Ecosystem Weekly | 25th July’21
Byju’s acquires US-based reading platform Epic for $500 mn
BYJU’s has acquired Epic, a Redwood City, California based digital reading platform for children for $500 million (Rs 3,730 crore per current exchange rates).
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Lenskart raises $220M led by Temasek and Falcon Edge
Lenskart, the omni-channel D2C eyewear brand and a unicorn startup, has raised $220 million led by Temasek, the sovereign wealth fund of Singapore, and Falcon Edge Capital.
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Startup News Snippets
M&A News
Market Pulse
- Bengaluru-based agritech startup Vegrow has raised $13 million in funding from Lightspeed Venture Partners and Elevation Capital
- Bengaluru-based B2B tech marketplace for seafood Captain Fresh has raised $12 million in Series A funding from Accel Partners, Matrix Partners India, Ankur Capital, Incubate Fund, Jitendra Gupta, Asish Mohapatra, Ruchi Kalra, Souvik Sengupta, Rajesh Yabaji, Revant Bhate, Ramakanth Sharma and Amrish Rau
- Bengaluru-based fintech platform SmartCoin Financials has raised $11 million in debt funding from Northern Arc, Vivriti Capital, MAS, India SME and other HNIs
- Gurugram-based agritech startup Otipy has raised $10 million in Series A funding from SIG, Omidyar Network India, Innoven Capital, IPV, Pravega and FactorE
- Gurugram-based online D2C personal care brand Bella Vita Organic has raised $10 million in funding from Ananta Capital
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