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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
Google to invest up to $1 billion in Bharti Airtel💸
Ola plans aggressive push for Ola Dash in crowded quick-commerce arena🥔
Zomato picks up stakes in two more startups💰
At least 14,000 new startups recognised in FY22: Economic Survey🏆
PhonePe drives cumulative 6.63 bn transactions in Q4 2021💸
Not just IPO investors, even Warren Buffett is losing money on Paytm🤒
Budget 2022: Crypto industry hails breakthrough but 30% tax a concern💱
Startup founders, investors to benefit from 15% cap on tax surcharge🤑
Government to set up 75 digital banking units in 75 districts🏦
Crypto exchanges say signups jumped 30-50% on budget day💰
India's sovereign wealth fund leads $240 million investment in FirstCry👼🏻
Gupshup acquires Knowlarity to strengthen its Conversational Engagement portfolio💬
Meta says Facebook’s growth is slowing in India, its largest market📉
Zomato’s Deepinder Goyal transfers his Blinkit shares to Tiger Global🤝🏻
Apple makes progress in India as iPhone sales rise 34%☺
Let’s move on to the funding deals from the week.
Moglix, a business-to-business (B2B) ecommerce platform, has raised $250 million as a part of its latest funding round, at a valuation of $2.6 billion.
Multi-cloud object storage suite MinIO has turned unicorn after raising $103 million in Series B funding at a $1 billion valuation.
Ekank Technologies, which runs a vernacular storytelling platform called ThisDay, has raised $1 million funding from a clutch of investors, including 9Unicorns and Venture Catalysts.
Anicut Capital has raised Rs 140 crore from the Small Industries Development Bank of India (SIDBI) for its second debt fund.
Homegrown social media networking app MemeChat secures over $1 million in its second round of funding led by Beenext.
Chargebee, which runs a software-as-a-service-based subscription management platform, has raised $250 million in funding co-led by Tiger Global Management and Sequoia Capital, which pushed up the company’s valuation by 2.5 times to $3.5 billion.
Edtech startup Scaler Academy, which helps college students and tech professionals upgrade their skills, has raised $55 million in a Series B funding round led by Lightrock India.
Logistics platform Loadshare has raised $40 million (about Rs 300 crore) in a funding round led by Tiger Global.
Headout, an online experiences marketplace for travellers, has raised $30 million (Rs 224.3 crore) in its extended series B financing round led by Glade Brook Capital.
Social-tech startup Un1Feed has raised $1 million (Rs 7.5 crore) in a funding round led by Silicon Valley-based community-focused venture capital fund, Neo.
Jar, a startup for daily savings, has raised $32 million in a Series A funding round led by New York-based investment firm Tiger Global.
Leading multi-family office and wealth advisory Waterfield Advisors has raised $6 million (about Rs 44.9 crore) in series B funding from high net-worth individuals and existing investors.
Proptech startup POPT has raised $2 million mainly from Canada-based angel investors MRW Ventures and Riar Holdings.
Scrut Automation, an information security compliance platform, has raised $3 million from Lightspeed and Endiya Partners.
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