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Week in review✨ (Aug 08 - Aug 13)
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
Binance, WazirX ownership fight has users in a fix⚔️
UpGrad raises $210 million during layoffs season at edtech firms🎓
Tata Motors EV subsidiary acquires Ford's Sanand plant for ₹726 crore🚘
Paytm at near 6-month high as quarterly revenue surges 89%📊
SoftBank CEO pledges cost cuts after $23.4Bn loss✂️
Green energy will be RIL crown jewel in 7 years: Mukesh Ambani👑
Oyo acquires Danish chain Bornholmske🏡
CoinSwitch launches Web3 Discovery Fund for emerging blockchain startups💰
Microsoft joins ONDC, plans to launch social ecommerce app🛒
Disney beats Netflix on streaming subscribers, announces higher prices🥇
Zandu scion Nihar Parikh sets up family office for healthcare bets⚕️
Meta raises $10 billion in the first-ever bond offering💰
Zomato Hyperpure acquires Blinkit’s warehousing business🏬
New lending rules will force fintech firms to focus on NBFC ops📜
India holds the world's highest rate of recognising start-ups per day💡
Let’s move on to the top funding deals from the week.
Customer engagement and user retention software platform Clevertap has raised $105 million in a Series D funding round led by global investment group CDPQ.
Tech-driven portfolio management service and alternative investment fund (AIF) platform Dezerv has raised $20.7 million in its Series A round led by Accel Partners.
SquadStack, a SaaS-enabled talent marketplace for sales, has raised $17.5 million in a round led by Bertelsmann India Investments, along with existing investors Chiratae Ventures and Blume Ventures.
Jodo, a fintech startup focused on education payments, has raised $15 million in a fresh funding round led by New York-based investment firm Tiger Global.
Bigspoon, a cloud kitchen startup, has raised Rs 100 crores in a funding round led by IAN.
Lysto, a web3 startup that provides tools to gamers, has raised $12 million (about Rs 95 crore) from Square Peg, Beenext, Hashed, Tiger Global, and Better Capital.
Have a wonderful weekend!🥳
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