Week in review❄
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 fintech giant Razorpay valued at $7.5 billion in $375 million funding👑
Adda247 acquires UPSC prep platform StudyIQ Education📚
Cred users paid Rs 52,000 crore with credit cards for shopping in 2021🤑
OfBusiness raises $325 mn in fourth major fundraise this year💰
Meesho bets big on live commerce with new streaming platform🤳🏻
Blinkit suspends delivery in areas that it cannot service in 10 minutes🕙
MapmyIndia makes a strong debut, husband-and-wife team worth Rs 4400 Crores🗺
Zepto bags $100 million, valuation jumps to $570 million in 5 months🎁
Apple starts trial production of iPhone 13 in India📱
India overtakes UK to come third in unicorn race: Hurun report🦄
Swiggy in talks to invest in bike-taxi startup Rapido🏍
Amazon to acquire Cloudtail parent Prione from Catamaran📦
Edtech unicorns take the acquisition route for growth🤝🏻
IIFL's fund to invest Rs 300 crore in early-stage fintech startups💰
VC investment in Crypto, Web 3 startups soars to over $500 million this year🌐
Let’s move on to the funding deals from the week.
Software as a Service (SaaS) startup Hevo Data has raised $30 million in its Series B round led by Sequoia Capital India.
BGMI creator Krafton leads $6.5 million funding round in FRND app.
Online used cars retailer Cars24 has closed a $400-million funding round led by returning investor Alpha Wave Global, valuing the platform at $3.3 billion.
B2B ecommerce and supply chain enablement platform Bizongo has raised $110 million in a Series D round led by New York-based Tiger Global Management.
E-commerce and last-mile logistics and support startup Yodacart has raised $225,000 in a Pre-Seed funding round led by Ajith Daniel, a New York-based angel investor.
D2C tea brand Esah Tea has raised Rs 3 crore in its pre-series A round from NEDFI Venture Capital.
Retail and B2B e-commerce marketplace for food and grocery products Jumbotail has raised $85 million in a Series C round from Artal Asia Pte Ltd.
B2B seafood marketplace Captain Fresh has raised $40 million Series B investment led by Tiger Global and Prosus Ventures (formerly Naspers Ventures).
Feminine hygiene startup Sirona has raised Rs 100 crore in Series-B funding from Good Glamm Group.
Monster.com, a Quess company and online talent platform, has raised ₹137.5 crores in a funding round led by Akash Bhanshali (Volrado Venture Partners) and Meridian Investments with participation from Quess.
Sustainable mobility brand, Ninety One has raised ₹225 crores (or roughly $30 million) as a part of its latest Series A funding.
Distribution and logistics startup Ripplr has raised $12 million (around Rs 90 crore) in a funding round with a mix of equity and debt from Japanese firm Sojitz Corporation and Stride Ventures.
Jupitice, the world’s first justice technology (JusTech) company, has raised $4 million in a Pre-Series A round led by Almas Capital Limited.
Neo-bank Open is in the advanced stages of talks to close a fresh funding round of $100-150 million after which it will be valued at $1.1-1.3 billion.
Mumbai-based investment fund Epiq Capital has made the first close of $100 million for its second fund, with limited partners (LPs) such as Bollywood star Aamir Khan, cricketer Virat Kohli and entrepreneurs such as Curefit founder Mukesh Bansal.
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