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🛵

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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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