Week in review🏭 (Sep 12 - Sep 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
➡️ Monday
- Tata Group in talks to join iPhone makers club📱 
- Need modern banks to build advanced economy: Sachin Bansal🏦 
- Nykaa completes acquisition of Digital Content Platform Little Black Book📔 
➡️ Tuesday
- Mensa Brands acquires MyFitness, aims to turn it into a Rs 1,000 crore brand🏋️ 
- Tata Cliq to open offline stores to sell beauty products💄 
- Sachin Bansal-led Navi Technologies gets SEBI nod for Rs 3,350 crore IPO📊 
➡️ Wednesday
- Vedanta to invest ₹1.54 trillion for chip making unit in Gujarat🏭 
- Blockchain startup 5ire acquires stake in Network Capital🎓 
- Most Twitter shareholders vote in favour of sale to Elon Musk: Report📈 
➡️ Thursday
- Byju's loss for FY21 widens nearly 20 times to Rs 4559 crore, revenue dips 3%📝 
- Ether trading surges on Indian crypto exchanges ahead of The Merge🤝🏻 
- Vedanta to set up iPhone manufacturing unit in Maharashtra📱 
➡️ Friday
- Ethereum’s ‘Merge Day’ lifts gloom in India’s Web3 community📈 
- India panel calls for regulatory body, new law for online gaming: report🎮 
- Instagram brings its parental supervision tools to India👀 
Let’s move on to the top funding deals from the week.
Funding Deals
- Electric mobility startup Yulu has raised $82 million (Rs 653 crore) in funding led by US-based Magna International Inc. 
- Sustainable D2C brand Beco has raised $3 million in Series A funding round led by Rukam Capital, with participation from investors including Priyavrata Mafatlal, Better Capital, Prashant Pittie and Titan Capital. 
- 91Squarefeet, a construction tech startup has raised $10 million in a Series A funding round led by Stellaris Venture Partners. 
- Artificial intelligence-based computer vision platform Awiros has raised $7 million in Series A round co-led by Inflexor Ventures and Exfinity Venture Partners. 
- B2B wealthtech startup Centricity has raised $4 million in funding led by the Burman family office, Shantanu Agarwal (LNJ Bhilwara group), and Arun Jain at a valuation of $20 million. 
- Data engineering and AI solutions startup Sigmoid has raised $12 million in its Series B round from Sequoia Capital India. 
- Agri-fintech startup Ayekart has raised $5.5 million as equity and debt fund co-led by corporate lending financial service firm Caspian Debt and individual focused micro financial platform Siply. 
Weekend Reads
- Charles III is King of Great Britain. Here’s what will happen now (Read here) 
- India overtakes UK to become fifth-largest economy (Read here) 
- The Adani – NDTV Takeover (Read here) 
- Ethereum ‘merge’ will change crypto forever (Read here) 
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