Week in review 🎊 (Dec 26 - Dec 31)
A quick rundown of the startups that made headlines this week. Funding and acquisitions in Indian startups this week.
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This quote suggests that instead of simply observing life as it unfolds, it is important to actively engage with and take part in the experiences and events that make up our lives. It suggests that we should not simply sit on the sidelines and let life pass us by, but rather that we should get involved and make the most of the opportunities that come our way. This can mean pursuing our passions and interests, building relationships with others, and finding ways to make a positive impact in the world around us. By participating in life rather than just watching it pass us by, we can fully embrace the present moment and make the most of every day.
Quick Recap of the Week
➡️ Monday
Flipkart completes full separation of PhonePe🤝🏻
Amid funding winter, Sequoia and Accel lead VC investments💰
Adani effect propels India to become the best-performing stock market in the world in 2022📊
➡️ Tuesday
PhysicsWallah earmarks $40 million for M&As👨🏻🏫
Money View bags $75 mn from Apis Partners at $900 mn valuation💸
Advent to buy into Suven Pharma to create manufacturing powerhouse💊
➡️ Wednesday
Tata Group transfers Cliq’s parent firm to Tata Digital🏠
25,000 in line for Flipkart’s $700 mn Esop cash bonanza🤑
Instacart cuts internal valuation to $10 billion: Report🥕
➡️ Thursday
Reliance Jio launches 5G services in 11 cities as 'New Year' gift🗼
Ola sells 1.5 lakh electric scooters in 2022🛵
India sees record M&As in 2022 at $152 billion🤝🏻
➡️ Friday
Reliance Retail arm acquires 51% stake in Lotus Chocolate for ₹74 Cr🍫
ICICI Prudential Life’s AUM crosses the Rs 2.5-trillion mark💸
Kunal Shah, Aman Gupta, Anupam Mittal among most active angel investors💰
Let’s move on to the top funding deals from the week.
Funding Deals
Data analytics company Tredence has raised $175 million in Series B funding from Boston-based private equity giant Advent International.
Education loan provider Eduvanz has raised Rs 104.5 crores or $12.6 million in its extended Series B round from new and existing backers.
Clean-label health food brand The Whole Truth has raised Rs 90.2 crore or $11 million in a series B round led by Sequoia Capital with Matrix Partners.
Social media platform Bolo Live has raised Rs 46 crore or $5.6 million in fresh funding led by a UAE-based family office.
Agriculture-focused deep tech startup Ecozen has secured Rs 82.4 crore or $10 million from Nuveen Global Fund.
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I wish all of our newsletter readers a happy and memorable New Year's Eve on December 31, 2022!
May this special evening be filled with joy, laughter, and celebration as you ring in the new year with loved ones. May you look back on the past year with gratitude and look forward to the year ahead with hope and determination.
Here's to a fantastic start to the new year and all the exciting possibilities that it holds. Happy New Year's Eve!
Thanks for reading😊
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