Week in review 💸 (July 25 - July 30)
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
Linking Of UPI With Credit Card Likely To Begin In Two Months: NPCI CEO💸
upGrad acquires Harappa Education for Rs 300 Cr🤝🏻
Demand for techies with metaverse skills on the rise🧑🏻💻
👉🏻 Tuesday
Mastercard set to replace Paytm as title sponsor for all BCCI matches in India🏏
Zomato’s market cap falls below last private valuation as lock-in expires📉
HCL Tech’s C Vijayakumar is India’s highest-paid IT CEO💸
👉🏻 Wednesday
Flipkart to partner with Pocket FM to enter the audiobooks category🎧
Bollywood Actress Nora Fatehi Invests In Ankit Nagori’s Curefoods🍰
Indian IT firms win half of top 10 deals since 2020🧑🏻💻
👉🏻 Thursday
Google Maps launches Street View across 10 cities in India🗺️
Zomato shareholders approve Blinkit deal✅
ByteDance’s AI policies to face government scrutiny on re-entry📵
👉🏻 Friday
Focus is on payments, distribution of lending products: Paytm founder💵
India’s PUBG replacement BGMI removed from app stores📵
Jack Ma to give up control of Ant Group: WSJ report🐜
Let’s move on to the top funding deals from the week.
Funding Deals
Consumer-focused neo-banking platform Fi (formerly epiFi) has raised $45 million in its series C financing round led by exister backer Alpha Wave Ventures.
Consumer-focused fintech platform Niyo raised $30 million from private equity firm Multiples Alternate Asset Management.
Spotnana, a Travel-as-a-Service provider, raised $75 million in Series B funding led by Durable Capital Partners.
Revenue management solutions provider PriceLabs has raised $30 million from Summit Partners.
Chattybao, a shopping platform built on instant messaging app WhatsApp, has raised over $5 million led by Vertex Ventures Southeast Asia & India and Info Edge Ventures.
Community-led crypto trading platform Crypso has raised $3 million (about Rs 24 crore) in seed funding from Hashed Emergent, Athera Venture Partners, Better Capital, and Whiteboard Capital.
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Have a wonderful weekend!🥳
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