Ecosystem Weekly | 24th Oct’21

Kunal Shah’s CRED raises $251M at $4B valuation
CRED, a fintech unicorn founded by Kunal Shah, has raised $251 million in a Series E round of funding at a valuation of $4.01 billion. The round, which was co-led by existing backers Tiger Global & Falcon Edge, saw new investors – Marshall Wace & Steadfast – bet on the startup.
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Duroflex raises $60M from Norwest Venture Partners
Bengaluru-based sleep solutions company Duroflex has raised $60 million from Norwest Venture Partners for its house of brands – Duroflex and Sleepyhead.
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Startup News Snippets

M&A News

Market Pulse

• Gurugram-based edtech startup Questt has raised $7 million in Series A Funding from Celesta Capital, Premji Invest, AET Fund, Titan Capital, First Cheque, MarsShot Ventures and Chiratae Ventures
• Mumbai-based intra-day options only trading app MarketWolf has raised $6 million in Seed Funding from Anil Thadani, Ashutosh Sinha, Roy Van Leeuwen, Tomas Urbanec, Anuj Srivastava and Ramakant Sharma
• Noida-based edtech startup ConveGeniuson has raised $5 million in Pre-Seed Funding from BAce Capital, Heritas Capital, 3Lines Venture Capital, Michael and Susan Dell Foundation
• Ghaziabad-based optical retail chain platform ClearDekho has raised $4 million in Pre-Series A Funding from Aroa Ventures, CK Jaipuria Family Office, NB Ventures, Anuj Sheth, Kitty Agarwal, Anand Chandrasekaran, Nandi Vardhan Mehta, Magnus KJoller Holdings, Mandar Joshi, Venture Catalysts, SOSV MOX, Gemba Capital and others
• Gurugram-based SaaS exporters platform Sourcewiz has raised $3 million in Seed Funding from Blume Ventures, Alpha Wave Incubation, DisruptAD, Ravi Bhargava, Arvind Limited, Rakshita Agrawal, Wayfair, Dhruvil Sanghvi, LogiNext and Ashish Tulsian