VP Weekly | 3rd Nov ’19

November 3, 2019
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Abu Dhabi’s Masdar will acquire a minority stake in Hero Group’s clean energy arm
Masdar Clean Energy, wholly owned by the Abu Dhabi government’s Mubadala Investment Company, will acquire a minority stake of 20% in the Munjal family-led Hero Group’s clean energy arm for $150 Mn.
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MX Player has raised $110 mn from Tencent and Times Internet
Times Internet-owned OTT platform MX Player has raised $110 Mn funding from Chinese multinational conglomerate holding company, Tencent and its parent entity.
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Startup News Snippets

M&A News

Editor’s Weekly Pick

By now you’d have heard about Google’s announcement to acquire Fitbit for $2.1Bn. After smartphones, wearables seem to be the next battleground, where Apple Watch has been a clear leader, while Google has struggled with its products & platforms. Wired and Vox have some interesting analysis on what this acquisition means for business, data and privacy in the future.
-Abhishek

 

 Market Pulse

  • Bengaluru-based cab hailing unicorn Ola will raise $200 Mn fresh fund from technology giant Microsoft. The deal can be finalized next 20 days
  • Facebook for its VC Brand Incubator Programme tied up with SAIF partners and aims to enable the growth of small and medium businesses (SMBs) and entrepreneurship in the country
  • OYO’s top executives, including founder Ritesh Agarwal, have decided to pool their individual angel investments into a limited liability partnership firm Raaga Partners
  • SoftBank will fund 100 companies through its Vision Fund 2. Softbank Vision Fund (SVF) has already funded 86 companies through the the first fund, which was launched in 2017
  • US-based Firework will invest  $20 Mn in its indian operations. The company is trying hard to make its way in the Indian market and increase its user base
  • Switzerland-based IT security solutions EST Group has said it is bullish on Indian startups and is looking to invest $250 Mn into Indian startups, particularly in the fintech sector
  • Delhi-based traveller hostels chain, goStops, has raised an undisclosed amount of funding from angel investor like Nitish Mittersain, Sorabh Agarwal, etc