Week in review✨ (Oct 17 - Oct 22)
A quick rundown of the startups that made headlines this week. Funding and acquisitions in Indian startups this week.
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“Every day wake up and commit yourself to becoming a better person.”
Doing the same things on a routine base sometimes becomes annoying. Take an example: a person working in a company, having a 9:00a.m-5:00a.m job, gets tired of his routine and if he doesn’t think to have growth in his life probably no one can help. But sparing a few of your days’ time for your self-development is very important, one should always spare a few of his/her minutes to do something that is a hobby or passion. There are many ways to self-development even doing a 5-minute meditation can also give you a positive start and helps in self-development. There is no limit to becoming a better person all you need to have is self-trust.
Quick Recap of the Week
Tata Play ventures into OTT space with new service📺
Infosys becomes India’s fourth-largest firm by market cap after Q2 show📈
Elon Musk has a 'super app' plan for Twitter🌟
Flipkart launches metaverse shopping experience with Flipverse🥽
Byju’s raises another $250 million from existing investors💰
Meta India clocks gross ad revenues of Rs 16,189 crore in FY 2021-22📈
Adani Defence Systems to acquire Air Works at an enterprise value of ₹400 Cr🛩️
PhonePe more than doubles its revenue💸
Lulu Group to infuse ₹3,000 cr to set up India's biggest mall in Ahmedabad🏬
Tata-backed fitness chain Cult.fit gears up to float IPO in 12-18 months🏋🏻
Oyo plans to add around 400 properties in leisure markets🏡
India well placed to become high-growth Web3 market: Nasscom🌐
JPMorgan launches fundraising platform to lure startups💹
Indian Angel Network closes its second fund of Rs 1,000 cr🤑
CCI imposes Rs 1,338-crore fine on Google for 'anti-competitive practices'🛑
Let’s move on to the top funding deals from the week.
Fintech startup Snapmint has raised USD 21 million, about Rs 160 crore, in an equal mix of equity and debt from existing investors as well as institutional investors led by Prudent Investment Managers CEO and CIO Prashasta Seth.
Electric scooter maker Ather Energy has raised $50 million, led by existing backer Caladium Investment.
Shardeum, a layer 1 blockchain co-founded by Nischal Shetty, a co-founder of WazirX, India's largest crypto exchange by trading volume, has raised $18.2 million in a seed funding round from more than 50 investors, including Jane Street, Struck Crypto and the Spartan Group.
Data and analytics company Lumiq has raised Rs 44.1 crore or $5.5 million in its Series A round led by existing investor Info Edge.
Financial modelling software provider for businesses Drivetrain AI has raised $15 million as part of a fresh funding round led by Elevation Capital, Jungle Ventures and Venture Highway.
Online two-wheeler marketplace Beepkart has raised $9 million in a funding round led by Vertex Ventures.
GlobalFair, a supplier of building materials in the cross-border space, has raised $20 million in its Series A round through a mix of equity and debt led by Lightspeed.
RevFin, an EV financing platform for individual drivers, has raised a Series A round of $10 million in a combination of equity and debt led by Green Frontier Capital (GFC).
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