Ecosystem Weekly | 17th Apr’22

Ecosystem Ventures this Week

We were happy to be a part of the IDMA event, where our co-founder Mr. Abhijeet Bhandari had a chance to meet Mr. Natarajan Chandrasekaran, Chairman, Tata Sons; Utpal Sheth, CEO, Rare Enterprises and Renuka Ramnath, Founder & CEO, Multiples Asset Management.

Also, we welcome Mr. Sagar Saigal as a Sr. Business Analyst to our Ecosystem Ventures team

Startup News Snippets

Rapido raises $180M from Swiggy, TVS Motor, Westbridge, and others
Bike taxi startup Rapido plans to use fresh funding of $180 million to build its team, improve technology, and boost supply.
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Luxury home developer Isprava raises $130M as growth capital
The funding was led by marquee family offices including the Nadir Godrej Family Office, the Burman Family Office and others.
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M&A News

Market Pulse

• Mumbai-based healthtech startup MediSage has raised $7 million in funding from Bessemer Venture Partners, Rahul Mukim, TP Devarajan, Vijay Datt and Siddharth Sikchi
• Gurugram-based deeptech startup Spyne has raised $7 million in funding from Accel, Storm Ventures, Smile Group, Pentathlon Ventures, Core91 and other HNIs
• Gurugram-based AI powered chatbot startup LimeChat has raised $4 million in funding from Stellaris Venture Partners, Pi Ventures, Titan Capital and other HNIs
• Mumbai-based health and home-focused house-of-brands Pratech Brands has raised $3 million in Seed funding from Surge
• Bengaluru-based gaming platform Glip has raised $3 million in Pre-Series A funding from Prime Venture Partners, Better Capital, iSeed, Paavan Nanda, Nilay Arora, Suhail Sameer, Ravish Naresh, Vivek Hallekere, Kumar Aakash, Misbah Ashraf and other HNIs