Week in review⏪

A quick rundown of the startups that made headlines this week. Funding and acquisitions in Indian startups this week.

Rise & Shine ☀

Jan 15, 2022

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A Quick Recap of the Week

Monday

Microsoft CEO Satya Nadella Invests In Indian Fintech Unicorn Groww📈
RBI to set up new fintech department to push innovation💱
Ola Cofounder Ankit Bhati To Launch SaaS Startup Amnic👨🏻‍💻

Tuesday

Fintech Giant Pine Labs Seeks $500 Mn In US IPO📊
Let’s target 75 startup unicorns this year, says Piyush Goyal🦄
Take-Two to buy Zynga for $12.7 billion in mobile gaming push🎮

Wednesday

SoftBank-backed GlobalBees takes over 3 more brands, plans to house 100 brands🐝
PayU's LazyPay launches 'LazyCard' amid growing competition in BNPL space💳
India aims to file LIC IPO prospectus in the week of 31 Jan📊

Thursday

TCS announces its biggest share buyback in at least five years👨🏻‍💻
WhatsApp on-boards Verloop.io to drive Conversational Commerce📱
Crypto industry comes together for ad guidelines⚖

Friday

LEAD becomes first edtech unicorn of 2022 after raising $100 million🦄
Flipkart group acquires electronics recommerce platform Yaantra🔁
Musk’s tweet on India is a pressure tactic: Govt source🚘

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Let’s move on to the funding deals from the week.

Funding Deals

Avataar, a leading AI and computer vision platform focused on spatial visual discovery, has raised $45 million in its Series B round led by Tiger Global.
Zuddl, a platform for hosting virtual and hybrid events, has raised $13.35 million in funding led by Alpha Wave Incubation (AWI).
Digital payments startup focused on business-to-business payments, Rupifi has raised $25 million as a part of its first round of institutional funding led by Bessemer Venture Partners and Tiger Global.
Lahori, a direct-to-consumer beverage maker, has raised $15 million from Belgium-based consumer-focused investor Verlinvest.
Zluri, a SaaS management platform Zluri, has raised $10 million in Series A funding led by MassMutual Ventures with participation from existing investors Endiya Partners and Kalaari Capital.

Power Gummies, a dietary supplements startup, has raised $6 million in Series A funding led by 9Unicorns.
The ePlane Company, a flying taxi startup, has raised $5 million in pre-Series A funding led by Speciale Invest — a deep-tech venture capital firm — and Micelio — an EV and climate-focused fund.
Gold loan platform Rupeek has raised $34 million from Lightbox and existing investors at a valuation of $634 million.
Waste management-focused startup Recykal has announced a $22 million (around Rs 162.58 crore) fundraise led by Morgan Stanley India.
Fintech startup IppoPay has raised $2.1 million in a seed-funding round led by Coinbase Ventures, Better Capital, Blume Founders Fund, and other angel investors.

Refyne, an Earned Wage Access (EWA) platform, has raised $82 million in Series B funding round led by Tiger Global.
Cloud kitchen platform Curefoods has raised $62 million and will continue to acquire major cloud kitchen brands across the country.
Fintech startup FPL Technologies has bagged $75 million as part of its Series C funding led by existing investor QED Investors along with Janchor Partners and Sequoia Capital India.
Game streaming and e-sports platform Rooter has raised $25 million in a Series A funding round led by Lightbox, March Gaming, and Duane Park Ventures.
TheMathCompany, a global data analytics and data engineering firm, has raised $50 million in investments from Brighton Park Capital.

Online gaming community platform Turnip has raised $12.5 million in a Series A funding round co-led by Greenoaks and Elevation Capital.
Allo Health, a men's sexual wellness healthcare platform has raised $4.4 million in seed funding led by Nexus Venture Partners.
Fintech platform Kaleidofin has secured $10 million in series B funding, led by the Michael & Susan Dell Foundation.

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