Week in review📊 (Sep 19 - Sep 24)

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

• Ola Electric to open "experience centres" to bolster scooter sales🛵

• Adani group overtakes Tatas in market cap. Gautam Adani now world's 2nd richest🤑

• TCS struggles to get millennials back to offices👩🏻‍💻

➡️ Tuesday

• Google CEO Sundar Pichai visits Indian Embassy🤝🏻

• Paytm tokenises over 52M cards across VISA, Mastercard and RuPay🗃️

• Good Glamm in talks to acquire Twinkle Khanna's Tweak India👩🏻

➡️ Wednesday

• Tata Group to pump in another Rs 3,462 crore in Tata Digital💰

• WinZo opposes self-regulatory structure for online gaming🎮

• Fintech industry must work relentlessly on safety to uphold people's trust: PM💸

➡️ Thursday

• Pepperfry to file draft IPO papers next quarter for 2023 listing🛋️

• MapmyIndia invests in KOGO to create navigation for automotive players🗺️

• YouTube offers creators new ways to make money😄

➡️ Friday

• Swiggy, Zomato among top 10 global online food delivery firms: Report🏅

• SoftBank cuts valuation of IPO-bound Oyo to $2.7 billion🏩

• Uber pilots in-car tablets in Delhi and Mumbai to boost ad revenue🚕

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Let’s move on to the top funding deals from the week.

Funding Deals

• Google-backed DotPe, founded by PayU India cofounder Shailaz Nag, is raising Rs 434.5 crore (or roughly $54.4 million) in funding led by Singapore’s sovereign fund Temasek.

• Rephrase.ai, an Artificial intelligence (AI) startup, has raised $10.6 million in funding led by Red Ventures.

• Solvy Tech Solutions, which runs insurtech platform Zopper, has raised $75 million from investors led by Creaegis to fund its expansion plan.

• Dltledgers (Distributed Ledgers Technology Pte Ltd), a blockchain-based, multi-enterprise supply-chain business network (MESCBN) platform has raised $8.5 million in a funding round led by the family office of the Tata Group and Centrum.

• Gifting solutions company Join Ventures has raised $23.5 million (Rs 187 crore) in a funding round led by MO Alternate Investment Advisors, a subsidiary of financial services conglomerate Motilal Oswal Financial Services.

• Audio streaming startup Kuku FM has raised $21.8 million in funding led by Nandan Nilekani’s venture fund Fundamentum Partnership.

• Math-focused edtech startup Bhanzu has raised $15 million in Series A funding led by Eight Roads Ventures.

• Speech technology startup Murf AI has raised $10 million in funding led by Matrix Partners India.

• Farm-to-consumer startup Deep Rooted has raised $12.5 million in funding led by IvyCap Ventures, with participation from existing investors, including Accel, Omnivore, and Mayfield.

• FS Life, earlier known as FableStreet has raised Rs 50 crore in a funding round led by Fireside Ventures.

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Weekend Reads

• The Ethereum (ETH) Merge is finally here: What’s next for you? (Read here)

• India overtakes UK to become fifth-largest economy (Read here)

• The Adani – NDTV Takeover (Read here)

• Ethereum ‘merge’ will change crypto forever (Read here)

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