Ecosystem Weekly | 21st Feb ’21
Tata Group plans to acquire 68% stake in BigBasket for Rs 9,500 croreIn yet another blow to China, the Tata Group is plannuing to acquire 68 per cent stake in online grocery platform BigBasket.
Fintech lending startup KreditBee raised $75 Million in Series C funding roundFintech lending startup KreditBee said it has raised $75 million in a Series C funding round from investors such as Premji Invest, Mirae Asset, Alpine Capital, and Arkam Ventures.
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
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