Ecosystem Weekly | 5th June’22

Ecosystem Ventures This Week

Welcome – Gautam Jain

We welcome Mr. Gautam Jain as Sr. Business Analyst at Ecosystem Ventures. Prior to joining us, he has worked with Knowcraft Analytics as Advanced Analyst, SG Analytics as Associate Analyst and Finmen Advisory as Jr. Analyst.

Gautam has completed his BBA from DAVV University, Indore, and has done certifications in Financial Modelling and Market Risk Management.

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Startup Funding Summary

Mohalla Tech, a Bangalore-based software development platform, has raised $300 Mn in funding from Google, Times Group and Temasek Holdings – Read More

CueMath, a Bangalore-based math learning platform, has raised $57 Mn in funding from Alpha Wave Global, Lightrock India, Sequoia Capital India, CapitalG, Manta Ray and Unitus – Read More

Curefoods, a Bangalore-based cloud kitchen company, has raised $50 Mn in funding from Winter Capital, Three State Capital, Chiratae Ventures and Accel – Read More

SUGAR Cosmetics, a Mumbai-based cosmetics startup, has raised $50 Mn in Series D funding from L Catterton, A91 Partners, Elevation Capital and India Quotient – Read More

Orange Health, a Bangalore-based diagnostics lab service startup, has raised $25 Mn in Series B funding from Bertelsmann India Investments, General Catalyst, Accel, Y Combinator, Good Capital and Uncorrelated Ventures – Read More

M&A Snippets

Kolkata-based diversified entity ITC has acquired minority stake in Gurugram-based Blupin Technologies for $5 Mn – Read More

Bangalore-based blue-collar workforce management platform Betterplace has acquired Gurugram-based blue and grey-collar staffing solution provider OkayGo for an undisclosed amount – Read More

Noida-based integrated grain commerce platform arya.ag has acquired Bangalore-based agriculture data science startup Prakshep for an undisclosed amount – Read More

US-based conversational messaging startup Gupshup has acquired Bangalore-based customer service platform OneDirect for an undisclosed amount – Read More