Ecosystem Weekly | 7th Mar ’21

Chennai-based digital debt platform Northern Arc on Tuesday announced it has received $50 million in debt financing from US International Development Finance Corporation (DFC).
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Open-source distributed SQL database Yugabyte announced a $48 million funding round, led by Lightspeed Venture Partners with participation from Greenspring Associates, Dell Technologies Capital, Wipro Ventures, and 8VC.
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Startup News Snippets

M&A News

Market Pulse

• Sales engagement platform Outplay has raised $2 million in funding from Sequoia Capital India’s Surge
• Indian mid-core sports studio All-Star Games has raised $1.5 million in pre-series A round from gaming-focused venture fund Lumikai along with Play Ventures
• Pune-headquartered ed-tech startup ImaginXP has raised $1.5 million from Venture Catalysts, along with co-investors Shashank Deshpande, Krish Kupathil, Samyakth Capital, and others
• IIT Madras-incubated startup Ubifly Technologies has raised $1 million in a seed funding round from Naval Ravikant, Java Capital, FirstCheque.VC, and IIM Ahmedabad’s CIIE.CO
• Mumbai-based drone startup ideaForge has raised $1 Mn from BlackSoil. This announcement comes in right after IT services major Infosys announced its investment of $1 million in the company