Week in review 🎁 (Nov 28 - Dec 03)
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Week in review 🎁 (Nov 28 - Dec 03)
A quick rundown of the startups that made headlines this week. Funding and acquisitions in Indian startups this week.
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Quick Recap of the Week
➡️ Monday
Simplilearn acquires New York-based Fullstack Academy🎓
RBI asks Paytm to reapply for payment aggregator licence📜
Twitter may exceed 1 billion users in 12-18 months: Elon Musk🤑
➡️ Tuesday
Aditya Birla Group's TMRW to invest Rs 300 Cr in eight digital-first brands🧥
Flipkart readies $700M Esop buyback as part of PhonePe funding round💰
India gets its first private launchpad and control centre🚀
➡️ Wednesday
CRED to acquire lending-as-a-service platform CreditVidya💸
RBI to launch first pilot for retail digital rupee on Thursday🪙
Tata group announces merger of Vistara with Air India✈️
➡️ Thursday
Zetwerk makes fourth acquisition this year🎁
Temasek unit picks up 1.14% stake in Zomato🍜
Indian agrifood startups get record $4.6 billion investment in FY22: Report🌽
➡️ Friday
Urban Company grants shares worth Rs 5.2 crore to 497 gig workers💆🏻♀️
DeHaat raises $60 million funding co-led by Sofina, Temasek🌱
SoftBank Group to sell 5% stake in PB Fintech today☔
Let’s move on to the top funding deals from the week.
Funding Deals
Flexible office operator Table Space has raised around $300 million from Hill House Capital.
Tata 1mg-owned Healthkart has raised close to $65 million in funding from investors Temasek Holdings and A91 Partners.
Insurtech startup RenewBuy has raised Rs 68 crore in debt and equity from InnoVen Capital and Stride Ventures.
Covvalent, a B2B platform for specialty chemicals, has raised $4.3 million in a seed funding round led by Nexus Venture Partners.
Talent supply chain software service provider Prismforce has raised $13.6 million in its Series A funding round led by Sequoia Capital India.
Business-to-business driven talent sourcing platform CBREX has raised $3 million in a pre-Series A round led by WaterBridge Ventures.
Agritech startup MoooFarm, which offers a dairy-as-a-service platform to farmers, has raised $13 million in a Series A funding round led by Aavishkaar Capital.
Proptech startup Blox has raised $12 Mn in a Series A funding round from its existing investors from Silicon Valley and new strategic and angel investors, including CRED’s founder Kunal Shah.
Fintech company Aye Finance has raised $10 million (about ₹71 crores) in funding from Zurich-based responsAbility Investments AG.
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