Summary of the week📰

A quick look back at the week’s key tech headlines and funding deals.

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A Quick Recap of the Week

Monday

  • Paytm IPO to make 350 current, ex-employees millionaires🤑
  • Nykaa revenue grew 47% to Rs 885 crore for quarter 2 as profits declined💅🏻
  • Zomato among nine new stocks in MSCI India Index from December📊

Tuesday

  • Policybazaar shares end 22.74% higher on market debut⏫
  • Govt may introduce bill on cryptocurrencies in the winter session of Parliament⚖
  • After CFO and COO, Ola’s General Counsel quits ahead of IPO⚠

Wednesday

  • Mensa Brands bags unicorn status just in 6 months after starting up🦄
  • Deep-tech startups become hot targets for global firms👩🏻‍💻
  • Flipkart doubles fulfillment capacity YoY, sees strong quarter, says Walmart🛒

Thursday

  • FM Nirmala Sitharaman hails India’s 36 unicorns in the last 12 months👏🏻
  • PhonePe says it clocked more than two billion digital payments in October📱
  • Apple to sell spare parts to consumers to repair iPhones, Macs🛠

Friday

  • Biggest IPO, biggest crash: Paytm tanks 27% on Day 1😢
  • Zomato in talks to invest $500 million in Grofers for quick commerce play💰

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

Funding Deals

  • Offline discovery and rewards platform Magicpin has raised USD 60 million in Series D funding led by Zomato with participation from existing investors including Lightspeed Ventures.
  • ElectricPe, an electric-vehicle charging platform, has raised $3 million in a seed funding round led by Blume Ventures and Micelio Fund.
  • Mosaic Wellness, a health and wellness startup running digital health clinic platforms Manmatters and Bodywise, has raised $24 million (Rs 178 crore) in a Series A funding round led by Sequoia Capital India.
  • Silicon Valley-based AI firm H2O.ai has raised $100 million in Series E funding led by Australia’s largest bank, customer Commonwealth Bank of Australia (CBA).
  • Digital service provider to restaurants, Petpooja, has raised $4.5 million (around ₹33.5 crores) as a part of a new funding round led by Aroa Ventures, the family office of Oyo founder Ritesh Agarwal.
  • Packaged food company Wingreens Farms has raised Rs 124 crore in a round led by alternate investments focused Investcorp and impact investor Omidyar Network India.
  • Non-fungible token (NFT) ecosystem technology platform GuardianLink.io has raised $12 million in a Series A funding round led by Kalaari Capital and a private investor group.
  • Cookware and kitchen appliances brand Wonderchef has raised close to $20 million in a funding round led by Sixth Sense Ventures.
  • Clinikk, a Bengaluru-based insurtech and healthtech startup, has raised $4 million in pre-series A funding led by MassMutual Ventures.

Have a wonderful weekend!🥳

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