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.
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👨🏻🏫
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.
Have a wonderful weekend!🥳
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