Week in review 🗞️ (May 23 - May 28)
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Week in review 🗞️ (May 23 - May 28)
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
Flipkart enters at-home appliance repair service, starts with ACs🪛
Digital health platform Mfine lays off 500 employees🩺
Visa takes a big bet on commercial payments in India💳
👉🏻 Tuesday
Zomato Q4 Results: net loss jumps to Rs 360 crore🍕
Marico picks up 54% stake in D2C health food brand True Elements🥗
Startup funding woes may hurt IPL ad prospects🏏
👉🏻 Wednesday
Delhivery shares rise 10% on market debut🚚
Firework raises $150 million in Series B round via SoftBank Vision Fund 2🧨
SoftBank-backed Oyo said to shelve plans for IPO in 2022🏩
👉🏻 Thursday
5G set to speed up news delivery, improve quality of content: Anurag Thakur🗞️
Country Delight raises $108 mn in Series D round led by Temasek, Venturi Partner🥛
Andreessen Horowitz launches $4.5 billion Web3 fund amid market downturn💰
👉🏻 Friday
Google in talks to partner with ONDC, following Amazon, Reliance and Flipkart🛒
Myntra introduces ‘M-Express’, under 48-hour delivery service👗
Chipmaker Broadcom to buy VMware in $61 billion deal💸
Let’s move on to the top funding deals from the week.
Funding Deals
Seclore, a data-centric security platform provider, has bagged $27 million in Series C funding round led by Oquirrh Ventures and Origami Capital.
Technology startup 1K Kirana has raised $25 million in its Series B round led by Alpha Wave Ventures.
NextBillion.ai, a Singapore-based artificial intelligence (AI) spatial data and location mapping platform, has raised $21 million in a funding round led by Mirae Asset Capital.
EV startup BluSmart has raised $25 million in its follow-on Series A (Series A1) funding round led by BP Ventures and Green Frontier Capital.
Fintech firm for electric vehicle financing Three Wheels United has raised $10 million from UK-based logistics and distribution company Delta Corp Holdings and other investors.
Digital payment solutions provider Innoviti has secured an additional Rs 75 crore ($9.6 million) as part of its Series D funding round from existing investor, Dutch development bank FMO.
➡️ Check out our LinkedIn space for more on the funding deals.
Weekend Reads
➡️ What caused the latest cryptocrash? (Read here)
➡️ The economic impact of India’s heatwaves (Read here)
➡️ Gautam Adani becomes world's 5th richest person, surpasses Warren Buffett (Read here)
Have a wonderful weekend!🥳
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