Ecosystem Weekly | 19th Apr '20
Zee to infuse $68.4 mn in tech arm SugarBox
Mumbai headquartered media major Zee Entertainment Enterprises has announced its plans to invest $68.4 million in its arm Margo Networks, which operates content distribution platform under the brand name SugarBox.
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Sequoia India bets more on Indonesian logistics startup Kargo
Kargo Online System PT, which operates Indonesian freight logistics marketplace Kargo Technologies, has raised $31 million in a Series A funding round.
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Startup News Snippets
M&A News
Market Pulse
- Bengaluru-based AI chatbot startup Yellow Messenger has raised $20 Mn in Series B funding from Lightspeed Venture Partners and Lightspeed India Partners
- Chennai-based non-banking financial company Shriram Transport Finance a part of the larger Shriram Group has raised $20 Mn in debt capital from development bank of Austria OeEB
- US-based multinational software services company Autodesk will acquire a minority stake in the US- and Bengaluru-based Aurigo Software Technologies for an undisclosed amount
- Mumbai-based on-demand logistics marketplace Porter has raised $18 Mn in Series D funding from Lightstone Global Fund. Porter works with FMCG, SMEs, traders, 3PLs, courier, & cargo firms
- Bengaluru-based fintech lending startup Capital Float has raised $15 Mn from Ribbit Capital, Amazon, SAIF Partners, and Sequoia Capital India to expand its lending operations
- Bengaluru based fintech startup Setu raised $15 Mn in Series A funding from Falcon Edge, Lightspeed Venture Partners US, Lightspeed India Partners, and Bharat Inclusion Seed Fund
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