Ecosystem Weekly | 13th Sept ’20

Silver Lake to pick up 1.75%  stake in Reliance Retail for Rs 7,500 Cr
Private equity company Silver Lake Partners will invest Rs 7,500 crore in Reliance Retail for a 1.75 percent stake.

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Japan’s Orix Corp to invest $980 Mn in Greenko Energy at $5.75 Bn valuation
NYSE-listed Japanese conglomerate Orix Corporation has agreed to invest $980 Mn for a roughly 18-20% stake in Greenko Energy Holdings, its largest overseas investment till date.
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Startup News Snippets

M&A News

Market Pulse

• Delhi-based vernacular gaming platform WinZO has raised $18 Mn in Series B from Makers Fund and Courtside Ventures
• Bengaluru-based fintech startup Avail Finance has raised $11 Mn in Series B from Alpha Wave Incubation
• Bengaluru’s technology-based home interiors service provider HomeLane has raised $8 Mn in a bridge round from Stride Ventures and other existing investors
• Bengaluru-based global recruitment platform for blue/gray collar workforce Apna.co has raised $8 Mn in Series A funding from Lightspeed India and Sequoia Capital India
• Bengaluru-based AI-powered emotional intelligence platform Entropik Tech has raised $8 Mn in Series A funding from Alpha Wave Incubation
• New Delhi-based Oncquest Laboratories has acquired a large diagnostics lab in Gurugram from Strand Life Sciences as part of its plans to expand its operations in India