Ecosystem Weekly | 31st Jan ’21

Aditya Birla Fashion Buys 51% stake in Sabyasachi Couture for Rs 398 crore
Aditya Birla Fashion & Retail (ABFRL) has acquired controlling stake (51%) in fashion designer Sabyasachi Mukherjee’s Sabyasachi Couture for Rs 398 crore in an all-cash deal.
Makers Hive raises $9M from Starfish Growth Partners, Investpad
Makers Hive, a Hyderabad-based startup that has developed and built a bionic arm, has raised $9 million from Starfish Growth Partners and Investpad.

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Startup News Snippets

M&A News

Market Pulse

  • Delhi-based fintech platform for gold loans Ruptok Fintech has raised $1.4 Mn in angel funding from Wurk
  • Delhi-based children-focused fintech startup Junio has raised $1 million in angel funding from Kunal Shah, Ashneer Grover, Yashish Dahiya, Pravin Jadhav, Deepak Abbot and Amit Lakhotia
  • Delhi-based AI-powered tech startup that builds products for the education sector SeeVC has raised $100K in seed funding from Jimmy Singh
  • Mumbai-based vegan lifestyle brand Zouk has raised an undisclosed seed funding from Titan Capital