Week in review 🌟 (Jan 02 - Jan 07)
Week in review 🌟 (Jan 02 - Jan 07)
A quick rundown of the startups that made headlines this week. Funding and acquisitions in Indian startups this week.
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“Instinct is a marvelous thing. It can neither be explained nor ignored.”
- Agatha Christie
Agatha Christie is saying that instinct is a powerful force that cannot be easily understood or dismissed. Instinct is a natural, automatic response or behavior that occurs without conscious thought. It is often based on past experiences and learned behaviors, and it can help us to react quickly and appropriately in certain situations. However, it is not always easy to explain where our instincts come from or why we have them, and it can be difficult to ignore them or override them when they are strong. In this sense, instinct is a mysterious and powerful force that can have a significant influence on our actions and decision-making.
Quick Recap of the Week
I hope all of you had an amazing start to the new year and that they experience lots of success and happiness in the coming year!
May this be a year filled with new opportunities, growth, and fulfillment.
➡️ Tuesday
Apple suppliers have created 50,000 direct jobs in India since Aug 2021📱
UPI transactions hit record 782 crores in December📈
RBI plans to expand applications of digital rupee in future pilots🪙
➡️ Wednesday
Reliance Retail FMCG arm to acquire 50% stake in Sosyo Hajoori Beverages🍸
Ola set to pilot new EV cab service in Bengaluru with around 1,000 cars🚕
India’s lead on digital public goods is extraordinary: Satya Nadella🙏🏻
➡️ Thursday
Microsoft is now building global products in India: Nadella🚀
Byju Raveendran looks to buy back up to 15% of edtech firm💪🏻
Innovation and adoption will lead India’s EV evolution🛵
➡️ Friday
Microsoft partners with ISRO to Fuel Growth of Spacetech Startups in India🚀
BharatPe’s FY22 revenue jumps 169%; loss widens to Rs 5,594 crore📊
RBI selects Six Fintechs to Tackle Financial Fraud⚔️
Let’s move on to the top funding deals from the week.
Funding Deals
Neobanking platform Jupiter has raised Rs 25 crore debt from Alteria Capital.
Rural-focused lending and distribution platform SarvaGram has closed its Series C round at $35 million.
Stage, a dialect-based over-the-top (OTT) platform has raised Rs 40 crore in funding in a round led by Blume Ventures.
Bangalore-based non-banking financial company (NBFC) Varthana raised $7 million (approximately Rs 56 crore) from MicroVest.
CarDekho’s insurance unit InsuranceDekho has raised Rs 300 crore or $36.5 million led by West Street Global (an investment arm of Goldman Sachs group).
Contract lifecycle management (CLM) startup SirionLabs has topped up its Series D round of funding with a $25 million investment from California-based private equity firm Brookfield Growth.
EV charging aggregation startup ElectricPe has raised $5 million in a Pre-Series A funding round led by investors such as Green Frontier Capital, Blume Ventures, and Micelio Fund.
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