Ecosystem Weekly | 16th May ’21
Falcon Edge arm leads $28 mn round in social commerce platform DealShare
Jaipur based Merabo Labs, which runs social commerce platform DealShare, is set to raise Rs 204.5 crore (approximately $28 million) in a fresh round of funding from returning investors.
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Groww acquires mutual funds business of Indiabulls Housing Finance
Bengaluru headquartered Nextbillion Technology, which owns and operates investment platform Groww, has announced the acquisition of mutual funds business of Indiabulls Housing Finance, comprising Indiabulls Asset Management Company (IAMCL) and Trustee of IAMCL (ITCL).
Startup News Snippets
M&A News
Market Pulse
- Bengaluru-based Deeptech AI startup Myelin Foundry has raised $1 million in pre-Series A funding from Beyond Next Ventures and Endiya Partners
- Pune-based social enterprise startup Haqdarshak Empowerment Solutions has raised $910K in pre-Series A funding from The Deepak Group, Impact India Investment Partners, Beyond Capital Fund, Shalini Chhabra and 3i Partners
- Mumbai-based B2B risk management platform Rubix Data Sciences has raised $850K in seed funding from Cactus Venture Partners and other HNIs
- Bengaluru-based healthtech platform MedTel Healthcare has raised $500K in Pre-Series A funding from undisclosed investors from the US, India, and Australia
- Bengaluru-based AI-enabled wealthtech app Pickright Technologies has raised $200K in funding from JITO Angel Network, Mumbai Angels and other HNIs
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