Week in review 🌅 (Apr 25 - Apr 30)
A quick rundown of the startups that made headlines this week. Funding and acquisitions in Indian startups this week.
Hi folks 🙋🏻♂️
A Quick Recap of the Week
Monday
Amazon acquires reseller platform Glowroad in social commerce push🛍️
Nykaa acquires stakes in Earth Rhythm, Nudge Wellness, and Kica Active💰
Twitter, Stripe pilot cryptocurrency payments for creators🪙
Tuesday
Elon Musk buys Twitter for $44 billion💰
Zomato CEO Deepinder Goyal and three others join Urban Company board🙋🏻
Top banks ask NPCI to clarify its stance on UPI for crypto🤕
Wednesday
Tesla shouldn’t import cars from China for sale in India: Gadkari🚘
Wipro buys Rizing for $540 mn to bolster SAP cloud practice👩🏻💻
Smaaash to invest ₹450 cr in 30 new stores🎳
Thursday
Flipkart opens up logistics arm to other ecommerce firms🚚
WhatsApp plans cashback for peer transfers, merchant payments in India push💵
Tesla loses $126 bn in value amid Musk Twitter deal funding concern📉
Friday
India to launch open e-commerce network to take on Amazon, Walmart🛒
Flipkart launches ‘Flipkart Labs’ to foray into Web3 and Metaverse🌐
Meesho records 100M+ transacting users last year🛍️
Let’s move on to the top funding deals from the week.
Funding Deals
B2B fintech platform Recur Club has raised $30 million in one of the largest seed rounds in the country. The round, which was a mix of equity and debt, was led by InfoEdge Ventures and Village Global.
Fintech app for school fees, Zenda has raised a $9.4 million oversubscribed seed round led by STV, COTU, Global Founders Capital, and VentureSouq.
Telehealth platform Truemeds raises $22 million in Series B funding round led by private equity fund Westbridge Capital.
Online furniture and home decor platform Woodenstreet.com has raised around $30 million in Series B funding round led by WestBridge Capital.
Geniemode, a B2B cross-border tech platform for lifestyle goods, has bagged $28 million in a Series B funding round led by Tiger Global.
Ayu Health Hospitals, a healthcare startup has received $27 million in a Series B funding round led by The Fundamentum Partnership.
Drone manufacturer ideaForge has raised $20 million in its Series B funding round led by Florintree.
Have a wonderful weekend!🥳
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