Ecosystem Weekly | 10th Jan ’21

Udaan raises $280M from existing and new investors
B2B unicorn Udaan has raised $280 million in additional financing from its existing and new investors.
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Made in India brand boAt raises $100M from Warburg Pincus, plans to expand its product line
boAt, founded in 2016 by Aman Gupta and Sameer Mehta, has secured $100 million in PE funding from Warburg Pincus
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Startup News Snippets

M&A News

Market Pulse

• Kolkata-based conversational AI platform Mihup Communications has raised $2 Mn in Series A round. The funding is led by Accel Partners, Ideaspring Capital, venture capitalists Rajesh Jain and Jayant Kadambi
• Bengaluru-based digital radiology platform 5C Network has raised pre Series A funding of $1 Mn from Unitus Ventures and Axilor Ventures
• Mumbai-based social gaming startup Bombay Play has raised $1 Mn in seed funding led by Lumikai
• Mumbai-based Ethereum Push Notification Service has raised $750 K in seed funding from prolific angel investors and HNIs
• US-based private equity firm TPG will acquire a 7% stake in Mumbai-based online pharmacy Pharmeasy
• California-based customer service platform for the e-commerce industry Richpanel has raised an undisclosed investment from Sequoia Capital India’s Surge