Week in review✨ (June 27 - July 02)
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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.
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A Quick Recap of the Week
👉🏻 Monday
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💳
👉🏻 Tuesday
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🎮
👉🏻 Wednesday
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💸
👉🏻 Thursday
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⚖️
👉🏻 Friday
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.
Funding Deals
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)
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