Ecosystem Weekly | 14th Jun '20
Dr Reddy’s tweaks deal with Wockhardt on Covid-19 impactDr. Reddy’s Laboratories Ltd said on Wednesday it has bought a plant as well as select divisions of Wockhardt Ltd’s branded generics business in India, Nepal, Sri Lanka, Bhutan and the Maldives.
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US-based startup Postman raises $150 Mn in Series C round at $2 Bn valuation
Postman, the API development platform startup which was founded in Bengaluru and now headquartered in San Francisco, has secured a Series C funding of $150 million at a valuation of $2 billion.
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Startup News Snippets
M&A News
Market Pulse
- Gurugram-based intercity bus service startup Yolobus has raised $3 Mn in Series A round from Nexus Venture Partners
- Mumbai-based edtech startup Toppr has raised $2 Mn from its existing investor Kaizen
- Gurugram-based startup Hapramp has raised $1 Mn in a seed round from Anand Mahindra, Chairman of the Mahindra Group
- Bengaluru-based Ameliorate Biotech has raised $260K for their product ASSURED from Villgro, Vinners, LetsVenture, SINE IIT Bombay and DERBI
- Bengaluru-based Arkam Ventures has closed $43 Mn of its maiden startup fund. It will focus on early-to-growth-stage startups across financial services, healthcare, food, agriculture, and mobility space
- Bengaluru-based startup WarmOven has raised an undisclosed amount from serial entrepreneur Jyoti Bansal
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