Ecosystem Weekly | 17th Oct’21

CarDekho raises $250M in pre-IPO round, reaches unicorn status with $1.2B valuation
Jaipur-headquartered automobile classifieds platform CarDekho on Wednesday announced that it has raised $250 million round of funding, including $200 million Series E equity and $50 million debt in its pre-IPO round.
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SME-focused neobank startup Open raises Rs 735 Cr from Temasek, Google, SBI Investment
Bangalore-based SME-focused neobanking platform Open on Tuesday raised Rs 735 crore ($100 million) as part of its Series C round led by Temasek. It also saw participation from Google, venture capital firm SBI Investment, and existing investors Tiger Global and 3one4 Capital.
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Startup News Snippets

M&A News

Market Pulse

• Bangalore-based HR tech startup FloCareer has raised $6 million in Series A Funding from Data Point Capital, Uncorrelated Ventures and Orios Venture Partners
• Bangalore-based Fintech startup Niro has raised $4 million in Seed Funding from Elevar Equity, Kunal Shah, Bala Parthasarthy, Nitin Gupta and the Patni Family office
• Mumbai-based Edtech startup Creative Galileo has raised $3 million in Funding from Kalaari Capital Partners, Harish Bahl, Shashin Shah, Jinesh Patel, Atul Nishar, Ashwin Puri and Giridhar Malpani
• Bangalore-based blockchain company Arcana Network has raised $2 million in Funding from Woodstock Fund, Digital Currency Group, Hyperedge, shl.vc, Fenbushi Capital, LD Capital, Paradigm Shift VC, Ganesh Swami, Ajeet Khurana, Builders Tribe, Nishal Shetty, Ajit Tripathi, AU21 and Arcanum Capital
• Bangalore-based S&D enablement platform AnKa SumMor has raised $2 million in pre-Series A Funding from Inflection Point Ventures, Pratul Shroff, Brijesh Agrawal, IndiaMart and other HNIs