Ecosystem Weekly | 10th Oct’21

BYJU’S raises $300M at $18B valuation
Bangalore-based Edtech decacorn BYJU’S continues to raise capital and in the latest development, it has raised close to $300 million at a reported valuation of $18 billion.
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CoinSwitch Kuber turns unicorn; raises $260M from a16z, Coinbase Ventures & existing investors
Bangalore-based Indian crypto exchange CoinSwitch Kuber has announced its $260 million Series C round of funding from Andreessen Horowitz, Coinbase Ventures, Paradigm, Ribbit Capital, Sequoia Capital India and Tiger Global.
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Startup News Snippets

M&A News

Market Pulse

• Noida-based rural insurtech startup GramCover has raised $7 million in Series A Funding from Siana Capital, Inflexor Ventures, Stride Ventures, Omidyar Network, Flourish Ventures and Emphasis Ventures
• Hyderabad and San Francisco-based a provider on-demand cloud communication services provider Ozonetel has raised $5 million in Series A Funding from Stakeboat Capital
• Bangalore-based blue-collar workforce management platform Smartstaff has raised $4.3M in Funding from Blume Ventures, Nexus Venture Partners, Arkam Ventures, Gemba Capital and other HNIs
• Bengaluru-based employee benefits and insurtech platform PazCare has raised $3.5 million in seed Funding from BEENEXT, 3one4 Capital, Kunal Shah, Ashneer Grover, Aprameya R, Zishaan Hayath, Ashish Hemrajani and Haresh Chawla
• Gurgaon-based ecommerce enablement startup ANS Commerce has raised $2.2 million in Pre-Series A Funding from Gokul Rajaram, Venture Catalysts, 9Unicorns, Kunal Shah, Kunal Bahl, Rohit Bansal, Umang Kumar, Varsha Rao, Manik Gupta, Shobhit Singhal and Archishman R