Week in review🦄 (Sep 05 - Sep 10)
Week in review🦄 (Sep 05 - Sep 10)
A quick rundown of the startups that made headlines this week. Funding and acquisitions in Indian startups this week.
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A Quick Recap of the Week
➡️ Monday
Ranveer Singh invests in beauty company Sugar Cosmetics💄
Meesho ropes in celebs to push five-day mega sale🛍
ED raids Paytm, Razorpay, Cashfree Payments in Chinese loan app case🤯
➡️ Tuesday
Unacademy launches 50 education channels▶️
CCI clears PayU's $4.7 billion acquisition of BillDesk💸
Reliance Industries to acquire 79.4% stake in US-based SenseHawk for $32 mn☀️
➡️ Wednesday
1mg enters unicorn club after $41-million funding from Tata Digital🦄
Flipkart forays into hospitality sector with the launch of hotel booking feature🏨
As many as 90% of comments on my Twitter account are bots: Elon Musk🤖
➡️ Thursday
Digital currency to be launched as pilot project this year: RBI Deputy Governor🪙
Venture Catalysts partners with Credai for $100-million real estate startup fund🏢
ONDC to be opened to public in one or two cities this month: Goyal🛍️
➡️ Friday
Google Play pilots real money rummy, fantasy sports apps in India🎰
Dunzo Daily’s Bengaluru operations hit as delivery staff protest🚴♂️
Twitter is testing a ‘share to WhatsApp’ button in India📝
Let’s move on to the top funding deals from the week.
Funding Deals
Space-tech startup Skyroot Aerospace has raised $51 million (about Rs 403 crore) in its latest funding round, led by Singapore’s sovereign fund, GIC.
Revenue-based financing platform Klub on Monday announced the final close of its Aceler8 fund that will invest INR 200 Cr in consumer and SaaS businesses.
ZippMat, a service platform for construction supply chain, has raised $10 million in an equity and debt round led by Matrix Partners India.
GroMo, a fintech platform for distribution of financial products in tier 2-and-beyond cities, has raised $11 million in equities from a clutch of investors led by SIG Venture Capital.
Supply chain finance startup CashFlo has raised $8.7 million (Rs 70 crore) in funding as part of its second round of capital raise led by General Catalyst.
Daalchini, a retail tech startup, said it has raised $4 million in its Series A funding round led by Unicorn India Ventures.
FinAGG, a Noida-based fintech firm offering cashflow-based supply chain finance, has raised $3 million in a pre-series-A funding round, led by venture capital company BLinC Invest.
Weekend Reads
India overtakes UK to become fifth-largest economy (Read here)
The Adani – NDTV Takeover (Read here)
Ethereum ‘merge’ will change crypto forever (Read here)
How the Indian economy has fared since 1947 (Read here)
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Have a wonderful weekend!🥳
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