Ecosystem Weekly | 9th Aug ’20

DST Global to pump money in Byju’s

DST Global, the investment firm headed by Russian-Israeli billionaire Yuri Milner, may invest up to $400 million (Rs 3,005 crore) in Indian ed-tech unicorn Byju’s at a valuation of about $10.5 billion
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Byju’s has acquired edtech startup WhiteHat Jr. for $300 million
Byju’s has acquired edtech startup WhiteHat Jr. for $300 million as the Indian online learning giant looks to expand its dominant reach in the country
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M&A News

Market Pulse

• Bengaluru-based Wow Skin Science will raise $55 Mn from PE Everstone Group
• San Francisco-based Edtech startup Springboard has raised $31 Mn in Series B funding led by Telstra Venture
• Kolkata-based tech startup Data Sutram has raised $266 K from Indian Angel Network angels Uday Sodhi, Mitesh Shah, and Nitin Jain
• Delhi-based health and wellness brand Fitspire has raised $200 K in a pre-seed round led by Nikhil Parmar, Priyanka Madnani and Sukhbir Singh
• Bengaluru-based Myntra has acquired Deepika Padukone’s stake from the All About You brand
• US based-Microsoft will acquire TikTok in North America, Australia, and New Zealand