Week in review💡 (June 13 - June 18)
Week in review💡 (June 13 - June 18)
A quick rundown of the startups that made headlines this week. Funding and acquisitions in Indian startups this week.
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A Quick Recap of the Week
👉🏻 Monday
Android lock-screen platform Glance to launch in the US soon📱
Tencent buys 0.72% stake in Flipkart from Binny Bansal💰
Edtech players go hybrid as online growth slows👩🏻🏫
👉🏻 Tuesday
Sequoia closes largest India and SEA startup fund at $2.8 billion💸
Newly-minted unicorn PhysicsWallah plans personal coaching push👨🏻🏫
Crypto market cap back under $1 trillion, bitcoin below $24,000📉
👉🏻 Wednesday
Shiprocket takes majority stake in Pickrr in a $200 mn deal🎁
Coinbase to cut 1100 jobs amid turmoil in crypto markets🙅🏻♂️
PUBG maker Krafton lines up $100m+ for Indian tech startups🎮
👉🏻 Thursday
Learn from France to handle failures: Ashwini Vaishnaw to startups💡
Edtech unicorn UpGrad raises $225 million in funding, doubles valuation🎓
Crypto giant Binance opens 2,000 positions for hiring🪙
👉🏻 Friday
UPI and Rupay card services will be available in France soon👏🏻
ShareChat’s parent firm raises $255 million from Google, Times Group🤑
Tweak algorithms to be more like TikTok, Facebook tells employees📹
Let’s move on to the top funding deals from the week.
Funding Deals
B2B manufacturing startup Groyyo has raised $40 million in a combination of equity and debt in its Series A round led by Tiger Global.
Fintech giant Innoviti Payment Solutions has raised an additional fund from Alumni Ventures taking its ongoing Series D funding round to $22 million.
Microsavings platform Siply has raised $19 million from Qi Ventures, LetsVenture and a couple of angel investors.
Business-to-business construction material startup Infra.Market has raised $50 million in growth capital from Liquidity Group’s Mars Unicorn Fund.
Sunshine Teahouse Pvt. Ltd., the parent company of Chaayos, raised $45 million as part of its Series C funding round led by Alpha Wave Capital at a $250 million valuation.
Ecommerce roll-up firm Goat Brand has raised $50 million in a mix of equity and debt financing. New investors Winter Capital, 9Unicorns, Venture Catalysts, Vivriti Capital and Oxyzo participated in the round.
➡️ Check out our LinkedIn space for more on the funding deals.
Weekend Reads
Why Start-ups are Laying Off Employees (Read here)
Tech’s biggest losers in 2022 (Read here)
Domination of South Indian movies (Read here)
Have a wonderful weekend!🥳
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