Ecosystem Weekly | 13th Dec ’20

Tatas eyeing a majority stake in Bigbasket, line up $1.2 billion investment for e-commerce business
Tata Group is lining up investments of around $1.2 billion in the e-commerce space to strengthen its position in a segment that is expected to grow at a CAGR of over 20% over the next five years.
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FreshToHome attracts additional investment from Abu Dhabi Investment Office (ADIO)
The Bengaluru-based online fresh fish and poultry delivery startup FreshToHome is raising financial and non-financial incentives from the Abu Dhabi Investment Office (ADIO).
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Startup News Snippets

M&A News

Market Pulse

• Kolkata-based conversational AI platform Mihup Communications has raised $2 Mn in Series A round. The funding is led by Accel Partners, Ideaspring Capital, venture capitalists Rajesh Jain and Jayant Kadambi
• Bengaluru-based digital radiology platform 5C Network has raised pre Series A funding of $1 Mn from Unitus Ventures and Axilor Ventures
• Mumbai-based social gaming startup Bombay Play has raised $1 Mn in seed funding led by Lumikai
• Mumbai-based Ethereum Push Notification Service has raised $750 K in seed funding from prolific angel investors and HNIs
• US-based private equity firm TPG will acquire a 7% stake in Mumbai-based online pharmacy Pharmeasy
• California-based customer service platform for the e-commerce industry Richpanel has raised an undisclosed investment from Sequoia Capital India’s Surge