Ecosystem Weekly | 27th Sept ’20

MR Infrastructure to sell stake in Kakinada SEZ for $354 Mn
GMR Infrastructure is selling its entire stake in a company that is building a port-based special economic zone in Andhra Pradesh for  $354 Mn as part of efforts to cut debt.
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HCL Technologies to acquire Australian IT firm DWS
Noida-based software services major HCL Technologies will acquire Australian information technology and business consulting company DWS Ltd for $118.6 Mn in cash.
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Startup News Snippets

M&A News

Market Pulse

• Chennai-based enterprise debt platform Vivriti Capital has raised $14 Mn led by Creation Investments
• Bengaluru-based jewellery startup Melorra has raised $12 Mn from Symphony Asia, Lightbox Ventures, and Alteria Capital
• Mumbai-based after-sales services startup Onsitego has raised $10 Mn in Series B funding from IFC
• Mumbai-based skincare brand mCaffeine has raised $6 Mn in Series B funding from Amicus Capital, RPSG Ventures, and Aman Gupta
• Kerala-based healthtech startup BestDoc has raised $2 Mn in pre-series A funding from Arkam Ventures
• Mumbai-based Reliance Retail will acquire part or all of UK-based retailer Debenhams