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Week in review ⚔ (Mar 28 - Apr 02)
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
PVR, INOX will merge to create India’s largest multi-screen player🍿
Cloud kitchen unicorn Rebel Foods announces $10 million Esop liquidation🍟
Glance InMobi acquires Gambit, aims to bring NFT-based live gaming on lock screens globally🌎
Reliance aims to become India’s biggest quick egrocer🛒
Chalo makes second acquisition with scooter rental startup Vogo🛵
Singapore’s ecommerce major Shopee suddenly decides to exit India🛍
India's aim is to become the world's #1 startup destination: Piyush Goyal🔝
Edtech startup Classplus raises $70 Mn in funding as valuation jumps to $600 Mn🎓
Amazon opened the largest office space in Tamil Nadu for 6,000 employees🏢
Games24x7 turns unicorn at a valuation of $2.5Bn🦄
Indian startup IPOs remain on hold amid geopolitical headwinds📊
Entrepreneur First announces investments in six Indian tech startups💰
Jeff Bezos poised to clash with Mukesh Ambani in cricket auction🏏
UPI hits a new milestone of five billion transactions a month in March👏🏻
Facebook parent funded anti-TikTok drive⚔
Let’s move on to the top funding deals from the week.
Dairy brand Country Delight has raised around $65 million in its Series D round from new and existing investors including Venturi Partners, IIFL, Trifecta Capital and Elevation Capital.
Dental tech startup Toothsi has raised Rs 100 crore ($13 million) in a fresh round led by IIFL.
Spacetech startup Pixxel, which provides Earth imaging technology has raised $25 million in a new funding round led by Toronto-based Radical Ventures. This is India’s largest fundraise by a space technology company to date.
Wealth management platform IndMoney has raised an additional $11 million as a part of its ongoing funding round, led by Singapore-based Sixteenth Street Capital with participation from Peyush Bansal & Ankur Warikoo.
IPO-bound digital payments and financial service provider Pine Labs has closed another $50 million in funding Vitruvian Partners.
LambdaTest, an end-to-end cloud-based test orchestration platform, has raised $45 million in a venture round led by Premji Invest.
Health tech startup Qure.ai (Qure) has raised $40 million in a funding round led by Novo Holdings and HealthQuad and supported by existing investor MassMutual Ventures.
Citymall, a community commerce platform, has bagged $75 million in Series C funding round led by Norwest Venture Partners.
FarMart, a SaaS-based food supply platform has secured $32 million in Series B round led by General Catalyst, with participation from Matrix Partners India and Omidyar Network India.
Non-banking financial company Finova Capital has raised $65 million from Norwest Venture Partners, Maj Invest and Faering Capital.
Chennai-based digital supply chain startup Wiz Freight has raised Rs 275 crore in a funding round led by Tiger Global with participation from Axilor, Foundamental, Arali Ventures, Stride Ventures and Alteria Capital.
OneCode, a platform to digitise the sales ecosystem, has raised $13 million in Series A funding led by General Catalyst.
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