Week in review🛎️ (Nov 21- Nov 26)

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

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"Always do your best. What you plant now you will harvest later."

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Quick Recap of the Week

➡️ Tuesday

• Koo records over 1 mn downloads within 2 days of launch in Brazil🐤

• Edtech start-up Skill Lync acquires Crio👩🏻‍💻

• Meta introduces new privacy features for protecting its young users🕵🏻‍♂️

➡️ Wednesday

• Bira 91 raises $70 mn from Japanese beer company Kirin Holdings🍺

• Paytm stock hits all-time low as Macquarie flags Jio Finance threat📉

• US, China at forefront of space race 2.0🚀

➡️ Thursday

• Online sales now account for 26-50% of top fashion brands’ business🛍️

• CoinSwitch launches multi-exchange trading for crypto pros📊

• Amazon plans to invest $1 billion in movies for theaters🎬

➡️ Friday

• Birla Fashion to pay Rs 100 Cr for majority stake in Bewakoof👕

• Six funded satellites in the works says Pixxel founder🛰️

• PhonePe may acquire ZestMoney as consolidation begins in lending sector🤝🏻

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

Funding Deals

• B2B procurement marketplace ProcMart has raised $10 million in its Series A round led by Sixth Sense Ventures. 

• Energy storage solutions startup Clean Electric has secured $2.2 million in a seed round led by Climate Angels and Bengaluru-based venture capital firm Kalaari Capital.

• ReshaMandi, a business-to-business marketplace for silk products, has raised Rs 50 crore or $6.2 million in a debt round from Stride Ventures.

• Therapeutic behavioral health platform Sukoon Healthcare has secured an investment of $15 million led by Lightrock India.

• Health-tech platform RedBrick AI has scooped up a $4.6 million seed funding round led by Sequoia India.

• Koo App has raised Rs 51.08 crore or $6.3 million in a new round co-led by Tiger Global and Accel Partners.

• D2C footwear brand RapidBox has raised $4.5 million in its  Series A round led by SIG Venture Capital, the Asian venture capital arm of the Susquehanna International Group of Companies (SIG), Tanglin Venture Partners, India Quotient, and Ananya Goenka.

• Edmingle, SaaS platform for small and medium-sized training and coaching business, has raised $1 million in its pre-Series A round led by Indian Angel Network.

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