A look at this week's startup deals: boAt, ZestMoney, Physics Wallah, BharatPe were in news

Startup space remained action-packed this week with a slew of firms raising funds while a few others starting potential acquisitions and merger talks. Meanwhile, Aman Gupta, co-founder of homegrown audio and wearable brand boAt, revealed on Saturday that he and his wife Priya Dagar walked the red carpet at the Cannes Film Festival. On the other hand, according to a report, total funding raised by mom and baby care startups and companies plunged in 2022.

ZeeBiz.com has curated a list of top developments this week featuring boAt, ZestMoney, Physics Wallah, and BharatPe.

Cannes 2023: boAt's Aman Gupta 1st Indian entrepreneur to walk red carpet

Aman Gupta, Co-founder of homegrown audio and wearable brand boAt, revealed on Saturday that he and his wife Priya Dagar walked the red carpet at the Cannes Film Festival -- the first entrepreneur from India to do so at the prestigious event.

ZestMoney founders quit as fintech startup fails to raise capital

The founders of ZestMoney, India`s digital EMI financing platform, have reportedly resigned as the Goldman Sachs-backed fintech startup has failed to raise fresh capital. According to a TechCrunch report, its founders Lizzie Chapman, Priya Sharma and Ashish Anantharaman informed employees about their decision via an email.

Funding into mom & baby care companies plunges 80% in 2022, no new unicorns

Total funding raised by mom and baby care startups and companies was $418 million in 2022, a plunge of 80 per cent from $2.1 billion in 2021, a report has shown. Mom & Baby Care companies in the US have raised $5 billion till date, while those in China and India raised $2.8 billion and $1.4 billion, respectively, according to Tracxn, a leading global SaaS-based market intelligence platform.

Physics Wallah to invest Rs 100 crore to boost UPSC test preparation

Ed-tech platform Physics Wallah said it plans to invest Rs 100 crore towards strengthening its UPSC vertical and launched the first centre for UPSC test preparation in Rajinder Nagar area here. The edtech unicorn will invest the money towards augmenting its UPSC offerings for both the online (UPSC Wallah) and offline (PWOnlyIAS) segments and aims to train over 3 lakh aspirants in the next three years.

BharatPe appoints Sandeep Indurkar as CBO-Banking & Alliances

Fintech platform BharatPe on Thursday announced the appointment of Sandeep Indurkar as its Chief Business Officer - Banking and Alliances.