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Week in review 🚀 (May 02 - May 07)

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Week in review 🚀 (May 02 - May 07)

A quick rundown of the startups that made headlines this week. Funding and acquisitions in Indian startups this week.

Rise & Shine ☀
May 7, 2022
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Week in review 🚀 (May 02 - May 07)

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Hi folks 🙋🏻‍♂️

A Quick Recap of the Week

Monday

  • Bodhi Tree Systems invests $600 mn in Allen Career🎓

  • Gautam Adani plans a $4 billion foray into healthcare🏥

  • Centre, states collect a record ₹1.68 trillion in GST in April🚀

Tuesday

  • Open turns unicorn with $50 million funding from IIFL🦄

  • Zepto nears unicorn status with $200 mn fundraising💸

  • Delhivery may launch IPO at reduced size of Rs 5,500 crore📊

Wednesday

  • Tata Electronics is in talks for semiconductor packaging foray🔋

  • Meesho partners with Google Cloud to accelerate digital transformation☁️

  • San Francisco-based Rise Capital enters India, to invest in early-stage startups🌄

Thursday

  • Quick commerce deliveries grow 25% faster than other modes🔥

  • Good Glamm Group to acquire Raymond Consumer Care🎩

  • Policy holders, retail investors make a dash for LIC IPO on Day 1💰

Friday

  • Elon Musk bags $7.1 billion Twitter funding from Binance, Sequoia and others💵

  • Mobile Premier League launches Mayhem Studios to develop big-budget games🎮

  • Byju's to invest $200 million to expand hybrid tuition model👨🏻‍🏫

Did you watch our Reels?


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Let’s move on to the top funding deals from the week.

Funding Deals

  • Insurtech startup Turtlemint has raised $120 million led by Amansa Capital, Jungle Ventures and Nexus Venture Partners.

  • Toothsi, a dental startup, has raised $40 million in funding from Eight Roads Ventures, South Korea-based Paramark and IIFL, among others.

  • Traceable AI has raised $60 million in its Series B round, led by Institutional Venture Partners (IVP) and others like Tiger Global Management.

  • Automation-as-a-Service solution provider Element5 has raised $30 million in a Series B funding round led by Insight Partners.

  • Healthcare startup GenWorks has secured Rs 135 crore in a fresh funding round from Somerset Indus Capital Partners, Morgan Stanley, Evolvence and Wipro GE.

  • Plant bioscience company Absolute has raised $100 million in recent funding rounds from Sequoia Capital India, Alpha Wave Global, and Tiger Global.

  • Evenflow Brands, an ecommerce rollup has closed its pre-series A round of $5 million led by Village Global, 9Unicorns, Venture Catalysts, LetsVenture and Shiprocket.

Refer your friends! 📧


Have a wonderful weekend!🥳

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Week in review 🚀 (May 02 - May 07)

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