Ecosystem Weekly | 18th Oct ’20

Wipro to acquire American engineering services firm Eximius for $80 mn
Wipro Ltd, India’s third-largest software services exporter, has agreed to acquire California-headquartered Eximius Design for $80 million (Rs 585-590 as per current exchange rates) in an all-cash deal.
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Zomato raises $52M from US-based Kora Investments, to raise more before IPO
Gurugram-based foodtech unicorn Zomato has received a fresh tranche of $52 million in its ongoing Series J round from US-based Kora Investments.
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Startup News Snippets

M&A News

Market Pulse

• Bengaluru-based online fitness startup TREAD has raised $1 Mn in Pre-Seed funding from Unacademy founders Gaurav Munjal, Roman Saini, and Hemesh Singh; Udaan Co-founder Sujeet Kumar; CRED Founder Kunal Shah; Citruspay Founder Amrish Rau; MPL founders Sai Srinivas and Shubh Malhotra; Jupiter Founder Jitendra Gupta; and RedBus founder Phanindra Sama
• Bengaluru-based premium tea brand TeaMonk has raised $885K in Pre-Series A funding led by Inflection Point Ventures, Sarcha Ventures and Lead Angels
• Pune-based contract digitisation startup Renewate Infrastructure has raised $272K in pre-seed funding from Better Capital
• Bengaluru-based foodtech startup Anveshan has raised $153K in pre-seed funding funding led by Titan Capital
• Bengaluru-based fruits and vegetables brand Gourmet Garden has raised an undisclosed amount in pre-series A funding from Incubate Fund India and Whiteboard Capital
• Chennai-based AI video analytics startup Tango Eye has raised an undisclosed amount in seed funding from Lenskart