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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."
Quick Recap of the Week
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🕵🏻♂️
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🚀
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🎬
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🤝🏻
Let’s move on to the top funding deals from the week.
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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