Week in Review 🚀 (Jul 03 - Jul 08)

Jul 08, 2023

Hello Everyone👋🏻

Welcome to our Week in Review!

From the latest trends to the biggest investments, we’ve got you covered.

So sit back, relax, and catch up on all the news you need to know to stay ahead of the game.🛋️

Meta's Twitter rival Threads crosses 70 million signups in two days
Ideaforge soars on market debut, investor wealth nearly doubles
Nykaa sees beauty, fashion biz grow despite overall slowdown in discretionary spending
Shein Takes on Amazon in the Business of Selling Everything

Despite raising new capital, funds keep purse strings tightened (Check new funds by VC firms)
Startup20 Engagement group seeks $1 trillion investment in the startup ecosystem
Groww Pay offers UPI-enabled payments
Rebel Foods enters Saudi Arabia; aims to build $100 million food delivery biz in 3 yrs
Fantasy gaming apps' revenue surged to Rs 2,800 crore during IPL 2023
Google picks 20 Indian startups for its accelerator programme
Garuda Aerospace bags 400 Agri Kisan drone orders from IFFCO
Union Cabinet approves Digital Personal Data Protection bill
PharmEasy plans Rs 2,400 Cr rights issue at 90% discount
Amazon set to cross $8 billion in cumulative exports from India in 2023
Meta’s Twitter clone Threads sees 5 million signups in 4 hours
Chandrayaan-3, India's third lunar exploration mission, is scheduled to be launched on July 14.
Reliance Jio set to sign $1.7 bn deal with Nokia for 5G equipment: Report

Let’s move on to the top funding deals from the week.

Study abroad edtech platform Leverage Edu has raised $40 million in a Series C funding round led by Educational Testing Service (ETS), an educational testing and assessment organization.
Giva Jewellery raised Rs 200 crore in a Series B funding round led by Premji Invest.
Battery swapping network Battery Smart has raised $33 million in a pre-Series B funding round. The round saw participation from the startup’s existing investors Tiger Global and Blume Ventures and new investors The Ecosystem Integrity Fund (EIF) and British International Investment (BII).
Digital transformation consulting company KaarTech has raised $30 million from A91 Partners.
Cellular module manufacturer Cavli Wireless has raised $10 million as part of its latest funding round, which was led by Chiratae Ventures and Qualcomm Ventures.
Smartstaff, a blue-collar staffing platform, has raised $6.2 million in its Series A funding from Nexus Ventures, Arkam Ventures, Blume Ventures and Alteria Capital.
E-scooter maker Vegh has raised $5 million from an undisclosed investor as part of its ongoing $50-million pre-Series A round.