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Top News of the week : 1. Fundings: - During the week, 25 Indian startups raised a total of approximately $62.67 million, including 3 growth-stage and 18 early-stage deals, while 4 startups kept their funding details undisclosed. - B2B e-commerce unicorn OfBusiness raised $11.7 million (Rs 100 crore) in a pre-IPO round. - Garuda Aerospace, a dronetech startup, also secured $11.7 million (Rs 100 crore) in its Series B round led by Venture Catalysts. - Deeptech firm Optimized Electrotech raised Rs $6 million in fresh funding - SaaS startup Magma led the early-stage funding with a $5 million Series A round followed by robotics company Peppermint, healthtech startup Risa Labs, jewellery brand Jewelbox, EV charging startup IPEC, QSR coffee chain Nothing Before Coffee and others. - D2C luggage brand Uppercase, sports technology startup SportSkill, gaming company JetSynthesys and alco-bev startup Orchre Spirits also raised a sum but did not disclose the amount raised. - Wow! Momo raises Rs 130-150 Cr led by Haldiram’s Kamal Agrawal and Khazanah 2. Key Hirings & Departures - Fintech startup Cashfree Payments has appointed Piyush Anchliya as its new Chief Financial Officer (CFO). - B2B ecommerce company Moglix, has appointed Sanjeev Arora as its new CFO - Indian dairy company Milky Mist has appointed two independent directors - Fintech startup Lendingkart appointed Prashant Joshi as its chief executive officer, days after Temasek-owned Fullerton acquired a majority stake in the company. - There was a departure as Unicommerce announced the resignation of Bhupinder Garg from the position of Chief Technical Officer (CTO). 3. M&A : - Findi Ltd, through its subsidiary Transaction Solutions International (India) Pvt Ltd (TSI), has completed the acquisition of BANKIT Services Pvt. Ltd for Rs 160 crore ($18.7 million) - CleverTap, a customer engagement and retention platform, has acquired rehook.ai, a Y Combinator-backed startup. 4. Other Developments : - SaaS startup Zopper has laid off around 100 employees since the beginning of 2025, while conversational messaging platform Gupshup laid off approximately 200 employees. - Tyger Capital partners with Credgenics - Zippee introduces 60-minute delivery service for e-commerce marketplaces - Tulu Health unveils AI agent platform aimed at revolutionizing patient care - Sachin Tendulkar and others to invest $18 Mn in Rayzon Solar at $844 Mn valuation - Phi Commerce kicks off Series B at over $150 Mn valuation - D’Decor crosses Rs 800 Cr revenue in FY24; profits spike 20% - Medikabazaar ousts former CEO Vivek Tiwari over fraud allegations - BluSmart pauses services in key cities - Razorpay and PhonePe converts to public entity ahead of IPO plans 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.