Ecosystem Weekly | 25th April ’21
Fintech unicorn Razorpay raises $160M at $3B valuation
Fintech major Razorpay said it has raised $160 million at a valuation of $3 billion in Series E funding. The round was led by existing investors GIC, Singapore’s sovereign wealth fund, and Sequoia India, along with participation from Ribbit Capital and Matrix Partners. Read More
Druva raises $147M at $2B valuation from CDPQ, Neuberger Berman, others
Druva, the US and India-based SaaS unicorn, has raised $147 million in funding at a valuation of more than $2 billion. This round was led by Caisse de dépôt et placement du Québec (CDPQ) and Neuberger Berman.
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StartUp Funding Summary
M&A News Snippets
Market Pulse
- New Delhi-based feminine hygiene products manufacturer Sirona Hygiene has raised $3 million in Series A funding from NB Ventures and IAN Fund
- Hyderabad-based rooftop solar startup Freyr Energy has raised $2 million in equity funding from Total Carbon Neutrality Ventures, Schneider Electric Energy Access Asia and C4D Partners
- New Delhi-based Dating app TrulyMadly has raised $2 million in pre-Series A funding from Venture Catalysts, 9 Unicorns, Jana K Balan, Neil Bahal, Ruchi Sihare, Inflection Point Ventures, The Chennai Angels, AngelList, Vijay Shekhar Sharma, Abhay Singhal, Piyush Shah, Akshat Rathee and Arjun Vaidya
- Ahemdabad-based defense technology startup Optimized Electrotech has raised $2 million in funding from Venture Catalysts, GVFL and other HNIs
- Mumbai-based online B2B grocery ecommerce platform Taikee has raised $2 million from SME lending platforms, NBFCs and other HNIs
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