Back

Top news of the week: 1. Fundings: - 21 Indian startups raised a total of approximately $139.5 million, including 5 growth-stage and 13 early-stage deals, while three startups kept their funding undisclosed. - Growth and late-stage funding totaled nearly $65.75 million this week led by healthtech startup CureBay in its Series B round led by Bertelsmann India Investments followed by cybersecurity startup CloudSEK who raised $19 million in its Series B round - Euler Motors secured $15 million in another tranche of its $60 million Series B round. - Fintech firms Dvara KGFS and Borderless (Stockal) have also raised funding this week. - Jason Kothari’s new startup Mythik led the early-stage funding with a $15 million seed round followed by deeptech startup ALT Carbon, AI startup Biostate AI, and SaaS firm Data Sutram among others. - Spacetech startup PierSight, and e-commerce brands BlackCarrot and The Sock Street also raised a sum but did not disclose the amount raised. 2. Key Hirings & Departures: - Quick commerce platform Zepto has appointed Rachit Ranjan as its chief public policy officer. - Ranjan will oversee the company's policy, regulatory, and government affairs functions. - ProcMart, a B2B marketplace for indirect procurement, has appointed Sachin Jain as co-founder. - NBFC company Avanse Financial Services has appointed former Bajaj Finserv COO Rakesh Bhatt as an independent director of the company ahead of IPO. 3. M&As: - Nazara Technologies has announced the acquisition of 100% ownership in Curve Digital Entertainment Limited, a UK-based publisher of PC and console games, for Rs 247 crore ($29 million). - Zendesk has acquired Local Measure, a leading CCaaS (Contact Center as a Service). 4. Other Developments: - ThunderPlus partners with Ather Energy - TagHive unveils SaathiGPT, an AI-driven learning assistant designed to deliver personalized education - Glance AI launches commerce app with deep intelligence and visual shopping - Unnati Agri crosses Rs 500 Cr revenue in FY24; losses widen marginally - Zepto Cafe hits pause in smaller cities amid supply chain woes and high burn - Ola Electric board approves Rs 1,700 Cr funding plan via debt instruments 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.