Ecosystem Weekly | 13th Mar’22

BYJU’s valuation jumps to $22B; Founder Raveendran leads $800M round
The fresh funding round, which saw participation from Sumeru Ventures, Vitruvian Partners, and BlackRock, has valued edtech major BYJU’s at an estimated $22 billion.
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Fintech startup CredAvenue enters unicorn club with $137M funding
Fintech startup CredAveneu’s valuation jumped nearly 3X after the Series B round of funding, which was led by Insight Partners, B Capital, and Dragoneer.
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Startup News Snippets

M&A News

Market Pulse

• Mumbai-based audio content platform Kuku FM has raised $20 million in Series B funding led from Krafton, 3one4 Capital, Vertex Ventures, India Quotient, Founder Bank Capital and Verlinvest
• Chennai-based neobanking solution provider CredoPay has raised $5 million in Pre-Series A funding from EzSwype LLC and Zent International Limited
• Bengaluru-based AI-driven personal care brand CureSkin has raised $5 million in Series A from JSW Ventures, Sharrp Ventures, SenseAI and other HNIs
• Ahmedabad-based esports gaming platform Gamerji has raised $1 million in Pre-Series A funding from Unicorn India Ventures, Stadia Ventures, Urmin Group family office and other HNIs
• New Delhi-based B2B logistics tech platform Oorjaa has raised $1 million in Funding from Inflection Point Ventures and other HNIs