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
Urban Company valuation rises 33% within 6 months to $2.8 bn🤑
Social network Zorro raises $3.2 mn in seed funding💸
Pumpkart, Figgital to open over 1,200 modern retail stores in UP🛍️
Tuesday
Good Glamm Group acquires talent management network MissMalini🎥
Flipkart, Walmart invest $145 mn in Ninjacart in online grocery push🥕
Mensa Brands acquires online kidswear firm LilPicks👶🏻
Wednesday
Flipkart’s Shopsy enters grocery business to take on DealShare, Meesho🛍
Rebel Foods budgets $150 million to acquire and scale new brands🍔
Nike buys virtual sneaker maker in metaverse push✔
Thursday
WhatsApp to adopt 500 villages enabling them with digital payment tools💸
India to play a huge part in building metaverse: Meta CEO Mark Zuckerberg😎
Cryptocurrency bill may not be introduced in the winter session🙅🏻♀️
Friday
Byju's gets an offer for US SPAC listing for a $48 billion valuation📊
Purplle acquires cosmetics brand Faces Canada💄
ShareChat’s parent firm raises $266 million at $3.7 billion valuation🤑
Let’s move on to the funding deals from the week.
Funding Deals
Zumutor Biologics has raised $6.2 million Series A4 funding led by Accel, Bharat Innovation Fund (BIF), and new incoming deep tech investor Siana Capital.
Bengaluru-based electric two-wheeler startup Ultraviolette Automotive Pvt Ltd has reportedly raised $14.85 million from TVS Motor and Zoho Corporation in a Series C round.
Smartworks, which provides managed office space, will invest $25 million (nearly Rs 190 crore) in its new tech venture 'Smartworks Technology Services' that will offer services related to workspace management, as part of its plan to grow business.
Sports nutrition and supplements company Fullife Healthcare has raised $22 million in a Series C funding round led by Morgan Stanley Private Equity Asia (MSPEA).
Open, a Google-backed business-focused neobanking platform, has acquired consumer neo-banking startup Finin for $10 million in a cash-and-stock deal.
Bzaar, a global business-to-business (B2B) e-commerce marketplace, has raised $4 million in its seed funding round led by Canaan Partners.
Enmovil Solutions Pvt. Ltd., a logistics startup, has raised 10 crore in a pre-Series A funding round led by Anicut Angel Fund.
Uni, a credit and payments-focused fintech startup, has raised $70 million in a Series A round led by General Catalyst.
JusPay Technologies Pvt Ltd, which operates a payments technology platform, has raised $60 million in its Series C funding round led by SoftBank Vision Fund.
Plix, a clean-plant-based nutrition company, has raised $5 million in a Series A round led by Guild Capital and RPSG Capital Ventures.
Third Wave Coffee, based in Bengaluru, has raised $6 million in its Series A funding round.
Ride-hailing platform Ola has raised $500 million debt from marquee international institutional investors.
Early-stage startup investor Venture Catalysts has plans to invest $108 million in about 300 startups in 2022.
An SME-focused SaaS startup, TranZact has raised $7 million in Series A funding from Tribe Capital along with the participation of Prime Venture Partners, Gemba Capital and Kae Capital.
B2B manufacturing and commerce startup Nexprt has raised $5 million in Seed funding from Sequoia Capital India and Lightspeed.
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