Week in review☕ (June 20 - June 25)

A quick rundown of the startups that made headlines this week. Funding and acquisitions in Indian startups this week.

Rise & Shine ☀

Jun 25, 2022

1 Mail | 2 Minutes | 3 Stories

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A Quick Recap of the Week

👉🏻 Monday

Vijay Shekhar Sharma buys 1.7 lakh shares of Paytm worth Rs 11 crore💸
Citymall lays off 191 workers, three months after raising $75 million🛍️
ONDC partners with Nabard to activate ecommerce in agri-tech🌱

👉🏻 Tuesday

Dailyhunt is going global by expanding into Middle East, North Africa markets📰
ByteDance shuts game development studio, lays off 100+ employees🎮
Cashback drives surge in WhatsApp Pay UPI transactions💸

👉🏻 Wednesday

LeadSquared turns unicorn after raising $153 million from WestBridge Capital🦄
Matrix Partners to raise $450 million fund for Indian startups💰
Foxconn looks at manufacturing EVs in India🏍️

👉🏻 Thursday

Some fintech firms freeze prepaid cards after RBI order💳
FIXCRAFT forays in the automotive market by acquiring VMotive🚗
Twitter joins Shopify to bring merchants' products on its platform🛍️

👉🏻 Friday

Pine Labs acquires API infra firm Setu for $70-75 million🤝🏻
Ola Electric’s scooter sales show signs of slowing down🛵
CoinDCX halts crypto withdrawals, sparks anger on social media🚨

Did you watch our Reels?

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

Funding Deals

FanClash, an Indian esports fantasy start-up, has raised $40 million in Series B funding from Matic Networks (Polygon) and existing investors Sequoia Capital India, Falcon Edge and Info Edge India.
FinBox, an embedded finance infrastructure provider, has raised $15 million, led by A91 Partners, Aditya Birla Ventures and Flipkart Ventures and existing investor Arali Ventures.
Vahak, a Bengaluru-based road transport logistics startup, has raised $14 million from Nexus Venture Partners, Fundamental, iSeed Ventures, Leo Capital, RTP Global, & Titan Capital.
Biotech startup Immuneel Therapeutics has raised $15 million in a funding round co-led by Eight Roads Ventures, True North and F-Prime Capital.
Cashify, a seller of used smartphones, has raised $90 million from NewQuest Capital Partners (NewQuest) and Prosus.
Overseas higher-education startup Leap raised $75 million in a funding round led by Owl Ventures, Steadview Capital, Paramark Ventures and a few others.
Tea cafe chain Chaayos has raised $53 million in Series C funding led by Alpha Wave Ventures.

➡️ Check out our LinkedIn space for more on the funding deals.

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Weekend Reads

Economic impact of the Russia-Ukraine war (Read here)
Why Facebook wants to rebrand itself for the ‘Metaverse’ (Read here)

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