Ecosystem Weekly | 05th Sep’21

PayU to acquire payment giant BillDesk for $4.7 billion
Prosus NV, the Dutch unit of Naspers Ltd, has acquired Indian payment services provider BillDesk for $4.7 billion in cash in its largest acquisition.
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Voice AI startup Skit raises $23M in Series B round from WestBridge Capital
AI-first SaaS voice automation startup Skit (formerly known as vernacular.ai) has secured $23 million as part of its Series B funding to fuel the next level of growth and product evolution.
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Startup News Snippets

M&A News

Market Pulse

• Bengaluru-based saving and investment app Jar has raised $5 million in Pre-Series A funding from Tribe Capital, Arkam Ventures, WEH Ventures, Kunal Shah, Shaan Puri, Manik Gupta and Ali Moiz
• Bengaluru-based EV startup REVOS has raised $4 million in Series A funding from Union Square Ventures and Prime Venture Partners
• Bengaluru-based supply chain and distribution network company RubanBridge has raised $3 million in from C4D Partners, KAAJ Ventures, Prashanth Prakash, Puneet Jetli, Aradhana D Chatterjee and Prashanth Boccasam
• Bengaluru-based B2B SaaS startup Factors.AI has raised $2 million in seed funding from Elevation Partners, Emergent Ventures, Naveen Tiwari, Abhay Singhal, Piyush Shah, Mohit Saxena, Amit Gupta, Girish Mathrubootham, Krish Subramanian, Rajaraman Santhanam and Ramakant Sharma
• Bengaluru-based edtech startup Codingal Education has raised $1 million in Seed funding from Y Combinator, Summer Capital, Day One Syndicate, Rebright Partners, Nate Lipscomb, Ganesh Rengaswamy, Peter Weck, Ashish Toshniwal, Viral Bajaria, Shashank Kumar, Karthik Ramakrishnan and Hiro Mizushima