1. Fundings: - In comparison, the previous week saw 30 startups across early and growth stages secure around $357.29 million. - Juspay secured $60 million in its Series D round led by Kedaara Capital. - Digital payments company Easebuzz has raised Rs 240 crore ($30 million) in a funding round led by Bessemer Venture Partners. - Indian wearable brand Noise secured another round of funding from global audio giant Bose. - Parent company of Bare Anatomy Innovist, Live social entertainment platform eloelo and solar energy startup Sadhav Future Tech also bagged funding this week. - 13 early-stage startups collectively raised a total of $37.52 million in funding. - Cross-border logistics startup Xindus led the early-stage funding with $10 million Series A round followed by edtech startup SigIQ.ai, genz women-focused fashion brand Outzidr, nanotechnology startup Vimano, D2C snacks brands Let's Try, Eat Better and others. - Membership based sports club Drive FITT, refurbished iPhones marketplace Grest, data protection startup Data Safeguard and others also raised a sum but did not disclose the amount raised. - Mosaic Wellness raises $20 Mn at $400 Mn valuation - Agrostar raises fresh funds from existing investors 2. Key Hirings & Departures: - NimbusPost, a logistics tech platform under Xpressbees, has appointed Irwin Anand as its new CEO. - TiE Mumbai has announced Apoorva Ranjan Sharma as its new President, starting April 2025 for a two-year term. - Visa processing platform Atlys has appointed Ananth Iyer as its Chief Financial Officer. - Claypond Capital, the family investment office of Ranjan Pai, has named Sekhar Garisa as its Managing Director. - Thampy Koshy resigned as MD and CEO of ONDC, while Myntraโs CPTO, Raghu Krishnananda, stepped down after a five-year stint. 3. M&A : - Arihant Academy, an NSE-listed edtech firm, has fully acquired Carmel Classes and Carmel Tuitions in a $1.2 million deal. - Creativefuel has acquired MissMalini Entertainment from The Good Glamm Group in a deal worth Rs 6 crore. 4. Other Developments : - Kazam partners with Yuma to bring battery swapping to park, charge hubs - Grahm, a real estate advisory platform, makes its debut in Bengaluru - Seekho set to raise $25 Mn, hits $4 Mn monthly revenue - PhysicsWallah in talks to acquire Sarrthi IAS - Five year old Eloelo reports zero revenue and Rs 99 Cr loss in FY24 - Urban Company board approves Rs 528 Cr primary fundraise via IPO - boAt files draft red herring prospectus via confidential route - BharatPe secures RBI nod to operate as a payment aggregator - PhonePe widens lead over G-Pay in March; CREDโs UPI ranking slips to 7th 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.
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