Week in review 📉 (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!
1 Mail | 2 Minutes | 3 Stories
Want this in your inbox?
A Quick Recap of the Week
Monday
Adani leads the race to buy Ambuja and ACC with $13.5 bn in kitty👷🏻
Deepinder Goyal donates Rs 700 Cr in Esops to Zomato Future Foundation🏫
To boost startup financing, the government offers incentives to VC, PE funds💰
Tuesday
Delhivery's Rs 5,235 cr IPO opens on May 11 with price band of Rs 462-487📊
Paytm grants 3.9 million new Esops💱
Bitcoin falls to a 10-month low, other cryptocurrencies in red🔻
Wednesday
Swiggy temporarily suspends Genie service in 3 major cities🧞
Crypto unicorn CoinDCX to invest Rs 100 crore over next 12 months💸
Byju’s acquires Northwest Executive Learning for $100 million🧑🏻🎓
Thursday
Flipkart, Reliance, and Amazon may join ONDC🛒
Uber to focus on daily bus services, to hire 500 for tech centers🚌
Volumes on Indian crypto exchanges jump as bitcoin crashes📈
Friday
Zomato's 10-minute delivery plan feels the heat🕙
IPO-bound Navi appoints Meesho founder Vidit Aatrey as independent director😎
Ather raises $128M led by the Indian govt’s sovereign fund, Hero MotoCorp🛵
Let’s move on to the top funding deals from the week.
Funding Deals
Skillmatics, a global brand for children’s 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!🥳
If you enjoy these emails, please tell a friend about the Rise & Shine newsletter. It’ll help us reach more people.
Thanks for reading😊