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Top News of the Week 1. Funding: - On a weekly basis, startup funding dropped by nearly 43% to $105.87 million as compared to around $184.4 million raised during the previous week. - In the growth-stage funding landscape this week, B2B cross-border e-commerce startup Geniemode raised $50 million in Series C round led by Multiples Alternate Asset Management - MOC Cancer Care & Research Centre MOC Cancer Care got $18 million in Series B round led by Elevation Capital and Fintech unicorn secured $12 million in debt from AK Capital Finance. - Professional linen management solutions provider Quick Clean led the early-stage funding with $5.7 million Series A round - Content platform on the Sui blockchain FanTV, Full-stack electric vehicle ecosystem platform Vidyut - Fintech startup Lorien Finance, Cross-border payments platform HiWiPay, among others. - Quick commerce KiranaPro, PC and console gaming startup 1312 Interactive also raised a sum but did not disclose the amount raised. 2. Key Hiring & Departures - This week saw several key leadership changes as Santosh Agarwal was promoted as CEO of Paisabazaar as Naveen Kukreja stepped down from his role. - Vishal Raj of Increff also promoted to the position of Co-founder and Naina Lal Kidwani former executive of HSBC joined Lightspeed as Venture Advisor. - Romil Jain co-founder and former Chief Technical Officer of Increff left the firm - Vivek Mathur, partner and chief operating officer (COO) at Elevation Capital, has quit the venture capital firm after 14 years to focus on advisory and mentorship - Aakrit Vaish, co-founder of the conversational AI platform Haptik, has resigned as CEO, passing the leadership to Ahshad Jussawalla. 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. M&A - Veranda Learning acquires stakes in BB Virtuals and in Navkar Digital to strengthen its position in commerce education across India - Flipkart’s UPI app Super.money has acquired fintech startup BharatX to strengthen its credit offerings - Boss Wallah to acquire the edtech platform ffreedom from Suvision Holdings - US-based enterprise tech company Xurrent has acquired Zenduty, SaaS startup backed by Titan Capital, for an undisclosed sum. 5. ESOPs & Shutdowns - SaaS-based B2B fintech firm Perfios has introduced a new employee stock option plan named “Perfios Employee Stock Option Plan 2025-A worth $76 million (Rs 645 crore) - Flipkart has decided to shut down ANS Commerce, its full-stack e-commerce enabler, three years after acquiring the Gurugram-based company. 6. Other Developments - ThunderPlus launches high speed EV charging station - GalaxEye collaborates with Impulso.Space to drive global expansion - Glance partners with Google Cloud - Grant Thornton Bharat collaborates with Zoho to accelerate digital transformation - SaaS major Freshworks partners with Unisys - The ePlane Company collaborates with Empire Aviation to expand eVTOL operations in the UAE and Southeast Asia - CarDekho Group enters into the UAE market in partnership with Raya Holdings - Boon partners with Cygnett Hotels & Resorts - KiranaPro collaborates with ZuperAI to provide AI-powered retail market solutions - Paytm collaborates with Perplexity to provide users with real-time AI-driven financial assistance - Times Internet ventures into fantasy gaming with the launch of Cricbuzz11 - NoBroker introduces ConvoZen.AI, a conversational AI platform for enterprises. - H&M vs. Zara vs. Uniqlo: Tracking their growth in India during FY24 - Perfora manages 30X revenue growth in three years - Kinetic Green's losses balloon 11X in FY24, revenue dips 3% - Wow! Momo posts Rs 470 Cr revenue and Rs 114 Cr loss in FY24 - Morgan Stanley-backed Recykal’s scale dips in FY24; losses spike 31% - Progcap crosses Rs 150 Cr revenue in FY24, cuts losses - The ePlane Company plans to raise up to $50 million - InCred Finance to acquire TruCap’s gold loan business for ₹330 crore. - Ola Electric sells 25,000 units in Feb, expands market lead with 28% share - Zomato invests Rs 1,500 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.