Ecosystem Weekly | 3rd May '20
M&A-minded Piramal near $500M deal to sell pharma stake to KKRIndia’s Piramal Enterprises may sell a 20% minority stake in the pharma unit—a slice valued at $500 million—to private equity giant KKR & Co.
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Paytm in funding talks with Microsoft to build war chest
The proposed fundraise, which may amount to around $100 million is likely to be an extension of a planned $1 Bn fundraising that the company had initiated last year.
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Startup News Snippets
M&A News
Market Pulse
- Delhi-based technology platform for rooftop solar energy solutions for industry, SMEs/MSMEs, and homes MYSUN has raised $4 Mn as a part of its Pre-Series A round from General Catalyst & existing investors
- SaaS platform which allows Facebook community admins to manage their groups Convosight has raised $4 Mn in its pre-Series A round from IvyCap Ventures and Sequoia Capital’s accelerator programme called Surge
- Fintech startup offering small-ticket loans to blue and grey-collared workers via its mobile app and website NIRA has raised $2 Mn in Pre-Series A round from existing & new angel investors in the UK, Europe, and India
- Pune-based online fitness startup Fittr has raised $2 Mn in pre-series A round from Sequoia Capital’s accelerator programme called Surge
- OncoSeek Bio incubated at the University of Hyderabad has been selected for Covid-19 funding by the Biotechnology Industry Research Assistance Council (BIRAC) to develop an in vitro Lung Organoid model
- Gurugram-based startup incubator Huddle has launched an incubation Program inviting early-stage and growth-stage ventures offering innovative solutions to combat the challenges posed by the Covid-19 pandemic
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