Week in review🧑🏻💻 (Sep 26 - Oct 01)
A quick rundown of the startups that made headlines this week. Funding and acquisitions in Indian startups this week.
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“Be strong now, because things will get better. It might be stormy now, but it can't rain forever.”
We should always remember that life is all about ups and downs, and you have to bear them anyhow! You cannot escape the hardships and expect everything to work in your favor. When we compare our life with the road, it doesn’t appear smooth all the time in the same way; we might have to face several obstacles throughout our life! It doesn’t rain forever. It can be stormy now, but things will eventually get better with the passage of time. We need to understand things are getting better, if not today, very soon!
Quick Recap of the Week
➡️ Tuesday
Mahindra Logistics buys Rivigo’s B2B express business for Rs 225 crore🚚
BigBasket looks to raise $200 million at up to $3.5 billion valuation🧺
Apple starts making the iPhone 14 in India📱
➡️ Wednesday
Razorpay enters rewards management space with PoshVine acquisition💰
Bootstrapped startup CSO is helping other startups to hire🧑🏻💻
Reliance shelves ecommerce marketplace plan for third-party sellers🙅🏻♀️
➡️ Thursday
Tatas may bring startup businesses under one roof🏡
Zerodha's Nikhil Kamath tops Hurun's self-made rich list 2022🤑
Zomato to expand Intercity Legends service to more cities🥘
➡️ Friday
Tata Digital's revenue up three-fold to about Rs 16,000 crore after acquisitions💸
Good Glamm to take four beauty brands to international offline retail🌎
US tech IPO market faces worst year since 2008 financial crisis📉
Let’s move on to the top funding deals from the week.
Funding Deals
Digital banking infrastructure provider Signzy has raised Rs 210 crore (about $26 million) from Gaja Capital and its existing investors, Vertex Ventures and Arkam Ventures.
Biomedical molecular data company Elucidata has raised $16 million in a Series A funding round led by Eight Roads Ventures.
Saveo, a B2B marketplace for pharmacies, has raised $4.5 million in a funding round co-led by Matrix Partners, Gunosy Capital , and 4point0 Health Ventures.
Mental and emotional healthcare startup Lissun has raised $1 million in a pre-seed round led by IvyCap Ventures.
Electric scooter maker Ather Energy has raised Rs 50 crore debt from InnoVen Capital.
Yogurt-brand Epigamia has raised a debt funding of Rs 35 crore from Grand Anicut.
3D reconstruction platform Preimage has raised Rs 14 crore in a seed round led by pi Ventures.
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