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Top News of the Week 1. Funding - Two mega funding deals materialise in the form of Rebel Foods and Mintifi. - On the back of Rebel Food’s $210 Mn fundraise, consumer service emerged as the investor favourite this week. - Startups in the space raised $218 Mn across two deals. - Due to Mintifi’s mega fundraise announcement, fintech emerged as the second most funded sector this week. Startups in the sector raised $148.30 Mn across 5 deals. - Pertinent to mention that the ecommerce sector also saw a similar number of funding rounds materialise to fintech this week. Startups like Wooden Street, Power Gummies, among others, cumulatively raised $106.20 Mn in the week. - Premji Invest emerged as the most active investor this week, backing Mintifi and Wooden Street. - Seed funding zoomed 246% to $17 Mn from $4.9 Mn last week. 2. Other Developments: - Fintech MobiKwik’s initial public offering (IPO) closed with an oversubscription of 119.38X. The startup is expected to get listed on December 18. - Omnichannel jewellery startup Bluestone filed its draft red herring prospectus (DRHP) with SEBI for an IPO comprising a fresh issue of shares worth INR 1,000 Cr and an offer-for-sale component of up to 2.40 Cr equity shares - Non-banking finance company Aye Finance’s board gave its nod to an IPO worth INR 1,450 Cr. The IPO will comprise a fresh issue of shares worth up to INR 885 Cr and an OFS component of INR 565 Cr. - Coworking startup IndiQube turned into a public limited company from a private limited company, taking the first step to its IPO. - Ecommerce major Flipkart received internal approvals to shift its domicile from Singapore to India for an IPO in the next 12-15 months. - Deeptech venture capital firm growX ventures floated its second fund with a target corpus $47.12 Mn. - Stride Ventures launched its largest fund till date with a target corpus of $300 Mn. - Amazon India will be investing $120 Mn in startups that digitise consumer goods manufacturing and cater to both domestic and global demand through its VC arm Amazon Smbhav Venture Fund. - Ecommerce major Zetwork got board approval to raise $66.6 Mn. The round is expected to be led by Khosla Ventures, along with participation from The Schiehallion Fund and others. - Listed fintech Veefin bought 50% stake in Singapore-based GenAI startup Walnut AI for $2 Mn. - Edtech Veranda Learning Solutions will be raising $29.5 Mn through a preferential issue to fuel acquisitions, deferred consideration payouts and expanding its existing business operations, - Recently launched ecommerce startup Worthy Cart is currently in discussions to raise $10 Mn its in Pre-Series A funding with investors. - Mobile Premier League said that it has picked up a significant stake in gaming development tools provider CloudFeather Games this week. - Dutch investor Prosus is reportedly in discussions to lead a $50 Mn funding round in fintech startup Jar. - OTT platform STAGE will be raising $9.9 Mn from multiple investors via issuance of preference shares. 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.