Week in review🎊 (Aug 29 - Sep 03)
A quick rundown of the startups that made headlines this week. Funding and acquisitions in Indian startups this week.
Start your day with tech stories that matter!
Daily Mail with a quick wrap of tech highlights and growth strategy that you can read in 2 mins!
Join for free👇🏻
A Quick Recap of the Week
Flipkart lines up Rs 3,600 crore for three automated fulfillment centres🏬
Zomato integrates grocery delivery via Blinkit on main app in pilot test🍅
Tata Neu set to take on Zerodha, Groww with stock brokering services📊
Reliance and Meta announce grocery shopping on WhatsApp in India🛒
No plans to rebrand Zomato app to ‘Eternal’: Deepinder Goyal🍛
Meesho shuts Superstore grocery business in India, 300 lose jobs: Report🍒
NPCI set to acquire 9-10% stake in ONDC🛒
Marico to build Thrasio-style model to scale up D2C brands🧴
Meta introduces no-cost EMIs for advertisers in India💵
Twitter tests edit button, will roll out to paid subscribers🖊️
Dabur’s D2C brands to cross Rs 100 crore in sales this fiscal: CEO💸
Meta to set up new group for more paid features on Facebook, Insta🤑
Let’s move on to the top funding deals from the week.
Oasis Fertility has raised $50 million in funding from private equity firm Kedaara Capital for a significant minority stake in the company.
Digital lending fintech EarlySalary has raised $110 million (about Rs 878.8 crore) in a funding round co-led by private equity major TPG's Rise Fund and Norwest Venture Partners.
Metalbook, a SaaS-based digital supply chain platform for the metals industry, has raised $5 million in seed funding led by Axilor Ventures.
Online two-wheeler marketplace and financing company Bike Bazaar raised Rs 170 crore as a part of its ongoing Series D funding round led by Women’s World Banking Asset Management.
Recruitment automation platform Kula has raised $12 million in a seed funding round led by Sequoia Capital India and Australia-based Square Peg Capital.
PurpleTutor, an AI-based live classes platform, has closed its Series A funding round after raising Rs 10 crore from Disruptors Capital, IvyCap Ventures and others.
The Adani – NDTV Takeover (Read here)
Ethereum ‘merge’ will change crypto forever (Read here)
How the Indian economy has fared since 1947 (Read here)
Why do social media companies disagree over a self-regulatory body? (Read here)
Feel free to drop a message; we have multiple internship openings.
Have a wonderful weekend!🥳
Thanks for reading😊
If you enjoy these emails, please tell a friend about Rise & Shine. It’ll help us reach curious people.