Ecosystem Weekly | 15th May’22
Ecosystem Ventures This Week
Live Deal
Investment opportunity in India’s First Hybrid 2 Wheeler EV is now live. The startup is revolutionizing the EV space which is currently struggling with range issues, charging infra and power reliability, repair and servicing, brand trust and resale value.
You can read more about the deal here.
Key Highlights – Portfolio Company
We are delighted that one of our portfolio Edtech companies, XED, has partnered with IVY league universities – Brown University, Rhode Island and Carnegie Mellon University, Pittsburgh, Pennsylvania. Mr. Rupesh Bisht has been appointed as the executive director of XED. Earlier he served as the CEO of Masters’ Union (a practitioner-led and industry-focused business school). Read more
Welcome – Mohit Bansal
We’re thrilled to announce that Mohit Bansal, an IIM Ahmedabad alumnus, has joined Ecosystem Ventures as a Partner. A seasoned entrepreneur with 19+ years of professional experience, Mohit has not only built India’s first online tutoring company, Learning Hour, which was acquired by Educomp Solutions in a multimillion-dollar deal but also was part of the founding team that built India’s first real money poker website Adda52.com.
Mohit’s expertise would enable Ecosystem Ventures to unlock immense growth possibilities for startups.
We can’t wait to start our journey with him! You can read more about him here | Linkedin
Welcome – Aziz Rajodwala
We welcome Mr. Aziz Rajodwala as a Management Trainee at Ecosystem Ventures. He has done internships from National Coal Fields, Sangrauli and Johar Manufacturing Services, Dubai. His interests are reading books, photography and solving Rubik’s Cube.
Startup Funding Summary
Ather Energy, a Bengaluru based EV startup, has raised $128 Mn in Series E funding from National Investment, Infrastructure Fund Limited, Hero MotoCorp and others – Read More
GoKwik, a New-Delhi based e-commerce enablement platform, has raised $35 Mn in Series B funding from Think Investments, Sequoia Capital India, Matrix Partners India and RTP Global – Read More
Skillmatics, a Mumbai-based edtech startup, has raised $16 Mn in Series B funding from Sofina, Sequoia Capital India and Jalaj Dani Family Office – Read More
iNurture, a Bengaluru-based edtech firm, has raised $15 Mn in funding from ADM Capital – Read More
ApnaKlub, a Bengaluru-based FMCG wholesale platform, has raised $10 Mn in Series A funding from Tiger Global. – Read More
M&A Snippets
Delhi NCR-based hospitality brand Oyo has acquired Europe-based vacation home provider Direct Booker – Read More
Mumbai-based AI-driven credit-led wellness platform CASHe has acquired Gurgaon-based wealthtech platform Sqrrl – Read More
Gurgaon-based upskilling platform Great Learning has acquired Singapore-based education platform Northwest Executive Education – Read More
Bengaluru-based foodtech platform Swiggy will acquire Noida-based restaurant tech platform Dineout – Read More
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