Discover more from Rise & Shine ☀
Week in review✨ (June 27 - July 02)
A quick rundown of the startups that made headlines this week. Funding and acquisitions in Indian startups this week.
Start your day with tech stories that matter!
Daily startup insights you can read in 2 mins, every day for free.
We are hosting an event for all the aspiring founders looking to work on the startup idea!
A Quick Recap of the Week
Swiggy, Reliance, and PremjiInvest look to bid for Metro India unit🛒
Zomato-Blinkit Deal: Fleet integration and customer cross-selling top priorities🤝🏻
Payments Council of India seeks govt’s help on RBI rule💳
Over 400 crypto ads violated ASCI guidelines in five months🙀
Swiggy, Byju’s, Pay U drive ‘strong growth’ for Prosus in India💰
Indian gaming companies plan to leverage Web3, play-to-earn🎮
Zomato loses about $1.1Bn of market value in two days after Blinkit deal📉
Bertelsmann India raises $500 million to make early-stage bets💰
Byju's pushes back payments for billion-dollar Aakash deal💸
Byju’s may rebrand WhiteHat Jr, fires another 300 at Toppr🎓
Banks rethink fintech partnerships after RBI’s new rule🗃️
US regulator asks Google and Apple to ban TikTok⚖️
SoftBank-backed Lenskart buys Japan’s Owndays in $400 million deal👓
LazyPay updates terms to comply with RBI order📜
B2B unicorn Zetwerk acquires 3 companies for Rs 100 crore🦄
Let’s move on to the top funding deals from the week.
Proptech startup PropShare has secured Rs 367 crore ($47 million) in funding led by WestBridge Capital, with participation from existing investors Pravega Ventures.
Solv, a marketplace for small businesses, has raised $40 million in a round of funding led by Japan-headquartered SBI Holdings, with participation from SC Ventures.
Electric vehicle (EV) battery swapping startup Battery Smart has raised $25 million in a funding round led by Tiger Global, with participation from Blume Ventures and Orios Ventures.
Business-to-Business (B2B) lending platform Progcap has raised $40 million in an extension of its Series C funding round. Existing backers Creation Investments, Tiger Global Management and Sequoia Capital led the round, with Google coming on as a new investor.
Arzooo, a retail technology platform has raised $70 million in a new funding round led by SBI Investment, Japan, and Trifecta Leaders Fund.
GetVantage, a revenue-based lending platform for small and medium enterprises (SMEs) has raised $36 million in a growth funding round led by Varanium Nexgen Fintech Fund and DMI Sparkle Fund.
➡️ Check out our LinkedIn space for more on the funding deals.
YouTube Case Studies
Why is OLA's BUSINESS MODEL Failing MISERABLY in India? : Business case study (Watch here)
Why are GIANT Edtech companies FAILING in India? : Edtech Crash Case study (Watch here)
Have a wonderful weekend!🥳
If you enjoy these emails, please tell a friend about the Rise & Shine. It’ll help us reach more people.
Thanks for reading😊