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Top news of the Week: 1. Key Startup Funding Highlights Of The Week - While a mega deal materialised in the form of NBFC Finova Capital’s Series E funding round in the final week of October, no deals worth over $100 Mn took place in the first week of November. - Fintech startup Easy Home Finance secured $35 Mn in its Series B funding round on November 6, making it the biggest cheque secured by a startup in the past week. - On the back of Easy Home Finance and MODIFI’s funding rounds of $15 Mn, fintech topped the sectorial list with heaviest capital influx of the week. - At a sectoral level, deeptech was close on the heels of fintech in the past week. Startups in the space cumulatively raised $33.9 Mn via the highest six deals in the week. Seed funding in the week stood at $5.4 Mn. 2. Mergers & Acquisitions - Gladiators Esports bough gaming company Gods Reign for what the startup claims to be the biggest acquisitions in the Indian esports space. However, no details of the financial details of the transaction were disclosed. - Marking its fourth acquisition in the fiscal year 2024-25, listed fintech company Veefin Solutions picked up a 50% stake in Singapore-based GenAI startup Walnut in an all-cash deal. - Continuing its purchase streak, gaming major Nazara bought UK-based growth marketing agency Space & Time for around INR 52.3 Cr in a cash and stock deal via its subsidiary Datawrkz. - Wealth management startup Wealthzi was acquired by Nivesh for INR 9 Cr. In what could be one of the biggest startup mergers in the insurance space, Inc42 learnt that InsuranceDekho and RenewBuy are looking at finalising a merger that would value the combined entity at $1 Bn. 3. Updates On Indian Startup IPOs - Foodtech major Swiggy’s IPO closed with an oversubscription of 3.59X on November 8. The startup is scheduled to get listed on November 13. - Logistics unicorn BlackBuck filed its RHP for an IPO consisting of fresh issuance of equity shares worth INR 550 Cr and an offer for sale of 2.06 Cr shares by several existing shareholders. The startup’s IPO will open on November 13 and close on November 18. - NBFC Avanse Financial Services received approval from the SEBI for its INR 3,500 Cr public issue on October 23. 4. Other Developments Of The Week -VC firm First Cheque will likely back 15-20 startups with investments of up to $500Kapiece from its third cohort over the next 18 months. - Agritech startup Arya.ag secured a debt commitment of $19.8 Mn from US International Development Finance Corporation (DFC) to extend a debt facility for its agri commerce subsidiary Aryatech. The funding commitment is for .a period of seven year. 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.