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Week in review π (May 09 - May 14)
A quick rundown of the startups that made headlines this week. Funding and acquisitions in Indian startups this week.
Good Morning!
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A Quick Recap of the Week
Monday
Adani leads the race to buy Ambuja and ACC with $13.5 bn in kittyπ·π»
Deepinder Goyal donates Rs 700 Cr in Esops to Zomato Future Foundationπ«
To boost startup financing, the government offers incentives to VC, PE fundsπ°
Tuesday
Delhivery's Rs 5,235 cr IPO opens on May 11 with price band of Rs 462-487π
Paytm grants 3.9 million new Esopsπ±
Bitcoin falls to a 10-month low, other cryptocurrencies in redπ»
Wednesday
Swiggy temporarily suspends Genie service in 3 major citiesπ§
Crypto unicorn CoinDCX to invest Rs 100 crore over next 12 monthsπΈ
Byjuβs acquires Northwest Executive Learning for $100 millionπ§π»βπ
Thursday
Flipkart, Reliance, and Amazon may join ONDCπ
Uber to focus on daily bus services, to hire 500 for tech centersπ
Volumes on Indian crypto exchanges jump as bitcoin crashesπ
Friday
Zomato's 10-minute delivery plan feels the heatπ
IPO-bound Navi appoints Meesho founder Vidit Aatrey as independent directorπ
Ather raises $128M led by the Indian govtβs sovereign fund, Hero MotoCorpπ΅
Letβs move on to the top funding deals from the week.
Funding Deals
Skillmatics, a global brand for childrenβs educational games and resources has raised $16 million in Series B funding, led by Sofina.
Edtech startup iNurture Education Solutions has raised $15 million in a combination of debt and equity from ADM Capital.
SirionLabs, an AI-driven contract lifecycle management startup, raised $85 million in Series D funding round led by Partners Group.
GoKwik, an e-commerce enablement startup, secured $35 million in a Series B funding round led by Think Investments and RTP Global.
FMCG wholesale platform ApnaKlub has bagged $10 million in its Series A funding round led by Tiger Global.
Have a wonderful weekend!π₯³
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