Week in review 🎯 (Feb 28 - Mar 5)
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Week in review 🎯 (Feb 28 - Mar 5)
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
Ukraine's government raises crypto worth $8 million in crowdfunding appeal💰
Mahindra to invest ₹3,000 crores for EV push over next three years🔌
Zomato, Paytm and Nykaa to get a seat in junior Nifty50📊
Tuesday
Airbnb to house up to 100,000 Ukrainian refugees, says CEO🏠
Mobile Premier League acquires German games studio GameDuell📱
Google debuts subscription service Play Pass in India🎮
Wednesday
Ashneer Grover resigns as BharatPe MD and Director🦈
BigBasket completes 5.8Cr deliveries in 2021; aims to expand retail network🛒
Tech Mahindra launches TechMVerse to drive commerce in the metaverse🔮
Thursday
Accel raises $650 million for the seventh fund💰
Ed-tech firm Scaler acquires online learning platform AppliedRoots👨🏻💻
Indian apps and games saw a 200% increase in active monthly users on Google Play▶
Friday
Indian SaaS market to grow 20x to $50-70 billion by 2030💻
Reliance arm teams up with Sanmina to manufacture electronics🏭
YouTube’s 'creative entrepreneurs' contributed Rs 6800 Crs to the Indian economy in 2020💸
Let’s move on to the funding deals from the week.
Funding Deals
Financial software provider Perfios has raised Rs 520.8 crore (or roughly $70 million) in a new funding round led by existing investors Warburg Pincus and Bessemer India.
Vymo, an Intelligent Sales Engagement platform for Financial Institutions, has raised $22 million in Series C funding round led by Bertelsmann India Investments.
Indian microblogging platform Koo has raised around $10 million (Rs 79 crore) in two tranches from a clutch of investors.
Men’s clothing D2C brand DaMENSCH has raised $16.4 million in its series B funding round led by A91 Partners.
Decentralized exchange Dexalot has raised $7 million in a funding round led by Avalanche’s Blizzard Fund.
Open source test automation platform Testsigma has secured a $4.6 million funding led by Accel and Strive, with participation from BoldCap.
Upswing Financial Technologies, an open finance B2B ecosystem enabler, has raised $4 million from marquee global fund QED Investors.
Healthtech startup ClaimBuddy has secured $3 million in a pre-series A round of investment co-led by Chiratae Ventures and Rebright Partners.
Corporate cards and payable management start-up, Volopay, has raised $29 million in Series A, a mix of equity and debt, from the Winklevoss twins.
Student loan fintech platform Kuhoo has raised $20 million in its seed funding round led by WestBridge Capital.
Locofast, a supply chain platform for fashion and lifestyle companies, has raised $15 million co-led by Stellaris Venture Partners and Chiratae Ventures.
Snapmint, a fintech startup has raised $9 million in its Series A funding from a clutch of marquee investors and industry leaders led by Prashasta Seth.
Supply chain and warehousing startup Prozo has raised $10 million (Rs 76 crore) in its Series-A funding round led by Sixth Sense Ventures.
Proptech startup Zapkey has secured $2 million in seed funding led by Nikhil Kamath and Abhijeet Pai-backed Gruhas Proptech.
LOBB, a digital freight brokerage platform has raised $1.1 million in Pre-Series A funding round led by Byju Pillai, MD, Inflow Technologies and angel investor Gopal Kaul.
Healthy snacking brand Eat Better Ventures has secured Rs 5.5 crore in a seed funding round led by Java Capital and Mumbai Angels.
Audio streaming platform Pocket FM has raised $65 million in a funding round led by Goodwater Capital, Naver, and existing investor Tanglin Venture Partners.
Instant live tutoring startup Filo has raised $23 million in a funding round led by Anthos Capital.
Docsumo, a document AI startup has raised $3.5 million in a seed funding round led by Common Ocean.
Merchandise selling platform Macmerise Celfie Design has raised $1 million in a Pre-Series A round led by Inflection Point Ventures.
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Have a wonderful weekend!🥳
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