Ecosystem Weekly | 14th Nov’21

Zoomcar raises $92M from SternAegis Ventures, others
Car-sharing marketplace Zoomcar on Monday said it had completed a $92 million private placement led by New York City-based SternAegis Ventures with participation from international family offices and institutional investors.
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Trade finance startup Vayana Network raises Rs 283 Cr in Series C funding
Trade finance platform Vayana Network said it has raised Rs 283 crore in a Series C funding round led by Chiratae Ventures, CDC Group, Jungle Ventures, March Capital, Marshall Wace, and some family offices in India and abroad.
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Startup News Snippets

M&A News

Market Pulse

• Delhi-based EV battery swapping network Battery Smart has raised $7 million in Pre-Series A funding led by Blume Ventures, Orios Ventures, Green Frontier Capital, Baring Private Equity India, Srinivas Anumolu, K Ganesh, Niraj Singh and Amit Bhasin
• Gurugram-based HR Tech startup Advantage Club has raised $5 million in Pre-Series A funding from Y Combinator, Jetty Ventures, Earlsfield Capital, SMC Advisors, Kunal Shah and other HNIs
• Bengaluru-based NFT startup Lysto raised $3 million in Seed funding from BEENEXT, Better Capital, Cloud Capital, Binny Bansal, Sandeep Nailwal, Jaynti Kanani, Pradyumna Agarwal, Nitish Mittersain, Kunal Shah, Ashish Hemrajani, Parikshit Dhar, Anupam Mittal, Ashish Gupta and Kumar Sudarsa
• Bengaluru-based EV charging platform ElectricPe has raised $3 million in Seed funding from Blume Ventures, Micelio Fund, Anshuman Bapna, Anupam Mittal, Arjun Ravi Sheth, Ashish Goel, Bhuvan Gupta, Jasminder Singh, Khadim Batti, Vara Kumar, Mukul Rustagi, Murthy Aradhi, Nikheel Kamble, Pallav Singh, Ramakant Sharma, Relentless VC, Saurabh Aggarwal, Soumitra Mishra, Supermorpheus and Tonmoy Shingal
• Mumbai-based OTT platform The Viral Fever has raised $2 million in Debt funding from BlackSoil