Week in review ๐ฏ (Feb 28 - Mar 5)
A quick rundown of the startups that made headlines this week. Funding and acquisitions in Indian startups this week.
Hi folks ๐๐ปโโ๏ธ
Start your day, the smart way!
Top tech news of the day, along with a daily dose of motivation, delivered to your inbox.
A Quick Recap of the Week
Monday
Ukraine's government raises crypto worth $8 million in crowdfunding appeal๐ฐ
Mahindra to invest โน3,000 crores for EV push over next three years๐
Zomato, Paytm and Nykaa to get a seat in junior Nifty50๐
Tuesday
Airbnb to house up to 100,000 Ukrainian refugees, says CEO๐
Mobile Premier League acquires German games studio GameDuell๐ฑ
Google debuts subscription service Play Pass in India๐ฎ
Wednesday
Ashneer Grover resigns as BharatPe MD and Director๐ฆ
BigBasket completes 5.8Cr deliveries in 2021; aims to expand retail network๐
Tech Mahindra launches TechMVerse to drive commerce in the metaverse๐ฎ
Thursday
Accel raises $650 million for the seventh fund๐ฐ
Ed-tech firm Scaler acquires online learning platform AppliedRoots๐จ๐ปโ๐ป
Indian apps and games saw a 200% increase in active monthly users on Google Playโถ
Friday
Indian SaaS market to grow 20x to $50-70 billion by 2030๐ป
Reliance arm teams up with Sanmina to manufacture electronics๐ญ
YouTubeโs 'creative entrepreneurs' contributed Rs 6800 Crs to the Indian economy in 2020๐ธ
Letโs 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.
Menโs 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 Avalancheโs 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.
Rise & Shine is a daily newsletter that comes in your inbox every morning with the latest updates from the startup ecosystem and a growth strategy to start your day the smart way!
Have a wonderful weekend!๐ฅณ
Thanks for reading๐
Hitย ๐, if you enjoyed the article. You can forward this mail or share it on social media.