Ecosystem Weekly | 3rd Oct Sep’21

Meesho raises $570M from Fidelity and B Capital at $4.9B valuation
Bangalore-based Social commerce platform Meesho has raised $570 million at a valuation of $4.9 billion. The round was led by Fidelity Management and Research Company and B Capital Group. The round also saw participation from existing investors Prosus Ventures, SoftBank Vision Fund 2, and Facebook. Other new investors include Footpath Ventures, Trifecta Capital, Good Capital and others.
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Ola Electric raises over $200M at $3B valuation
Bangalore-based Ola’s electric vehicle (EV) division, Ola Electric, raised over $200 million led by Falcon Edge, Softbank and others
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Startup News Snippets

M&A News

Market Pulse

• Pune-based health insurance distribution startup Loop Health has raised $12 million in Series A Funding from Elevation Capital, General Catalyst, Vonid Khosla, YC Continuity Fund, Tribe Capital, Amit Kumar Agarwal, Ramakant Sharma, Vidit Aatrey, Sanjeev Barnwal and Eren Bali
• Gurgaon-based hyperlocal and EV-based last-mile delivery startup Zypp Electric has raised $7 million in Series A Funding from 9Unicorns, Anthill Ventures, Nanavati Family Office, We Founder Circle, Riso Capital Fund, Dholakia Ventures, Venture Catalysts, IAN FundTarun Saraf, Rahul Khera, Arjun Seth and Mark Joseph
• Bangalore-based blockchain monitoring and investigative platform Merkle Science has raised $6 million in Series A Funding from Darrow Holdings, Kraken Ventures, Bain-backed Uncorrelated Ventures, Fenbushi Capital, Token Bay Capital, Kenetic and Lunex Ventures
• Mumbai-based agri-commerce startup SuperZop has raised $4 million in Series A Funding from Incofin’s India Progress Fund
• Bangalore-based deeptech startup Astrome has raised $3 million in Bridge Funding from IAN Fund, Urania Ventures and Lakshmi Narayanan