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1. Fundings: - In comparison, the previous week saw 19 startups across early and growth stages secure around $462.27 million. - Commercial EV manufacturer Euler Motors secured $60 million from Hero MotoCorp, while housing loan provider Nivara Home Finance raised $28 million in a Series B round led by True North. - D2C beauty and personal care brand Pilgrim secured $23 million,regional OTT platform Stage and agritech startup Otipy also raised funds. - Rural India-focussed fintech startup Navadhan led the early stage funding with $12.8 million, followed by healthtech firm Everhope Oncology, cybersecurity & fraud control platform Protectt.ai, ice cream brand Go Zero, 60-minute fashion delivery platform Slikk, among others. - D2C nutrition brand GoOAT D2C nutrition brand, edtech Upedd, Social commerce platform Broadway and others also raised a sum but did not disclose the amount raised - Student housing startup Your-Space raises $8.2 Mn debt - Servify valued at around $700 Mn in Series D - 60-min fashion delivery startup Slikk to raise $10 Mn led by Nexus 2. Key Hirings and Departures: - AceVector Limited, the parent company of Snapdeal, appointed Anil Kumar as Group Company Secretary - Apna named Preet Deep Singh as its Head of Public Policy. - Co-working firm Awfis strengthened its leadership team with multiple hires, including Sanjay Baurai as Strategic Advisor for Workplace Solutions and Growth, Parul Seth as National Head – Business Development and Growth, and Roshan Alva as National Director, Sales. - There were notable departures this week, with former Navi senior executives Shobhit Agarwal and Apurv Anand reportedly teaming up to launch a new asset management venture. 3. M&A: - PayU, the payments and fintech business of Prosus, has acquired a 43.5% stake in real-time payments tech company Mindgate Solutions and E-commerce SaaS company Unicommerce has approved the 100% acquisition of Shipway. - The Ace Vector owned company had acquired over 42% stake in the shipping solution firm late last year. 4. Other Developments : - Venturi Partners, a growth-stage consumer investor in India and Southeast Asia, has launched its second fund, targeting $225 million with a $250 million cap. - The Earth Fund, sustainability and proptech focused fund has partnered with Nikhil Kamath and Abhijeet Pai-led Gruhas to launch a Rs 200 crore fund, with a Rs 100 crore greenshoe option, totaling Rs 300 crore. - Farm-to-fork startup Deep Rooted is shutting down - Wealthtech platform Dezerv has concluded its Employee Stock Ownership Plan (ESOP) buyback program, enabling the liquidation of vested stocks worth Rs 46 crore (approximately $5.3 million) for both former and current employees. - Rliox EV introduces a new EV leasing division - Paytm Money receives SEBI approval for a research analyst license - PhysicsWallah files draft IPO papers with SEBI via the confidential route - Fractal invests $20 million in Asper.AI to drive next phase of growth and innovation - Ayana Renewable to raise Rs 150 Cr from IL&FS Mutual Fund - ZingHR crosses Rs 120 Cr revenue mark in FY24, cuts losses by 67% - Decathlon India posts Rs 4,008 Cr revenue and Rs 197 Cr PAT in FY24 - Uber India made Rs 807 Cr from ride-hailing in FY24 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.