Ecosystem Weekly | 12th Apr '20

Reliance Industries invests $66 Mn in edtech startup Embibe
Bengaluru-based edtech startup Embibe reported that it received a funding of nearly $66 Mn from its existing investor and shareholder Reliance Industries.
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Alibaba invests $50 million in BigBasket’s bridge round
Last year, BigBasket had raised $150 million led by Mirae Asset-Naver Asia Growth Fund, UK government-owned CDC Group, and existing backers like Alibaba.
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Startup News Snippets

M&A News

Market Pulse

  • Bengaluru-based online edtech startup Vedantu has raised $13 Mn as a part of its Series C1 round from Chinese venture firm Legend Capital and Omidyar’s Ohana Holding
  • Japan-based M3 has acquired the healthcare market research business of Bengaluru-based Manthan Software Systems for an undisclosed amount
  • Gurugram and Patna-based agritech platform DeHaat has raised $12 Mn in Series A funding round from Sequoia Capital, FMO, Omnivore & AgFunder
  • Skill-based gaming startup Zupee has raised $8 Mn in its Series A round from Matrix Partners India, Falcon Edge Capital, WestCap Group, Orios Venture Partners and Smile Group
  • Mumbai-based edtech startup Lido Learning, that focuses on live online tutorials, has raised $8 Mn in Series B round from Ant Financial-backed BAce Capital and existing investors
  • Hyderabad-based technology-enabled supply chain platform Akna Medical  has raised $7 Mn from LGT Lightstone Aspada