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Ecosystem Weekly | 27th June’21

June 27, 2021

Temasek, TPG Growth backed PharmEasy to buy listed diagnostics firm Thyrocare
Private equity and venture capital backed PharmEasy has signed a definitive agreement to acquire a majority stake in diagnostics firm Thyrocare Technologies for Rs 4,546 crore ($613 million).
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Piramal Pharma’s contract division completes acquisition of Hemmo
The contract development and manufacturing organisation of Piramal Pharma Ltd on Wednesday said it has completed the acquisition of Hemmo Pharmaceuticals Pvt Ltd.
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Startup News Snippets

M&A News

Market Pulse

  • Bangalore-based social community platform Kutumb has raised $26 million in Series A funding from Tiger Global
  • Gurgaon-based social commerce startup CityMall has raised $23 million in Series B funding from General Catalyst, Jungle Ventures, investors Accel, Elevation Capital and WaterBridge Ventures
  • Delhi-based real estate company MYRE Capital has raised $7 million in funding from undisclosed investors
  • Mumbai-based full-stack D2C brand Skillmatics has raised $6 million in Series A funding from Sequoia Capital India, Jalaj Dani Family Office and other HNIs
  • Delhi-based healthcare startup Synapsica Healthcare has raised $4 million in Series A funding from IvyCap Ventures, Endiya Partners, Y Combinator and other HNIs

Ecosystem Weekly | 20th June’21

June 20, 2021

BYJU’S surpasses Paytm to be India’s most valuable startup after raising $350M
Edtech unicorn BYJU’S has surpassed fintech major Paytm to become India’s most valuable startup after its latest round of funding.
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Apna raises $70M in Series B round led by Insight Partners and Tiger Global
Bengaluru-based professional networking and jobs platform Apna has raised Series B funding of $70 million led by Insight Partners and Tiger Global, at a valuation of $570 million.
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Startup News Snippets

M&A News

Market Pulse

  • Mumbai-based digital credit network Flexmoney has raised $5 million in Series A funding from Pravega Ventures, Z5 Capital and other HNIs
  • Bengaluru-based retail platform for food and grocery products Jumbotail has raised $5 million in debt funding from Alteria Capital
  • Surat-based men’s innerwear and comfort-wear brand XYXX has raised $4 million in Series A funding from DSG Consumer Partners, Synergy Capital Partners and Sauce.VC
  • Delhi-based insurtech platform Vital has raised $3 million in pre-Series A funding from BLinC Invest, Venture Catalyst, Survam Partners and other HNIs
  • Bengaluru-based contract lifecycle management platform SimpliContract has raised $2 million in seed funding from Kalaari Capital, Picus Capital, Arka Venture Labs and Digital Sparrow Capital

Ecosystem Weekly | 14th June’21

June 13, 2021

NCLT approves Vedanta arm’s bid to acquire bankrupt Videocon Industries
The National Company Law Tribunal (NCLT) on Tuesday approved a bid by businessman Anil Agarwal-backed Twin Star Technologies to acquire the 13 firms of Videocon Industries Ltd for Rs 2,962 crore.
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Tiger Global leads $35 Mn round in GoMechanic
Gurgaon-based multi-brand car workshop and spare parts platform GoMechanic has raised $35 million in its Series C round led by Tiger Global Management.
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Startup News Snippets

 

M&A News

 

Market Pulse

  • Pune-based green energy technology startup Greenjoules has raised $5 million in Series A funding from Blue Ashva Capital
  • Gurugram-based edtech startup Swiflearn has raised $3 million in pre-Series A funding from Stellaris Venture Partners, Venture Highway and other HNIs
  • Gurugram-based hygiene and wellness brand Pee Safe has raised $3 million in pre-Series B funding from Alkemi Growth Capital and other HNIs
  • Delhi-based D2C home appliance brand Candes has raised $3 million in funding from Anuraag Jaipuria, Ruchirans Jaipuria, Nitin Passi and Dheeraj Jain.
  • Bengaluru-based digital healthcare platform MediBuddy has raised $3 million in debt funding from Stride Ventures

Ecosystem Weekly | 06th June’21

June 6, 2021

Logistics startup Delhivery raises $275M in Series H round led by Fidelity Management and Research Company

Gurgaon-based logistics startup Delhivery on Monday announced that it had raised $275 million in its Series H round led by Boston-headquartered investment firm Fidelity Management and Research Company. 

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Urban Company raises $255M in Series F round at $2.1B valuation
Gurgaon-based Urban Company has raised $255 million in a Series F round at a valuation of $2.1 billion. This includes a primary capital infusion of $ 188 million and a secondary sale of approximately $67 million by select angels and early investors.

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Startup News Snippets

M&A News

Market Pulse

  • Delhi-based E2E tech-enabled logistics company Holisol Logistics has raised $3 million in debt funding from Northern Arc Capital
  • Bengaluru-based E-learning platform Crejo.Fun has raised $3 million in seed funding from Matrix Partners India, 021 Capital and Gemba Capital
  • Gurugram-based healthtech startup Breathe Well-being has raised $1 million in pre-Series A funding from 3one4 Capital and other HNIs
  • Ahmedabad-based public bicycle-sharing startup MYBYK has raised $1 million in pre-Series A funding from Avon Cycles and other HNIs
  • New Delhi-based edtech startup Avishkaar has raised $683K in pre-series A funding from Auxano, Mumbai Angels and other HNIs

 

Ecosystem Weekly | 30th May ’21

May 30, 2021

Tata Buys Majority Stake in BigBasket, to Compete Against Amazon, Flipkart

Tata Sons has acquired a majority stake in online grocery seller BigBasket, putting the Indian conglomerate in a direct race with e-commerce players Amazon.com Inc, Walmart’s Flipkart and Reliance Industries.

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Zeta raises $250M from Softbank Vision Fund, attains unicorn status

Bengaluru-based banking tech startup, Zeta has become the latest unicorn after raising $250 million in a Series C funding round from Softbank Vision Fund 2 at a valuation of $1.45 billion.
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Startup News Snippets

M&A News

Market Pulse

  • Mumbai-based corporate card startup Kodo has raised $9 million in seed funding from Brex, Goat Capital, Pioneer Fund and other HNIs
  • Bengaluru-based mobility and smart parking startup Get My Parking has raised $6 million in funding from IvyCap Ventures and IAN Fund
  • Bengaluru-based matchmaking startup Betterhalf.ai has raised $3 million in pre-Series A round from S2 Capital, Quiet Capital and other HNIs
  • Gurugram-based mobile agritech startup FarMart has raised $2 million in pre-series A funding from Omidyar Network India, Avaana Capital, Indian Angel Network and LetsVenture
  • Bengaluru-based edtech startup Tekie has raised $2 million in seed funding from GSV Ventures, Multiply Ventures and Better Capital

Ecosystem Weekly | 23rd May ’21

May 23, 2021

Adani Green Energy to acquire SB Energy India from SoftBank, Bharti Group

Adani Green Energy Ltd today said it has struck a deal to fully acquire SB Energy India from SoftBank Group and Bharti Group at an enterprise value of $3.5 billion (Rs 25,538 crore).
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B2B ecommerce startup Moglix joins unicorn club after raising $120M in Series E round
Noida-based Moglix, a B2B industrial goods ecommerce marketplace, on Monday announced that it has raised $120 million in Series E round led by Falcon Edge Capital and Harvard Management Company (HMC).
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Startup News Snippets

M&A News

Market Pulse

  • Bengaluru-based global AI-powered mental health platform Wysa has raised $6 million in Series A funding from W Health Ventures
  • Delhi-based fashion house High Street Essentials has raised $4 million in funding from Elevation Capital, India Quotient, Dominor Holding, and other HNIs
  • Gurugram-based health education startup Virohan has raised $3 million in Series A funding from Rebright Partners
  • Bengaluru-based women’s activewear brand BlissClub has raised $2 million in seed funding from Elevation Capital, Neeraj Arora, Kunal Shah, Rahul Mehta, Ashish Goel, Chakradhar Gade and Good Capital

Ecosystem Weekly | 16th May ’21

May 16, 2021

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).

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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

Ecosystem Weekly | 09th May ’21

May 9, 2021

Westbridge Capital drives $41 mn funding round in Rapido
Bengaluru-based online bike/taxi aggregator Rapido has raised Rs 302.06 crore (about $41.16 million as per current exchange rates) in a Series C funding round from a clutch of investors, led by Westbridge Capital.
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MOPE invests in Fincare Small Finance Bank; True North makes part-exit
Motilal Oswal Private Equity (MOPE) has picked up a minority stake worth around Rs 185 crore ($25 million) in Fincare Small Finance Bank through a secondary deal.
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Startup News Snippets

M&A News

Market Pulse

  • Mumbai-based wealth management and investment advisory firm Arthya Wealth and Investments has raised $1 million in pre-Series A funding from Bagla Group and Krishen Lal Khanna
  • Mumbai-based fashion network 6Degree has raised $1 million in Series A funding from SucSEED Indovation Fund, Keiretsu Forum, SucSEED Angel Network and AngelBay
  • Chennai-based automated cognitive inspection startup Jidoka Technologies has raised $340K in seed funding from an undisclosed investor
  • Jodhpur-based Agetech startup Sarathi Healthcare has raised $137K in seed funding from Bharat, Nitin Sethi, Vishal Dhikale, Swapnil Bagul, Gaurav Satbhai and Jayshree Harak
  • Pune-based IoT platform iobot has raised $100K from GSF Accelerator, Pras Hanuma, Dinesh Agarwal and J. Murugavel

Ecosystem Weekly | 02nd May ’21

May 2, 2021

Urban Company enters unicorn club with $2B valuation, following $188M fund raise
Urban Company’s latest funding round had Prosus as the lead investor. The home services marketplace is now valued at $2 billion.
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upGrad raises $120 M from Temasek
upGrad on Monday said it has raised $120 million (about Rs 897.3 crore) from Singapore-based Temasek, making this the first external fund-raise by the edtech major
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StartUp Funding Summary

M&A News Snippets

Market Pulse

  • Gurugram-based fintech platform FypMoney has raised $2 million in seed funding from Liberatha Kallat, Mukesh Yadav, and Dinesh Nagpal
  • Mumbai-based employee healthcare management platform Qube Health has raised an undisclosed amount in Pre-Series A funding from Burman Family Office, Keiretsu Forum and other HNIs

Ecosystem Weekly | 25th April ’21

April 25, 2021

Fintech unicorn Razorpay raises $160M at $3B valuation
Fintech major Razorpay said it has raised $160 million at a valuation of $3 billion in Series E funding. The round was led by existing investors GIC, Singapore’s sovereign wealth fund, and Sequoia India, along with participation from Ribbit Capital and Matrix Partners. Read More

Druva raises $147M at $2B valuation from CDPQ, Neuberger Berman, others
Druva, the US and India-based SaaS unicorn, has raised $147 million in funding at a valuation of more than $2 billion. This round was led by Caisse de dépôt et placement du Québec (CDPQ) and Neuberger Berman.
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StartUp Funding Summary

M&A News Snippets

Market Pulse

  • New Delhi-based feminine hygiene products manufacturer Sirona Hygiene has raised $3 million in Series A funding from NB Ventures and IAN Fund
  • Hyderabad-based rooftop solar startup Freyr Energy has raised $2 million in equity funding from Total Carbon Neutrality Ventures, Schneider Electric Energy Access Asia and C4D Partners
  • New Delhi-based Dating app TrulyMadly has raised $2 million in pre-Series A funding from Venture Catalysts, 9 Unicorns, Jana K Balan, Neil Bahal, Ruchi Sihare, Inflection Point Ventures, The Chennai Angels, AngelList, Vijay Shekhar Sharma, Abhay Singhal, Piyush Shah, Akshat Rathee and Arjun Vaidya
  • Ahemdabad-based defense technology startup Optimized Electrotech has raised $2 million in funding from Venture Catalysts, GVFL and other HNIs
  • Mumbai-based online B2B grocery ecommerce platform Taikee has raised $2 million from SME lending platforms, NBFCs and other HNIs
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