Ecosystem Weekly | 16th Aug ’20
Shell eyes stake in Nayara’s $9 bn petrochemical project
Oil major Royal Dutch Shell plans to buy a 50% stake in Indian-based Nayara Energy’s up to $9 billion planned petrochemical project
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E-health cos Medlife and PharmEasy in talks for $200 million merger deal
E-health companies Medlife and PharmEasy are in talks for a merger deal valued at $200-$250 million
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Startup News Snippets
M&A News
Market Pulse
- Bengaluru-based indigenous short video-sharing app Chingari, has raised $1 Mn in a seed round from venture capitalists, including AngelList India, Utsav Somani’s iSeed, Village Global, LogX Ventures, and Jasminder Singh Gulati of NowFloats
- California-based online climate school Terra.do has raised $1 Mn in seed round from Stanford Angels and Entrepreneurs (India), BEENEXT Emerging Asia and Zerodha-backed Rainmatter Capital
- Mumbai-based fintech startup has raised $1 Mn in seed round from Orios Venture Partners
- Mumbai-based document AI startup DocSumo has raised seed funding of $220 K from Better Capital, TechStars, and Barclays
- Mumbai-based Incred Asset Management has acquired Vishuddha Capital. The amount will be used to take this business to new heights
- Noida-based education technology startup ConveGenius Edu Solution has acquired Gray Matters India for an undisclosed amount
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