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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.

Rise & Shine ☀
Jul 2, 2022
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Week in review✨ (June 27 - July 02)

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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🦄

Watch our reel explaining RBI policy


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.

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Week in review✨ (June 27 - July 02)

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