Ecosystem Weekly | 7th Jun '20

June 7, 2020

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Amazon in talks to buy $2-bn stake in Bharti Airtel

Amazon.com is in early-stage talks to buy a stake worth at least $2 Bn in Indian mobile operator Bharti Airtel, three sources with knowledge of the matter told Reuters, underscoring the growing attraction of India’s digital economy for U.S. tech giants

Abu Dhabi’s Mubadala to invest $1.2 Bn in Reliance’s Jio Platforms, Silver Lake commits $600 Mn more
Reliance Industries Abu Dhabi-based Mubadala Investment Company will invest $1.2 Bn in Jio Platforms as the Indian conglomerate roped in the sixth investor for its digital unit
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Startup News Snippets

M&A News

Market Pulse

Hyderabad-based immersive travel platform QuaQua has raised $1 Mn from Anthill Ventures and other existing investors
Bengaluru-based marketplace for fulfilling intracity last-mile deliveries LetsTransport has raised $1 Mn from Blacksoil Capital
Delhi-based SaaS startup Knorish has raised $323K as part of its Pre Series A funding round from 100X.VC, Standard Greases Family group and Uday Sodhi
India’s first of its kind debt resolution platform Credgenics, which combines the power of artificial intelligence with data science, has raised a seed round of funding from Titan Capital
Bengaluru-based online road transport marketplace Vahak has raised an undisclosed amount in its seed round from Leo Capital and other angel investors
Bengaluru-based packaged food brand for children Timios has raised Pre-Series A round from Rangsons Technologies and Paipal Ventures