Week in review📚 (Feb 7 - Feb 12)
Week in review📚 (Feb 7 - Feb 12)
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
Ather plans new scooters to take on Ola in EV war🛵
Blow for Tesla as India refuses tax breaks🚗
Amazon reports strong Q4 results despite supply chain snags📦
Tuesday
SoftBank-led funding triples ElasticRun’s valuation to $1.5 billion🦄
Polygon raises $450 million from Sequoia India💰
UK fintech giant Revolut invests Rs 340 crore in India ops💳
Wednesday
Livspace turns unicorn after raising $180 million🦄
IPO-Bound Pine Labs acquires Qfix as it adds more thrust to Online Payments foray💸
Razorpay makes its first international foray by acquiring Curlec🌏
Thursday
Xpressbees turns unicorn after raising $300 million🚚
Nykaa Q3 profit plunges 58% to Rs 29.01 crore; revenue up 36%💄
Amazon India launches startup accelerator 2.0 to nurture new brands🚀
Friday
ShareChat seals strategic merger with MX Taka Tak🤝🏻
Zomato to invest $400 mn in quick commerce over next two years⏳
Microsoft unveils new app store guidelines as it woos regulators on deal🚧
Let’s move on to the funding deals from the week.
Funding Deals
Colexion, a celebrity NFT platform has raised over $5 million in funding. Colexion is a platform that allows fans to buy, trade and sell digital collectibles in the form of NFTs.
Pillow, a decentralised finance startup that helps generate yields on crypto investments, has raised $3 million in a seed funding round led by Elevation Capital.
Former Twitter India head Manish Maheshwari's ed-tech platform Invact Metaversity has raised the first round of funding at a valuation of $33 million.
Mobile-first micro SaaS platform for jewellery retailers Gold Setu has raised $1.2 million in a seed round of funding led by Village Global, Better Capital, Titan Capital, etc.
HRtech startup Meraqui has raised $1 million in a seed funding round from HNI investors.
Burger delivery platform Burgerama has raised Rs 5 crore in a funding round led by Anicut Angel Fund.
Mintifi, a digital lending platform for distributors and retailers, has raised $40 million (roughly Rs 298.6 crore) as a part of a fresh funding round led by Norwest Venture Partners and Elevation Capital.
Virtual events platform Airmeet has raised $35 million in its Series B round led by Prosus Ventures and Sistema Asia Fund.
Y-Combinator-backed crypto investing platform Mudrex has raised $6.5 million in a pre-series A round from Arkam Ventures and Tribe Capital.
Ad-tech influencer marketing platform, Kofluence, has raised $4 million in a Pre-Series A funding round led by Nikhil Kamath, Co-Founder of Zerodha and True Beacon.
xto10x Technologies, a scaling platform for growth-stage startups, has raised $25 million in its Series A round led by former Flipkart CEO and Co-founder Binny Bansal.
Fintech platform Karbon Card has raised $15 million in a Series A funding round led by Olive Tree Capital, Harmony and Avenir Growth Capital.
SaaS startup Oloid has raised $12 million in Series A funding round led by Dell Technologies Capital with participation from Honeywell Ventures and Okta Ventures.
Sprinto, a compliance automation platform for SaaS companies, has bagged $10M in Series A funding led by Elevation Capital with participation from Accel, and Blume Ventures.
WealthTech platform Wealthy.in has secured raised $7.5 million in Series A round of funding led by Alpha Wave Incubation (AWI).
Home decor and furniture ecommerce platform Spacejoy has raised $4 million in a funding round, led by Accel.
Automotive cybersecurity startup SecureThings.ai has secured $3.5 million in a funding round led by tech-focused VC fund Inflexor Ventures.
Digital coaching platform Peakperformer has closed $3 million in seed funding from Sequoia Capital.
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Have a wonderful weekend!🥳
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