Ecosystem Weekly | 11th Oct ’20

ADIA invests Rs 5,512.5 Cr in Reliance Retail for 1.2 pc stake
Reliance Retail Ventures Ltd, run by India’s richest man Mukesh Ambani, raised Rs 5,512.50 crore from Abu Dhabi Investment Authority (ADIA), taking the total to fundraise to Rs 37,710 crore in less than four weeks.
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Infosys to snap up Blue Acorn iCi in fourth takeover of 2020
Infosys Ltd, India’s second-largest software services provider, said Thursday it will acquire US-based digital customer experience company Blue Acorn iCi Group for up to $125 million.
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Startup News Snippets

M&A News

Market Pulse

• Kochi-based startup Livve has raised $2 Mn in seed funding from undisclosed angel investors
• Noida-based agritech startup Unnati has raised $2 Mn in Pre-Series A funding from NABVENTURES and Angel investor Sumeet Seraf
• Chennai-based SaaS startup delivering learning and development solutions using AI Disprz has raised $2 Mn from Auctus Capital
• California-based AI powered data analytics Monet Networks has raised $500K in bridge funding led by SenseAI Ventures
• Gurugram-based legaltech startup MikeLegal has raised undisclosed seed funding from SOSV and Artesian
• Bengaluru-based game-based assessment and recruitment platform for gig workforce PakkaProfile has raised undisclosed seed funding led by Java Capital