Week in review (Apr 11 - Apr 16)
Week in review (Apr 11 - Apr 16)
A quick rundown of the startups that made headlines this week. Funding and acquisitions in Indian startups this week.
Hi folks 🙋🏻♂️
A Quick Recap of the Week
Monday
Indian startup funding crosses $10 billion for the third consecutive quarter🤑
Varun Dhawan invests in Curefoods💪🏻
Coinbase suspends payments via UPI in India🙅🏻
Tuesday
Ola board approves acquisition of Avail Finance💰
Lenskart raises $100 Mn in a new round👓
BookMyShow sees business fast approaching pre-Covid levels🍿
Wednesday
After Zomato, Ola, Swiggy explore quick food delivery⏩
CoinSwitch Kuber temporarily disables rupee deposits🚫
Tech Mahindra launches 'meta village' for gamified learning🥽
Thursday
Pine Labs picks up majority stake in Mosambee, to bolster payments play🍊
PhonePe says it clocked 100 million transactions in a day for the first time💸
LazyPay partners with Zepto, expands BNPL service to quick commerce🤝🏻
Friday
Elon Musk offers to buy Twitter for $43 billion🛍
Flipkart invests $116 million in fashion retailer Myntra💵
WhatsApp gets NPCI approval to onboard 100 Mn users on UPI📲
Let’s move on to the top funding deals from the week.
Funding Deals
Dyte, a live video and audio platform, announced a $11.6 million funding round led by Unbound, Sequoia Capital India's Surge and Nexus Venture Partners.
Intuitive web platform designed to help people craft empathetic and more effective written content, Instoried has secured $200 million from Global Emerging Markets (GEM) group.
PhableCare, a chronic disease management company, has raised $25 million in a funding round led by Kalaari Capital.
Healthcare provider Medfin has raised $15 million in fresh funding from investors including Arka Nxt, HealthXCapital (Singapore), Blume Ventures, Axilor Ventures, Sony and Kotak Investments.
Healthtech startup Medikabazaar has raised $65 million in a new funding round led by Lighthouse India Fund.
Bike taxi startup Rapido raises $177.5 Mn funding led by foodtech giant Swiggy.
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