Ecosystem Weekly | 24th Apr’22

Ecosystem Ventures this Week

We are happy to share that we were part of the Udyamita 2022, an event which was conducted by Prestige Institute of Engineering, Management & Research (PIEMR). Mr. Paresh Y Murudkar (AVP, Ecosystem Ventures) represented the jury at the event.
We also welcome Mr. Anant Pratap Singh Parihar who has joined Ecosystem Ventures as Management Trainee (Law). He has done internships from High Court of Indore, District Court of Hoshangabad and Canano Law firm, Delhi.

Startup News Snippets

Fintech lender Kinara Capital secures Rs 380 Cr in equity led by Nuveen
This fresh equity round will energise us to scale faster so that we can continue doing what we do best, which is to bring more small business entrepreneurs into the fold of financial inclusion,” states Hardika Shah, Founder and CEO, Kinara Capital.
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VideoVerse raises $46.8M in Series B led by A91 Partners, Alpha Wave Global
AI-driven SaaS platform VideoVerse plans to utilize the funding to strengthen the team, technology, and expand global footprint, while creating a conglomerate of AI-based next-generation video editing products.
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M&A News

Market Pulse

• Pune-based trade finance startup Vayana Network has raised $15 million in Series C funding from International Finance Corporation, PayU, Chiratae Ventures, March Capital, Marshall Wace, CDC Group, Jungle Ventures and family offices
• Bengaluru-based content creator platform Rigi.Club has raised $10 million in Series A funding from Accel India, Sequoia Capital India, Stellaris Venture Partners, Nitish Mittersain, Apaksh Gupta, Anupam Mittal, Tanmay Bhat and other HNIs
• Kota-based agritech startup Eeki Foods has raised $7 million in Series A funding from General Catalyst, Avaana Capital, Better Capital, Irving Fain, Subbu Palaniappan, Srinivas Narayanan, Akhil Gupta and Amit Kumar Agarwal
• Gurugram-based fintech platform SaveIN has raised $4 million in seed funding from Y-Combinator, Leonis VC, 10X Group, Nordstar, Rebel Fund, Goodwater Capital, Pioneer Fund, Soma Capital, SCM Advisors, Oliver Jung, Grant Park Ventures, Leblon Capital, Almagro GmbH, MyAsiaVC, Kube VC, Mohandass Kalaichelvan and Vimal Kavuru
• Ahmedabad-based EV charger manufacturing company Tirex has raised $2 million from an undisclosed UHNI