Ecosystem Weekly | 30th May ’21
Tata Buys Majority Stake in BigBasket, to Compete Against Amazon, Flipkart
Tata Sons has acquired a majority stake in online grocery seller BigBasket, putting the Indian conglomerate in a direct race with e-commerce players Amazon.com Inc, Walmart’s Flipkart and Reliance Industries.
Zeta raises $250M from Softbank Vision Fund, attains unicorn status
Bengaluru-based banking tech startup, Zeta has become the latest unicorn after raising $250 million in a Series C funding round from Softbank Vision Fund 2 at a valuation of $1.45 billion.
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Startup News Snippets
M&A News
Market Pulse
- Mumbai-based corporate card startup Kodo has raised $9 million in seed funding from Brex, Goat Capital, Pioneer Fund and other HNIs
- Bengaluru-based mobility and smart parking startup Get My Parking has raised $6 million in funding from IvyCap Ventures and IAN Fund
- Bengaluru-based matchmaking startup Betterhalf.ai has raised $3 million in pre-Series A round from S2 Capital, Quiet Capital and other HNIs
- Gurugram-based mobile agritech startup FarMart has raised $2 million in pre-series A funding from Omidyar Network India, Avaana Capital, Indian Angel Network and LetsVenture
- Bengaluru-based edtech startup Tekie has raised $2 million in seed funding from GSV Ventures, Multiply Ventures and Better Capital
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