Ecosystem Weekly | 25th Oct ’20

Flipkart to invest over $200 Mn in Aditya Birla Fashion
Flipkart Group will invest $204 Mn in Aditya Birla Fashion and Retail, as the Walmart Inc.-owned online retailer attempts to strengthen its offline presence.
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Ex-Tesla CIO founded Tekion enters the unicorn club with $150M Series C round
Tekion, an automotive industry-focused technology startup founded by Jay Vijayan, the former CIO of Tesla, has entered the unicorn club with its latest Series C funding round.
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Startup News Snippets

M&A News

Market Pulse

• Bengaluru-based daily fantasy sports and true Esports gaming app GoodGamer has raised $3 Mn in seed funding led by an undisclosed group of investors
• Mumbai-based quiz-based learning startup Genius Teacher has raised $2 Mn in angel funding from Abhijit Bose (WhatsApp CEO, India), Kunal Shah (CEO, CRED), Sandeep Tandon (Co-founder, Freecharge), Dhruv Agarwal (CEO, Proptiger), Justin Sway (CEO, MMOne Online), Dan Lapus (Co-Founder, Cvent), Nimish Kampani (President, Let’s Venture), Gaurav Gupta (ex-VP, Snapdeal), Bikram Bedi (ex-MD AWS India) and Farooq Adam (Co-Founder, Fynd)
• Mumbai-based cosmetics startup SUGAR Cosmetics has raised $2 Mn in Series C funding led by Stride Ventures
• Mumbai-based over-the-top streaming and subscription video-on-demand service ALTBalaji has acquired 18% stake in Mumbai-based celebrity digital engagement platform Tring for $2 Mn
• Bengaluru-based MedTech startup InnAccel Technologies has raised $2 Mn in pre-Series A funding led by Mount Judi Ventures
• Gurugram-based enrolment automation platform NoPaperForms has acquired Mumbai-based schools-focussed admission firm Intelliadmissions for an undisclosed amount