A look at this week's startup deals: Reloy, Oyo, Blinkit, Tesz, Razorpay, Toprankers 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. Startups in India are contributing towards bringing down the unemployment rate in the country to a great extent, Software Technology Park of India Director General Arvind Kumar said here on Wednesday. Meanwhile, hospitality technology firm OYO announced to add 50 new properties in Ayodhya in 2023, and full-stack payments and banking platform Razorpay shared that it has set up an advisory board to strengthen corporate governance, with former RBI deputy governor N.S. Vishwanathan as chairperson. 

ZeeBiz.com has curated a list of top deals this week featuring Reloy, Oyo, Blinkit, Tesz, Razorpay, Toprankers  among others.

HDFC Capital to hike stake in proptech startup Reloy to up to 9.6%

HDFC Capital Advisors will increase its stake in proptech startup Loyalie IT Solutions (now renamed as Reloy) to up to 9.6 per cent from 7.2 per cent currently, amid surge in adoption of technologies in Indian real estate market. According to a regulatory filing on Wednesday, HDFC Capital Advisors will acquire 1.67 lakh compulsory convertible preference share (CCPS), which post allotment will be equivalent to additional 1.8 per cent to 2.4 per cent stake in Loyalie (Reloy).

OYO to add 50 new properties in Ayodhya in 2023

Hospitality technology firm OYO on Thursday said it will add 50 new properties in Ayodhya in 2023 under a collaboration with Ayodhya Development Authority and Uttar Pradesh State Tourism Development Corporation.

Blinkit strike news: Zomato says most of strike-hit Blinkit stores resume operations

Most of the stores of quick commerce player Blinkit have resumed operations after being affected by strike of delivery partners, according to a regulatory filing by Zomato.

Startups in India bringing down unemployment rate

Startups in India are contributing towards bringing down the unemployment rate in the country to a great extent, Software Technology Park of India Director General Arvind Kumar said here on Wednesday. 

Tesz hits half-a-million monthly users

Tesz, an expert platform backed by the Kerala Startup Mission for clarifying queries pertaining to government services, has achieved the milestone of serving half a million monthly users.
Tesz, which has a strong presence in the southern states, is a one-stop platform for all queries related to government services in the most efficient way possible, the company said.

Razorpay sets up advisory board to boost corporate governance

Full-stack payments and banking platform Razorpay on Tuesday announced that it has set up an advisory board to strengthen corporate governance, with former RBI deputy governor N.S. Vishwanathan as Chairperson.

The company appointed Arijit Basu, former managing director, State Bank of India; former telecom secretary Aruna Sundararajan; and K.P. Krishnan, former secretary, Ministry of Skill Development and Entrepreneurship as members of the advisory board.

Toprankers buys ProBano to foray into career discovery & guidance segment

Edtech firm Toprankers which is backed by VC firm Sixth Sense Ventures has acquired career guidance platform ProBano in a cash-and-stock deal, the company said on Monday, 17 April.

The company did not disclose the financial details of the deal which will help Toprankers to foray into the career discovery and guidance segment.

BetterPlace acquires Malaysia-based TROOPERS to empower gig workforce

Frontline workforce management SaaS platform BetterPlace on Monday announced the acquisition of TROOPERS, Malaysias leading flexi talent solutions technology player.

The acquisition marks BetterPlace`s second major move this year, following its majority stake acquisition of blue-collar workforce fulfillment platform MyRobin in Indonesia earlier this year.

Zoom acquires employee communications platform Workvivo

Video-based communications app Zoom has announced it is acquiring Irish employee communications platform Workvivo for an undisclosed sum.

Founded in 2017, Workvivo provides a feature-rich employee experience platform, combining advanced internal communication and engagement tools, a social intranet, and an employee app, all blended into one central hub, forming the heart of a company`s digital ecosystem.

Spotify to shut its music guessing game 'Heardle'

Music streaming platform Spotify has announced that it will shut down its Wordle-inspired music guessing game `Heardle` on May 5 as it aims to focus on its other objectives around music discovery.