Ecosystem Weekly | 26th Jul ’20

Petronet renews investment deal with US LNG developer Tellurian

India’s top gas importer, Petronet LNG, has renewed its initial deal to consider investing $2.5 billion in U.S. liquefied natural gas (LNG) developer Tellurian Inc’s Driftwood project, Indian sources familiar with the matter said.
Read More
 

InCred secures Rs 500 Cr in debt led by public sector banks, financial institutions

Mumbai-based NBFC InCred has raised Rs 500 crore debt funding from various public sector banks and public financial institutions.
Read More

Startup News Snippets

M&A News

Market Pulse

  • Bengaluru-based financial-technology firm Jodo has raised $4 Mn in seed funding from Matrix Partners, SAIF Partners, and other HNIs
  • Tamil Nadu-based Agritech startup Vegrow has raised $2.5 Mn in seed funding from Matrix Partners India, Ankur Capital, Better Capitals, Titan Capital, Sanjiv Rangrass and Rohit MA
  • Kochi-based Local language learning startup Entri has raised $2 Mn from a set of investors led by Good Capital. The company will use the newly-raised fund to capitalize on the opportunity ahead and ramp up marketing, and to produce more content in the coming months
  • Bengaluru-based iNurture Education Solutions has raised $1 Mn in debt funding from existing investor BlackSoil Capital. The company will use the funds to boost its digital higher education platform and meet its working capital needs
  • Gurugram-based fashion tech startup StyleDotMe has raised $47 k in Pre-Series A funding from Survam Partners, Bobby Kothari, Director, Jewelex India, and existing investor IAN