Ecosystem Weekly | 30th Jan’22

Swiggy raises $700M investment led by Invesco at a valuation of $10.7B
Foodtech unicorn Swiggy has raised $700 million in funding led by Invesco, six months after it raised $1.25 billion. Swiggy is now valued at $10.7 billion, up from its previous $5.5 billion.
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B2B marketplace Moglix’ valuation doubles after raising $250M
Moglix has raised $250 million in a Series F round of funding at a valuation of $2.6 billion.
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Startup News Snippets

M&A News

Market Pulse

• Bengaluru-based healthcare startup Smiles.ai has raised $23 million in Series A funding from Alpha Wave Incubation, Sequoia Capital India, Chiratae Ventures, MBX Capital, Wami Capital, Peyush Bansal, Amit Chaudhary, Aakrit Vaish, Revant Bhate, Miten Sampat and Sambhav Rakhyan
• Thane-based fintech startup Raise Financial Services has raised $22 million in Series A funding from BEENEXT, Mirae Asset Venture Investments, 3one4 Capital, Rocketship.vc, Sujeet Kumar, Vidit Aatrey, Sanjeev Barnwal and Jitendra Gupta
• Hyderabad-based healthtech firm Stanplus has raised $20 million in Series A funding from HealthQuad, Kalaari Capital, HealthX Capital, Pegasus, Sandeep Singhal and Prashant Malik
• Chennai-based PSA and RMM platform SuperOps.ai has raised $14 million in Series A funding from Addition, Tanglin Venture Partners, Matrix Partners, Elevation Capital, Giovanni Sanguily, Sidharth Malik, Noel Wax, Lisa Woods and Abhi Kumar
• Mumbai-based Digital lending platform Kissht has raised $13 million in funding from Trifecta Capital and Northern Arc