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Top News of the Week: 1. Key Startup Funding Highlights Of The Week - Buoyed by Whatfix’s mega funding round, enterprisetech emerged as the investor favourite sector of the week. Besides, the sector witnessed the highest nine deals materialise via which startups raised $188.4 Mn. - Fintech was a distant second, seeing M2P Fintech raising $101 Mn only. Venture Capital firm Peak XV was the most active investor this week, backing two startups. -Seed funding picked up dramatically this week. Startups at this stage raised $44.5 Mn as against the $2.3 Mn raised during the past week. 2. Startup Fund Launches Of This Week - SaaS startup Kissflow’s founder and CEO Suresh Sambandam launched a new VC firm MudhalVC, which aims to invest around INR 125 Cr in 25 to 50 early stage startups, with average ticket size ranging between INR 25 Lakh and INR 1 Cr. - VC firm Tribe Capital has partnered with investment firm Oister Global to launch ‘Oister Tribe Ace Fund 1’. With a target corpus of $500 Mn, the fund will serve as the first alternative investment fund dedicated to secondary transactions. - Bengaluru-based AIF Optimistic Capital rolled out a maiden fund INR 200 Cr (around $23.9 Mn) to invest in India’s microbrewery space. 3. Updates On Indian Startup IPOs - Fintech unicorn MobiKwik secured approval from the Securities and Exchange Board of India (SEBI) for its INR 700 Cr initial public offering (IPO). The offer will entirely comprise a fresh issue of equity shares, with no offer for sale component. - Foodtech major Swiggy filed updated IPO papers with the SEBI for an INR 3,750 Cr ($450 Mn) IPO. Swiggy’s public issue will comprise a fresh issuance of shares worth INR 3,750 Cr and an offer for sale (OFS) component of 18.53 Cr equity shares. - Online furniture rental startup RentoMojo’s founder and CEO Geetansh Bamania will be looking to file its IPO within the next 18 months. SaaS unicorn Fractal is considering filing papers for a $500 Mn IPO with SEBI in November. The IPO will value the startup at $3.5 Bn. 4. Other Developments Of The Week - Seekho is eyeing to raise $8-10 Mn in its Series A round to be co-led by Lightspeed and Elevation Capital. - Fintech SaaS startup Zaggle announced the acquisitions of two companies this week— Span Across IT Solutions and Mobileware Technologies. It bought 98.32% stake in Span Across IT Solutions and 26% in Mobileware. - CCI approved Singapore-based TIGA Investments’ proposal to acquire a stake in real money gaming major Dream11’s parent Dream Sports Inc. The transaction is likely to see Tencent Holdings divest its entire stake in Dream Sports. - Home interior solutions startup HomeLane acquired its smaller rival DesignCafe in a share-swap transaction this week. Stay Updated. Stay Informed. Stay Ahead. Share the Medial App with your network, colleagues, and friends. Let's brainstorm, discuss together and help each other achieve our goals. And don't forget to rate us on the iOS App Store and Google Play Store to help us reach even more amazing people like you.