Week in review ⛄ (Dec 05 - Dec 10)
Week in review ⛄ (Dec 05 - Dec 10)
A quick rundown of the startups that made headlines this week. Funding and acquisitions in Indian startups this week.
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"If it comes, let it come. If it stays, let it stay. If it goes, let it go."
One should not try to resist or hold onto things that are temporary or fleeting. Instead, one should accept whatever comes, stays, or goes in life, and let it happen naturally. This can be seen as a way of practicing non-attachment and letting go of expectations or desires that may lead to suffering. The idea behind the quote is that by letting go and accepting things as they are, one can find peace and contentment in life.
Quick Recap of the Week
➡️ Monday
Tata CLiQ Luxury plans to add 10 more boutique brands to its portfolio👢
ISRO's open infrastructure is giving wings to startups🚀
Start-up funding rise in November to $1.27 Bn, the highest since June💸
➡️ Tuesday
India to be a major hub for iPhone manufacturing📱
Good Glamm Group picks up 51% stake in Twinkle Khanna's Tweak💁🏻♀️
Razorpay allows merchants to accept credit card payments via UPI💳
➡️ Wednesday
Jio launches beta of cloud gaming platform JioGamesCloud🎮
What is ChatGPT and can it replace humans?🤖
IIT-ians bag 133 job offers with packages of Rs 1 crore or more🧑🏻🎓
➡️ Thursday
5G Services Deployed In 50 Towns So Far: Ashwini Vaishnaw🗼
Blume Ventures closes its largest India-dedicated fund at $250 million💰
RBI announces a new feature to make UPI payments easier💱
➡️ Friday
HUL buys into 2 digital-first wellness startups for ₹334 cr🏋🏻
Pottery Barn signs Deepika Padukone as brand ambassador🛋️
Amazon will continue to invest in new biz: Manish Tiwary💰
Let’s move on to the top funding deals from the week.
Funding Deals
Consumer nutrition platform HealthKart has raised $135 million in a funding round led by Temasek with participation from A91 Partners and Kae Capital.
Bengaluru-based lending tech startup KreditBee has secured $80 Mn as a part of its ongoing series D funding round from existing investors Premji Invest, Motilal Oswal Alternates, NewQuest Capital Partners and Mirae Asset Ventures.
New age beauty brand RENEE Cosmetics has raised $25 million in a Series B round led by Evolvence India with participation from Edelweiss Group and existing investors Equanimity and 9Unicorns.
Uniqus Consultech Inc, a tech-enabled platform that offers ESG, and accounting and reporting consulting, announced the launch of its operations by raising $12.5 million in Series A funding for a minority stake sale.
Vidyut Tech, a startup focused on EV financing and vehicle lifecycle management has raised $4 million in a mix of equity and debt in a round co-led by Force Ventures, Veda VC, and a clutch of strategic angels in the clean energy space.
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