Ecosystem Weekly | 23rd Feb '20
JSW Energy to acquire 100% stake in GMR Kamalanga Energy
Sajjan Jindal-owned JSW Energy has acquired Odisha-based subsidiary GMR Kamalanga Energy for $745 Mn.
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Swiggy Raises $113 Mn Series I funding from Prosus
Food delivery giant Swiggy has raised $113 Mn Series I funding from Prosus N.V, Meituan Dianping and Wellington Management Company.
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Startup News Snippets
M&A News
Market Pulse
- Early-stage venture capital firm Blume Ventures has finally closed its Fund III at $102 Mn. The fund has been raised from anchor investors in India, US, Japan and Asia
- US-based investment firm Falcon Edge Capital has set up a new venture capital fund of $300 Mn for India. The fund is backed by UAE based Limited partners
- Mumbai based JioSaavn has received a $20 Mn infusion from parent entity Reliance Industries. Reliance has picked up 10 K equity shares in the company
- Gurugram-based prop-tech startup Zvesta has raised $6 Mn from media company Hindustan Media Ventures. The company will now focus on brand building
- B2B e-commerce platform for Kirana stores, MaxWholesale has raised $3 Mn in Series A funding from Indian Angel Network Fund I and Abu Dhabi-based Al Falaj Investment Company
- Video editing and content creation software maker Invideo has raised $3 Mn from Sequoia Capital India’s early-stage accelerator programme surge
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