Supercomputing IPO's, SaaS Management and more

Welcome back to TechMantras!

Your one-stop guide for information on the Indian startup Ecosystem.

Every week, I consume various articles on the Indian startup ecosystem, and deliver exciting metrics and developments through a quick read.

A quick look at some news the past week:

• Flipkart hands out $700 Million paycheck to employees

• Nazara raises Rs 750Cr 

• Drone startup Garuda Aerospace scale their revenue 3x already at Rs46.8 crore in FY 23

1. 🔗 Link: Supercomputer systems manufacturer goes public

• Netweb Technologies provides server, storage and high performance computing solutions

• The funds will be used for overall expenditure and working capital

• The company has already taken a placement for 10,20,000 shares

2. 🔗 Link: SaaS management startup raises $20 Million

• Zluri, with this latest round, now has raised a total of $32 Million in venture funding

• They are an enterprise management platform for IT teams and has over 250 clients

• The fresh proceeds will help them double down on AI to transform identity governance, the company said in a release

3. 🔗 Link: Yubi’s valuation touches $1.5 Billion

• Following the secondary transaction, it’s parent company stakes are now under 50%

• Yubi achieved unicorn status last year, after a $137 Million funding round

• During FY22, operating revenue shot up to Rs 153 Crore from Rs25 Crores the previous year

And that’s all for today friends! Thanks for reading, and I would love to hear your thoughts.

As always, feel free to reach out to me on LinkedIn or Twitter!

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