Week in review 📊 (Feb 14 - Feb 19)
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
LIC IPO to turn the insurer into India's largest listed financial firm💰
Flipkart joins live commerce rush driven by influencers💃🏻
Banning or not banning crypto will come later, says FM💁🏻♀️
Jio Platforms invests $200M in InMobi's mobile-first content platform Glance📱
Cult.fit acquires India business of global fitness chain Gold's Gym💪🏻
Indian government issues fresh orders to ban 54 Chinese apps🚫
Shiprocket acquires Glaucus Supply Chain Solutions, 4th acquisition in 2022⛓
Hiranandani Group to invest Rs 3,500 crore in its tech platform Tez💸
Shares of Zomato, Paytm and Nykaa hit all-time lows📉
Uniphore enters Unicorn Club with $400 Mn Funding🦄
Udaan aims to go public by May 2023, says CEO📊
Byju’s makes $200 mn bet on offline, hybrid tuition classes📚
Flipkart launches 45-min grocery delivery, to expand next month⏳
India may draft new Data Bill from scratch📜
WazirX’s Siddharth Menon & Nischal Shetty launch their own ventures, to step away from day-to-day operations🎌
Let’s move on to the funding deals from the week.
Global lifestyle direct-to-consumer (D2C) brand DailyObjects has raised $2 million in funding from early-stage venture capital firm Roots Ventures.
Fintech startup Swipe has raised $2 million in seed round from Y Combinator, Cred's Kunal Shah, GFC and over 25 other prominent angels.
Electric commercial vehicle manufacturer Altigreen has raised Rs 300 crore ($ 40 million) in a fresh funding round led by Sixth Sense Ventures, along with Reliance New Energy.
Runo, a new age call management CRM has raised $500,000 in a funding round led by Unicorn India Ventures.
Mamaearth, a direct-to-consumer (D2C) startup, has acquired Mumbai-based BBlunt from Godrej Consumer Products Limited (GCPL) for about Rs 134 crore.
Speciality healthcare delivery platform Asia Healthcare Holdings (AHH), backed by private equity player TPG Growth, has raised $170 million from Singapore-based sovereign wealth fund GIC.
SaaS startup BiteSpeed has raised $1.9 million in a seed funding round led by Sequoia India's Surge, First Cheque and Whiteboard Capital.
Debt marketplace CredAvenue has made its first acquisition by picking up a majority stake in the digital debt collection platform — Spocto Solutions.
5ire, a fifth-generation blockchain network, announced it has secured a $100 million capital commitment from GEM Global Yield LLC SCS (GGY), as it seeks to file for an IPO.
Join Ventures, a direct-to-consumer firm with brands as such as IGP, Interflora and Masqa, has raised $10 million (Rs 75 crore) in Series A round funding led by DSG Consumer Partners, Rajiv Dadlani Group, 9Unicorns and Venture Catalysts.
Insurtech startup Kenko Health has raised $12 million as part of its Series A round, led by Sequoia Capital India.
Healthtech startup Goqii has raised $50 million (Rs 375 crore) in a funding round led by Sumeru Ventures.
Amazon founder Jeff Bezos has participated in an $80 million funding round in Lummo, a software-as-a-service (SaaS) company that helps small companies get online.
Vernacular learning platform Entri.app has raised $7 million in Series A round of investment led by Omidyar Network India.
Proactive For Her, a digital clinic for women’s outpatient healthcare, has raised $5.5 million in Series A funding led by Vertex Ventures and existing investor Nexus Venture Partners.
Enterprise SaaS platform Actyv.ai has raised $5 million in a Pre-Series A funding round from Dubai-based 1Digi Investment management firm.
Social commerce grocery startup DealShare has raised $45 million from a subsidiary of the Abu Dhabi Investment Authority (ADIA) as part of a larger round.
Agrim, a business to business (B2B) platform for agri-inputs has raised $10 million in a funding round led by Kalaari Capital.
Ace Green Recycling, a battery recycling technology company, has raised over $7 million in a funding round led by Circulate Capital.
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