Back

Daily Recap- 1) India's Technology Startups Raise $2.5 Billion in Q1 2025: Indian technology startups have raised $2.5 billion in Q1 2025, which is a 13.64% growth from the last quarter. It was driven by late-stage investment and top-performing categories such as auto tech, enterprise applications, and retail. 2) Apna Mart Raises ₹214 Cr in Funding: Bengaluru-based grocery store chain Apna Mart raised ₹214 crore of debt and equity funding led by Accel and Fundamentum Partnership Fund. The funding is for expansion in Tier-II cities. 3) TrucksUp uses AI for Freight Matching: TrucksUp, a logistics startup based in Gurugram, introduced an artificial intelligence-powered freight matching platform to increase truck utilization, lower empty mileage, and save supply chain operations. 4) Poonawalla Fincorp has rolled out an artificial intelligence-driven credit assessment platform, developed jointly with the Indian Institute of Technology Bombay, to upgrade risk assessment and simplify retail lending procedures. 5) Perfios Faces Market Volatility Challenges: Perfios, a banking technology provider, is facing difficulties due to a slowdown in unsecured lending, which has impacted its performance. The firm serves 90% of financial institutions in India. 6) Delhivery Appoints Milind Sharma for Rapid Commerce: Logistics firm Delhivery appointed Milind Sharma as Head of Rapid Commerce to accelerate its same-day and next-day delivery services for D2C brands. 7) The Wadhwani Foundation has also designated Gopal Devanahalli as President of Skilling, overseeing global skilling programs to develop the workforce and generate employment opportunities. 8) Six Indian Startups Go Public in Q1 2025: Six startups, Nukleus, Maxvolt Energy, Volercars, and Harshil Agrotech, listed on the bourses in Q1 2025, marking an increase in IPO activity compared to the last quarter. 9) Magma General Acquired for $516M: DS Group and Patanjali Ayurved paid $516 million for Magma General, the highest-valued Q1 2025 deal, surpassing HUL's buyout of Minimalist for $350 million. 10) Delhi Leads Startup Funding in Q1 2025: Startups based in Delhi were funded the most in Q1 2025, with 40%, and Bengaluru came second with 21.64%.