Ecosystem Weekly | 3rd Apr’22

Ecosystem Ventures this Week

It’s a delight to share that one of our portfolio companies, Saarthi Pedagogy (an edtech platform) has raised ₹16 Cr (~$2.1 Mn) in Pre-Series A funding. Saarthi Pedagogy is one of the very few companies where we have shown interest in the early stage itself. Co-founder Sushil’s ability to manage things is commendable which has resulted in more than 4.5x growth in just 9 months.

We’re also excited to share that our team has grown this week:

– Mr. Paresh Y Murudkar joins as Assistant Vice President
– Mr. Kinjalk Pancholi joins as an Associate
– Samyak Jain, Karnika Patidar, Himanshi Jain and Saksham bhatt joins as Management Trainees

We welcome them to the Ecosystem Ventures family and wish them a bright future ahead.

Startup News Snippets

NBFC firm Kogta Financial raises $111M in Series D round
Jaipur-based Non-banking lender Kogta Financial (India) Ltd said it has raised $111 million (Rs 846 crore) in a Series D round of funding led by Mumbai-based private equity firm Multiples.
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“Games24x7 raises $75M led by Malabar Investment at $2.5B valuation, becomes unicorn ”
Games 24×7 says the funding makes it India’s most valuable multi-game platform, at a valuation of $2.5 billion, which also marks its entry into the unicorn club.
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M&A News

Market Pulse

• Mumbai-based healthtech firm qure.ai has raised $40 million in funding from Novo Holdings, HealthQuad and MassMutual Ventures
• Chennai-based logistics tech startup Wiz has raised $36 million in Series A funding from Tiger Global Management, Axilor Ventures, Foundamental, Arali Ventures, Stride Ventures and Alteria Capital
• Gurugram-based agritech startup FarMart has raised $32 million in Series B funding from General Catalyst, Matrix Partners India and Omidyar Network India
• Bengaluru based spacetech startup Pixxel has raised $25 million in Series A funding from Radical Ventures, Jordan Noone, Seraphim Space Investment, Lightspeed Partners, Blume Ventures, Sparta LLC and Inventus Capital India
• Bengaluru-based global payment issuance infrastructure platform CARD91 has raised $13 M in pre-Series A funding from Infinity Ventures, Point72 Ventures, Sabre Partners, Emphasis Ventures, Commerce Ventures and other HNIs