Ecosystem Weekly | 29th Dec ’19

Online education platform Ruangguru has raised $150 Mn from General Atlantic
Indonesia based online education platform Ruangguru has raised $150 Mn in Series C funding from Mumbai and New York-based growth-focused venture capital firm, General Atlantic
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Keppel Land and Rustonjee form JV for $57 Mn
Singapore-based diversified conglomerate Keppel Land has entered into a JV with Mumbai based realty developer Rustomjee Group for $57 Mn
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Market Pulse

  • Pune-headquartered logistics portfolio company Xpressbees will raise $10 Mn in Series D funding from the Chinese e-commerce giant Alibaba
  • Bengaluru-based hyperlocal services enabler Dunzo has raised $0.7 Mn in Series D funding from Lightbox Ventures, Google, 3L Capital, and STIC
  • Japanese conglomerate SoftBank will close its SoftBank Vision Fund II (SVF II) at $30 Bn in the first quarter of the next year, SVF CEO Rajeev Misra told a leading publication
  • With the aim to maintain its position in India’s gaming industry, Baazi Games plans to invest $5 Mn in gaming startups in the country
  • Ahemdabad-based SaaS startup Keito has raised an undisclosed amount of funding from Pune based artificial intelligence(AI) and productivity-focused startup Suma Soft
  • Chennai-based YNOS Venture Engine has raised an undisclosed amount of funding from Mahesh Ramachandran and a group of undisclosed investors