Ecosystem Weekly | 14th June’21
NCLT approves Vedanta arm’s bid to acquire bankrupt Videocon Industries
The National Company Law Tribunal (NCLT) on Tuesday approved a bid by businessman Anil Agarwal-backed Twin Star Technologies to acquire the 13 firms of Videocon Industries Ltd for Rs 2,962 crore.
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Tiger Global leads $35 Mn round in GoMechanic
Gurgaon-based multi-brand car workshop and spare parts platform GoMechanic has raised $35 million in its Series C round led by Tiger Global Management.
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Startup News Snippets
M&A News
Market Pulse
- Pune-based green energy technology startup Greenjoules has raised $5 million in Series A funding from Blue Ashva Capital
- Gurugram-based edtech startup Swiflearn has raised $3 million in pre-Series A funding from Stellaris Venture Partners, Venture Highway and other HNIs
- Gurugram-based hygiene and wellness brand Pee Safe has raised $3 million in pre-Series B funding from Alkemi Growth Capital and other HNIs
- Delhi-based D2C home appliance brand Candes has raised $3 million in funding from Anuraag Jaipuria, Ruchirans Jaipuria, Nitin Passi and Dheeraj Jain.
- Bengaluru-based digital healthcare platform MediBuddy has raised $3 million in debt funding from Stride Ventures
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