Week in review🚀
Week in review🚀
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
46 startups honoured with National Startup Awards 2021🏆
Delhivery’s Rs 7,460-crore IPO gets Sebi’s nod🚚
Thrasio forays into India commits investment of $500 mn💰
Tuesday
Oyo is said to target $9-billion valuation in IPO🏩
boAt to file DRHP for its IPO by January-end🎧
Politicians line up to woo Elon Musk’s Tesla🏭
Wednesday
Reliance Retail acquires 54% stake in robotics firm Addverb Technologies🤖
Nazara acquires majority in ad-tech company Datawrkz📺
Microsoft buys ‘Candy Crush’ and ‘Call of Duty’ maker in its largest deal ever🎮
Thursday
‘postpe’ clocks annualized TPV of Rs. 2400 Cr in 3 months of launch💸
CRED expands its ESOP pool size to $500 mn💰
Paytm shares close below Rs 1000 mark for the first time📉
Friday
Aaditya Thackeray bats for Tesla, Urges to Lower Import Duty On EVs🚗
BNPL platform ZestMoney see 300% increase in transactions📈
Willing to help, Amazon tells cash-strapped Future Retail🤝🏻
Let’s move on to the funding deals from the week.
Funding Deals
Hero MotoCorp Ltd. is investing Rs 420 crore in electric scooter maker Ather Energy, at a time when India’s largest two-wheeler maker is readying its own product for the local EV market.
Agritech startup WayCool Foods has raised $117 million in an ongoing Series D funding round that saw the participation of new and existing investors, including LightRock and LightBox.
Electric commercial vehicle startup EVage has raised $28 million (over Rs 205 crore) from US-based venture capital firm RedBlue Capital.
Wealth management solutions provider INDmoney has raised roughly $75 million as part of its ongoing Series D round led by Steadview Capital and Tiger Global.
Short video application Chingari has raised $15 million in a funding round led by Republic Capital.
Student housing startup Your-Space has raised $10 million (around Rs 75 crore) from a clutch of investors for the expansion and growth of its business.
Cloud-tech HR venture ZingHR has raised $10 million from Tata Capital Funds.
Novo, a neo-bank focused on small businesses, has raised $90 million in a Series B round led by Stripes, at a valuation of $700 million.
Agritech startup Arya, has raised $60 million in its Series C funding round in a mix of equity and debt, at a valuation of $300 million. The equity round was led by Asia Impact SA, Lightrock India and Quona Capital.
Early cancer detection startup Epigeneres Biotech has raised $6 million in a Series B funding round led by Kotak Investment Advisors and LetsVenture Angel Fund.
Software-as-a-service (SaaS) company Lummo (formerly known as BukuKas) has raised $80 million in a funding round led by Tiger Global and Sequoia Capital India.
IndiGG, the India sub-decentralised autonomous organisation (subDAO) of Yield Guild Games (YGG), announced that it raised $6 million in fresh funds to boost the adoption of play-to-earn games in the country.
Fresh produce foodtech venture Pluckk has raised $5 million (around Rs 37 crore) seed capital from Exponentia Ventures.
Financial infrastructure provider M2P Fintech has raised $56 million led by New York-based global private equity firm Insight Partners.
California-based technology company Pixis (formerly known as Pyxis One) said it has raised $100 million (about Rs 743.8 crore) in funding in a round led by SoftBank Vision Fund 2.
SaaS Labs, which builds business automation tools for sales and support teams worldwide, has raised $42 million (about Rs 312 crore) in a funding round led by Sequoia Capital India.
Bengaluru-based silver jewellery startup Giva has raised $10 million (Rs 74.5 crore) in a Series-A funding round led by Sixth Sense Ventures and A91 Partners.
Assetgro Fintech Pvt Ltd, the operator of social investment platform StockGro, has raised $32 million (around ₹240 crore) in a Series A round led by BITKRAFT Ventures and General Catalyst.
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Have a wonderful weekend!🥳
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