Ecosystem Weekly | 30th Aug ’20
PAG to acquire 51% in wealth management, investment banking biz of Edelweiss for Rs 2,244 cr
PAG has agreed to buy a controlling stake in the wealth management and capital markets business of Edelweiss Financial Services that also includes investment banking, its first large deal in the country after setting up a local base in 2019.
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BYJU’S raises Rs 908.9 Cr from DST Global
Edtech startup BYJU’S is raising about Rs 909 crore in funding from billionaire Yuri Milner-led DST Global, according to regulatory documents.
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Startup News Snippets
M&A News
Market Pulse
- Mumbai-based credit platform Blacksoil Capital has raised $3 Mn from 60+ investors through a private placement of Non-convertible Debentures
- Gurugram-based health education startup Virohan has raised $3 Mn in Seed and Series A funding from Keiretsu Forum, Elea Foundation for Ethics in Globalisation and the Singh Family Trusts
- Delhi-based Baazi Games has raised $2 Mn in seed round funding from Udtara Ventures for its RummyBaazi platform and Baazi Games will infuse another $1 Mn to expand its Rummy platform in India
- Chennai-based EV battery startup Grinntech has raised $2 Mn from a set of HNIs and senior people from the automotive industry
- Gurugram-based social commerce platform OneCode has raised an undisclosed amount from WaterBridge Ventures
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