Week in review 📉 (May 09 - May 14)

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

• Adani leads the race to buy Ambuja and ACC with $13.5 bn in kitty👷🏻

• Deepinder Goyal donates Rs 700 Cr in Esops to Zomato Future Foundation🏫

• To boost startup financing, the government offers incentives to VC, PE funds💰

Tuesday

• Delhivery's Rs 5,235 cr IPO opens on May 11 with price band of Rs 462-487📊

• Paytm grants 3.9 million new Esops💱

• Bitcoin falls to a 10-month low, other cryptocurrencies in red🔻

Wednesday

• Swiggy temporarily suspends Genie service in 3 major cities🧞

• Crypto unicorn CoinDCX to invest Rs 100 crore over next 12 months💸

• Byju’s acquires Northwest Executive Learning for $100 million🧑🏻‍🎓

Thursday

• Flipkart, Reliance, and Amazon may join ONDC🛒

• Uber to focus on daily bus services, to hire 500 for tech centers🚌

• Volumes on Indian crypto exchanges jump as bitcoin crashes📈

Friday

• Zomato's 10-minute delivery plan feels the heat🕙

• IPO-bound Navi appoints Meesho founder Vidit Aatrey as independent director😎

• Ather raises $128M led by the Indian govt’s sovereign fund, Hero MotoCorp🛵

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

Funding Deals

• Skillmatics, a global brand for children’s educational games and resources has raised $16 million in Series B funding, led by Sofina.

• Edtech startup iNurture Education Solutions has raised $15 million in a combination of debt and equity from ADM Capital.

• SirionLabs, an AI-driven contract lifecycle management startup, raised $85 million in Series D funding round led by Partners Group.

• GoKwik, an e-commerce enablement startup, secured $35 million in a Series B funding round led by Think Investments and RTP Global.

• FMCG wholesale platform ApnaKlub has bagged $10 million in its Series A funding round led by Tiger Global.

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Have a wonderful weekend!🥳

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