Week in review 🎨(Mar 14 - Mar 19)
Week in review 🎨(Mar 14 - Mar 19)
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
Piyush Goyal calls upon startups to help India become self-reliant in energy, defence sectors💪🏻
Unacademy goes phygital, launches first experience centre📚
Airbnb to open technology hub in Bengaluru🏡
Tuesday
BharatPe enters gold loan segment; hopes to disburse ₹500 crores this year🥇
Reliance Industries acquires all assets of Lithium Werks for $61 million🔋
IPO-bound Byju's raises $800 mn in funding, CEO Byju Raveendran invests $400 mn💰
Wednesday
Tatas plan to launch ‘super app’ in April with IPL marketing push🦸♂️
Zomato and Blinkit likely to merge in a share-swap deal🤝🏻
New-age companies lose up to 68% of market cap💅🏻
Thursday
Bullish on PhonePe, no call yet on Flipkart IPO, says Walmart CEO🎯
Razorpay makes its fifth acquisition, takes over IZealiant to bolster offerings🏦
Amagi enters India's unicorn club with $95 million funding from Accel, others🦄
Friday
Reliance, Tata to join Amazon, Flipkart in dominating Indian e-commerce🛒
Reliance, Ola Electric win incentives in India's $2.4B battery scheme🔌
Amazon closes $8.5 billion deal to acquire Hollywood studio MGM🦁
Let’s move on to the top funding deals from the week.
Funding Deals
Atlan has raised $50 million led by Insight Partners, Salesforce Ventures, and Sequoia Capital India, valuing the data collaboration workspace startup at $450 million.
Live video conferencing infrastructure startup, 100ms, has bagged USD 20 million in a Series A funding round led by Alpha Wave Incubation with participation from Matrix Partners India and LocalGlobe.
Revfin, an e-mobility consumer lending platform has raised Rs 100 crore in a debt funding round led by Northern Arc, Liquiloans, and others.
D2C fresh meat unicorn Licious has raised $150 million in a Series F round led by Singapore-based Amansa Capital, along with Kotak PE & Axis Growth Avenues AIF - I.
Jewellery retailer Bluestone has raised over $30 million in funding at a valuation of $410 million from Hero Enterprises.
E-commerce roll-up startup UpScalio has bagged $15 million in its pre-Series B round led by UAE-based Gulf Islamic Investments (GII).
Employee engagement platform inFeedo has secured $12 million in Series A funding led by Jungle Ventures and Tiger Global.
Multiplier, a business-to-business (B2B) enterprise employment platform, has raised $60 million in a funding round co-led by Tiger Global and Sequoia Capital India.
Health benefits startup ekincare has raised $15 million in a Series B funding round led by HealthQuad and Sabre Partners.
Gifting platform Ferns N Petals has raised Rs 200 crore (USD 27 million) in a funding round led by Lighthouse India.
Logically, a tech startup that tackles harmful misinformation online, has raised $24 million in a funding round led by Vitruvian Partners.
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