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Top News of the Week: 1. Funding: - Between October 21 and 26, startups cumulatively raised $145.5 Mn across 10 deals, a 70% decline from $478 Mn raised in the preceding week. - Deal count also went down sharply this week by about 65% from last week’s 29 deals. - Healthttech startup Even Healthcare bagged the biggest cheque of the week, raising $30 Mn in its Series A round led by Khosla Ventures, along with Founders Fund, 8VC and Lachy Groom. - On the back of Even Healthcare’s fundraise, healthtech emerged as the investor favourite startup sector this week. Besides, Healthify (formerly Healthifyme) also raised $20 Mn in its pre-Series D funding round. - Ecommerce sector saw the highest number of rounds materialise this week as it witnessed a fresh capital infusion of $10.4 Mn across 4 deals. Khosla Ventures emerged as the most active investor this week, backing Even Healthcare and Healthify. - Seed funding plunged this week to $126K as compared to $26.5 Mn raised by startups at this level. 2. Mergers and Acquisitions - FirstCry’s rollup brand GlobalBees has invested INR 4.5 Cr in its subsidiary Dynamic IT Solution to acquire more stake in the company. Dynamic IT Solution builds sports & fitness accessories and other sports and fitness products under the brand name Strauss. - While announcing its financial results for Q2 FY25, Zomato said that it has received its board’s nod to acquire an 8% stake in innovative kitchen appliances maker Byondnxt. - Online travel aggregator announced the acquisition of 51% stake in train food delivery platform Zoop Web Services Pvt Ltd for INR 12.54 Cr this week. 3. Other Developments - B2B seafood chain Captain Fresh has initiated its public offer plans by roping in Axis Capital and Bank of America (BofA) as the bankers for its IPO. - Swiggy backer Prosus’ CEO Fabricio Bloisi said that the VC firm is expecting more of its portfolio startups to go IPO in the next 12-18 months. - Swiggy has reportedly cut down its valuation target to $12.5 Bn from the erstwhile $13.5 Bn. - Kerala Startup Mission invested INR 15 Cr in energy transition focused investor Transition VC. - MUFG Bank and Koch Group approached the Competition Commission of India this week to pick a minority stake in Shiprocket. - Peak XV Partners announced that it has selected 14 startups under its cohort, Surge. Each startup can receive up to $3 Mn in seed funding as part of the cohort. - Logistics startup ShadowFax is likely to bag a fresh investment of around $45-$50 Mn in a round that will value it at $700 Mn. - Foodtech major Zomato received board approval to raise $1 Bn via qualified institutional placement. - B2B ecommerce unicorn Udaan is in talks with M&G Prudential to raise $80-100 Mn in a fresh funding round. - Online classified company Info Edge’s will be investing INR 30 Cr in its wholly-owned subsidiary Redstart Labs. - Investors like family offices of Manipal Group’s Ranjan Pai, Mankind Pharma’s Ramesh and Rajeev Juneja and Cipla are likely to be the new investors joining Zepto’s captable in its fresh funding round. 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.