Ecosystem Weekly | 21st Nov’21

Mensa turns unicorn within 6 months of inception with $135M Series B investment
The D2C (direct-to-consumer) house of brands startup Mensa Brandshas raised Series B funding of $135 million at a valuation of over a billion dollars. Mensa is now one of the fastest unicorns in Asia, after attaining the status within six months of its inception.
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Trifecta Capital announces the first close of Trifecta Venture Debt Fund–III at Rs 750 Cr
Trifecta Capital on Wednesday announced that it has achieved the first close of its third venture debt fund, Trifecta Venture Debt Fund – III, having secured investor commitments of Rs. 750 crores within two months of the launch of the Fund.
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Startup News Snippets

M&A News

Market Pulse

• Bengaluru-based crypto exchange platform Defy has raised $6 million in seed funding from Goat VC, JAM Fund, Goodwater Capital, Gemba Capital, Night Ventures, GMO Venture Partners, Uncommon Capital, Soma Capital, Olive Tree Capital and Better Capital
• Bengaluru-based stock analysis platform Tickertape has raised $5 million in seed funding from smallcase
• Ahmedabad-based FoodTech Startup Petpooja has raised $5 million in funding from Aroa Ventures, GVFL, Udaan, Dr Mayur Desai and other HNIs
• Gurugram-based fintech startup SalaryBox has raised $4 million in seed funding from Y-Combinator, AME Cloud Ventures, Soma Capital, 2AM Ventures, Gokul Rajaram, Sriram Krishnan and Anand Chandrasekaran
• Bengaluru-based insurtech and healthtech startup Clinikk has raised $4 million in pre-series A funding from MassMutual Ventures, Kunal Shah, Rohit M.A., Anjali Bansal, Stanford Angels and other HNIs