Ecosystem Weekly | 15th Nov ’20

Grasim to sell fertiliser business to Indorama for $355 mn
Grasim Industries Ltd has agreed to sell its fertiliser business to Singapore’s Indorama Corporation Pte. for Rs 2,649 Crore (about $355 million) in cash.
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Biocon Biologics gets Rs 1,125 Cr capital infusion from Goldman Sachs
Biocon has announced that its subsidiary Biocon Biologics has approved a Rs 1,125 crore investment from Goldman Sachs.
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Startup News Snippets

M&A News

Market Pulse

• Bengaluru-based learning and community platform FrontRow has raised seed funding of $3 Mn led by Lightspeed and Elevation Capital
• Gurugram-based social commerce platform Citymall has raised $3 Mn in seed funding led by Elevation Capital
• Bengaluru-based school communication platform Uolo Technologies has raised $3 Mn in Pre-Series A funding led by Omidyar Network India and Blume Ventures
• Singapore-based B2B sales productivity startup Nektar.ai has raised seed funding of $2 Mn led by Nexus Venture Partners
• Kolkata-based healthtech startup iKure has raised an undisclosed amount of funding from Ratan Tata
• Pune-based omnichannel electronics retail platform Gabbardeals has acquired Pune-based SaaS firm InstaOne Software for an undisclosed amount