Week in review π (Apr 04 - Apr 09)
A quick rundown of the startups that made headlines this week. Funding and acquisitions in Indian startups this week.
Hi folks ππ»ββοΈ
A Quick Recap of the Week
Monday
Tata Group's super app 'Neu' arriving on April 7 to take on Amazon, Jioπ₯
Spacetech startup Pixxel launches 'Shakuntala' satellite with Elon Musk's SpaceXπ°
CRED goes beyond credit card bills as it begins utility bill paymentsπ
Tuesday
HDFC Bank, HDFC merge inβ motherβ ofβ allβ M&A dealsπ
Gautam Adani joins Elon Musk, Jeff Bezos, and others as the newest $100 billion manπ€
Elon Musk becomes Twitterβs largest shareholderπ
Wednesday
Meesho to integrate grocery business in the core appπ
Dailyhunt & Josh parent raises $805 Mn at a valuation of $5 BnπΈ
Gupshup acquires VC-backed Active.ai; eyes $100-200 mn in pre-IPO roundπ¦
Thursday
Flipkart taps the healthcare sector with brand new 'Flipkart Health+' appπ©π»ββοΈ
Paytm will be operationally profitable in six quarters: Vijay Shekhar Sharmaπ
Quick commerce players Swiggy Instamart, Zepto, Dunzo score big during IPLπ
Friday
Tata's all-in-one super-app βTata Neuβ is live for all usersπ€©
Flipkart eyes IPO valuation of $70 bn, US listing next yearπ
Rebel Foods acquires majority stake in luxury chocolate brand Smoorπ«
Letβs move on to the top funding deals from the week.
Funding Deals
Payment issuance infrastructure platform CARD91 has raised $13 million in its pre-Series A round led by Infinity Ventures, Point72 Ventures, Sabre Partners, EMVC, and Commerce Venture.
EnKash, an all-in-one spend management platform and corporate cards company has raised $20 million as a part of its Series B funding round led by Ascent Capital with Baring India & Singapore-based White Ventures.
Software-as-a-service startup Rattle has raised $26 million in its Series A round, led by New York-based venture capital firm Insight Partners.
Direct-to-consumer (D2C) home fragrance and wellness brand Phool.co has raised $8 million in a funding round from consumer-focused venture fund, Sixth Sense Ventures. The round also saw participation from existing investor, Bollywood actor Alia Bhatt.
Doceree, the digital marketing platform targeting healthcare professionals (HCPs) has raised $11 million in Series A funding round led by Eight Roads Ventures.
Taki, a global token-powered social network, has raised $3.45 million from 11 global investors including CoinDCX, Coinbase Ventures and others.
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