India

Editor’s take: The week that was — Dec 4-9

This edition features the monthly startup fundraising review and trends from India and Greater China.

Scimplifi will use the funds to expand its core team on the business, value engineering, and technology front.

M&As in Indian hospitals space totalled $4b in 2022 and $2.2b in the first five months of 2023.

India Quotient is an early backer in cosmetics company Sugar and LendingKart.

SenseAI Ventures has launched a $25-million SenseAI Fund I to invest in AI startups in India.

This is the third time since August that SoftBank will offload its stake in Zomato.

ProHance plans to expand to markets such as the Philippines, Australia, and South America.

Peak XV Partners and Khosla Ventures also participated in the round.

Lending is a core driver of Paytm’s profitability.

BPEA-EQT acquired a controlling stake in Indira IVF earlier this year.