Week in Review💫 (Apr 3 - Apr 8)
Week in Review💫 (Apr 3 - Apr 8)
Top headlines and funding deals in the startup ecosystem. From the latest trends to the biggest investments, we’ve got you covered.
Hello Everyone👋🏻
Welcome to our Week in Review!
We bring you a curated selection of the top headlines and funding deals in the startup ecosystem. From the latest trends to the biggest investments, we’ve got you covered.
So sit back, relax, and catch up on all the news you need to know to stay ahead of the game.🛋️
Today, we are covering:
Quick Recap of the week
Funding Deals
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Quick Recap of the Week
Indian startups move dollars to Gift City, other countries from SVB🏦
Reliance readies Meesho-like zero-commission e-commerce marketplace🛍️
L'oreal buys Australian brand Aesop from Natura in $2.5-billion deal💅🏻
PhonePe’s hyperlocal commerce app Pincode goes live on ONDC📍
Iron Pillar closes $129-million fund to back cloud, SaaS firms💰
Reliance Retail launches omnichannel beauty retail platform Tira💄
Dunzo secures funding via convertible notes, lays off 30% staff💸
Apple CEO Tim Cook expected to visit India for launch of first store🏬
Government notifies rules for online gaming, to appoint multiple SROs🎮
Binny Bansal’s Three State Ventures leads Rs 300 crore funding in Curefoods🥗
From mobiles to TVs, Indians are buying ‘smart’ gadgets📺
Let’s move on to the top funding deals from the week.
Funding Deals
Avanti Finance, a tech-enabled non-banking finance company, has raised $24 million from Rabo Partnerships and IDH Farmfit Fund, among others.
Electric mobility solutions provider Magenta Mobility has raised $22 million (around Rs 180 crore) as part of a Series A1 funding from Morgan Stanley’s India-focussed infrastructure fund and oil & gas major bp's venture capital arm.
Spendflo—which provides a SaaS buying and management platform has raised $11 million in a Series A fundraising round led by Prosus Ventures and Accel.
LightMetrics, a video telematics startup serving commercial vehicle fleets globally, has raised $8.5 million in its Series A round from Sequoia Capital India.
Healthtech startup Dozee has raised $6 million as part of its Series A2 funding from existing investors such as Prime Venture Partners, 3one4 Capital, YourNest VC, and new investors which include State Bank of India, J&A Partners Family office.
User engagement platform CometChat has secured Rs 40 crore in a Venture Debt round led by Zions Venture Fund.
Solar EPC company Prozeal Infra has secured its first round of funding worth $4 million led by Chandrakant Gogri’s family office arm – Alchemie Ventures.
Zero Cow Factory raises $4 million in a Seed funding round from Green Frontier Capital, GVFL, and Pi Ventures.
I have compiled an Excel sheet with all the 20 Funding deals with the amount and Investor information.💰📈
If you want access to it, follow Sumit on Linkedin and check the post📜
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👉🏻 Sunil Chhetri in conversation with Kunal Shah
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Thanks for reading till the end!