Ecosystem Weekly | 11th July’21
Fintech platform Pine Labs announces $600M round led by Fidelity and BlackRock
Fintech unicorn Pine Labs, on Tuesday announced an investment round of $600 million led by Fidelity Management & Research Company and BlackRock Inc.
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MTG acquires India-based PlaySimple; Chiratae, Elevation Capital exit
Sweden-based Modern Times Group ( MTG) said on Friday it has acquired Chiratae Ventures and Elevation Capital-backed Indian word games developer PlaySimple.
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Startup News Snippets
M&A News
Market Pulse
- Delhi-NCR based healthtech platform BeatO has raised $6 million in funding from W Health Ventures, PharmEasy, Merisis VP, Orios VP, Leo Capital and other HNIs
- Bengaluru-based construction management app Powerplay has raised $5 million in funding from Accel Partners, Surge and other HNIs
- Bengaluru-based marketplace for commercial vehicles Vahak has raised $5 million in pre-Series A funding from RTP Global, Luxor Capital, Leo Capital, Kunal Shah, Jitendra Gupta, Vidit Aatrey, Sanjeev Barnwal, Mohd Farid, Amrish Rau, Harsimarbir Singh, Kunal Bahl and Ravish Naresh
- Bengaluru-based drone analytics platform startup Skylark Drones has raised $3 million in pre-series A funding from InfoEdge Ventures, IAN Fund, AdvantEdge Founders, Fowler Westrup, Redstart Labs, IKP and Vimson Group
- Bengaluru-based rewards-based payment network TWID has raised $3 million in funding from BEENEXT, Surge, Kunal Shah, Rajul Garg and YourNest India
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