Week in review✨ (Oct 10 - Oct 15)

A quick rundown of the startups that made headlines this week. Funding and acquisitions in Indian startups this week.

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“The key to everything is patience. You get the chicken by hatching the egg, not by smashing it.”

People nowadays expect immediate results without having faith in the process. Patience in business or in life does not imply inaction. It entails not becoming frustrated or angry if your desires are not met immediately. Success does not happen overnight; it takes time. Impatience causes stress, bad decisions, and a loss of control. Be composed and calm as you go about your life and achieve your goals. We must comprehend things that take time. We must trust the process.

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Quick Recap of the Week

➡️ Monday

• Livspace earmarks $100 million for strategic acquisitions🛋️

• Indian startups in focus as Tiger Global eyes $6 billion venture fund💰

• Snapchat rolls out in-app tool for parents of teenagers👻

➡️ Tuesday

• Licious enters plant-based meat business with new brand Uncrave🍖

• Dhoni launches made-in-India drone 'Droni' from Garuda Aerospace🏏

• TCS Q2 results: net profit up 8.4% YoY to Rs 10,431 crore📈

➡️ Wednesday

• UPI & RuPay set sail to reach the shores of Europe💸

• India to press Apple, and Samsung for faster 5G software upgrades in phones📱

• Karnataka CM orders action against apps that offer auto rides without licence🛺

➡️ Thursday

• Car-sharing platform Zoomcar to go public🚗

• Fireside Ventures closes the largest fund at $225 million💰

• Edtech unicorn Physics Wallah acquires two more firms🧑🏻‍🎓

➡️ Friday

• Vedantu takes majority stake in test prep platform Deeksha for $40M🧑🏻‍🏫

• Shiprocket partners Shadowfax for same-day and next-day deliveries🚚

• Indian startup funding hits two-year low in July-September period: PwC India report📉

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

Funding Deals

• Ecommerce-focused logistics firm Ecom Express has secured $39 million in funding from existing investors Warburg Pincus, CDC Group and Partners Group.

• Artium Academy, an online music learning and community platform, has raised $3 million from Chiratae Ventures with participation from Anicut Capital, Jet Synthesis, Whiteboard Capital and angel investors.

• Adda247, a government test preparation platform, has raised $35 million in a round led by WestBridge Capital.

• Assiduus, an AI-powered cross-border e-commerce accelerator for D2C brands, has raised $15 million in a funding round led by Pulsar Capital with participation from 9Unicorn, Venture Catalyst, StrongHer VC, Carlos Cashman (Founder of Thrasio), Rajan Navani (JetLine Group of Companies) and others.

• Hyderabad-based D2C health-tech startup Good Health Company (GHC) has raised $10 million in its Series A funding led by Left Lane Capital.

• Vecmocon, a deeptech EV solutions startup, has raised $5.2 million in funding from Tiger Global, Blume Ventures and angel investors.

• Cryptocurrency investment platform Pillow has raised $18 million in a Series A funding round co-led by Accel, Quona Capital and Jump Capital.

• Isthara, a premium co-living brand and smart food court firm, has raised $10 million or Rs 81 crore in its new round led by Dubai-based Eagle Investments.

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