Ecosystem Weekly | 9th Jan’22

TPG invests $360M in AI and advanced analytics solutions provider Fractal
New York, US, and Mumbai-headquartered artificial intelligence (AI) and advanced analytics solutions provider Fractal on Wednesday announced raising $360 million from TPG Capital Asia, the Asia-focused private equity platform of global alternative asset firm TPG.
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Indian e-commerce Udaan raises $250 million
The Bengaluru-headquartered startup has raised $200 million via a convertible note and an additional $50 million as debt, its chief financial officer Aditya Pande told employees in an internal email.
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Startup News Snippets

M&A News

Market Pulse

• Bengaluru-based finance platform for MSMEs Rupifi has raised $25 million in Series A funding from Bessemer Venture Partners, Tiger Global Management, Quona Capital, Ankur Capital and Better Capital
• Mumbai-based merchant commerce platform Pine Labs has raised $20 million in funding from State Bank of India
• Mumbai-based fintech startup CASHe has raised $19 million in funding from TSLC
• Bengaluru-based fintech firm Innoviti Payment has rasied $11 million in Series D funding from Trifecta Debt Fund, Patni Advisors, Bessemer Venture Partners, Sanjoy Bhattacharya and Bharat Jaisinghani
• Bengaluru-based foodtech startup Living Food has raised $8 million in Series A funding from Amasia