Week in review π (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
Monday
LIC IPO to turn the insurer into India's largest listed financial firmπ°
Flipkart joins live commerce rush driven by influencersππ»
Banning or not banning crypto will come later, says FMππ»ββοΈ
Tuesday
Jio Platforms invests $200M in InMobi's mobile-first content platform Glanceπ±
Cult.fit acquires India business of global fitness chain Gold's Gymπͺπ»
Indian government issues fresh orders to ban 54 Chinese appsπ«
Wednesday
Shiprocket acquires Glaucus Supply Chain Solutions, 4th acquisition in 2022β
Hiranandani Group to invest Rs 3,500 crore in its tech platform TezπΈ
Shares of Zomato, Paytm and Nykaa hit all-time lowsπ
Thursday
Uniphore enters Unicorn Club with $400 Mn Fundingπ¦
Udaan aims to go public by May 2023, says CEOπ
Byjuβs makes $200 mn bet on offline, hybrid tuition classesπ
Friday
Flipkart launches 45-min grocery delivery, to expand next monthβ³
India may draft new Data Bill from scratchπ
WazirXβs Siddharth Menon & Nischal Shetty launch their own ventures, to step away from day-to-day operationsπ
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Letβs move on to the funding deals from the week.
Funding Deals
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 β 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.
Edtech platform Eupheus Learning has acquired SaaS-based startup SchoolMitra for an undisclosed amount.
E-commerce marketplace SustainKart has acquired homecare brand, FromVedas for an undisclosed sum.
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 womenβs 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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