Week in review📰
A quick look back at the week's key tech headlines and funding deals.
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A Quick Recap of the Week
Flipkart acquires SastaSundar, enters crowded health tech sector🩺
Founder's obsession with creating a record led to Paytm's Day 1 flop😓
PhonePe to buy back employee stock options worth Rs 135 crore💰
Sharechat’s parent company to raise $500 million at $5 billion valuation🤑
Swiggy’s food delivery revenue grew 56% from April to Sept & Swiggy One🍔
Markets register the steepest fall in seven months😯
Crypto Prices Crash As Centre Plans Bill To Bar Private Cryptocurrencies🚫
NoBroker becomes India’s first real estate unicorn🦄
Mobikwik defers its Rs 1,900 cr IPO, says will list at 'the right time'⏲
Dream11 parent raises $840 million at $8 billion valuation🏏
Spinny turns unicorn after raising $285 million🚗
Indian crypto investors dump crypto assets amid confusion🤦🏻♂️
Upstox turns unicorn with fresh round from Tiger Global🦄
B2B unicorn Udaan aims to onboard 5 million retailers by Dec 2022 in new grocery play🍅
BlackRock, Canada Pension bought more Paytm stock after rout😬
Let’s move on to the funding deals from the week.
Purplle, an e-commerce beauty platform, has raised $60 million from Premji Invest, the family office of Wipro founder-chairman Azim Premji, valuing the D2C brand at $630 million.
Mindhouse, a curative wellness platform, has raised $6 million in funding led by Binny Bansal.
Biryani By Kilo (BBK) has raised $35 million in a Series B round led by Falcon Edge Capital, with participation from SBI and existing investor IvyCap Ventures.
Altum Credo, a housing finance company, has raised 88 crore (approximately $12 million) in fresh equity funding led by growth fund Amicus Capital.
Sleepy Owl, a direct-to-consumer coffee brand, has raised $6.5 million in Series A funding round led by existing investor Rukam Capital and DSG Consumer Partners.
Euler Motors, an electric vehicle maker, has raised an additional $10 million (nearly Rs 74 crore) in capital from a group of investors led by QRG Investments and Holdings.
GetSetUp, an upskilling startup for older adults, has raised $10 million in seed funding from Cowboy Ventures and LightShed Ventures.
Fasal, an agritech startup, has raised $4 million in pre-Series A funding from 3one4 Capital as well as existing investors Omnivore and Wavemaker Partners.
Haber, based in Pune, makes AI-powered industrial robots has raised $20 million in Series B funding, taking its total funds raised to $27 million.
Niantic Inc., the augmented reality (AR) platform behind Pokemon Go, raised $300 million from hedge fund Coatue at a valuation of $9 billion, the company said.
Park+, a parking solutions platform, has raised $25 million in a Series B funding round led by Sequoia Capital India, Matrix Partners India, and Epiq Capital.
True Credits - the NBFC and an affiliate of an RBI-authorised lending company True Balance – has announced a debt fundraise of $30 million (about Rs 223.2 crore) from investors, including Northern Arc, Arthmate, Shine Star and others.
Nothing, a consumer technology brand, raised $50 million in a funding round announced last month that included film producer Karan Johar, cricketer Yuvraj Singh, and others.
CoreStack, a multi-cloud governance SaaS provider, has raised $30 million in Series B funding round led by Avatar Growth Capital, with continued participation from Dallas Venture Capital (DVC), Iron Pillar, and other angel investors.
Simple Energy, based in Bengaluru, announced a $21 million funding round on Wednesday.
Indifi, an online lending platform, has raised 340 crores in a mix of equity and debt in its Series D round.
Zenwork, a SaaS platform for digital tax compliance and regulatory reporting for global businesses, has raised over Rs 1,200 crore from a US-based growth equity firm.
Early-stage VC firm WaterBridge Ventures has raised $150 million for its Fund II, 50% more than the planned size.
Xponents, an employee engagement platform has recently raised $1.56 million in a seed funding round led by a UAE based venture capitalist.
Have a wonderful weekend!🥳
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