Ecosystem Weekly | 29th Nov ’20
Bharti Group co-invests in SpaceX competitor OneWeb’s $1 Bn rescue deal
Satellite operator OneWeb has emerged from Chapter 11 bankruptcy protection with $1 Bn in equity investment from a consortium of the UK Government and India’s Bharti Enterprises, the new owners of the UK-based company.
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CARS24 joins unicorn club after raising $200M in latest round
CARS24 Services, an online marketplace for used cars, became the latest startup to join India’s unicorn club after raising $200 million in its latest series E fundraising round led by Russia-born billionaire Yuri Milner’s DST Global
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Startup News Snippets
M&A News
Market Pulse
- Mumbai-based app-based bus service Cityflo has raised $8 Mn in Series A funding led by Lightbox Ventures
- Gurugram-based digital logistics platform Shipsy has raised $6 Mn in funding co-led by Sequoia Capital India’s Surge and Info Edge
- Bengaluru-based co-living residential startup Olive Residencies has raised $5 Mn in funding led by Embassy Group
- Bengaluru-based employee insurance startup Plum has raised $4 Mn in funding led by Sequoia Capital India’s Surge and Tanglin Venture Partners
- New Delhi-based debt resolution startup Credgenics has raised $4 Mn in pre-Series A funding led by Accel Partners, DMI Alternatives fund and Titan Capital
- Mumbai-based Free and Open Source Enterprise Resource Planning ERP Next has raised $1 Mn in funding led by Rainmatter Capital
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