Week in review ๐ (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 ๐๐ปโโ๏ธ
A Quick Recap of the Week
Monday
Bodhi Tree Systems invests $600 mn in Allen Career๐
Gautam Adani plans a $4 billion foray into healthcare๐ฅ
Centre, states collect a record โน1.68 trillion in GST in April๐
Tuesday
Open turns unicorn with $50 million funding from IIFL๐ฆ
Zepto nears unicorn status with $200 mn fundraising๐ธ
Delhivery may launch IPO at reduced size of Rs 5,500 crore๐
Wednesday
Tata Electronics is in talks for semiconductor packaging foray๐
Meesho partners with Google Cloud to accelerate digital transformationโ๏ธ
San Francisco-based Rise Capital enters India, to invest in early-stage startups๐
Thursday
Quick commerce deliveries grow 25% faster than other modes๐ฅ
Good Glamm Group to acquire Raymond Consumer Care๐ฉ
Policy holders, retail investors make a dash for LIC IPO on Day 1๐ฐ
Friday
Elon Musk bags $7.1 billion Twitter funding from Binance, Sequoia and others๐ต
Mobile Premier League launches Mayhem Studios to develop big-budget games๐ฎ
Byju's to invest $200 million to expand hybrid tuition model๐จ๐ปโ๐ซ
Letโs 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!๐ฅณ
If you enjoy these emails, please tell a friend about the Rise & Shine newsletter. Itโll help us reach more people.
Thanks for reading๐
It's a good idea to tell your friends on WhatsApp.