Week in review 🗽 (Nov 7 - Nov 12)
A quick rundown of the startups that made headlines this week. Funding and acquisitions in Indian startups this week.
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Quick Recap of the Week
➡️ Monday
Reliance to buy Metro AG’s India biz for €500 million🏬
Lionel Messi becomes a global brand ambassador of BYJU's 'Education For All'⚽
With ₹14,752 cr net, SBI beats RIL to become the most profitable company in Q2📈
➡️ Tuesday
Paytm Q2 revenue up 76%, loss expands to Rs 571.5 crore💰
Zomato Pay goes live in some cities, replacing Zomato Pro🍜
upGrad to invest $30M to launch 10 global campuses in US, India next year🎓
➡️ Wednesday
World's largest crypto exchange Binance to acquire rival FTX👛
BSNL deal will boost TCS’ global telecom offerings, says COO📶
Snap launches its Sounds Creator Fund in India🎶
➡️ Thursday
Adani Ports picks 49.38% stake in Indian Oiltanking for Rs1,050 cr🛢️
SaaS unicorn Netcore puts off IPO over 'uncertain market conditions’📊
Sequoia Capital India sells stake in Indigo Paints for ₹210 crores 🎨
➡️ Friday
Prime Video ropes in sponsors, and advertisers for the India-NZ series🏏
Lenskart revenue jumps 66%, records net loss of Rs 102.3 Cr in FY22👓
Sequoia Capital writes down its entire investment in FTX📉
Let’s move on to the top funding deals from the week.
Funding Deals
IPO-Bound car search platform CarDekho Group aims to infuse $100 million in its Fintech entity called Rupyy in a mix of debt and equity.
Masai School, a JobTech institute, raised $10 million in a Series B round led by Omidyar Network India, with existing investors including India Quotient and Unitus Ventures, as well as Alteria Capital. Mithali Raj and Bhaichung Bhutia both participated in the round as investors and partners.
Digital gaming marketplace Driffle has raised $3.4 million in its seed round led by BEENEXT and other investors, including JAFCO Asia, Taurus Ventures, Better Capital and White Venture Capital.
Hyderabad-based HR tech firm Keka has raised $57 million in a series A funding from WestBridge Capital.
Healthtech platform CureBay has raised ₹50 crores, or about $6.1 million, in Series A funding round led by early-stage venture capital firm Elevar Equity.
Upskilling platform AlmaBetter has raised $2.7 million in a seed round from Kalaari Capital and others. Angel investors and founders include Vidit Aatrey, Sanjeev Kumar, Rajesh Yabaji, Varun Alagh, and Rahul Dalmia.
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