Ecosystem Weekly | 26th June’22

Ecosystem Ventures This Week

We welcome Mr. Manish Malhotra as Management Trainee at Ecosystem Ventures.

He is a graduate in B.Com (Hons) from DAVV, Indore. He has completed certifications in Financial Modeling and Investment Banking.

In his free time you would find him either playing chess or taking abstract photographs.

Startup Funding Summary

Stashfinn, a New Delhi-based fintech company, has raised $270 Mn in Series C funding from global investors, Uncorrelated Ventures, Fasanara Capital, Abstract Ventures, Altara Ventures, Kravis Investment Partners and Snow Leopard – Read More

Cashify, a Gurgaon-based smartphone solution provider, has raised $90 Mn in Series E funding from NewQuest Capital Partners, Prosus, Bessemer, Blume Ventures, Olympus Capital and Paramark Ventures  – Read More

Leap, a Bangalore-based edtech startup, has raised $75 Mn in Series D funding from Owl Ventures, Steadview Capital, Paramark Ventures, Jungle Ventures and Sequoia Capital  – Read More

Chaayos, a New Delhi-based tea cafe chain, has raised $53 Mn in Series C funding from Alpha Wave Ventures, Elevation Capital, Tiger Global Management and Think Investments – Read More

Statiq, a Gurgaon-based EV charging network startup, has raised $26 Mn in Series A funding from Shell Ventures – Read More

M&A Snippets

Gurgaon-based logistics platform Zomato has acquired Gurgoan-based delivery service platform Blink Commerce for $569 Mn – Read More

Mumbai-based Thrasio-styled marketplace aggregator Evenflow Brands has acquired Tamil Nadu-based home furnishing brand Trendy Homes for an undisclosed amount – Read More

Israel-based irrigation company Rivulis will merge with Jalgaon-based plastic manufacturing firm Jain Irrigation – Read More