Week in review ⚡ (Mar 7 - Mar 12)
Week in review ⚡ (Mar 7 - Mar 12)
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
CredAvenue raises $137 million, turns unicorn in 18 months🦄
Facebook-backed Meesho targets early 2023 for IPO🥻
Reliance Retail-backed Dunzo to scale up its dark stores network🛒
Tuesday
Sachin Bansal’s Navi to file for Rs 4,000-crore IPO this week📊
Faasos is now largest Indian origin QSR with 500 restaurants in 10 countries🍛
Microsoft to set up fourth data center region in Hyderabad👨🏻💻
Wednesday
BYJU’S renews BCCI jersey deal, to pay 10% extra🏏
We see clear advantages in central bank-driven digital currency: FM💰
Flipkart in strategic alliance with Google Cloud to speed up innovation☁
Thursday
Tata Digital seeks more funds from Tata Sons for expansion💸
Tiger Global, A91 participate in Box8's $30-million secondary funding🍕
Apple May Be Challenged by Aramco as World’s Most Valuable Firm🛢
Friday
Blinkit gets $100 million from Zomato, in talks to raise another $300 million💰
Nykaa expands Retail Footprint, opens 100th store💅🏻
Government funds 800 startups under RKVY to fuel innovation👨🏻🌾
Let’s move on to the top funding deals from the week.
Funding Deals
Apollo.io, a business-to-business (B2B) sales and intelligence and engagement platform, has raised $110 million as part of its Series C funding round led by Sequoia Capital.
Captain Fresh, a business-to-business (B2B) seafood and meat marketplace, has raised $50 million in a round led by existing investors Prosus Ventures and Tiger Global.
Banking tech platform Zeta has raised $30 million as a part of strategic investment from Mastercard and other investors, taking the company’s valuation to $1.5 billion.
Agritech startup Otipy (operated by Crofarm Agriproducts) has raised $32 million (about Rs 235 crore) in funding led by Westbridge Capital.
IT company Info Edge, which owns platforms such as Naukri.com and Jeevansathi, has acquired a 76% stake in online dating company Aisle Network for Rs 91 crore.
Bengaluru-based lending fintech Money View has raised $75 million in a Series D round led by Tiger Global which has taken the company's valuation to $625 million.
UK-based consumer tech company Nothing has raised $70 million in its Series B funding round, which was co-led by EQT Ventures and C Ventures.
Live game streaming startup Loco has raised $42 mn (INR 330 Cr) led by South Korea’s early-stage venture fund, Hashed.
Audio content platform Kuku FM has raised $19.5 million as a part of a funding round led by South Korean gaming giant Krafton.
To get a complete summary of the startup ecosystem and funding round, click here.
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