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Week in review🌊 (Jan 16 - Jan 21)
A quick rundown of the startups that made headlines this week. Funding and acquisitions in Indian startups this week.
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Quick Recap of the Week
India to have largest content creator base🤳🏻
RattanIndia Enterprises acquires EV maker Revolt Motors🏍️
Dunzo, ShareChat, Rebel Foods to conduct layoffs amid funding winter🙆🏻♂️
Paytm Payments Bank gets RBI nod to operate as Bharat Bill Payment Operating Unit🏦
Viacom18 pays ₹951 crores for media rights to Women’s Indian Premier League🏏
Microsoft to expand ChatGPT access as OpenAI investment rumors swirl🌪️
BYJU’s expects to turn cash-flow positive in 2-3 months💸
Coffee company Blue Tokai bags $30 million from A91, others☕
Top four IT firms record sharp drop in net hiring, lowest in 11 quarters👩🏻💻
Tata Tech starts work on IPO to raise up to Rs 4,000 crore📊
OYO to refile IPO papers with updates to Sebi by mid-February📃
Microsoft to lay off 10,000 employees, cut 5% of global workforce🙋🏻♀️
PhonePe raises $350 million in first tranche of $1 billion fundraise💰
Sun Pharma to acquire US-based Concert for $576 million⚕️
Adani looks to enter in water segment, to launch ₹20,000 cr FPO next Friday📊
Let’s move on to the top funding deals from the week.
Logistics and supply chain management integrator Locad has raised $11 million in a Series-A funding round led by Reefknot Investments.
Mumbai Oncocare Centre (MOC) raised $10 million from Tata Capital Healthcare Fund (TCHF) to expand across India in the next 18 months.
Beaconstac, a Quick Response (QR) code-based Software-as-a-Service (SaaS) company, has raised $25 million in its first external funding round, dubbed Series A, led by San Francisco-based Telescope Partners.
Avanse Financial Services, an education-focused non-banking financial company (NBFC), has raised Rs 800 crore from homegrown private equity firm Kedaara Capital to fuel its growth plans.
The Isprava Group, a luxury home has received Rs 160 crore in a funding round led by Asia-focused investment firm Symphony International.
Diabetes Reversal company Breathe Well-being has secured Rs 50 crore in its Pre-Series B funding round co-led by 3One4 Capital, Accel and General Catalyst.
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