Week in review π (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
β‘οΈ Monday
Simplilearn acquires New York-based Fullstack Academyπ
RBI asks Paytm to reapply for payment aggregator licenceπ
Twitter may exceed 1 billion users in 12-18 months: Elon Muskπ€
β‘οΈ Tuesday
Aditya Birla Group's TMRW to invest Rs 300 Cr in eight digital-first brandsπ§₯
Flipkart readies $700M Esop buyback as part of PhonePe funding roundπ°
India gets its first private launchpad and control centreπ
β‘οΈ Wednesday
CRED to acquire lending-as-a-service platform CreditVidyaπΈ
RBI to launch first pilot for retail digital rupee on Thursdayπͺ
Tata group announces merger of Vistara with Air IndiaβοΈ
β‘οΈ Thursday
Zetwerk makes fourth acquisition this yearπ
Temasek unit picks up 1.14% stake in Zomatoπ
Indian agrifood startups get record $4.6 billion investment in FY22: Reportπ½
β‘οΈ Friday
Urban Company grants shares worth Rs 5.2 crore to 497 gig workersππ»ββοΈ
DeHaat raises $60 million funding co-led by Sofina, Temasekπ±
SoftBank Group to sell 5% stake in PB Fintech todayβ
Letβs 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 ο»ΏHealthkartο»Ώ has raised close to $65 million in funding from investors ο»ΏTemasek Holdingsο»Ώ and ο»ΏA91 Partnersο»Ώ.
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 CREDβs founder Kunal Shah.
Fintech company Aye Finance has raised $10 million (about βΉ71 crores) in funding from Zurich-based responsAbility Investments AG.
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