Ecosystem Weekly | 5th Apr '20
MedGenome Raises $55 Mn In Fresh Funding To Expand In Tier 2-3 Markets
Bengaluru-based health-tech startup MedGenome has raised $55 Mn in a fresh funding round. The investment has been reportedly led by LeapFrog Investments.
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Unicorn India Ventures has announced the first close of its $52 Mn Fund II with a corpus of $12 Mn
The fund will be used to invest in early-stage startups, in Pre-Series A and Series A rounds, across several sectors.
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Startup News Snippets
M&A News
Market Pulse
- Bengaluru-based fintech startup Recko has raised $6 Mn from Vertex Ventures and Prime Venture Partners.
- Aster DM Healthcare has sold its Kuwait subsidiaries, Aster Kuwait Pharmaceuticals & medical equipment firm WLL to Pharmazone and Palestine Pharmacy Company for an undisclosed amount
- Bengaluru-based agritech supply chain startup Ergos has raised $5 Mn in a Series A funding round from Aavishkaar Group’s equity investment arm Aavishkaar Capital
- Gurugram-based edtech startup focused on building a global online school for K-12 Camp K12 has raised $4 Mn in a seed funding round from Matrix Partners India and SAIF Partner
- Mumbai-based Tapits Technologies which owns and operates fintech startup Fingpay has raised $4 Mn in a Series A funding round from IvyCap Ventures
- Mumbai-based edtech startup Lido Learning has raised $3 Mn in Series B funding from Rocket Internet founder Alex Samwer-backed Picus Capital and Paytm president Madhur Deora
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