Week in review⌛ (Aug 22 - Aug 27)
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Week in review⌛ (Aug 22 - Aug 27)
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
➡️ Monday
Vijay Shekhar Sharma reappointed as MD and CEO of Paytm🧢
No proposal to charge UPI payments, says FinMin💸
PharmEasy delays IPO, targets Ebitda breakeven by next year💊
➡️ Tuesday
Big Tech firms to testify on anti-competitive practices before Parliamentary panel⚖️
Logistics unicorn Rivigo in sale talks with Flipkart, FirstCry🚛
Google tracks highest private data among Big Tech firms: Report🔬
➡️ Wednesday
Apple plans to manufacture iPhone 14 in India📱
Multiple firms in contention to buy gaming company Smaaash🎳
Netflix ramps up hiring for its cloud gaming ambitions🎮
➡️ Thursday
Swiggy’s Instamart expands to 25 cities😋
Servify raises $65 million in pre-IPO round🚚
ED probes fintechs and NBFCs, finds Rs 800 Cr crime proceeds💸
➡️ Friday
Bengaluru ranks 2nd in the list of top APAC tech hubs🥈
ED raids CoinSwitch Kuber in money laundering probe💰
Google removed 2,000 loan apps from India Play Store this year🚫
Let’s move on to the top funding deals from the week.
Funding Deals
Sunstone, an edtech startup that offers higher education programs, has raised $35 million in a mix of equity and debt in a round led by existing investor WestBridge Capital.
Health and wellness startup Mojocare has raised $20.6 million in a Series A funding round led by Facebook Co-founder Eduardo Saverin's B Capital.
Cross border B2B manufacturing and supply chain enablement platform for building materials, Magma, has raised pre-seed funding of $515,000 led by WEH Ventures.
Men’s innerwear brand XYXX Apparels has raised Rs 90 crore (about $11 million) in its latest funding round led by Singularity Opportunities Growth Fund.
Awign, an on-demand work fulfillment platform, has mopped up USD 15 million in a Series B funding round co-led by Bertelsmann India Investments and Amicus Capital Partners, along with Mynavi Corporation.
Data privacy solutions provider Privado has bagged USD 14 million in its Series A funding round led by Insight Partners and Sequoia Capital India.
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