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Top News of the week: 1. Fundings: - During the week, 30 Indian startups raised a total of approximately $312.69 million, including 9 growth-stage and 18 early-stage deals, while 3 startups kept their funding undisclosed. - Growth and late-stage funding reached $239.9 million this week, led by Raphe mPhibr, which raised $100 million in the largest private funding round for an Indian aerospace company, backed by General Catalyst. - Wiom secured $40 million from Bertelsmann India Investments and Accel, while Battery Smart raised $21 million in a Series B extension. - Meanwhile, Zerodha’s Nithin and Nikhil Kamath picked up a Rs 250 crore stake in InCred Holdings. Other funded startups include ShopOS, Kazam, Flipspaces, and StayVista. - Further, 18 early-stage startups collectively raised around $72.79 million in funding. - Electric vehicle maker EKA Mobility secured Rs 200 crore ($23.3 million) from ENAM Holdings followed by Stock trading platform Sahi, deeptech Fabheads, D2C brand Rabitat, fashion tech startup ZILO, among others. - Integrated supply chain startup Prozo, platform for architectural and interior design products, All Home and co-living startup Truliv also raised a sum but did not disclose the amount raised. 2. Key Hirings & Departures: - Mumbai-based health and insurance startup Loop has appointed former CEO of Oura Harpreet Singh Rai as President, Healthcare. Community management platform MyGate elevated Rohit Jindal to co-founder while Pranav Shankar promoted to CTO of the company. - Edtech startup Masai elevated 3 internal leaders Keshav Mishra, Aman Vats and Ankit Agrawal to co-founders. - There were a couple of departures as well with shish Dave stepping down as CEO of Mirae Asset Venture Investments (India) after serving in the role for seven years and Open Network for Digital Commerce’s independent director Arvind Gupta also stepped down from the post. 3. M&As: - Managed office space provider Incuspaze has acquired Pune-based co-working firm Trios in a cash and stock deal to expand its business. - Premium dessert brand Walko Food Company has acquired Mumbai-based Meemee’s Ice Creams, marking its foray into the artisanal dessert market. - Zen Technologies has approved acquiring a majority stake in defence-tech startup TISA Aerospace, which focuses on loitering munitions and UAVs. 4. Other Developments: - Eggoz to raise Rs 125 Cr led by Gaja Capital - PhonePe, HDFC Bank partner to launch co-branded credit card - Logistics platform Shipway launches AI chatbot Loca - Eat Better has teamed up with Unicommerce to optimize and streamline its e-commerce operations - Skyroot Aerospace signs agreement with Axiom Space to propel space exploration efforts - AbhiBus partners with CheckMyBus to expand global access to intercity travel in India - Wakefit posts Rs 971 Cr revenue in 9M FY25; auditor raises concern over past financials - Net1 exits from Mobikwik with notable loss after 8 years. - Pine Labs files DRHP; Peak XV emerges as lead seller in OFS - Meesho completes reverse flip, merges US entity with Indian 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.