Ecosystem Weekly | 16th May ’21
Falcon Edge arm leads $28 mn round in social commerce platform DealShare
Jaipur based Merabo Labs, which runs social commerce platform DealShare, is set to raise Rs 204.5 crore (approximately $28 million) in a fresh round of funding from returning investors.
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Groww acquires mutual funds business of Indiabulls Housing Finance
Bengaluru headquartered Nextbillion Technology, which owns and operates investment platform Groww, has announced the acquisition of mutual funds business of Indiabulls Housing Finance, comprising Indiabulls Asset Management Company (IAMCL) and Trustee of IAMCL (ITCL).
Startup News Snippets
M&A News
Market Pulse
- Bengaluru-based Deeptech AI startup Myelin Foundry has raised $1 million in pre-Series A funding from Beyond Next Ventures and Endiya Partners
- Pune-based social enterprise startup Haqdarshak Empowerment Solutions has raised $910K in pre-Series A funding from The Deepak Group, Impact India Investment Partners, Beyond Capital Fund, Shalini Chhabra and 3i Partners
- Mumbai-based B2B risk management platform Rubix Data Sciences has raised $850K in seed funding from Cactus Venture Partners and other HNIs
- Bengaluru-based healthtech platform MedTel Healthcare has raised $500K in Pre-Series A funding from undisclosed investors from the US, India, and Australia
- Bengaluru-based AI-enabled wealthtech app Pickright Technologies has raised $200K in funding from JITO Angel Network, Mumbai Angels and other HNIs
Westbridge Capital drives $41 mn funding round in Rapido
MOPE invests in Fincare Small Finance Bank; True North makes part-exit
Urban Company enters unicorn club with $2B valuation, following $188M fund raise
upGrad raises $120 M from Temasek
Fintech unicorn Razorpay raises $160M at $3B valuation
Druva raises $147M at $2B valuation from CDPQ, Neuberger Berman, others
SoftBank is in advanced talks on investing around $450 million (around Rs 3,348 crore) in the food ordering and delivery platform Swiggy.
TReDS platform M1xchange on Thursday said it has raised $10 million in funding, led by ecommerce major Amazon. The funding round also saw participation from BEENEXT and existing investor, Mayfield, a statement said.
Bengaluru-based hyperlocal delivery platform Swiggy has raised $800 million in funding. According to the Registrar of Companies (RoC) filing by the company, the round was led by Falcon Edge, Amansa Capital, Think Investments, Carmignac, and Goldman Sachs.
Thursday said it raised $502 million in its latest round led by Lightspeed Ventures and Tiger Global, along with participation from Snap Inc, Twitter, and India Quotient, among others.
Adani Transmission has signed an agreement to acquire Warora-Kurnool Transmission from the infrastructure unit of Essel group.
Edtech unicorn BYJU’S has raised Rs 3,328.23 crore ($460 million approximately) as part of its ongoing Series F funding round led by MC Global Edtech Investment Holdings at a valuation north of $13 billion.
Adani Ports and Special Economic Zone (APSEZ) has said it will acquire the 58.1% stake held in Gangavaram Port by the DVS Raju family for Rs 3,604 crore (around $498 million).
Fantasy sports unicorn startup Dream Sports, which owns the flagship brand Dream11, has raised $400 million in second investment led by TCV, D1 Capital Partners, and Falcon Edge.
Gurugram-based Policybazaar’s UAE arm has raised funding of $75 million in a round led by Falcon Edge Capital to expand its business in UAE and the Middle East. YourStory’s sources have confirmed the development.
Pune based IT (information technology) services major Tech Mahindra on Monday announced it has acquired 70% stake in pharmaceutical packaging artwork, BPO and digital solutions provider Perigord Asset Holdings for 21 million euros (about $25 million at current exchange rate).
Mumbai-based online insurance platform Turtlemint on Tuesday said it has raised a fresh round of growth financing from Singapore-based Jungle Ventures, bringing its Series D fundraise to $46 million.
NODWIN Gaming, a subsidiary of Nazara Technologies, has raised Rs 164 crore (approximately $22.5 million) from Krafton, the South Korean developer of PUBG.
