Ecosystem Weekly | 12th Jul '20
ADIA renews interest in Jio Digital FibreAbu Dhabi Investment Authority (ADIA) has revived talks to invest close to $1 billion (about Rs 7,500 crore) in Reliance Industries’ infrastructure investment trust (InvIT) Jio Digital Fibre for up to 25% stake, people aware of the matter told The Economic Times.
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BP pays Reliance $1 bn to set up petrol station venture
BP has paid Reliance Industries $1 billion to set up a joint network of thousands of petrol stations across India to tap the country’s rapidly growing energy demand.
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Startup News Snippets
M&A News
Market Pulse
- PolicyBazaar’s parent company EtechAces Marketing and Consulting has raised $130 Mn from SoftBank Vision Fund. The investment is a mix of primary infusion of capital into the company at about $50 Mn and purchase of shares worth another $80 Mn
- Jaipur-based last mile rural distribution startup Frontier Markets has raised $2 Mn in a Pre-Series A funding from ENGIE Rassembleurs d’Energies, The Rise Fund, The Singh Family Trusts, Teja Ventures, and Beyond Capital Fund
- Bengaluru-based PiggyRide has raised $2Mn in a pre-Series A funding from JAFCO Asia and Artha Venture Fund
- Gurugram-based geospatial data intelligence startup Blue Sky Analytics has raised $1.2 Mn seed funding from BEENEXT Emerging Asia, Rainmatter Capital and Stanford Angels & Entrepreneurs
- Chennai and US-based cybersecurity startup Securden has raised $1 Mn in a seed funding from Accel, Girish Mathrubootham, Freshworks, Axilor Ventures, Manav Garg, Eka1.com, and CaratLane
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