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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
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📔
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📊
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📈
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📱
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.
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.
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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