Ecosystem Weekly | 17th Jan ’21

January 17, 2021
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Unacademy’s lead investors increase stakes, buy additional shares worth $50M
Edtech unicorn Unacademy has announced that it has concluded a new secondary transaction round.
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Digital Insurance becomes First Unicorn of 2021 with $18 Mn fundraise 
Bengaluru-based insurtech startup Digit Insurance has become the first Indian startup to enter the unicorn club in 2021.
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Startup News Snippets

M&A News

Market Pulse

  • Patna-based agritech startup Ergos has raised $3 Mn in funding led by CDC Group, Aavishkaar Capital, and Chiratae Ventures
  • Goa-based spirits company Nao Spirits & Beverages has raised $2 Mn in Series A funding led by existing investors, family offices, and a boutique VC firm
  • Mumbai-based B2B on-demand manufacturing platform Karkhana.io has raised $1.5 Mn in seed funding led by Vertex Ventures Southeast Asia and India
  • Bengaluru-based food delivery startup FreshMenu has raised $478K in Series B1 funding led by Lightspeed India, Zodius Technology fund, and Vistra India
  • Delhi-based global TaaS platform KIWI has raised $250K in seed funding led by PointOne Capital, Core91 VC, AppyHigh, and other angel investors