| September 6, 2022 |  | | Hello Reader,
India's benchmark indices closed in the green on Monday, even if they rose by just around 0.8% each. BSE Sensex rose by 442 points, closing the day just above 59,245 while Nifty50 closed over 17,665, an increase of just 126 points.
Meanwhile, we have some exciting news. The application window is now open for YourStory's Tech30 2022, a specially curated list of India's 30 most promising, high-potential and disruptive early-stage tech startups.
If you think your startup has the right credentials to make it to the list, please fill out this form. The deadline is October 20, 2022.
In today's newsletter, we will talk about -
Solving monetisation for connected TV and OTT -
Klub closes Rs 200 crore maiden fund -
CCI clears BillDesk's acquisition by PayU Here's your trivia for today: Who was the first person to hold 100 Guinness World Records at once? | | |
| Startup | | Solving monetisation for connected TV and OTT |  | | VDO.AI began with an aim to create an automated tech platform to help publishers and advertisers reach out to users in the most effective manner. Today, it helps connected TV and OTT apps like Disney Hotstar and Prime Video win the war for consumer attention and win the monetisation game.
It aims to achieve enhanced brand awareness via "direct reach, proprietary technology, and high-impact creative formats" that provide "high viewability and user engagement".
Money talks: -
VDO.AI's tech platform creates a framework where users spend more time on the site to help publishers while advertisers reach out to the audience with the right kind of ads—resulting in higher revenue for both. -
The startup has registered a double-digit million-dollar yearly turnover and has grown 500% CAGR since its establishment. -
It serves about four billion direct impressions every month across 3,000 publishers. | | Read More | | | | | | |
| | | | Undisclosed | | Healthledger Diagnostics
Seed | | | | | Undisclosed | | D'chica
Pre-Series A | | | |
| Investment | | Klub closes Rs 200 crore maiden fund |  | | Revenue-based financing platform Klub has announced the final close of its Rs 200 crore maiden fund Acelere8. The first close was announced in December 2021.
Klub will accelerate disbursement across growth-stage businesses during the festive season from the fund.
Join the Klub: -
The fund has already deployed nearly 30% of its corpus. -
It invests capital ranging from Rs 5 lakh to Rs 30 crore in businesses for a tenure of up to 24 months. -
Over the last few months, Klub has made 33 investments across growth-stage businesses. | | Read More | | | | |
| Mergers and acquisitions | | CCI clears BillDesk's acquisition by PayU |  | | In the biggest takeover in the Indian fintech space, the Competition Commission of India (CCI) has approved the $4.7 billion acquisition of online payment gateway BillDesk by Prosus-backed PayU India.
The deal involves the merger of the payment gateway business of two of the country's largest players.
A mega entity: -
BillDesk would be consumer internet group Prosus-owned PayU's fourth Indian acquisition, after Citrus Pay, Wibmo and PaySense. -
The mega deal, which was announced in August last year, had hit a roadblock after it came under the scrutiny of the CCI following its concerns over a 'potential monopoly' in the online payment gateway space. -
The combined entity would emerge as one of the top online payments providers with an annual total payment volume (TPV) of $147 billion. | | Read More | | | | |
| News & Updates | | | -
New boss: Liz Truss comfortably won the race to become leader of the Conservative party and on Tuesday will become Britain's latest prime minister, facing one of the most daunting economic crises of recent times. -
Infractions: The Irish Data Protection Commission has fined Meta-owned social media platform Instagram €405 million for violations of the General Data Protection Regulation. The fine is the third for a Meta-owned company handed down by the Irish regulator. - Job opportunity: Asia's richest man Gautam Adani is scouting for a new leader for his mergers and acquisitions strategy as the incumbent will soon take a new role within the group, according to people familiar with the matter.
- Homecoming: Dozens of ancient artefacts that investigators believe were looted have been seized from the New York Metropolitan Museum of Art. The office seized 27 artefacts from the Met using three search warrants. They will be repatriated to their countries of origin.
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| Upcoming Event | | |  | | Join us in Delhi for Brand Residency 2022!
This two-day event will bring together the biggest brands & the most influential brand builders in the country to give you a glimpse into what goes behind building a successful D2C brand & much more! | | Register Now | | |
| Here's what else we have for you | | | | How hyperlocal delivery models are feeding into India's urgent needs economy | | In association with Borzo | | With a well-planned hyperlocal delivery model, SMBs and local vendors can maximize their order fulfillment, offer a wider range of delivery options and also pass on discounts and best rates to their customers. | | Read More | | | | | This early-stage startup has announced its first ESOP buyback sale to recognize employees' efforts | | In association with SuperShare | | At a point where early-stage startups map out business operations, series A funded SuperShare is announcing an ESOP buyback for all its employees. Read how the startup is making its employees a part of its wealth generation strategy. | | Read More | | | | M-Power Academy: Season-2 | | In association with Amazon Web Services | | M-Power Academy's fifth event on September 7 with Arun Pandey, Senior Database Specialist Solutions Architect, AWS is an exploration of the fully managed, enterprise ready Amazon DocumentDB. | | Register now | | |
