Stay Updated: This Week’s Top News Stories Inside

Stay updated with our weekly round up of funding and M&A news, bringing you the latest from the startup ecosystem.


Startup Funding Summary


Garuda Aerospace

Chennai-based drone startup, has raised $12 Mn in Series B funding from Venture Catalysts

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OfBusiness

Gurugram-based B2B commerce platform, has raised $12 Mn in a funding from Cornerstone Ventures

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Optimized Electrotech

Ahmedabad-based deep-tech startup, has raised $6 Mn in Series A funding from Blume Ventures, Mela Ventures, 9Unicorns, Rajiv Dadlani Group and Venture Catalysts

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Magma

Ahmedabad-based B2B industrial solutions provider, has raised $5 Mn in Series A funding from Capria Ventures, General Catalyst, Accion Venture Lab, WEH Ventures and Avinya Ventures

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Peppermint Robotics

Pune-based robot-tech startup, has raised $4 Mn in Series A funding from JDSS, Enrsion INDIA CAPITAL, IAN, Vinners and other HNIs

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M&A Snippets


Australia-based financial services firm Findi has acquired Noida-based fintech firm BANKIT Services for $19 Mn

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US-based ad-tech firm CleverTap has acquired Bengaluru-based enterprise tech startup rehook.ai for an undisclosed amount

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