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Indian Startup News Ep 63: Six Unicorns in a Week, WazirX NFT Marketplace and Starlink India Trouble

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This week in Indian Startup News, WazirX announces NFT marketplace for India, Starlink India rollout in trouble, PolicyBazaar IPO, MFine launches tool to monitor oxygen saturation levels using a smartphone, Byju’s acquires Aakash and goes international with Byju’s Future School.

In funding news, Swiggy raises $800 million, six startups turn unicorn in a week – Meesho raises $300 million, CRED raises $215 million, PharmEasy raises $350 million, Groww raises $83 million, ShareChat raises $502 million and Gupshup raises $100 million.

00:00 Introduction
00:32 WazirX launches NFT marketplace for India
03:27 Starlink India rollout in trouble
04:59 PolicyBazaar IPO
05:23 MFine launches tool to monitor oxygen saturation levels using a smartphone
06:58 Byju’s acquires Aakash and goes international with Byju’s Future School
09:26 Swiggy raises $800 million
09:59 Meesho raises $300 million
10:14 CRED raises $215 million
10:36 PharmEasy raises $350 million
10:59 Groww raises $83 million
11:20 ShareChat raises $502 million
11:38 Gupshup raises $100 million

WazirX launches NFT marketplace for India: Crypto trading platform WazirX has launched one of India’s first Non-Fungible Token (NFT) marketplaces – enabling users to buy and sell digital assets like artworks, in-game avatars, virtual property, video files, audio files and even tweets.

Starlink India rollout in trouble: Broadband India Forum has asked TRAI and ISRO to stop Elon Musk’s Starlink to take pre-orders in the country as they have failed to comply with the guidelines, don’t have their ground stations in the country and they don’t even have the required authorisation.

PolicyBazaar IPO: After Zomato and MobiKwik – online insurance aggregator platform Policybazaar is expected to file for IPO next month in Mumbai which could value the company at $3.5 billion.

MFine launches a tool to monitor oxygen saturation levels using a smartphone: Healthtech startup MFine has launched an app-based tool that can monitor your oxygen saturation levels without the need for any additional device.

Byju’s acquires Aakash and goes international with Byju’s Future School: Byju’s has announced the acquisition of Aakash Educational Services in a deal that is pegged at nearly $1 billion. Apart from that Byju’s has announced their global expansion plans with the launch of Byju’s Future School across the US, UK, Brazil, Indonesia and Mexico – starting with coding and math classes.

Swiggy raises $800 million: Swiggy has raised $800 million at a nearly $5 billion valuation from Falcon Edge Capital, Amansa Capital, Think Investments, Carmignac and Goldman Sachs.

Meesho raises $300 million: Social commerce startup Meesho has raised $300 million at a $2.1 billion valuation led by SoftBank Vision Fund 2 – turning it into a unicorn.
CRED raises $215 million: Kunal Shah’s CRED has raised $215 million in their series D round led by Falcon Edge Capital and Coatue Management – pushing their valuation from $800 million to $2.2 billion within three months.

PharmEasy raises $350 million: PharmEasy has raised $350 million led by Prosus Ventures and TPG Growth at a $1.5 billion valuation as the company looks to onboard more pharmacies on their platform.

Groww raises $83 million: Online investment platform has raised $83 million in a round led by Tiger Global Management at a valuation of more than $1 billion.

ShareChat raises $502 million: Indian language social media platform ShareChat has raised $502 million in a round led by Tiger Global Management valuing the company at $2.1 billion.

Gupshup raises $100 million: Conversational messaging platform Gupshup is the last startup to become a unicorn this week after raising $100 million in a round led by Tiger Global Management.

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