Ecosystem Weekly | 3rd Jan ’21

Aye Finance Bags $10 Mn In Debt From Catalyst Trusteeship
Gurugram-based financial services startup Aye Finance has raised INR 77 Cr ($10 Mn) in debt from Pune based Catalyst Trusteeship Limited through its AAV Sarl and Masala Investment Sarl.
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DLF’s rental arm to buy out Hines from One Horizon Centre
DLF Cyber City Developers Limited, the rental arm of real estate developer DLF Group, has entered into an agreement to buy out US development and investment firm Hines’ stake in One Horizon Center, the company said in a statement on Friday.
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Startup News Snippets

M&A News

Market Pulse

• New Delhi-based escrow-as-a-service platform NCOME has raised pre-seed funding of $486K from Venture Catalysts and PointOne Capital.
• Chennai-based Agritech startup Aqgromalin has raised $270 k from Middle East-based angel investors.
• Bengaluru-based edtech startup Vedarsy Technologies has raised $135K in pre-seed round funding from GSF Accelerator and Shashank Kumar.
• Bengaluru based agri-tech startup Qzense Labs has raised $613K in seed capital funding from incubator and accelerator Venture Catalysts.
• Pune-based menstrual hygiene management startup PadCare Labs has raised an undisclosed amount in pre-seed funding round from Pune based technology startup incubator Venture Center under BIRAC’s LEAP Fund.