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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
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📉
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🚫
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📊
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🧑🏻💻
Indian startup funding fell by 33% in Q2: Tracxn report📉
Swiggy completes acquisition of Dineout🍽️
FMCG sales fall on Amazon after Cloudtail transition🧴
Let’s move on to the top funding deals from the week.
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.
This week, I discovered the podcast, and I was amazed by Kunal Shah's description of his entrepreneurial journey and the lessons he has learned. I urge every reader to watch or listen.
Have a wonderful weekend!🥳
Thanks for reading😊
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