Week in review🚀 (June 06 - June 11)
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
Garuda Aerospace eyes plantation of 75,000 seeds🪴
SBI Foundation partners Khan Academy for digital learning program UpSchool📖
Instagram looks to turn up the beat via ‘1 Minute Music’ for Reels🎵
👉🏻 Tuesday
Zomato likely to sign Blinkit deal on June 17🥯
PhonePe will list in India, says CEO Sameer Nigam📊
Tata Motors to deliver 10,000 EVs to BluSmart Electric Mobility🚘
👉🏻 Wednesday
PhysicsWallah joins the unicorn club🦄
Pristyn Care acquires Tiger Global-backed health-tech firm Lybrate🩺
PolicyBazaar stock falls over 10% as founder sells shares in open market📉
👉🏻 Thursday
RBI allows RuPay credit card transactions on UPI💳
Replace SMS transaction alerts with app notifications, say fintech firms📩
BetterPlace completes fourth acquisition in 10 months💰
👉🏻 Friday
Beauty retailer Purplle is India’s second startup unicorn this week🦄
Cred raises $80 million in funding led by GIC at $6.4 billion valuation💸
Dedicated metaverses for banking, ecommerce come to life😎
Let’s move on to the top funding deals from the week.
Funding Deals
FlexiLoans, a digital lending platform for small businesses, backed by KKR India senior advisor Sanjay Nayar and former KPMG top honcho Narayan Sheshadri, has raised $90 million in a mix of equity and debt.
Consumer lending startup Kissht has raised $80 million in a round led by Vertex Growth Fund and Brunei Investment Agency.
Jiraaf, an alternative fixed-income investment platform, has bagged $7.5 million in a Series A funding round led by Accel Partners, Mankekar Family Office and Aspire Family Office (Dr. Bhaskar Shah).
Bengaluru-based in-space propulsion startup Bellatrix Aerospace has concluded an $8 million funding round led by BASF Venture Capital GmbH, the corporate venture company of BASF SE, and early-stage VC Inflexor Ventures.
SolarSquare, a business-to-consumer (B2C) solar products startup, has raised $4 million, led by early-stage venture investment firm Good Capital.
➡️ Check out our LinkedIn space for more on the funding deals.
Weekend Reads
What is a Crypto ETF? Crypto ETFs explained. (Read here)
Neobanks, the next evolution of banking. Neobanks explained. (Read here)
Big Tech has outgrown this planet. (Read here)
Have a wonderful weekend!🥳
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