Week in review ✨(Jan 09 - Jan 14)
Week in review ✨(Jan 09 - Jan 14)
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
Disney’s arm paid Rs 178.13 Cr for Hotstar’s US biz📺
LEAD to acquire Pearson's local K-12 learning business in India👩🏻🏫
OpenAI in talks to raise funds valuing it at $29 billion🤑
➡️ Tuesday
India’s iPhone exports doubled to over $2.5 billion in Apr-Dec📱
Paytm says loan disbursal jumps 4-fold in December 2022💰
TCS Q3 net grows 11% to Rs 10,846 Cr, crosses $7-Bn quarterly revenue milestone📈
➡️ Wednesday
Flipkart marketplace arm gets $90 million cash infusion🛒
BharatPe gets RBI nod for online payment aggregator🏦
Meta bans ads targeted teens based on gender🚫
➡️ Thursday
Govt may seek deals with other countries for India-made chips🧑🏻🔧
NRIs from 10 countries can use UPI with domestic accounts, int’l phone numbers💸
Tata reviews super app strategy as sales may miss the target by 50%🦸🏻
➡️ Friday
Infosys Q3 results: net profit up 13.4% YoY to Rs 6,586 crore📈
Goat Brand Labs buys Chumbak, four others amid D2C consolidation🎒
Paytm, Nykaa shares crack amid block deals📉
Let’s move on to the top funding deals from the week.
Funding Deals
Digital lending platform KreditBee has raised another $100 million in its Series D round from private equity firm Advent International. With this, the company has raised $180 million in the past two months.
Wakefit, a direct-to-consumer (D2C) mattress and furniture maker, has raised $40 million led by Investcorp.
Rural commerce startup VilCart has raised $13 million in a Series A funding round led by Asia Impact.
Health food brand The Whole Truth has raised $15 million in its Series B round, led by Sequoia Capital India.
Gurugram-based healthcare edtech startup Virohan has raised $7 million in a bridge round of funding, dubbed pre-Series B1, led by Blume Ventures.
Learning management system startup Toddle has raised $17 million in its Series A funding round, led by Sequoia Capital India.
Super app for car owners Park+ has raised $17 million (about Rs 140 crore) in its Series C round, led by existing investors Epiq Capital, Sequoia Capital and Matrix Partners India.
Edtech firm Lead has raised Rs 160 crore in funding via a mix of long-term capital from Alteria Capital and Stride Ventures.
Blue and grey-collar job portal WorkIndia has raised $12 million in its pre-Series B funding led by SBI Holdings, Tokyo, Yamauchi No.10 Family Office, the founding family of Nintendo, Persol, and Insitor.
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