#funding Tech News.
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The latest funding news, distilled by AI into sharp ~100-word summaries. ByteBrief tracks funding across dozens of tech sources and brings you only what matters, updated hourly. Tap any story for the full brief, or open the original source.
SUGAR Cosmetics raised ₹144.47 Cr from A91 Partners at a valuation of ₹550-600 Cr, an 75-80% cut from its November 2024 round. FY25 operating revenue fell 20% to ₹404.4 Cr, while net loss nearly doubled to ₹135 Cr.
EU-Startups tracked European startup funding rounds between Aug. 31 and Sept. 04. The weekly round-up lists all deals, but full details are restricted to CLUB members. Non-members must sign up for access.
Wonderful raised $550M. Mykhailo Fedorov launched a new defence-tech investment fund. Londoners can now hail autonomous vehicles with safety drivers. Europe saw over 50 tech funding deals worth over €4.6 billion this week.
Venture funding into Indian startups fell to $196 million across 24 deals in the first week of September, down from $245 million the prior week. Pre-Series A rounds saw the highest deal activity but contributed low value, reflecting the early-stage funding trend.
European tech funding fell 63% in August to €3.2 billion across 165 deals, down from €8.6 billion in July. Swedish software company Lovable raised $400 million in a Series C, doubling its valuation to $13 billion. AI captured 20.9% of funding.
Cradlewise raised $12 million in a Series A round led by 3one4 Capital and Prudent Investment Management. The AI smart crib maker, founded by Radhika and Bharath Patil, has raised $26 million to date and plans to expand beyond cribs into sleep products for older children.
Catch exited stealth with $5 million in seed funding co-led by Entrée Capital and Pitango, with Seedcamp and Factorial Capital participating. The Tel Aviv startup's AI executive assistant schedules meetings, manages email, books travel, and handles admin tasks without prompts, having processed over 200,000 emails.
Comet raised Rs 100 crore ($10.6 million) in Series B funding led by Verlinvest, with Elevation Capital, Nexus Venture Partners, and angel investors participating. The sneaker brand will expand from 10 to 20 stores and double its footwear lineup to eight models.
Summaries by ByteBrief