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Top News of the Week 1. Funding: - On a weekly basis, startup funding dropped by nearly 51% to $184.4 million as compared to around $375.52 million raised during the previous week. - In the growth-stage funding landscape this week, B2B e-commerce platform Udaan secured $75 million in a Series G round - Wealth advisory firm Waterfield Advisory secured $18 million in a new round led by Jungle Ventures, SaaS company Spyne raised $16 million. - Other growth-stage startups that also secured funding this week include clean-label health food brand The Whole Truth, pet care brand Dogsee Chew, new-age fashion brand Rare Rabbit, NBFC Credit Fair, foodtech company curefoods and jewellery company Solitario Diamonds. - 12 early-stage startups secured funding worth $33.4 million during the week. Enterprise AI startup Singulr AI led the early stage funding by securing $10 million in Seed round followed by AI firm Ikonz Studios, IoT Communications and data analytics startup Probus, Devices-as-a-Service (DaaS) platform Swish Club, Workplace SaaS startup OneTab AI, among others. 2. Key Hiring & Departures - Health services platform Practo has announced the appointment of Jagnoor Singh as its Chief Operating Officer (COO) - Digital payments platform PayU India has appointed Pramod Rao as its chief risk officer, former Flipkart VP Chanakya Gupta joins Tuco Kids as co-founder and Trifecta Capital onboarded its investor Saurabh Singh as partner. - Some notable departures occurred this week, with ShareChat's senior executives, Anurag Verma and Shashank Shekhar, stepping down from their respective roles. 3. Mergers and Acquisitions - Visa processing platform Atlys acquired the UK subsidiary of visa services company Artionis in an all-cash deal to accelerate its overseas expansion. - Fintech startup PayRange took over Turns, a vertical SaaS startup in the laundry space, for an undisclosed amount. - Yuma Energy acquired Chennai-based Grinntech to strengthen its battery technology and manufacturing capabilities, - InCred Group expanded into the Middle East and Africa by acquiring Dubai-based financial and investment advisory firm Arrow Capital (DIFC) Limited. 4. Other Developments - Zypp Electric to expand EV fleet with 100,000 new vehicles in partnership with Indofast Energy - Skylark Drones launches DMO-AG, a new software platform tailored for the agriculture sector - StockGro partners with Zomato to promote financial literacy among delivery partners - PURE EV collaborates with JioThings to integrate smart digital clusters and telematics into its electric vehicle - Garuda Aerospace signs a MoU with HFCL to collaborate on advanced UAV solutions. - Paytm launches solar-powered Soundbox for merchants. - CARS24 launches new platform to expand its loan offerings - Labour Ministry collaborates with Apna to enhance job listings on NCS - Zaggle partners with Google to enhance business operations - KiranaPro joins ONDC to expand its quick commerce business - SolarSquare bleeds in FY24 as losses surge 2.3X - Saveo’s revenue nears Rs 200 Cr in FY24 with improved economics - Elevation-backed The Souled Store turns profitable in FY24 - Rare Rabbit nears Rs 650 Cr revenue in FY24, profit surges 2.3X - The Ayurveda Co posts Rs 60 Cr revenue in FY24, loss soars 3X - WLDD in talks to acquire ScoopWhoop from The Good Glamm Group - POP in discussions with Razorpay to raise up to $15 million - Swiggy to invest Rs 1,000 Cr in subsidiary Scootsy for biz expansion - Zomato joins Nifty 50 in index reshuffle - Elon Musk’s Tesla begins hiring in India - Sirona buys back brand from The Good Glamm Group - PhonePe starts preparations for a public listing in India - Navi resumes IPO preparations, targeting launch in the second half of FY26 - Zomato launches in-house AI platform ‘Nugget’ for enterprises 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.