Ecosystem Weekly | 04th Oct ’20

Walmart eyes large stake in Tata’s super app
Walmart Inc., the majority stakeholder in online retailer Flipkart, is looking to take up a large stake in the proposed super app of the Tata group.
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Mubadala picks up 1.4% stake in Reliance Retail for Rs 6,247.5 Cr
Abu Dhabi-based sovereign wealth fund Mubadala Investment will invest Rs 6,247.5 crores for a 1.4 percent stake in Reliance Retail.
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Startup News Snippets

M&A News

Market Pulse

• Bengaluru-based online grocer Bigbasket will raise $400 Mn from Temasek, Tybourne Capital and Generation Investment Management
• Gurugram-based academic group Sunstone Eduversity has raised $3 Mn in Series A funding led by Saama Capital
• Bangalore-based cleantech startup GPS Renewables has raised $3 Mn in Series A funding led by Netherlands-based Hivos-Triodos Fund and Hyderabad-based Caspian
• Ahmedabad-based retail chain Osia Hyper Retail has acquired 51% stake in Ahmedabad-based Infibeam Logistics for $3 Mn
• Japan-based construction equipment manufacturer Kyokuto Kaihatsu Kogyo has acquired Bengaluru-based manufacturer of special-purpose vehicles Satrac Engineering for an undisclosed amount
• Gurugram-based online marketplace for new and used vehicles Droom Technology has acquired Delhi-based augmented reality (AR) startup Visiolab Ideas for an undisclosed amount