Ecosystem Weekly | 20th Sept ’20

Dream11 parent raises $225 Mn from Tiger Global, TPG, ChrysCapital, others
Dream11’s parent company Dream Sports on Monday announced it raised $225 Mn in a primary and secondary investment, led by Tiger Global Management, TPG Tech Adjacencies (TTAD), ChrysCapital, and Footpath Ventures.
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EverSource Capital plans to buyout Azure Power’ entire solar rooftop portfolio for around $112 Mn
In what may rank among the largest solar rooftop deals in India, EverSource Capital plans to buy out the entire 167 MW solar rooftop portfolio of NYSE-listed Azure Power Global for around $112 Mn.
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Startup News Snippets

M&A News

Market Pulse

• Delhi-based vernacular gaming platform WinZO has raised $18 Mn in Series B from Makers Fund and Courtside Ventures
• Bengaluru-based fintech startup Avail Finance has raised $11 Mn in Series B from Alpha Wave Incubation
• Bengaluru’s technology-based home interiors service provider HomeLane has raised $8 Mn in a bridge round from Stride Ventures and other existing investors
• Bengaluru-based global recruitment platform for blue/gray collar workforce Apna.co has raised $8 Mn in Series A funding from Lightspeed India and Sequoia Capital India
• Bengaluru-based AI-powered emotional intelligence platform Entropik Tech has raised $8 Mn in Series A funding from Alpha Wave Incubation
• New Delhi-based Oncquest Laboratories has acquired a large diagnostics lab in Gurugram from Strand Life Sciences as part of its plans to expand its operations in India