Flink SE has raised $100 million in a funding round valuing the grocery delivery startup at $900 million, signalling recovery from its pandemic-era valuation decline. The round was led by Prosus NV, with participation from existing investors and new backer Btomorrow Ventures, the venture arm of British American Tobacco. The increased valuation marks a stabilisation for the company, which had seen its worth plummet from pandemic highs when demand for quick grocery delivery surged. The funding represents a turnaround for Flink as the delivery sector continues to consolidate following the post-pandemic slowdown in online ordering.

Bengaluru-based spacetech startup EtherealX has raised $20.5 million in a Series A round led by existing investor BIG Capital, with participation from TDK Ventures, Accel, Prosus, YourNest Venture Capital, BlueHill Capital, Campus Fund and Riceberg Ventures. The round values the company at approximately $80 million, a sixfold increase from its $13 million valuation during its $5 million seed round in August 2024. Founded in 2022, EtherealX is developing Razor Crest Mk-1, a fully reusable medium-lift launch vehicle designed to place up to eight tonnes into low Earth orbit. The rocket will also be capable of delivering payloads to geostationary transfer and trans-lunar injection orbits. Following the round, BIG Capital will become the largest external shareholder with a 12.11% stake, whilst co-founders retain 13.04% each.

Qureos, an AI-powered recruitment platform founded in the Middle East, has raised $5 million in a seed round led by Prosus Ventures and Salica Oryx Fund. Participants include Oraseya Capital, PlusVC, F6 Ventures, BDev Ventures, Sunny Side Venture Partners, and Daniel Tyre, an early HubSpot executive. The platform addresses high-volume recruitment challenges by reducing hiring times from months to as few as six days. Co-founded by Alexander Epure and Usama Nini, Qureos uses Iris, an AI assistant that automates candidate sourcing, screening and interviewing whilst providing personalised feedback to applicants. The platform integrates with major HR systems including SAP SuccessFactors and Oracle, and serves over 1,000 organisations including Qatar Airways and Dubai Economy and Tourism. The funding will support AI development, team expansion and geographical growth through partnerships.