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.

Start your day with tech stories that matter!

Daily Mail with a quick wrap of tech highlights and growth strategy that you can read in 2 mins!

Join for free👇🏻

---

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)

---

Check our socials Instagram, Twitter, LinkedIn.

Feel free to drop a message; we have multiple internship openings.

Have a wonderful weekend!🥳

Thanks for reading😊

If you enjoy these emails, please tell a friend about Rise & Shine. It’ll help us reach curious people.