Week in review💡 (June 13 - June 18)

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

• Android lock-screen platform Glance to launch in the US soon📱

• Tencent buys 0.72% stake in Flipkart from Binny Bansal💰

• Edtech players go hybrid as online growth slows👩🏻‍🏫

👉🏻 Tuesday

• Sequoia closes largest India and SEA startup fund at $2.8 billion💸

• Newly-minted unicorn PhysicsWallah plans personal coaching push👨🏻‍🏫

• Crypto market cap back under $1 trillion, bitcoin below $24,000📉

👉🏻 Wednesday

• Shiprocket takes majority stake in Pickrr in a $200 mn deal🎁

• Coinbase to cut 1100 jobs amid turmoil in crypto markets🙅🏻‍♂️

• PUBG maker Krafton lines up $100m+ for Indian tech startups🎮

👉🏻 Thursday

• Learn from France to handle failures: Ashwini Vaishnaw to startups💡

• Edtech unicorn UpGrad raises $225 million in funding, doubles valuation🎓

• Crypto giant Binance opens 2,000 positions for hiring🪙

👉🏻 Friday

• UPI and Rupay card services will be available in France soon👏🏻

• ShareChat’s parent firm raises $255 million from Google, Times Group🤑

• Tweak algorithms to be more like TikTok, Facebook tells employees📹

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Let’s move on to the top funding deals from the week.

Funding Deals

• B2B manufacturing startup Groyyo has raised $40 million in a combination of equity and debt in its Series A round led by Tiger Global.

• Fintech giant Innoviti Payment Solutions has raised an additional fund from Alumni Ventures taking its ongoing Series D funding round to $22 million.

• Microsavings platform Siply has raised $19 million from Qi Ventures, LetsVenture and a couple of angel investors.

• Business-to-business construction material startup Infra.Market has raised $50 million in growth capital from Liquidity Group’s Mars Unicorn Fund.

• Sunshine Teahouse Pvt. Ltd., the parent company of Chaayos, raised $45 million as part of its Series C funding round led by Alpha Wave Capital at a $250 million valuation.

• Ecommerce roll-up firm Goat Brand has raised $50 million in a mix of equity and debt financing. New investors Winter Capital, 9Unicorns, Venture Catalysts, Vivriti Capital and Oxyzo participated in the round.

➡️ Check out our LinkedIn space for more on the funding deals.

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Weekend Reads

• Why Start-ups are Laying Off Employees (Read here)

• Tech’s biggest losers in 2022 (Read here)

• Domination of South Indian movies (Read here)

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Have a wonderful weekend!🥳

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