Week in review🌎 (July 04 - July 09)

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

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A Quick Recap of the Week

👉🏻 Monday

• Shopsy brings in about 25% of Flipkart’s new customers🛍️

• Lenskart valued at $4.5 billion after new financing💸

• Crypto trading volumes crash again as 1% TDS kicks in📉

👉🏻 Tuesday

• Byju's clears Aakash payments, says $800-million fundraise almost done🎓

• Crypto-trading platform Vauld suspends operations🤕

• Chinese tech giants Tencent and Ant Group pledge to ban NFTs, crypto marketplaces🚫

👉🏻 Wednesday

• Nexo Signs Term Sheet With Vauld for Potential Acquisition🤝🏻

• LazyPay halts UPI-based buy-now-pay-later product⚠️

• Startup valuations fall sharply, hurting IPO plans📊

👉🏻 Thursday

• NPCI plans to take UPI global to make remittances faster and cheaper🌎

• Bookmyshow backs D2C marketplace startup, to list it on platform🍿

• upGrad co-founder reveals big hiring plans ahead of funding round🧑🏻‍💻

👉🏻 Friday

• Indian startup funding fell by 33% in Q2: Tracxn report📉

• Swiggy completes acquisition of Dineout🍽️

• FMCG sales fall on Amazon after Cloudtail transition🧴

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

Funding Deals

• Fintech company Lendingkart has raised debt funding of Rs 75 crore from GMO LLC and Triodos Investment.

• Fintech stock trading platform MarketWolf has raised $10 million in its Series A funding round led by Jungle Ventures and Dream Capital.

• AntWalk, a business-to-business (B2B) edtech platform, has raised $7.5 million in funding round led by GSV Ventures.

• Travel accessories company Acefour Accessories has raised $7 million in Pre-Series A funding round led by Sixth Sense Ventures.

• Homegrown artisan bakery The Baker’s Dozen has secured $5 million in a Pre-Series A funding round comprised of equity and debt led by Fireside Ventures.

• Payments focussed fintech startup Innoviti has closed its Series D round with an additional $25 million funding from investors led by Singapore’s Panthera Growth Partners.

➡️ If you want an excel with top funding deals of the week, comment “Rise & Shine” on the reel mentioned and we will send the file.

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