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Harsh Dwivedi
•
Medial • 1y
Top News of the Week 1. Funding: - This week, IPO-bound non banking financial company Aye Finance raised $12.8 Mn in debt from a clutch of investors, including Northern Arc, ASK Financial Holdings. This was the largest funding round of the week. - Edtech emerged as the most funded sector this week. While Klassroom secured an undisclosed amount in a Pre-Series A funding round led by ah! Ventures, NumberOne Academy also raised $350K from angel investor Santosh Nair. - Two startups at a seed stage, CargoFL and Flo Mobility, raised $787K this week. 2. Other Developments - In what seemed to be a tumultuous week for hyperlocal delivery startup Dunzo, the startup is reported to look for a distress sale as the company to address its financial woes as cofounder Kabeer Biswas looks to jump ship. - US-based venture capital firm Accel raised $650 Mn for its eighth India fund from 131 undisclosed investors. - Securities and Exchange Board of India (SEBI) cleared Ather Energy’s INR 3,100 Cr IPO this week. - D2C brand Minimalist is likely to be acquired by FMCG giant Hindustan Unilever Limited (HUL) in a deal that will value the startup at $350 Mn, about 5X its last private valuation. - Healthcare unicorn Pristyn Care is reported to be in preliminary discussions to raise between $50 Mn to $100 Mn in a 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.
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