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Top News of the week: 1. Fundings: - During the week, 17 Indian startups raised a total of approximately $197.71 million, including 7 growth-stage and 8 early-stage deals, while 2 startups kept their funding undisclosed. - Growth and late-stage funding totaled $138.7 million this week, led by cross-border fintech firm Aspora raising $53 million in a round co-led by Sequoia and Greylock. - Telecom startup WIOM followed with a $35 million fundraise led by Accel and Prosus. - Spinny also secured $30.6 million from WestBridge Capital, while Chennai-based NBFC Mahaveer Finance raised Rs 200 crore ($23.1 million). - Other notable fundraises came from CLR Facility, RenewBuy, and electric two-wheeler company Okinawa. - NBFC startup Techfino led the early-stage funding with a $7.5 million (Rs 65 crore) round followed by EV manufacturer Oben Electric, fintech Dugar Finance, Saswat Finance, edtech illumine, among others. - Creative media agency One Hand Clap Media and logistics startup Xportel also raised a sum but did not disclose the amount raised. 2. Key Hirings & Departures: - Honasa Consumer Limited, the parent company of Mamaearth, has appointed Yatish Bhargava as Chief Business Officer. - Education financing platform GyanDhan has elevated Aman Jain to the role of Co-founder. - Pocket Entertainment, the parent company of Pocket FM, Pocket Toons, and Pocket Novel, has elevated Umesh Bude to Chief Technology Officer (CTO). - There were a couple of departures as well with Gaurav Jain, the Chief Business Officer of social media platform ShareChat has resigned from his role and Shalabh Shrivastava, the senior vice president of Driver Org at Swiggy, also quit the company. 3. M&As: - POP, a rewards-first UPI payments app, has raised $30 million from Razorpay to expand its payments and commerce platform. - InCred Money, the retail wealthtech arm of InCred Group, is set to acquire trading platform Stocko for Rs 300 crore ($35 million). - Bhavish Aggarwal-led AI startup Krutrim has acquired BharatSahAIyak, a company focused on public-sector AI solutions, from technology consulting firm Samagra. 4. Other Developments: - Investors from the early-stage angel network JIIF have invested in a Rs 350 crore fund by Atomic Capital, a newly launched consumer-focused venture capital firm - Get My Parking to raise fresh funds at 90% valuation surge - ZOFF Foods forays into the ready-to-cook segment through a partnership with Reliance Retail - Bhindi AI partners with WarpSpeed Hackathon to advance conversational AI - The Trade Desk partners with Zepto to launch a new retail media ad model on the Open Internet. - Swiggy pilots travel and lifestyle concierge app Crew - Delhivery to take on Porter and Uber with on-demand intracity shipping app ‘Delhivery Direct’ - MakeMyTrip to raise $2.5 Bn to halve Chinese investor Trip.com’s stake 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.