Ecosystem Weekly | 6th Dec ’20

S&P Global to snap up IHS Markit in biggest M&A of 2020
Data giant S&P Global Inc has agreed to buy IHS Markit Ltd in a deal worth $44 billion that will be 2020′s biggest merger, creating a heavyweight in the increasingly competitive market in financial information.
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Eightfold.ai enters unicorn club; raises $125M in Series D round led by General Catalyst
Talent intelligence platform Eightfold.ai on Monday said it has raised $125 million in its latest funding round. With this, the Noida-based startup is now valued at $1 billion, making it the latest entrant to the startup unicorn club.
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Startup News Snippets

M&A News

Market Pulse

• Pune-based industrial internet of things company Infinite Uptime has raised $5 Mn in funding led by VenturEast
• Seattle-based cloud governance and compliance SaaS startup CoreStack has raised $4 Mn in funding led by Iron Pillar
• Bengaluru-based no-code AI platform Signzy has raised an additional $3 Mn from Vertex Ventures
• Bengaluru and Singapore-based educational technology platform Kyt has raised funding of $3 Mn led by Sequoia Capital India’s Surge
• Mumbai-based Purple Style Labs, which operates several luxury fashion brands has acquired the eponymous label of designer Wendell Rodricks
• California-based smart city-focused firm Quantela has acquired a minority stake in California-based cognitive multimedia analytics firm Graymatics