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1. Fundings and Deals : - In comparison, the previous week saw 30 startups across early and growth stages secure around $355.02 million - Platform for sourcing and manufacturing specialty chemicals Scimplify secured $40 million in Series B round - 10 early-stage startups collectively raised $29.77 million in funding - Droom India raises funds at $360 Mn valuation - Amrut Energy led the early stage funding with $11.5 million, followed by energy storage startup AmpereHour, hospitality startup goStops, mobile game publisher Felicity Games, and admissions platform Ambitio, among others. - Upskilling platform Weskill, edtech startup Dreamtime Learning and Battery tech startup Flowatt Battery Science also raised a sum but did not disclose the amount raised. - Luxury fashion platform Purple Style Labs bagged $40 million in Series E round, Aerospace firm Ransons Aerospace, SaaS platform Infinite Uptime and Incred Finance also bagged funding this week. 2. Key Hirings and Departures: - This week saw some notable key leadership changes as Daman Soni, former President and Chief Business Officer of e-commerce roll-up company GlobalBees, has joined AstroTalk as CBO, Edtech unicorn PhysicsWallah has appointed Nitin Savara, Rachna Dikshit, and Deepak Amitabh as non-executive independent directors, Pi42, a crypto-INR perpetual futures exchange, has named Satish Mishra as its new Chief Technology Officer (CTO). Sirona promotes Ecommerce Head Krishna Mishra to Vice President. - Amit Aggarwal, the Principal at Elevation Capital, has decided to step down after serving four years at the venture capital firm - Nazara Technologies announces the resignation of its Chief Operating Officer (COO), Sudhir Kamath. Yatra’s Group CFO has resigned from his role as Chief Financial Officer (CFO). 4. M&A - DSP Group has acquired Volt Money, a platform that provides instant secured loans against mutual funds. - Fintech unicorn Perfios acquired AI-powered debt collection platform CreditNirvana -Nazara Technologies sold its nearly 95% stake in OpenPlay to Moonshine, parent company of PokerBaazi. 5. Other Developments: - Uber partners with Refex Green Mobility to roll out 1,000 EVs by 2026 - Urban Company ventures into quick commerce with Insta Maid, offering 15-minute househelp services - Former Zomato COO, Surobhi Das teams up with Deepinder Goyal to launch a new startup, LAT Aerospace - Coinbase registers with FIU to introduce crypto trading services - CARS24 expands into the 'new cars' market with an aggregator platform - Fast&Up-parent Fullife Healthcare controls losses by 39% in FY24 - Loom Solar surpasses Rs 150 Cr revenue in FY24, profits triple - Lahori Zeera crosses Rs 300 Cr revenue in FY24; profits spike 3X - Hangyo nears Rs 300 Cr revenue in FY24; profit spikes 2X - PhonePe crosses 600M registered users - Flipkart’s Super.money pushes CRED out of top 5 UPI app in Feb 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.