Ecosystem Weekly | 9th Feb '20

France’s Total to invest $510 mn in JV with Adani Green Energy
French energy giant Total SA will invest $510 Mn in an equal joint venture with Adani Green Energy that will hold solar energy assets.
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Baring PE India hits benchmark returns in partial exit from Manappuram Finance
Baring Private Equity Partners India has sold more than half of its stake in Thrissur-based gold loan financier Manappuram Finance for $101 Mn.
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Startup News Snippets

M&A News

Market Pulse

  • A vernacular podcasting platform Kuku FM has raised $6 Mn Series A funding from Singapore-based venture capital investment holding company Vertex Venture
  • Property search aggregator Square Yards Consulting has acquired Mumbai-based rental and property management platform Azuro for an undisclosed amount
  • Bengaluru-based edtech company Byju’s has raised an undisclosed amount of funding from General Atlantic. This round led Byju’s at the value of $8 Bn
  • Gurugram-headquartered artificial intelligence (AI)-driven logistics platform, fleetx has raised $3 Mn fresh funding from VCs and angel investors
  • Homegrown bicycle brand Frog’s Ahmedabad-based parent company AlphaVector has raised an undisclosed amount from Avaana Capital and Titan Capital
  • Edtech Startup which is a Local language learning app for India, Entri has raised $1 Mn seed funding from San Francisco-based Good Capital