Ecosystem Weekly | 8th May’22
Ecosystem Ventures This Week
Live Deal
Investment opportunity in India’s First Hybrid 2 Wheeler EV is now live. The startup is revolutionizing the EV space which is currently struggling with range issues, charging infra and power reliability, repair and servicing, brand trust and resale value.
You can read more about the deal here
Welcome – Ravi Ajmera
We’re elated to announce that Ravi Ajmera, IIT Delhi and Weatherhead School of Management Cleveland, USA, has joined Ecosystem Ventures as a partner.
Ravi has 20+ years of experience in Financial Services and Analytics. He has held leadership positions for startup and midsize companies like Capital One, Deusche Bank, Nomura Securities and Greendust to name a few. He has also led funding rounds for several startups including Greedust and ESDS.
We’re very excited to start our journey with him!.
You can read more about him here | Linkedin
Startup Funding Summary
Redcliffe Lifetech, a New Delhi-based diagnostics platform, has raised $61 Mn in funding from LeapFrog Investments, Healthquad, Schroders, LC Nueva, Growth Spark Ventures, Chiratae Ventures and Alkemi Venture –Read More
Open, a Bengaluru based fintech startup, has raised $50 Mn in Series D funding from IIFL, Temasek Holdings, Tiger Global Management, 3one4 Capital – Read More
Toothsi, a Mumbai-based clear aligner brand, has raised $40 Mn in Series C funding from Eight Roads Ventures, Paramark, IIFL, Prashant Singh, Tushar Kumar, Mankekar family, Aditya Puri and Karan Singh – Read More
GenWorks, a Bengaluru-based health tech startup, has raised $18Mn in funding from Somerset Indus Capital Partners, Morgan Stanley, Evolvence and Wipro GE – Read More
Toplyne, a San Francisco and Bengaluru-based SaaS platform, has raised $15 million in Series A funding from Tiger Global Management, Sequoia Capital India, Together Fund and Sequoia India’s Surge and other HNIs – Read More
M&A Snippets
Ahmedabad-based pharmaceutical company Eris Lifesciences will acquire Mumbai-based pharmaceutical company Oaknet Healthcare – Read More
Bengaluru-based digital lock startup Openapp has acquired Kochi-based IT firm SectorQube – Read More
Bengaluru-based Spacetech startup SatSure Analytics has acquired Indore-Based farm management platform CropTrails – Read More
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