Week in review 🎄 (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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“Never give up, for that is just the place and time that the tide will turn.”
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Quick Recap of the Week
➡️ Monday
Tata Group plans to open 100 small exclusive Apple stores📱
ADIA looks to invest $400 million in Lenskart at $4.5 billion valuation👓
Snapdeal drops IPO plan, withdraws DRHP📊
➡️ Tuesday
Paytm's loan disbursals rise 374% YoY to Rs 6,292 crore in Oct-Nov period💰
Shikhar Dhawan announces $75 million global investment sports tech fund🏏
Elon Musk dissolves Twitter's Trust and Safety Council⚖️
➡️ Wednesday
Viacom18 explores aggregating digital platforms under a super app🎞️
Air mobility startup Bumble Bee Flights raises $37 million in funding🚁
Paytm announces Rs 850-Crore share buyback📊
➡️ Thursday
Google's Appscale Academy returns to help Indian startups achieve scale💡
HDFC Bank acquires 7.75% stake in payments startup Mintoak🌳
EVs to create up to $100 billion opportunity in India by 2030: Report🛵
➡️ Friday
Reliance launches new brand on Adani’s turf🧃
Byju’s-BCCI jersey partnership may end soon🏏
Card fintech company Slice receives prepaid pay licence from RBI💳
Let’s 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 ₹85 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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