Ecosystem Weekly | 22nd Mar '20
ArcelorMittal, Nippon Steel sign $5.15 bn loan pact to refinance Essar Steel buy
Japan’s biggest steelmaker Nippon Steel Corp said that its joint venture with ArcelorMittal has signed a $5.15 Bn loan agreement with Japanese banks, including Japan Bank for International Cooperation.
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OYO receives infusion of $807M from SoftBank and RA Hospitality Holdings
Hospitality unicorn OYO Hotels & Homes has revived a tranche of $807 million of its Series F round of $1.5 billion it announced in October last year. The fresh tranche has come from existing investors SoftBank and Founder Ritesh Agarwal-owned RA Hospitality Holdings
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Startup News Snippets
M&A News
Market Pulse
- Bengaluru-based consumer lending startup SmartCoin has raised $7 Mn in Series A funding led by LGT Lightstone Aspada, Unicorn India Ventures and Accion Venture Lab
- Singapore-based AnyMind Group has fully acquired app-developer-focussed mobile video advertising and monetization platform Pokkt for an undisclosed amount
- Mumbai-based SaaS platform Peel-Works has raised $4 Mn from CESC Ventures. The money was raised by issuing debentures, equity and Series C and Series D preference shares
- US-based application management software & systems for Linux & Windows servers provider Idera has acquired JS tools & charting components provider FusionCharts for an undisclosed amount
- Mumbai-based online marketplace Craftsvilla has raised $4 Mn in multiple tranches, from June 2019 to March 2020, from its Singapore-based parent company Supera Investments
- Urbanclap Technologies India has acquired the assets of a Sydney-based on-demand beauty services startup Glamazon for an undisclosed amount
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