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Top News of the week: 1. Fundings: - During the week, 21 Indian startups raised a total of approximately $216.19 million, including 7 growth-stage and 12 early-stage deals, while 2 startups kept their funding undisclosed. - Growth and late-stage funding reached nearly $193.26 million this week, led by wealth management platform Syfe’s $80 million Series C round - D2C men’s wear brand Snitch followed with a $40 million Series B round led by 360 One Asset. - Meanwhile, B2B e-commerce platform Udaan closed its Series G round at $114 million, raising an additional $39 million after securing $75 million earlier. - Fintech startups including Stable Money, Loantap, Decentro along with Feminine care brand Plush also secured funding this week. - Education loan marketplace led the early stage funding with a $5.8 million Series A round followed by Climate Tech startup Stride Green, wellness and longevity startup, jewelery brand True Diamond, foodtech startup Naagin, fintech firm Spense, sneaker brand Gully Labs, among others. 2. Key Hirings & Departures: - Probo appoints Shimal Kapoor as head of policy to bolster regulatory engagement and support policy development in India’s skill-based gaming sector. - Bessemer Venture Partners has welcomed Pankaj Mitra as a Partner in its India team. - Simplilearn reappoints Jitendra Kumar as CTO to spearhead AI integration. - Steptrade Share Services, a SEBI-registered investment management entity, has announced the appointment of Mr. Kamal Bansal, former MD of GVFL, as a member of its Advisory Board. - There were a couple of departures as well with Zepto’s senior executive resigning to join Apollo brands as president and CTO of CoinDCX Vivek Gupta stepped down from his role after a five year stint at the company. 3. M&As: - Agritech platform DeHaat has acquired NEERX’s real-time soil and weather monitoring technology into its services, for an undisclosed amount. - The acquisition brings NEERX’s capabilities in satellite imagery and cloud-based analytics to the DeHaat platform. - Nazara Technologies announced the acquisition of bankrupt sports entertainment startup Smaaash Entertainment through an NCLT-approved insolvency resolution process. 4. Other Developments: - Vecmocon to raise $8.7 Mn; Tessellate Ventures exits with 10X return - Scaler to raise $40 Mn at reduced valuation - Bloom Hotels to raise $9 Mn in new round - Anant Goel’s Handpickd raises fresh funds - Pepperfry to secure fresh funds from existing investors - Digit Life Insurance FY 2024-25 revenue crosses Rs 1,300 crore in first full year of operations, serves 6.7 million customers - Grocery startup KiranaPro hit by cyberattack ahead of fundraise; halts operations 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.