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Top News of the Week 1. Funding: - On a weekly basis, startup funding jumped over 3.3X to $355.02 million as compared to around $105.87 million raised during the previous week. - HR tech platform DarwinBox raised $140 million in Series D round led by Partners Group, KKR - Fintech platform Leap Finance secured $100 million debt from ASEAN Growth Fund - Insurtech firm InsuranceDekho raised $70 million in Series C roundled by Beams Fintech Fund. - Revenue AI platform MaxIQ led the early stage funding with a $7.8 million round followed by Enterprise tech startup Beacon.li, D2C home appliance brand Nuuk, Beauty brand indē wild, Debt resolution platform Rezolv, Climate tech startup FluxGen and among others. - Real estate platform SILA, Deeptech firm Zuppa, Quick commerce platform KiranaPro and others also raised a sum but did not disclose the amount raised. For more information, visit TheKredible for more. 2. Key Hiring & Departures - This week saw some notable key leadership changes as Global travel-tech company OYO has elevated Sonal Sinha to Chief Executive Officer of its recently acquired G6 Hospitality - Lightrock, a global investment platform has appointed Samir Abhyankar as a Partner and India Head, - PhonePe to rope in Amit Doshi as group CMO - ParkMate, a parking solutions provider, has named Ziaul Hoda as the Vice President of Operations for its B2C vertical. - T-Hub, a startup incubator, has appointed ex-OYO executive Kavikrut as its CEO. - Shraeyansh Thakur, an investor at Peak XV Partners, resigned after nearly a decade with the venture capital firm. 4. M&A - Digital banking infrastructure company M2P Fintech is set to acquire Chennai-based AI startup Mad Street Den. - Merchant SaaS platform Mintoak has acquired fintech startup Digiledge, specializing in bill payments and CBDC solutions. - Automotive service platform GaragePlug has acquired review management platform Freshreview. 5. Layoffs - Publicly listed electric scooter manufacturer Ola Electric is reportedly laying off over a thousand employees and contract workers to reduce mounting losses. 6. Other Developments - ETAC collaborates with The ePlane Company to drive the advancement of Urban Air Mobility in India - Garuda Aerospace teams up with Bank of India to provide agri drone loans - STAN collaborates with FanCraze to enhance fan engagement with a new game - Krutrim collaborates with Lenovo to build India’s largest supercomputer - Ultraviolette enters the electric scooter market with ‘Tesseract - Veranda Learning collaborates with IIT Madras to enhance skill development - AbhiBus partners with YoloBus to introduce India's first women-only intercity bus service - Phi Commerce posts Rs 81 Cr revenue in FY24; losses soar 3X - Indifi scale goes past Rs 300 Cr in FY24; stays profitable - Cyber attack hits Safexpay in FY24: revenue shrinks 67%, losses double - M2P Fintech revenue slips over 13% in FY24, losses remain unchanged - Falca crosses Rs 350 Cr revenue in FY24, losses soar 3X - KKR-owned Leap India profit surges 4X in FY24 - 10 min food delivery startup Swish raising $14 Mn - Kunal Shah-backed Punch to raise fresh funds - Truemeds to raise $44 Mn led by Accel India - Former KKR India CEO’s VC firm leads Windo’s Series A - BetterPlace kicks off new round, to raise $3.8 million - XYXX raising fresh funds led by Niveshaay Sambhav Fund - 91Trucks set to raise new round led by Arkam Ventures 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.