A look at this week's startup deals: PhonePe, BharatPe, Housing.com, BOXX, HeyoPhone, SnapE, Shiprocket, WhiteHat Jr were in news

This week, startups like HeyoPhone raised funding and gradCapital launched $6 million fund for students' startups; BharatPe's chief business officer Dhruv Bahl stepped down and WhiteHat Jr CEO Ananya Tripathi quit; and PhonePe announced to foray into stock broking business and launched Share(dot)Market.

ZeeBiz.com has curated a list of top deals this week featuring PhonePe, BharatPe, Housing.com, BOXX, HeyoPhone, SnapE, Shiprocket, WhiteHat Jr among others.

WhiteHat Jr CEO Ananya Tripathi quits

Ananya Tripathi, the CEO of the online coding provider WhiteHat Jr, the beleaguered platform under edtech giant BYJU's umbrella, has resigned from the company, marking another top-level exit at India's most-valued startup, a media report said on Wednesday.

BharatPe's chief business officer Dhruv Bahl steps down, Ashneer reacts

Dhruv Dhanraj Bahl, former COO of BharatPe who was recently reassigned as Chief Business Officer (CBO) for the company's merchant lending division, has stepped down. In a statement to IANS, a company spokesperson said that “we would like to confirm that Bahl is moving on from BharatPe to pursue his entrepreneurial passions”.

PhonePe forays into stock broking business, launches Share(dot)Market

Bengaluru-headquartered payments company PhonePe has forayed into the stock broking business with the launch of Share(dot)Market under its subsidiary PhonePe Wealth Broking Pvt Ltd, the company announced on Wednesday, August 30. Share(dot)Market is available as a mobile app and a web platform. The platform will help retail investors do intra-day trades and buy stocks, curated wealth-baskets, and mutual funds.  

Shiprocket Fulfillment to expand warehousing footprint with 3 new facilities

Shiprocket Fulfillment on Tuesday announced expanding its warehousing footprint with the opening of three new facilities in the country as it looks to enhance capacity by about 50 per cent by this fiscal. The addition of these warehousing facilities in Mumbai, Bengaluru, and Gurugram will augment the total capacity by 4.3 lakh square feet, the company said.

SnapE cabs looking to more than double its fleet in FY'24

Ride-hailing app SnapE, which operates EV cabs, is planning to more than double its current fleet by the end of FY'24, and venture into smaller cities, a company official said on Tuesday.

Housing.Com ties up with BOXX to provide insurance plan to protect customers from cyber fraud

Real estate portal Housing.Com on Monday said it has tied up with global insurtech player BOXX to offer a cyber security plan for protecting its customers from digital fraud. This collaboration aims to provide digital security for Indian homebuyers by introducing the comprehensive 'Cyber Protect' plan.

Cybersecurity startup Wiz considers potential bid for SentinelOne

Cybersecurity startup Wiz said on Friday it is considering a potential bid for SentinelOne after the $4.9 billion company started exploring strategic options. SentinelOne has struggled to become profitable, with clients slashing their information technology spending amid an uncertain economy and sticky inflation.

Y Combinator severs ties with Indian startup Medobed over 'irregularities'

Leading US-based investment firm Y Combinator has reportedly taken stern action on Indian instant medicine delivery startup Medobed after discovering "irregularities" at the platform. According to TechCrunch, citing sources, Y Combinator has “severed its ties with the Indian firm and a partner at the venture firm has also suggested to many prospective investors to not engage with Medobed”.

gradCapital launches $6 million fund for students' startups

Bengaluru-based venture capital fund gradCapital has launched its second fund of USD 6 million (about Rs 49 crore) to invest in students' startups. The VC fund on Friday said it will offer a standard cheque of USD 40,000 (Rs 33 lakh) at 4 per cent equity in companies set up by students.

Smart communication app HeyoPhone gets $500K funding

Smart communication app HeyoPhone has raised $500,000 funding from super-angels Aakash Chaudhry, co-founder of Aakash Educational Services (Aakash-Byju’s); Amit Chaudhary, co-founder of Lenskart; and Dinesh Gupta, co-founder of Busy Accounting, the company announced on Monday (August 28, 2023).