Ecosystem Weekly | 26th Dec’21

OfBusiness valued at nearly $5 billion after $325 million in new funding
OfBusiness, a business-to-business (B2B) commerce startup, said it has raised $325 million from Alpha Wave Global (formerly Falcon Edge Capital), Tiger Global and SoftBank Vision Fund 2.
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India’s Cars24, a used-vehicle sales platform, raises $400M, now at a $3.3B valuation, to double down on growth
Cars24, a startup out of India that has built an app and website for selling used cars and motorbikes, has raised $400 million: a Series G of $300 million in equity and a further $100 million in debt. Alpha Wave Global is leading this Series G.
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Startup News Snippets

M&A News

Market Pulse

• Mumbai-based cycle maker Ninety One has raised $30 million in Series A funding from A91 Partners, Fireside Ventures, Avaana Capital and Titan Capital
• Delhi-based healthtech Sirona Hygiene has raised $13 million in Series B funding from The Good Glamm Group
• Bangalore-based logistics ecosystem platform Ripplr has raised $12 million in Series B funding from Sojitz Corporation, Stride Ventures, 3one4 Capital, Zephyr Peacock India Growth Fund, Chand Family Office, Vivek, Abhay, Aniketh and Ashish
• Pune-based supply chain robotics technology startup Unbox Robotics has raised $7 million in Series A funding from 3one4 Capital, Sixth Sense Ventures, Redstart Labs, Pramod Ghadge, Shahid Memon, Rohit Pitale, Arali Ventures, WEH Ventures, BEENEXT, Force Ventures, Dr Vijay Kedia, Aditya Singh, Pavitar Singh, Rahul Chaudhary, Nikhil Vora, Kathan Shah and Veda VC
• Bangalore-based audio romance and friend discovery startup FRND has raised $7 million in Series A funding from KRAFTON, India Quotient and Elevation Capital