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Top News of the Week 1. Funding: - On a weekly basis, startup funding surged by 2.7X to $375.52 million as compared to around $136.93 million raised during the previous week. - During the week, 32 Indian startups collectively secured approximately $375.52 million in funding, comprising 7 grow th-stage deals and 22 early-stage deals. Additionally, 3 startups chose not to disclose their transaction details. - In the growth-stage funding landscape this week, contactless payment solutions provider ToneTag raised $78 million in a Series B round led by ValueQuest S.C.A.L.E. Fund, - Contract lifecycle management platform SpotDraft secured $54 million in a Series B round led by Vertex Growth Singapore and Trident Partners. - Modern banking tech firm Zeta raised $50 million, valuing the company at $2 billion. - Other growth-stage startups that also secured funding this week include AI startup 75F, mobility company Rapido, electric bus manufacturer PMI Electro Mobility, and D2C footwear brand JQR. - 22 early-stage startups secured funding worth $64.82 million during the week. - SaaS startup Lucidity led the early stage funding with $21 million in Series A round followed by cross-border workforce mobility platform BorderPlus, Men’s sexual health brand Boldcare, B2B manufacturing startup CapGrid Solutions and among others. - Online english tutoring app Bambinos.live, patient monitoring startup Lifesigns, flexi-talent financial research platform Rubyworks also raised a sum but did not disclose the amount raised. 2. Key Hiring & Departures - This week saw several key leadership changes. Navi appointed Rajiv Naresh as CEO of Navi Technologies and Abhishek Dwivedi as CEO of Navi Finserv, while Sachin Bansal transitioned to executive chairman of Navi Group. - EV manufacturer Euler Motors named Ashish Tandon as global head of customer excellence. Actor Pankaj Tripathi joined audio platform Velevet as co-founder. - Razorpay elevated Khilan Haria to Chief Product Officer (CPO). - Peak XV’s managing partners, Shailesh Lakhani and Abheek Anand have decided to step down from their positions. - Lizzie Chapman, co-founder of Swiffy Labs, has also stepped down. 3. Mergers and Acquisitions - Quick commerce platform KiranaPro acquiring Joper.app, a hyperlocal grocery delivery service that connects small Kirana stores with customers and IT services - Digital transformation company MSys Technologies has acquired fintech firm Gophers Lab. 4. Fund Launches - VC firm Triton has announced the first close of its second fund, targeting a total corpus of Rs 240 crore ($28 million). - IXP, a Life Sciences VC backed by JV Ventures, has launched its first fund to invest in early-stage B2B companies, spanning pre-seed to Series A stages. - WTFund, an initiative for entrepreneurs under 25 led by Nikhil Kamath, has announced its second cohort, featuring 22 founders. - WTFund offers grants of up to Rs 20 lakh, along with mentorship and strategic partnerships, to help startups scale their impact. - IPV Ideaschool has opened applications for the third edition of its accelerator program, offering Rs 1 crore in pre-seed funding to five startups, along with access to its ecosystem for funding, mentorship, and partnerships. 5. ESOP Buyback - Ride-hailing firm Rapido has announced its first-ever Employee Stock Ownership Plan (ESOP) liquidation program for its current and former employees. 7. Other Developments - Exotel collaborates with Knowmax to provide enterprises with seamless access to actionable knowledge - Tata Elxsi and Garuda Aerospace sign MoU - Rebel Foods introduces 'QuickiES,' a 15-minute food delivery app - DPIIT collaborates with Rukam Capital to strengthen product startups - Gupshup introduces AI agents to enhance conversational engagement - Pristyn Care opens its first super-speciality hospital in South Delhi - Rapido to introduce women-only bike taxi service in Karnataka - Info Edge-backed Truemeds' gross revenue crosses Rs 300 Cr in FY24 - Nazara's profits drop 54% in Q3 FY25 - Ola ride-hailing biz falls 11% in FY24, turns EBITDA profitable - Veranda Learning revenue nears Rs 100 Cr in Q3 FY25 - WheelsEye narrows losses by 71% to Rs 39 Cr in FY24 - Mamaearth-parent Honasa returns to profitability in Q3 FY25 - TBO Tek posts Rs 422 Cr revenue in Q3 FY25 with flat profits - Extramarks losses drop by 85% to Rs 48 Cr in FY24, revenue slips 37% - Freshworks posts $194.6 Mn revenue in Q4, projects $809 Mn for CY25 - Awfis posts Rs 318 Cr revenue and Rs 15 Cr profits in Q3 FY25 - Magicpin triples revenue to Rs 870 Cr in FY24, cuts losses - Tracxn profit drops 36% in Q3 FY25 amid flat revenue - Yatra profit spikes 10X in Q3 FY25; revenue doubles - LiquiLoans revenue surges 3.4X to Rs 696 Cr in FY24, remains profitable - Nykaa posts Rs 2,267 Cr revenue in Q3 FY25, profit soars 52% - EaseMyTrip posts Rs 150 Cr revenue in Q3 FY25; profit declines - Ranveer Allahbadia’s Monk-E nears Rs 100 Cr revenue in FY24, profit jumps 59% - Lahori in discussions to raise Rs 400-450 crore - Solv is in discussions to merge with Jumbotail - The Whole Truth is raising Rs 133.3 crore in a series C - Groww widens lead over Zerodha in active users; Dhan, INDmoney surge - PhonePe hits 8 Bn UPI transactions in Jan; WhatsApp back in top 10 - Swiggy to impose an additional 2% fee on restaurants - Easebuzz receives final RBI approval to operate as an online payment aggregator - Zetwerk plans to file IPO draft papers within the next six months - Tamil Nadu prohibits online real money gaming for minors - India’s wearable market shrinks in 2024, smartwatch sales down 34.4%: IDC Stay Updated. 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