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1. Fundings: - During the week, 30 Indian startups raised a total of approximately $357.29 million, including 6 growth-stage and 21 early-stage deals, while 3 startups kept their funding details undisclosed. - Used car platform Spinny raised $131 led by Used car platform, while robotics company Chef Robotics bagged $43 million. - Travel fintech company Scapia also raised $40 million in its Series B round led by Peak XV Partners. - Micro-LAP finance Infinity Fincorp, digital storytelling platform Pratilipi and defense technology firm Tonbo Imaging also secured funding this week. - Clean energy startup Aerem led the early-stage funding with a $11.7 million round followed by RapidClaims, South Indian food brand Sweet Karam Coffee, men’s fashion brand The Bear House House, AI startup Further AI, edtech firm CollegeDekho and others. - E-commerce roll up startup Evenflow, transit retail chain Yatrikart and cafe chain Bistro57 also raised a sum but did not disclose the amount raised. - Seed funding deals led with 10 deals followed by Series A, Series D, Debt, Series A and others. 2. Key Hirings and Departures: - This week saw some notable leadership changes across companies. Logistics firm Xpressbees appointed Uday R. Sharma as Chief Business Officer - B2B, 3PL, and Cross Border. - Former Federal Bank CEO Shyam Srinivasan joined TVS Capital Funds as a Senior Advisor and Operating Partner. - upGrad's corporate skilling division named Sunita Mohanty as the Revenue Head. - Zomato has reportedly given pink slips to as many as 600 customer support associates within a year of hiring them. 3. M & A: - Delhivery Limited has announced the acquisition of a 99.4% stake in Ecom Express Limited, a rival logistics solutions provider, for a cash consideration of up to Rs 1,407 crore - upGrad co-founder Mayank Kumar’s talent mobility startup, BorderPlus, has made its first acquisition by acquiring German healthcare recruitment firm Onea Care 4. Other Developments : - Matrix and Blume invest in D2C fashion brand Freakins - Jai Kisan raises fresh funds in extended Series B - McCain India crosses Rs 1,200 Cr revenue in FY24; profit shrinks 29% - E-waste recycler Attero nears Rs 450 Cr revenue in FY24 - Eruditus clocks Rs 3,733 Cr revenue in FY24, narrows losses by 83% - Ola Electric registers 23,430 units in March, lagging far behind Bajaj and TVS - UPI transactions surge 13.6% in March - Dream11 shifts domicile from US to India - Shadowfax converts to public entity ahead of IPO - Kissht plans $225 million IPO, set to file draft papers by June - Samunnati raises Rs 2,300 crore in FY25, strengthening its position in agri-ecosystem 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.