Week in review π (Dec 12 - Dec 17)
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
β‘οΈ Monday
Tata Group plans to open 100 small exclusive Apple storesπ±
ADIA looks to invest $400 million in Lenskart at $4.5 billion valuationπ
Snapdeal drops IPO plan, withdraws DRHPπ
β‘οΈ Tuesday
Paytm's loan disbursals rise 374% YoY to Rs 6,292 crore in Oct-Nov periodπ°
Shikhar Dhawan announces $75 million global investment sports tech fundπ
Elon Musk dissolves Twitter's Trust and Safety CouncilβοΈ
β‘οΈ Wednesday
Viacom18 explores aggregating digital platforms under a super appποΈ
Air mobility startup Bumble Bee Flights raises $37 million in fundingπ
Paytm announces Rs 850-Crore share buybackπ
β‘οΈ Thursday
Google's Appscale Academy returns to help Indian startups achieve scaleπ‘
HDFC Bank acquires 7.75% stake in payments startup Mintoakπ³
EVs to create up to $100 billion opportunity in India by 2030: Reportπ΅
β‘οΈ Friday
Reliance launches new brand on Adaniβs turfπ§
Byjuβs-BCCI jersey partnership may end soonπ
Card fintech company Slice receives prepaid pay licence from RBIπ³
Letβs move on to the top funding deals from the week.
Funding Deals
Edtech start-up Uolo has raised $22.5 million in a Series A funding round led by UAE-headquartered venture capital fund Winter Capital.
Seed-stage fund Java Capital, which has backed firms including aerospace startup Agnikul Cosmos and fintech firm BharatX, has launched its first fund with a corpus of Rs 75 crore (about $9 million).
Nutritionalab Pvt. Ltd brand Wellbeing Nutrition, a direct-to-consumer company, has raised $10 million, or around βΉ85 crores, in a Series B round led by Hindustan Unilever Ltd. (HUL) and Fireside Ventures.
New-age fintech platform Zype has raised Rs 146 crore ($17.6 million) in a new round led by Mumbai-based private equity fund Xponentia Capital.
Venture debt firm BlackSoil has invested $5 million in three startups including battery swapping network BatterySmart, Upmove Capital (NBFC arm of SmartCoin) EV-focused lending platform Revfin.
NeoGrowth, an MSME-focused digital lender, has raised Rs 300 crore ($36 million) in a Series D equity round led by FMO, a Dutch entrepreneurial development bank, along with existing investors.
Automotive aftermarket firm myTVS has raised Rs 203 crore from Lingotto, a subsidiary of Exor NV in a funding round.
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