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Week in review ⏳ (May 30 - June 04)
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
Indian startups continue to create value, wealth despite pandemic: PM Modi💪🏻
Swiggy in contention for Indian operations of German wholesale retailer Metro AG🧃
Freshworks grants CEO $233 million in stock awards💸
FrontRow lays off 145 employees, MPL to sack 100🚫
ShareChat may pick up $300 million amid funding winterz💰
Crypto paper soon, but the law will take time: economic affairs secretary📜
Tata Digital joins hands with Mad Street Den to elevate personalisation experience on the super app😊
BetterPlace acquires OkayGo, aims to reduce hiring costs by 20%🔨
TikTok owner Bytedance in talks to relaunch in India🔮
Aditya Birla Group launches House Of Brands ‘TMRW’ to back New-Age Digital Businesses👗
Edtech startup Udayy shuts down, lays off entire staff🎓
Binance raises $500 million to make Web3, blockchain investments💰
Unicorn Gupshup acquires Sequoia-backed OneDirect💬
ExpressVPN rejects new VPN rules, to pull all servers from India💻
CoinSwitch launches crypto rupee Index CRE8🎱
Let’s move on to the top funding deals from the week.
Direct-to-consumer (D2C) beauty and personal care brand Sugar Cosmetics has raised $50 million led by L Catterton with participation from existing investors A91 Partners, Elevation Capital and India Quotient.
Alternative data insights start-up Synaptic said it has closed a $20 million Series B funding round led by Valor Equity Partners.
MoEngage, the insights-led customer engagement platform, has raised $77 million in Series E funding led by Goldman Sachs Asset Management and B Capital.
Math tutoring startup Cuemath has raised $57 million in a fresh round of funding led by Alpha Wave.
Card-based lending and payment solutions provider Slice has raised $50 million as part of a larger Series C round led by existing investor Tiger Global.
Orange Health, a healthtech startup has raised $25 million in Series B funding round, led by Bertelsmann India Investments and co-led by General Catalyst.
Cloud kitchen firm Curefoods has raised $50 million in its Series C funding round from a mix of new and existing investors.
Eloelo, a creator-led social gaming and live streaming platform, has raised $13 million in Series A funding round co-led by KB Investments, Kalaari Capital, and existing investors Waterbridge Ventures and Lumikai Fund.
➡️ Check out our LinkedIn space for more on the funding deals.
Success Story Of Gautam Adani - Ambitions Turn To Reality. (Read here)
What exactly is Web 3.0, what will it look like and how will it change our lives? (Read here)
A new kind of sport - esports is on the rise in India and it is not the same as online gaming. (Read here)
Have a wonderful weekend!🥳
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