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Ecosystem Weekly | 3rd Oct Sep’21

October 3, 2021

Meesho raises $570M from Fidelity and B Capital at $4.9B valuation
Bangalore-based Social commerce platform Meesho has raised $570 million at a valuation of $4.9 billion. The round was led by Fidelity Management and Research Company and B Capital Group. The round also saw participation from existing investors Prosus Ventures, SoftBank Vision Fund 2, and Facebook. Other new investors include Footpath Ventures, Trifecta Capital, Good Capital and others.
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Ola Electric raises over $200M at $3B valuation
Bangalore-based Ola’s electric vehicle (EV) division, Ola Electric, raised over $200 million led by Falcon Edge, Softbank and others
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Startup News Snippets

M&A News

Market Pulse

  • Pune-based health insurance distribution startup Loop Health has raised $12 million in Series A Funding from Elevation Capital, General Catalyst, Vonid Khosla, YC Continuity Fund, Tribe Capital, Amit Kumar Agarwal, Ramakant Sharma, Vidit Aatrey, Sanjeev Barnwal and Eren Bali
  • Gurgaon-based hyperlocal and EV-based last-mile delivery startup Zypp Electric has raised $7 million in Series A Funding from 9Unicorns, Anthill Ventures, Nanavati Family Office, We Founder Circle, Riso Capital Fund, Dholakia Ventures, Venture Catalysts, IAN FundTarun Saraf, Rahul Khera, Arjun Seth and Mark Joseph
  • Bangalore-based blockchain monitoring and investigative platform Merkle Science has raised $6 million in Series A Funding from Darrow Holdings, Kraken Ventures, Bain-backed Uncorrelated Ventures, Fenbushi Capital, Token Bay Capital, Kenetic and Lunex Ventures
  • Mumbai-based agri-commerce startup SuperZop has raised $4 million in Series A Funding from Incofin’s India Progress Fund
  • Bangalore-based deeptech startup Astrome has raised $3 million in Bridge Funding from IAN Fund, Urania Ventures and Lakshmi Narayanan

Ecosystem Weekly | 26th Sep’21

September 26, 2021

Medikabazaar raises $75M in a Series C round led by CDC Group, Creaegis, others
B2B healthtech startup Medikabazaar has raised $75 million in a Series C round led by UK-based development finance institution CDC Group and PE fund Creaegis.
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LifeCell raises Rs 255 Cr led by Orbimed Asia Partners
Leading stem cell bank LifeCell International on Tuesday said it has raised Rs 255 crore in a funding round led by healthcare investment firm OrbiMed Asia Partners IV.
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Startup News Snippets

M&A News

Market Pulse

  • Pune-based fitness and wellness startup Fittr has raised $11.5 Mn in Series A Funding from Dream Capital, Elysian Park Ventures, LA Dodgers ownership group and Sequoia Capital’s India Surge
  • Mumbai & Gurgaon-based fintech startup ePayLater has raised $10 Mn in Series B Funding from Responsibility Investments, Blue Ashva Capital, Pravega Ventures and other HNIs
  • Bengaluru-based AI tech startup Aerchain has raised $3 Mn in pre-Series A Funding from IndiaMart and Season Two Ventures
  • Hyderabad-based fintech startup CredRight has raised $3 Mn in Funding from 9Unicorns , Spearhead Capital, Venture Catalysts, YourNest, Accion Venture Lab and other HNIs
  • Bengaluru-based private equity management platform RuleZero has raised $2.5 Mn in Seed Funding from The Treasury, employees of Valiant Capital, YourNest Venture Capital, Blume Founders Fund and other HNIs

 

Ecosystem Weekly | 19th Sep’21

September 19, 2021

Mindler Raises USD 1.5 Million In Pre-Series A Funding led by Ecosystem Ventures
New Delhi based Mindler, a comprehensive career guidance platform for students & educators has closed a USD 1.5 Mn Pre-Series A funding round led by Ecosystem Ventures, Inflection Point Ventures, nVentures Singapore & Chennai Angels towards augmenting its team, geographical expansion and institutional partnerships & alliances.
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Jobs platform apna enters unicorn club after raising $100M Series C round led by Tiger Global
Job and professional networking platform Apna.Co has secured close to $100 million in Series C funding led by Tiger Global. The round also saw participation from Owl Ventures, Insight Partners, Sequoia Capital India, Maverick Ventures, and GSV Ventures.
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Startup News Snippets

M&A News

Market Pulse

  • Mumbai-based fintech company LivQuik has raised $4 million in Funding from M2P Fintech
  • Noida-based gaming startup Awon GameZ has raised $2 million in Seed Funding from Aditya Duggar and Family
  • Delhi-based BNPL fintech startup Paytail has raised $2 million from Cholamandalam and other HNIs
  • Pune-based fintech startup 4Fin has raised $1 million in Pre-seed Funding from Curesense Therapeutics
  • Bengaluru-based D2C online brand Flatheads has raised $1 million in Pre-series A Funding from We Founder Circle, Dexter Angels, Gaurav Kapur, Sahil Barua and Radhika Ghai

Ecosystem Weekly | 12th Sep’21

September 12, 2021

Delhivery raises $76.4M from Lee Fixel’s firm – Addition
Delhivery, the logistics unicorn has raised $76.4 million in funding from Addition, the firm founded by the high profile startup investor Lee Fixel.
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Voice AI startup Skit raises $23M in Series B round from WestBridge Capital
AI-first SaaS voice automation startup Skit (formerly known as vernacular.ai) has secured $23 million as part of its Series B funding to fuel the next level of growth and product evolution.
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Startup News Snippets

M&A News

Market Pulse

  • A bengaluru-based platform for small merchants Dukaan has raised $11 million in pre Series A Funding from 640 Oxford Ventures, Snow Leopard Ventures, Lightspeed Partners, Matrix Partners India, Venture Catalyst, HOF Capital, Old Well Ventures, LetsVenture, 9Unicorns, Ritesh Agarwal and Carl Pei
  • Bengaluru-based employee wellness platform Nova Benefits has raised $10 million in Series A Funding from Susquehanna International Group, Bessemer Venture Partners, Multiply Ventures, Better Capital and Titan Capital
  • Mumbai-based ed-tech startup Lido Learning has raised $10 million in Funding from Unilazer Ventures
  • Bengaluru-based financial services platform WeRize has raised $8 million in Series A Funding from 3one4 Capital, Picus Capital, Kalaari Capital and Orios Ventures
  • Mumbai-based social commerce platform Coutloot has raised $8 million in Funding from Ameba Capital, SOSV, 9Unicorns, Astarc Ventures and Venture Catalysts

 

 

Ecosystem Weekly | 05th Sep’21

September 5, 2021

PayU to acquire payment giant BillDesk for $4.7 billion
Prosus NV, the Dutch unit of Naspers Ltd, has acquired Indian payment services provider BillDesk for $4.7 billion in cash in its largest acquisition.
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Voice AI startup Skit raises $23M in Series B round from WestBridge Capital
AI-first SaaS voice automation startup Skit (formerly known as vernacular.ai) has secured $23 million as part of its Series B funding to fuel the next level of growth and product evolution.
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Startup News Snippets

M&A News

Market Pulse

  • Bengaluru-based saving and investment app Jar has raised $5 million in Pre-Series A funding from Tribe Capital, Arkam Ventures, WEH Ventures, Kunal Shah, Shaan Puri, Manik Gupta and Ali Moiz
  • Bengaluru-based EV startup REVOS has raised $4 million in Series A funding from Union Square Ventures and Prime Venture Partners
  • Bengaluru-based supply chain and distribution network company RubanBridge has raised $3 million in from C4D Partners, KAAJ Ventures, Prashanth Prakash, Puneet Jetli, Aradhana D Chatterjee and Prashanth Boccasam
  • Bengaluru-based B2B SaaS startup Factors.AI has raised $2 million in seed funding from Elevation Partners, Emergent Ventures, Naveen Tiwari, Abhay Singhal, Piyush Shah, Mohit Saxena, Amit Gupta, Girish Mathrubootham, Krish Subramanian, Rajaraman Santhanam and Ramakant Sharma
  • Bengaluru-based edtech startup Codingal Education has raised $1 million in Seed funding from Y Combinator, Summer Capital, Day One Syndicate, Rebright Partners, Nate Lipscomb, Ganesh Rengaswamy, Peter Weck, Ashish Toshniwal, Viral Bajaria, Shashank Kumar, Karthik Ramakrishnan and Hiro Mizushima

Ecosystem Weekly | 29nd Aug’21

August 29, 2021

Zetwerk enters unicorn club after raising $150M
B2B manufacturing startup Zetwerk raised $150 million in Series E round at a valuation of $1.33 billion, making it the latest entrant to the unicorn club. The firm also claims to have become profitable on EBITDA level.
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Khatabook raises $100M Series C funding round
Bengaluru-based fintech startup KhataBook has raised $100 million in Series C funding, at a valuation of $600 million. The round was led by Tribe Capital and Moore Strategic Ventures (MSV).
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Startup News Snippets

M&A News

Market Pulse

  • Delhi-based fintech startup BharatPe has raised $27 million in debt funding from IIFL Wealth and Asset Management and Northern Arc Capital
  • Chandigarh-based agritech startup AgNext Technologies has raised $21 million in Series A funding from Alpha Wave Incubation, Omnivore and Kalaari Capital
  • Bengaluru-based financing platform Klub has raised $20 million in seed funding from 9Unicorns, Surge, Alter Global and GMO Venture Partners
  • Delhi-based NBFC SATYA MicroCapital has raised $18 million in funding from responsAbility Investments and BlueOrchard Finance Limited
  • Bengaluru-based healthtech Ultrahuman has raised $18 million in Series B funding from Alpha Wave Incubation, Scott Schleifer, Sandeep Singhal, Kunal Shah, Sujeet Kumar, Deepinder Goyal, Gunjan Patidar, Gaurav Munjal, Revant Bhate, Mohit Gupta, Vikram Dhingra and Roman Saini

Ecosystem Weekly | 22nd Aug’21

August 22, 2021

Polygon buys Hermez for first-of-its-kind blockchain network merger
Mark Cuban-backed blockchain scalability platform Polygon Technology has announced the acquisition of Hermez, a zero-knowledge (ZK) cryptography-based scaling project, for $250 million.
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Postman closes $225 million Series D round at $5.6 billion valuation
Postman , the San-Francisco and Bengaluru-based API platform startup, today announced that it has secured $225 million in a Series D round, placing its valuation at $5.6 billion.
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Startup News Snippets

M&A News

Market Pulse

  • Delhi-based fintech startup BharatPe has raised $27 million in debt funding from IIFL Wealth and Asset Management and Northern Arc Capital
  • Chandigarh-based agritech startup AgNext Technologies has raised $21 million in Series A funding from Alpha Wave Incubation, Omnivore and Kalaari Capital
  • Bengaluru-based financing platform Klub has raised $20 million in seed funding from 9Unicorns, Surge, Alter Global and GMO Venture Partners
  • Delhi-based NBFC SATYA MicroCapital has raised $18 million in funding from responsAbility Investments and BlueOrchard Finance Limited
  • Bengaluru-based healthtech Ultrahuman has raised $18 million in Series B funding from Alpha Wave Incubation, Scott Schleifer, Sandeep Singhal, Kunal Shah, Sujeet Kumar, Deepinder Goyal, Gunjan Patidar, Gaurav Munjal, Revant Bhate, Mohit Gupta, Vikram Dhingra and Roman Saini

Ecosystem Weekly | 15th Aug’21

August 15, 2021

Eruditus turns unicorn with $3.2B valuation after $650M round led by Accel, Softbank
Eruditus, the Mumbai headquartered edtech startup that offers professional education courses through collaboration with leading universities, has entered into the coveted unicorn club with a valuation of $3.2 billion.
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Dailyhunt parent VerSe Innovation raises $450M in Series I round
Bengaluru-based VerSe Innovation, a local language technology platform, has announced that it has raised $450 million in a Series I funding round from global investors Siguler Guff, Baillie Gifford and others.
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Startup News Snippets

M&A News

Market Pulse

  • Gurugram-based SaaS-based logistics startup Pickrr has raised $12 million in Series B funding from IIFL, Amicus Capital, Ananta Capital, Omidyar Network India and Guild Capital
  • Bengaluru-based battery-tech and deeptech startup Log 9 Materials has raised $9 million in Series A+ funding from ARBL, Exfinity Ventures and Sequoia Capital India
  • Chennai-based digital freight management platform Wiz Freight has raised $4 million in Seed funding from Axilor, Arali Ventures, Foundamental, Ramakant Sharma, LivSpace and Daniel Richner
  • Bengaluru-based community commerce app Ping has raised $4 million in Seed funding from Elevation Capital
  • Delhi-based D2C millennial cigarette brand Hash has raised $4 million in funding from Amrac Investment Trust, Kunal Shah, Jitendra Gupta, Ashneer Grover, Ankur Jain, Anshoo Sharma and Suhail Sameer

Ecosystem Weekly | 08th Aug’21

August 8, 2021

BharatPe joins unicorn club with $370M infusion led by Tiger Global at $2.85B valuation
Fintech startup BharatPe has raised $370 million in Series E round led by Tiger Global at a post money-valuation of $2.85 billion to turn into a unicorn.
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Infra.Market raises $125M from Tiger Global at $2.5B valuation
Construction materials marketplace Infra.Market on Tuesday said it raised $125 million in Series D funding from Tiger Global, which valued the company at $2.5 billion, a statement said.
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Startup News Snippets

M&A News

Market Pulse

  • Mumbai-based mortgage finance startup Easy has raised $15 million in Series A funding from Xponentia Capital Partners, Harbourfront Capital, Finsight VC, RaSa Future Fund, Navida Capital AB, Helena Wasserman Eriksson and Integra Software
  • Jaipur-based skincare brand Minimalist has raised $15 million in Series A funding from Sequoia Capital India and Unilever Ventures
  • Bengaluru-based fintech startup Slice has raised $10 million in debt funding from Northern Arc Capital, Niyogin Fintech Limited, Credit Saison India and Vivriti Capital
  • Bengaluru-based real-estate investment startup Strata has raised $6 million in Series A funding from Kotak Investment Advisors Limited, Gruhas Proptech, Sabre Investments, Elevation Capital, Mayfield India and Gemba Capital
  • Mumbai-based clean-label food brand The Whole Truth has raised $6 million in Series A funding from Sequoia Capital India, Matrix Partners India, Sauce.Vc, Kalyan Krishnamurthy, Sujeet Kumar, Ashneer Grover and Shashvat Nakrani

 

Ecosystem Weekly | 01st Aug’21

August 1, 2021

Byju’s continues acquisition spree, acquires Toppr and Great Learning
Edtech unicorn and India’s most valuable startup Byju’s is continuing its acquisition spree by buying after-school learning app Toppr and upskilling platform Great Learning in a cash and stock deal.
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Moj, ShareChat owner raises $145M at $2.8B valuation from Temasek, others
Mohalla Tech, the parent company behind Moj and ShareChat, has raised $145 million as an extension of its Series F round. The investment has been led by Singapore state investor Temasek, Moore Strategic Ventures (MSV), along with participation from Mirae-Naver Asia Growth fund.
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Startup News Snippets

M&A News

Market Pulse

  • Mumbai-based mortgage finance startup Easy has raised $15 million in Series A funding from Xponentia Capital Partners, Harbourfront Capital, Finsight VC, RaSa Future Fund, Navida Capital AB, Helena Wasserman Eriksson and Integra Software
  • Jaipur-based skincare brand Minimalist has raised $15 million in Series A funding from Sequoia Capital India and Unilever Ventures
  • Bengaluru-based fintech startup Slice has raised $10 million in debt funding from Northern Arc Capital, Niyogin Fintech Limited, Credit Saison India and Vivriti Capital
  • Bengaluru-based real-estate investment startup Strata has raised $6 million in Series A funding from Kotak Investment Advisors Limited, Gruhas Proptech, Sabre Investments, Elevation Capital, Mayfield India and Gemba Capital
  • Mumbai-based clean-label food brand The Whole Truth has raised $6 million in Series A funding from Sequoia Capital India, Matrix Partners India, Sauce.Vc, Kalyan Krishnamurthy, Sujeet Kumar, Ashneer Grover and Shashvat Nakrani
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