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Ecosystem Weekly | 22nd Nov ’20

November 22, 2020

Blackstone, Embassy Group to sell office park to REIT for $1.3 Bn
Private equity giant Blackstone and Bengaluru developer Embassy Group will sell an office park they own in Bengaluru to a real estate investment trust they have jointly sponsored for $1.3 Bn
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JSW Infrastructure acquires Chettinad Group’s ports business
JSW Infrastructure Ltd, an arm of the publicly listed JSW Steel Ltd, has acquired the ports business of the Chennai-based Chettinad Group
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Startup News Snippets

M&A News

Market Pulse

  • Mumbai-based fashion brand DaMENSCH has raised $7 Mn in funding led by Matrix Partners India, Saama Capital, Whiteboard Venture Partners, and Alteria Capital
  • Bengaluru-based online platform for buying and selling dairy and cattle Animal Technologies has raised $6 Mn in Series A funding led by Sequoia Capital India Seed Investment
  • Thane-based fantasy gaming platform PlayerzPot has raised $3 Mn in Series A funding from unknown investors
  • Bengaluru-based AI-driven deep-tech content startup Instoried has raised $1 million in pre-Series A funding led by 9Unicorns and Mumbai Angels
  • New Delhi-based personal care startup Arata has raised $1 Mn in pre-Series A funding led by Nikhil Vora and Rohan Vaziralli. Existing investor DSG Consumer Partners, along with promoters also participated in this round
  • Mumbai-based professional services MNC EY India has acquired Gurugram-based end-to-end skilling platform Spotmentor Technologies

Ecosystem Weekly | 15th Nov ’20

November 15, 2020

Grasim to sell fertiliser business to Indorama for $355 mn
Grasim Industries Ltd has agreed to sell its fertiliser business to Singapore’s Indorama Corporation Pte. for Rs 2,649 Crore (about $355 million) in cash.
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Biocon Biologics gets Rs 1,125 Cr capital infusion from Goldman Sachs
Biocon has announced that its subsidiary Biocon Biologics has approved a Rs 1,125 crore investment from Goldman Sachs.
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Startup News Snippets

M&A News

Market Pulse

  • Bengaluru-based learning and community platform FrontRow has raised seed funding of $3 Mn led by Lightspeed and Elevation Capital
  • Gurugram-based social commerce platform Citymall has raised $3 Mn in seed funding led by Elevation Capital
  • Bengaluru-based school communication platform Uolo Technologies has raised $3 Mn in Pre-Series A funding led by Omidyar Network India and Blume Ventures
  • Singapore-based B2B sales productivity startup Nektar.ai has raised seed funding of $2 Mn led by Nexus Venture Partners
  • Kolkata-based healthtech startup iKure has raised an undisclosed amount of funding from Ratan Tata
  • Pune-based omnichannel electronics retail platform Gabbardeals has acquired Pune-based SaaS firm InstaOne Software for an undisclosed amount

Ecosystem Weekly | 8th Nov ’20

November 8, 2020

Saudi Arabia’s PIF invests Rs 9,555 Cr in Reliance Retail
Billionaire Mukesh Ambani-run Reliance Industries’ retail arm on Thursday raised Rs 9.5K Cr from PIF of Saudi Arabia, taking the total fundraise in the last two months to Rs 47K Cr.
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TPG, Temasek-backed Manipal Hospitals to acquire Columbia Asia’s India ops
Multi-speciality healthcare provider and operator Manipal Hospitals has announced that it will fully acquire Columbia Asia Hospitals Pvt Ltd, just weeks after reports suggested that the two were in advanced acquisition talks.
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Startup News Snippets

M&A News

Market Pulse

  • Bengaluru-based AI-based marketing cloud startup PyxisPM has raised $7 Mn in Series A funding led by Chiratae Ventures, Pi Ventures and Exfinity Venture Partners
  • Bengaluru-based e-commerce startup Glowroad has raised $7 Mn funding from Accel and Vertex Ventures
  • Gurugram-based fintech company One MobiKwik has raised $6 Mn from Hindustan Media Ventures
  • Vadodara-based electric vehicle charging startup CHARGE+ZONE has raised $3 Mn in pre-Series A round led by Venture Catalysts
  • Gurugram-based education technology firm Stones2milestones has raised $3 Mn in bridge funding led by existing investor Unreasonable Capital and Goldhrish Foundation
  • Mumbai-based quick service restaurant startup Charcoal Eats has raised $2 Mn in funding round led by Lokmat Investments

Ecosystem Weekly | 1st Nov ’20

November 1, 2020

Aurobindo Pharma to sell US-based nutritional firm Natrol for $550 Mn
Aurobindo Pharma Ltd has agreed to sell its American nutritional supplement making unit Natrol for $550 Mn, six year after buying the company.
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Pidilite to acquire Araldite maker Huntsman’s India unit for $284 mn
Pidilite Industries has agreed to acquire the India unit of US-based Huntsman Group that makes adhesives and sealants under brands such as Araldite and Araseal.
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Startup News Snippets

M&A News

Market Pulse

  • Bengaluru-based tech platform delivering digital solutions for blue-collar workforce management throughout the value chain Betterplace has raised $10 Mn in Series B funding led by Jungle Ventures
  • Bangaluru-based B2B Retail-tech firm Arzooo has raised $8 Mn in Series A funding led by WRVI Capital
  • New Delhi-based agritech supply chain and trade finance firm Origo had raised $5 Mn debt funding from Northern Arc Capital
  • San Francisco-based global virtual events platform Hubilo has raised $5 Mn in seed funding led by Lightspeed Venture Partners
  • Mumbai-based fintech startup focused on the supply chain finance segment CredAble raised $5 Mn in follow-on funding from its existing investors — Oaks Asset Management and V’Ocean Investment
  • Bengaluru-based live online teaching platform Teachmint has raised $4 Mn seed funding led by Lightspeed India

 

Ecosystem Weekly | 25th Oct ’20

October 25, 2020

Flipkart to invest over $200 Mn in Aditya Birla Fashion
Flipkart Group will invest $204 Mn in Aditya Birla Fashion and Retail, as the Walmart Inc.-owned online retailer attempts to strengthen its offline presence.
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Ex-Tesla CIO founded Tekion enters the unicorn club with $150M Series C round
Tekion, an automotive industry-focused technology startup founded by Jay Vijayan, the former CIO of Tesla, has entered the unicorn club with its latest Series C funding round.
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Startup News Snippets

M&A News

Market Pulse

  • Bengaluru-based daily fantasy sports and true Esports gaming app GoodGamer has raised $3 Mn in seed funding led by an undisclosed group of investors
  • Mumbai-based quiz-based learning startup Genius Teacher has raised $2 Mn in angel funding from Abhijit Bose (WhatsApp CEO, India), Kunal Shah (CEO, CRED), Sandeep Tandon (Co-founder, Freecharge), Dhruv Agarwal (CEO, Proptiger), Justin Sway (CEO, MMOne Online), Dan Lapus (Co-Founder, Cvent), Nimish Kampani (President, Let’s Venture), Gaurav Gupta (ex-VP, Snapdeal), Bikram Bedi (ex-MD AWS India) and Farooq Adam (Co-Founder, Fynd)
  • Mumbai-based cosmetics startup SUGAR Cosmetics has raised $2 Mn in Series C funding led by Stride Ventures
  • Mumbai-based over-the-top streaming and subscription video-on-demand service ALTBalaji has acquired 18% stake in Mumbai-based celebrity digital engagement platform Tring for $2 Mn
  • Bengaluru-based MedTech startup InnAccel Technologies has raised $2 Mn in pre-Series A funding led by Mount Judi Ventures
  • Gurugram-based enrolment automation platform NoPaperForms has acquired Mumbai-based schools-focussed admission firm Intelliadmissions for an undisclosed amount

Ecosystem Weekly | 18th Oct ’20

October 18, 2020

Wipro to acquire American engineering services firm Eximius for $80 mn
Wipro Ltd, India’s third-largest software services exporter, has agreed to acquire California-headquartered Eximius Design for $80 million (Rs 585-590 as per current exchange rates) in an all-cash deal.
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Zomato raises $52M from US-based Kora Investments, to raise more before IPO
Gurugram-based foodtech unicorn Zomato has received a fresh tranche of $52 million in its ongoing Series J round from US-based Kora Investments.
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Startup News Snippets

M&A News

Market Pulse

  • Bengaluru-based online fitness startup TREAD has raised $1 Mn in Pre-Seed funding from Unacademy founders Gaurav Munjal, Roman Saini, and Hemesh Singh; Udaan Co-founder Sujeet Kumar; CRED Founder Kunal Shah; Citruspay Founder Amrish Rau; MPL founders Sai Srinivas and Shubh Malhotra; Jupiter Founder Jitendra Gupta; and RedBus founder Phanindra Sama
  • Bengaluru-based premium tea brand TeaMonk has raised $885K in Pre-Series A funding led by Inflection Point Ventures, Sarcha Ventures and Lead Angels
  • Pune-based contract digitisation startup Renewate Infrastructure has raised $272K in pre-seed funding from Better Capital
  • Bengaluru-based foodtech startup Anveshan has raised $153K in pre-seed funding funding led by Titan Capital
  • Bengaluru-based fruits and vegetables brand Gourmet Garden has raised an undisclosed amount in pre-series A funding from Incubate Fund India and Whiteboard Capital
  • Chennai-based AI video analytics startup Tango Eye has raised an undisclosed amount in seed funding from Lenskart

 

Ecosystem Weekly | 11th Oct ’20

October 11, 2020

ADIA invests Rs 5,512.5 Cr in Reliance Retail for 1.2 pc stake
Reliance Retail Ventures Ltd, run by India’s richest man Mukesh Ambani, raised Rs 5,512.50 crore from Abu Dhabi Investment Authority (ADIA), taking the total to fundraise to Rs 37,710 crore in less than four weeks.
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Infosys to snap up Blue Acorn iCi in fourth takeover of 2020
Infosys Ltd, India’s second-largest software services provider, said Thursday it will acquire US-based digital customer experience company Blue Acorn iCi Group for up to $125 million.
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Startup News Snippets

M&A News

Market Pulse

  • Kochi-based startup Livve has raised $2 Mn in seed funding from undisclosed angel investors
  • Noida-based agritech startup Unnati has raised $2 Mn in Pre-Series A funding from NABVENTURES and Angel investor Sumeet Seraf
  • Chennai-based SaaS startup delivering learning and development solutions using AI Disprz has raised $2 Mn from Auctus Capital
  • California-based AI powered data analytics Monet Networks has raised $500K in bridge funding led by SenseAI Ventures
  • Gurugram-based legaltech startup MikeLegal has raised undisclosed seed funding from SOSV and Artesian
  • Bengaluru-based game-based assessment and recruitment platform for gig workforce PakkaProfile has raised undisclosed seed funding led by Java Capital

Ecosystem Weekly | 04th Oct ’20

October 4, 2020

Walmart eyes large stake in Tata’s super app
Walmart Inc., the majority stakeholder in online retailer Flipkart, is looking to take up a large stake in the proposed super app of the Tata group.
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Mubadala picks up 1.4% stake in Reliance Retail for Rs 6,247.5 Cr
Abu Dhabi-based sovereign wealth fund Mubadala Investment will invest Rs 6,247.5 crores for a 1.4 percent stake in Reliance Retail.
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Startup News Snippets

M&A News

Market Pulse

  • Bengaluru-based online grocer Bigbasket will raise $400 Mn from Temasek, Tybourne Capital and Generation Investment Management
  • Gurugram-based academic group Sunstone Eduversity has raised $3 Mn in Series A funding led by Saama Capital
  • Bangalore-based cleantech startup GPS Renewables has raised $3 Mn in Series A funding led by Netherlands-based Hivos-Triodos Fund and Hyderabad-based Caspian
  • Ahmedabad-based retail chain Osia Hyper Retail has acquired 51% stake in Ahmedabad-based Infibeam Logistics for $3 Mn
  • Japan-based construction equipment manufacturer Kyokuto Kaihatsu Kogyo has acquired Bengaluru-based manufacturer of special-purpose vehicles Satrac Engineering for an undisclosed amount
  • Gurugram-based online marketplace for new and used vehicles Droom Technology has acquired Delhi-based augmented reality (AR) startup Visiolab Ideas for an undisclosed amount

Ecosystem Weekly | 27th Sept ’20

September 27, 2020

MR Infrastructure to sell stake in Kakinada SEZ for $354 Mn
GMR Infrastructure is selling its entire stake in a company that is building a port-based special economic zone in Andhra Pradesh for  $354 Mn as part of efforts to cut debt.
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HCL Technologies to acquire Australian IT firm DWS
Noida-based software services major HCL Technologies will acquire Australian information technology and business consulting company DWS Ltd for $118.6 Mn in cash.
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Startup News Snippets

M&A News

Market Pulse

  • Chennai-based enterprise debt platform Vivriti Capital has raised $14 Mn led by Creation Investments
  • Bengaluru-based jewellery startup Melorra has raised $12 Mn from Symphony Asia, Lightbox Ventures, and Alteria Capital
  • Mumbai-based after-sales services startup Onsitego has raised $10 Mn in Series B funding from IFC
  • Mumbai-based skincare brand mCaffeine has raised $6 Mn in Series B funding from Amicus Capital, RPSG Ventures, and Aman Gupta
  • Kerala-based healthtech startup BestDoc has raised $2 Mn in pre-series A funding from Arkam Ventures
  • Mumbai-based Reliance Retail will acquire part or all of UK-based retailer Debenhams

Ecosystem Weekly | 20th Sept ’20

September 20, 2020

Dream11 parent raises $225 Mn from Tiger Global, TPG, ChrysCapital, others
Dream11’s parent company Dream Sports on Monday announced it raised $225 Mn in a primary and secondary investment, led by Tiger Global Management, TPG Tech Adjacencies (TTAD), ChrysCapital, and Footpath Ventures.
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EverSource Capital plans to buyout Azure Power’ entire solar rooftop portfolio for around $112 Mn
In what may rank among the largest solar rooftop deals in India, EverSource Capital plans to buy out the entire 167 MW solar rooftop portfolio of NYSE-listed Azure Power Global for around $112 Mn.
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Startup News Snippets

M&A News

Market Pulse

  • Delhi-based vernacular gaming platform WinZO has raised $18 Mn in Series B from Makers Fund and Courtside Ventures
  • Bengaluru-based fintech startup Avail Finance has raised $11 Mn in Series B from Alpha Wave Incubation
  • Bengaluru’s technology-based home interiors service provider HomeLane has raised $8 Mn in a bridge round from Stride Ventures and other existing investors
  • Bengaluru-based global recruitment platform for blue/gray collar workforce Apna.co has raised $8 Mn in Series A funding from Lightspeed India and Sequoia Capital India
  • Bengaluru-based AI-powered emotional intelligence platform Entropik Tech has raised $8 Mn in Series A funding from Alpha Wave Incubation
  • New Delhi-based Oncquest Laboratories has acquired a large diagnostics lab in Gurugram from Strand Life Sciences as part of its plans to expand its operations in India
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