Ecosystem Weekly | 23rd May ’21
Adani Green Energy to acquire SB Energy India from SoftBank, Bharti Group
Adani Green Energy Ltd today said it has struck a deal to fully acquire SB Energy India from SoftBank Group and Bharti Group at an enterprise value of $3.5 billion (Rs 25,538 crore).
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B2B ecommerce startup Moglix joins unicorn club after raising $120M in Series E round
Noida-based Moglix, a B2B industrial goods ecommerce marketplace, on Monday announced that it has raised $120 million in Series E round led by Falcon Edge Capital and Harvard Management Company (HMC).
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Startup News Snippets
M&A News
Market Pulse
- Bengaluru-based global AI-powered mental health platform Wysa has raised $6 million in Series A funding from W Health Ventures
- Delhi-based fashion house High Street Essentials has raised $4 million in funding from Elevation Capital, India Quotient, Dominor Holding, and other HNIs
- Gurugram-based health education startup Virohan has raised $3 million in Series A funding from Rebright Partners
- Bengaluru-based women’s activewear brand BlissClub has raised $2 million in seed funding from Elevation Capital, Neeraj Arora, Kunal Shah, Rahul Mehta, Ashish Goel, Chakradhar Gade and Good Capital
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