Ecosystem Weekly | 15th Dec ’19
Paytm Parent One97 has raised $670 Mn from SoftBank, AliPay, and others
Noida-headquartered One97 Communications, the parent company of Paytm has raised $670 Mn from it’s existing investors T Rowe Price, Alipay, SoftBank, and others.
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Gurugram based Oyo has raised $693 Mn from Ritesh Agarwal
Gurugram headquartered Oyo Rooms has raised $693 Mn from its CEO and Founder, Mr. Ritesh Agarwal.
Startup News Snippets
M&A News
Editor’s Weekly Pick
Fast.. Faster.. Fastest growth possible, at all costs. Beyond growth hacking to grow exponentially, startups are increasingly using M&A to boost their growth even more. Here’s a great Crunchbase article on this trend worldwide, while an extensive coverage on top startups acquisitions in India by Inc42 in 2019.
–Abhishek
Market Pulse
- Bengaluru-based 3one4 Capital has announced the final close of its Continuum I and Rising I fund at $56.5 Mn and $6 Mn respectively
- Pune-based wellness and fitness startup Squats Fitness has acquired a minority stake in gym aggregator platform Fitato in an ongoing Pre-Series A funding for an undisclosed amount
- Private equity firm Apis Partners has raised $550 Mn for its second fund in limited partner commitments. The second fund will make equity investments of between $30Mn and $50 Mn
- Bengaluru-based insurtech startup, Digit Insurance will raise $80 Mn from TVS Capital Funds, A91 Partners and Faering Capital
- Investment and scaling platform for early-stage startups, Anthill Ventures, in partnership with actor Rana Daggubati has launched Urban-I, a market access programm
- Bengaluru-headquartered edtech startup Cuemath has raised $5 Mn in Series B funding from Manta Ray Ventures, Capital G and Sequoia India
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