Week in review🚦 (Nov 14 - Nov 19)
Week in review🚦 (Nov 14 - Nov 19)
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
Razorpay looking to go public in two to three years: cofounders💸
Visa terminates global debit card agreements with FTX💳
Mukesh Ambani enters the race to buy Liverpool⚽
➡️ Tuesday
Venture Catalysts’ 54 startups cross $50M in valuation in 7 years💰
Crypto investors want more transparency after FTX’s collapse🔍
Huge demand for development of native cloud applications in India: Microsoft☁️
➡️ Wednesday
Koo plans to launch in the US, its first market outside India🐤
Google launches UPI Autopay for Play Store subscriptions💸
RBI chooses five banks for retail digital currency pilot🏦
➡️ Thursday
Tata to open 20 'beauty tech' outlets, in talks with foreign brands💅🏻
Rebel Foods onboards 15 restaurants brands🍜
HDFC Capital to invest in 15 startups to drive affordable housing innovation, and efficiency🏠
➡️ Friday
ISRO to launch India's first privately built rocket today🚀
Government earmarks Rs 1,000 crore to fund chip design startups💾
WhatsApp and Messenger to drive next wave of sales growth: Mark Zuckerberg💭
Let’s move on to the top funding deals from the week.
Funding Deals
Global Dental Services (GDS) raised $66 million from Investcorp, Tybourne Capital Management, SeaLink Capital Partners, and existing investors.
Pune-based fintech SaaS startup Lentra has scooped up $60 million in a Series B round led by existing investors Bessemer Venture Partners and the Susquehanna International Group (SIG) Venture Capital.
Iba Cosmetics has raised $10 million (around Rs 80 crore) from Singapore-based beauty and personal care products company Believe Pte Ltd.
Yulu, a shared electric Mobility-as-a-Service (MaaS) player, has raised $9 million in debt financing led by the US International Development Finance Corporation (DFC), the United States government’s Development Financial Institution (DFI).
Content management and experience platform Contentstack has raised $80 million as part of its latest round of funding, co-led by Georgian and Insight Partners.
Blackstone-backed upskilling platform Simplilearn has raised $45 million in a funding round led by GSV Ventures, Clal Insurance, and ADQ.
Digital diabetes care platform BeatO has raised $33 million in Series B funding led by Lightrock India with participation from HealthQuad, Flipkart, and existing investors.
Corporate volunteering platform Goodera has bagged $10 million in a Series A funding round led by Elevation Capital, with participation from Zoom Ventures, Xto10X, Nexus Venture Partners, and Omidyar Network.
Chargeup, a battery swapping network for electric two- and three-wheelers, has raised $7 million in a pre-Series A1 round led by Capital-A and Anicut Capital along with other investors such as Ekta Kapoor, Sunil Kalra, and Sachin Mehra.
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