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

👉🏻 Monday

• 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🚘

👉🏻 Tuesday

• 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👑

👉🏻 Wednesday

• Oyo acquires Danish chain Bornholmske🏡

• CoinSwitch launches Web3 Discovery Fund for emerging blockchain startups💰

• Microsoft joins ONDC, plans to launch social ecommerce app🛒

👉🏻 Thursday

• 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💰

👉🏻 Friday

• 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💡

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Let’s move on to the top funding deals from the week.

Funding Deals

• 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.

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