding: - Last week, 27 early and growth-stage startups cumulatively raised around $466.45 million in funding. - In the growth-stage funding landscape, data analytics and AI solutions provider Impetus Technologies raised $350 million in a Series D round led by Kedaara Capital. - Healthtech company Aragen secured $100 million from private equity firm Quadria Capital. - SaaS startup Netradyne closed a $90 million Series D round led by Point72 Private Investments, while D2C skincare brand Foxtale raised $30 million, with Kose Corporation as the lead investor. - 22 early-stage startups secured funding worth $64.92 million during the week. Proptech firm Micromitti led the early stage funding followed by Aerospace startup Sarla Aviation, Spiritual-tech Astrosure.ai, SaaS startup Eccentric Engine, Waste Management startup WeVOIS, EV charging infrastructure provider Bolt.Earth. - Automotive Indiyanet (Motorfloor), Traveltech Velocity.travel, Healthtech non-profit organization Khushi Baby and others also raised a sum but didn’t disclose the amount raised. For more information, visit TheKredible. 2. Key hirings and departures - Angel One appointed former Google Pay VP Ambarish Kenghe as its Group CEO. - Zetwerk, a contract manufacturing marketplace, named Vadim Yakubov as the CEO of its U.S. subsidiary, Unimacts. - Stock broking platform 5Paisa welcomed Gaurav Seth as its new CEO, while cloud kitchen company Curefoods promoted Gokul Kandhi to the position of Chief Operating Officer. 3. Mergers and Acquisitions: - E-commerce major Amazon is all set to acquire fintech company Axio (formerly Capital Float). - MoEVing, an EV fleet operator, has acquired EVonGO, the mobility division of Euler Motors, for an undisclosed sum. 4. Layoffs - During the week, over 200 employees were laid off across three startups. Delhi-NCR-based Breath Well Being let go of around 100 employees, ShareChat reduced its workforce by 5% as part of a performance review cycle, and audio series platform Pocket FM laid off 75 employees. 5. New launches and partnerships - MobiKwik partners with Piramal Finance to provide personal loans - Droom launches new service to enter the automobile rental sector - Bounce Infinity launches 15-min charge scooter at Bharat Mobility Expo - Spencer’s Retail expands into quick commerce sector - MapmyIndia collaborates with Qualcomm to drive ‘Make in India’ automotive solutions - Bengaluru based-Digantara to launch satellite via Elon Musk's SpaceX rocket 6. Potential Deals - Flipkart may lead $35-40 million funding round in its fintech venture Super.money - Zypp Electric to raise $6.5 million in an ongoing Series C round. - Foxtale's revenue soars to Rs 83 Cr in FY24, losses widen - FIITJEE-backed PlanetSpark trims losses by 70% in FY24 - Isprava doubles its revenue in FY24 with hefty profits - Sanjeev Kapoor-backed Wonderchef turns profitable in FY24 - IPO-bound Captain Fresh reports Rs 1,300 Cr GMV in FY24 Other Developments: - Axio confirms acquisition agreement with Amazon - Swiggy receives MCA nod to incorporate sports arm - Zetwerk selects six bankers to lead $500 million IPO in 2025 - Paytm may re-enter MSCI India Index - Urban Company set to file draft papers for INR 3,000 crore IPO by March end - Ather Energy targets $2.4 billion valuation for IPO - Innoviti plans IPO within 12 months, grants fresh ESOPs worth INR 25 crore - Zomato invests Rs 500 Cr in Blinkit 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.