Ecosystem Weekly | 15th Aug’21

Eruditus turns unicorn with $3.2B valuation after $650M round led by Accel, Softbank
Eruditus, the Mumbai headquartered edtech startup that offers professional education courses through collaboration with leading universities, has entered into the coveted unicorn club with a valuation of $3.2 billion.
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Dailyhunt parent VerSe Innovation raises $450M in Series I round
Bengaluru-based VerSe Innovation, a local language technology platform, has announced that it has raised $450 million in a Series I funding round from global investors Siguler Guff, Baillie Gifford and others.
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Startup News Snippets

M&A News

Market Pulse

• Gurugram-based SaaS-based logistics startup Pickrr has raised $12 million in Series B funding from IIFL, Amicus Capital, Ananta Capital, Omidyar Network India and Guild Capital
• Bengaluru-based battery-tech and deeptech startup Log 9 Materials has raised $9 million in Series A+ funding from ARBL, Exfinity Ventures and Sequoia Capital India
• Chennai-based digital freight management platform Wiz Freight has raised $4 million in Seed funding from Axilor, Arali Ventures, Foundamental, Ramakant Sharma, LivSpace and Daniel Richner
• Bengaluru-based community commerce app Ping has raised $4 million in Seed funding from Elevation Capital
• Delhi-based D2C millennial cigarette brand Hash has raised $4 million in funding from Amrac Investment Trust, Kunal Shah, Jitendra Gupta, Ashneer Grover, Ankur Jain, Anshoo Sharma and Suhail Sameer