Week in review🦄 (Aug 15 - Aug 20)
Week in review🦄 (Aug 15 - Aug 20)
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
👉🏻 Independence Day
How Indian economy has fared since 1947
👉🏻 Tuesday
India's techade is here: PM Modi in Independence Day speech💪🏻
Ola to launch first electric car by 2024, introduces new S1 scooters🚗
Warren Buffett's Berkshire Hathaway buys more Apple, Amazon while betting on oil📊
👉🏻 Wednesday
Digit Insurance files draft IPO papers with Sebi📊
PhonePe plans fresh ecommerce foray via ONDC🛒
Digital India Act to cover social media, OTT, metaverse and more📜
👉🏻 Thursday
Logistics aggregator Shiprocket turns unicorn with $32 million funding🦄
Razorpay enters offline payments with Ezetap buy💵
Stride Ventures closes its $200 million India Fund II💰
👉🏻 Friday
Flipkart’s venture arm to back six startups in accelerator program💰
Tiger Global leads fresh funding in Jar at $300 million valuation🏺
Big VC funds turn bullish on EV startups amid funding slowdown🛵
Let’s move on to the top funding deals from the week.
Funding Deals
goEgoNetwork, an electric vehicle charging infrastructure solutions provider, has raised $8 million in a Series A funding round from investors including venture capitals and HNIs.
Ratan Tata has invested an undisclosed capital in senior companionship startup Goodfellows, which has been founded by Shantanu Naidu, a manager in his office.
Digital lending platform Abhi Loans has raised $4.5 million in debt and equity round led by DMI Sparkle Fund along with angel investors.
Graas, a solution provider the for e-commerce industry, has raised more than USD 40 million in the first close of Series A funding round led by Galaxy, Performa, Integra Partners, Yuj Ventures (Xander Group) and AJ Capital.
Electric vehicle fast-charging startup Exponent Energy raised $13 million in funding led by Lightspeed Venture Partners.
Rusk Media, an Indian digital entertainment company, has raised $9.5 million in an extended series A funding round, led by Seoul-based DAOL Investment and Audacity Ventures.
Copperpod Digital, the parent company of Metamaxx.io, has raised USD 10 million in funding led by KFC Ventures.
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Have a wonderful weekend!🥳
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