Week in review 🏏 (Mar 21 - Mar 26)
Week in review 🏏 (Mar 21 - Mar 26)
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
IPL 2022: The Indian Premier League returns home, bigger than ever, starting today.
Monday
Reliance buys 89% stake in Clovia for ₹950 crore👒
CoinSwitch completes first Esop buyback💫
Boat sets up M&A arm for ‘house of brands’ play⛵
Tuesday
Zomato to roll out 10-minute food delivery service💁🏻♂️
CommerceIQ turns unicorn in $115 million funding led by SoftBank Vision Fund🦄
PhonePe acquires GigIndia, to strengthen enterprise offerings💪🏻
Wednesday
Meesho plans branded goods business, eyes brand makeover🛍
SoftBank, other Oyo investors drop the plan to sell shares in IPO🏩
Alibaba raises share buyback from $15 billion to $25 billion😲
Thursday
Oxyzo steps out of Ofbusiness’ shadow, turns unicorn in India's largest Series-A round🦄
Amid 10-min rush, BigBasket set to launch one-hour delivery with more products🧃
D2C brand Plum gets $35M in Series C round from A91 Partners and others💄
Friday
Byju’s named the official sponsor of Fifa World Cup 2022 in Qatar⚽
BharatPe join hands with Ingenico to offer advanced payment and commerce services to merchants💸
Uber reaches deal to list all New York City taxis on its app🚕
Let’s move on to the top funding deals from the week.
Funding Deals
Aquaconnect, a full-stack aquaculture input and outputs platform has raised $8 million (Rs 60 crore) in a venture debt funding round led by Trifecta Capital.
Enterprise software firm Locofy.ai has secured $3 million in a funding round from Accel, January Capital, Golden Gate Ventures and Boldcap.
Decentralised finance (DeFi) 💡 protocol firm Struct Finance has raised $3.9 million from Antler, Arcanum Capital, Assymetries Technologies and Avalaunch, among others.
Indian software-as-a-service (SaaS) startup Zocket has raised $3 million in a funding round led by Kalaari Capital.
Accommodation startup Stanza Living has secured $57 million in debt financing led by Kotak Mahindra Bank and RBL Bank.
iSprout, a co-working space provider, has raised $4 million in its pre-Series A funding round led by private investors.
Fintech startup Credilio has raised $4 million in a pre-series A funding round led by Cornerstone Venture Partners Fund (CSVP Fund) and Exfinity Venture Partner.
FanCraze, the digital collectibles company that in January dropped NFTs (non-fungible tokens) of 75 moments from the ICC Men’s World Cup, has raised $100 million in a funding round led by Insight Partners, with participation from B Capital.
Software-as-a-service (SaaS) platform Netcore Cloud has picked up a majority stake in US-based product discovery platform Unbxd Inc for $100 million.
Food robotics company Mukunda Foods has raised $5 million in a funding round led by Zomato, taking the company's post-money valuation to $30 million.
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Have a wonderful weekend!🥳
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