Ecosystem Weekly | 22nd Aug’21
Polygon buys Hermez for first-of-its-kind blockchain network merger
Mark Cuban-backed blockchain scalability platform Polygon Technology has announced the acquisition of Hermez, a zero-knowledge (ZK) cryptography-based scaling project, for $250 million.
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Postman closes $225 million Series D round at $5.6 billion valuation
Postman , the San-Francisco and Bengaluru-based API platform startup, today announced that it has secured $225 million in a Series D round, placing its valuation at $5.6 billion.
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Startup News Snippets
M&A News
Market Pulse
- Delhi-based fintech startup BharatPe has raised $27 million in debt funding from IIFL Wealth and Asset Management and Northern Arc Capital
- Chandigarh-based agritech startup AgNext Technologies has raised $21 million in Series A funding from Alpha Wave Incubation, Omnivore and Kalaari Capital
- Bengaluru-based financing platform Klub has raised $20 million in seed funding from 9Unicorns, Surge, Alter Global and GMO Venture Partners
- Delhi-based NBFC SATYA MicroCapital has raised $18 million in funding from responsAbility Investments and BlueOrchard Finance Limited
- Bengaluru-based healthtech Ultrahuman has raised $18 million in Series B funding from Alpha Wave Incubation, Scott Schleifer, Sandeep Singhal, Kunal Shah, Sujeet Kumar, Deepinder Goyal, Gunjan Patidar, Gaurav Munjal, Revant Bhate, Mohit Gupta, Vikram Dhingra and Roman Saini
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