Ecosystem Weekly | 1st Nov ’20

Aurobindo Pharma to sell US-based nutritional firm Natrol for $550 Mn
Aurobindo Pharma Ltd has agreed to sell its American nutritional supplement making unit Natrol for $550 Mn, six year after buying the company.
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Pidilite to acquire Araldite maker Huntsman’s India unit for $284 mn
Pidilite Industries has agreed to acquire the India unit of US-based Huntsman Group that makes adhesives and sealants under brands such as Araldite and Araseal.
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Startup News Snippets

M&A News

Market Pulse

• Bengaluru-based tech platform delivering digital solutions for blue-collar workforce management throughout the value chain Betterplace has raised $10 Mn in Series B funding led by Jungle Ventures
• Bangaluru-based B2B Retail-tech firm Arzooo has raised $8 Mn in Series A funding led by WRVI Capital
• New Delhi-based agritech supply chain and trade finance firm Origo had raised $5 Mn debt funding from Northern Arc Capital
• San Francisco-based global virtual events platform Hubilo has raised $5 Mn in seed funding led by Lightspeed Venture Partners
• Mumbai-based fintech startup focused on the supply chain finance segment CredAble raised $5 Mn in follow-on funding from its existing investors — Oaks Asset Management and V’Ocean Investment
• Bengaluru-based live online teaching platform Teachmint has raised $4 Mn seed funding led by Lightspeed India