A look at this week’s startup deals: Oyo, BharatPe, Swiggy, Trillion Loans, BluSmart Mobility, Pocket FM were in news
Startup space remained action-packed this week with a slew of firms raising funds while a few others starting potential acquisitions and merger talks. Meanwhile, Oyo aims to double its hotel for Char Dham Yatra 2023, Swiggy closed its grocery delivery vertical ‘Handpicked’, and the government has allocated Rs 611 crore to incubators and out of that, Rs 61 crore was released to startups under the seed fund scheme so far.
ZeeBiz.com has curated a list of top deals this week featuring Oyo, BharatPe, Swiggy, Trillion Loans, BluSmart Mobility, and Pocket FM.
Full-stack fintech services provider BharatPe Group on Tuesday announced it has completed a majority stake (51 per cent) acquisition in Trillion Loans, a Mumbai-based non-banking financial company (NBFC), for an undisclosed sum.
Co-working firm Smartworks has taken on lease 5.3 lakh square feet office space in Noida and Gurugram to cater to rising demand of flexible work space from corporates. Founded by Neetish Sarda and Harsh Binani, Smartworks provides managed office space to enterprises. It is present in 12 cities with a portfolio of around 80 lakh (8 million) square feet.
Hospitality tech platform OYO on Thursday said it will double the number of properties on offer for the Char Dham Yatra 2023 of Uttarakhand as it witnesses record demand from pilgrims. At present, the company has 40 hotels in Rishikesh, Haridwar, Srinagar (Uttarakhand), Kedarnath, Joshimath, and Uttarkashi, which will be doubled to 80 hotels.
Leading EV ride-hailing and charging provider BluSmart Mobility on Thursday said it has raised $42 million in the recent round and will continue to build on its vision of decarbonising the future of transportation in the country.
Pocket FM, a Gurgaon-based audio streaming platform, announced today, May 2, that it has raised $16 million in debt funding from the US-based Silicon Valley Bank (SVB). The company will use the money for expanding the audio series library, augmenting the creator community, and accelerating revenue, it said in a statement.
