Ecosystem Weekly | 27th June’21

Temasek, TPG Growth backed PharmEasy to buy listed diagnostics firm Thyrocare
Private equity and venture capital backed PharmEasy has signed a definitive agreement to acquire a majority stake in diagnostics firm Thyrocare Technologies for Rs 4,546 crore ($613 million).
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Piramal Pharma’s contract division completes acquisition of Hemmo
The contract development and manufacturing organisation of Piramal Pharma Ltd on Wednesday said it has completed the acquisition of Hemmo Pharmaceuticals Pvt Ltd.
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Startup News Snippets

M&A News

Market Pulse

• Bangalore-based social community platform Kutumb has raised $26 million in Series A funding from Tiger Global
• Gurgaon-based social commerce startup CityMall has raised $23 million in Series B funding from General Catalyst, Jungle Ventures, investors Accel, Elevation Capital and WaterBridge Ventures
• Delhi-based real estate company MYRE Capital has raised $7 million in funding from undisclosed investors
• Mumbai-based full-stack D2C brand Skillmatics has raised $6 million in Series A funding from Sequoia Capital India, Jalaj Dani Family Office and other HNIs
• Delhi-based healthcare startup Synapsica Healthcare has raised $4 million in Series A funding from IvyCap Ventures, Endiya Partners, Y Combinator and other HNIs