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Ecosystem Weekly | 3rd May '20

May 3, 2020
M&A-minded Piramal near $500M deal to sell pharma stake to KKR

India’s Piramal Enterprises may sell a 20% minority stake in the pharma unit—a slice valued at $500 million—to private equity giant KKR & Co.
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Paytm in funding talks with Microsoft to build war chest
The proposed fundraise, which may amount to around $100 million is likely to be an extension of a planned $1 Bn fundraising that the company had initiated last year.
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Startup News Snippets

M&A News

Market Pulse

  • Delhi-based technology platform for rooftop solar energy solutions for industry, SMEs/MSMEs, and homes MYSUN has raised $4 Mn as a part of its Pre-Series A round from General Catalyst & existing investors
  • SaaS platform which allows Facebook community admins to manage their groups Convosight has raised $4 Mn in its pre-Series A round from IvyCap Ventures and Sequoia Capital’s accelerator programme called Surge
  • Fintech startup offering small-ticket loans to blue and grey-collared workers via its mobile app and website NIRA has raised $2 Mn in Pre-Series A round from existing & new angel investors in the UK, Europe, and India
  • Pune-based online fitness startup Fittr has raised $2 Mn in pre-series A round from Sequoia Capital’s accelerator programme called Surge
  • OncoSeek Bio incubated at the University of Hyderabad has been selected for Covid-19 funding by the Biotechnology Industry Research Assistance Council (BIRAC) to develop an in vitro Lung Organoid model
  • Gurugram-based startup incubator Huddle has launched an incubation Program inviting early-stage and growth-stage ventures offering innovative solutions to combat the challenges posed by the Covid-19 pandemic

Funding in Post-Covid world

April 28, 2020

Abhishek, one of the investors and senior mentors for Ecosystem Ventures, presented his views on two separate forums earlier today, with a combined audience of 700+ across India.
Here are a few slides from his presentation:
 

Ecosystem Weekly | 26th Apr '20

April 26, 2020
Facebook to buy minority stake in Reliance’s Jio Platforms for $5.7 bn

Facebook Inc. will invest $5.7 Bn in the digital business of Reliance Industries Ltd, a deal that will help the social media giant expand its India presence and allow the oil-to-retail conglomerate to cut its huge debt pile.
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Delhi-based NBFC DMI raises $123M from South Korean gaming company Nexon
Delhi-based NBFC DMI Group has raised funding of $123 million from South Korean gaming company Nexon (NXC Corporation). This round of equity is led by DMI Limited, the holding company of the Indian lending arms of DMI.
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Startup News Snippets

M&A News

Market Pulse

  • Bengaluru-based global biopharma startup designing novel broad-spectrum antibiotics Bugworks Research has raised $8 Mn from University of Tokyo Edge Capital, Japan and Global Brain Corporation, Japan, and Acquipharma Holdings, South-Africa
  • Bengaluru-based online tutoring platform Vedantu Innovations has raised $7 Mn as part of its extended Series C round from South Korea’s KB Global
  • IT security solutions startup Indusface has raised $5 Mn from Tata Capital Growth Fund II. The funding will be used by Indusface for global customer acquisition and product innovation
  • Chennai-based API platform YAP has raised $4.5 Mn in its Series A round from BEENEXT, 8i Ventures Fund, The DMI Group via its AIF vehicle The Sparkle Fund, Better Capital, and HNIs
  • Bengaluru-based Poncho Hospitality which operates cloud kitchen platform Box8 has raised $4 Mn as part of its ongoing Series C funding round from Mayfield and IIFL Seed Ventures Fund
  • Motilal Oswal Real Estate, the real estate arm of private equity firm Motilal Oswal Private Equity has closed its India Realty Excellence Fund IV at $151 Mn

Ecosystem Weekly | 19th Apr '20

April 19, 2020

Zee to infuse $68.4 mn in tech arm SugarBox
Mumbai headquartered media major Zee Entertainment Enterprises has announced its plans to invest $68.4 million in its arm Margo Networks, which operates content distribution platform under the brand name SugarBox.
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Sequoia India bets more on Indonesian logistics startup Kargo
Kargo Online System PT, which operates Indonesian freight logistics marketplace Kargo Technologies, has raised $31 million in a Series A funding round.
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Startup News Snippets

M&A News

Market Pulse

  • Bengaluru-based AI chatbot startup Yellow Messenger has raised $20 Mn in Series B funding from Lightspeed Venture Partners and Lightspeed India Partners
  • Chennai-based non-banking financial company Shriram Transport Finance a part of the larger Shriram Group has raised $20 Mn in debt capital from development bank of Austria OeEB
  • US-based multinational software services company Autodesk will acquire a minority stake in the US- and Bengaluru-based Aurigo Software Technologies for an undisclosed amount
  • Mumbai-based on-demand logistics marketplace Porter has raised $18 Mn in Series D funding from Lightstone Global Fund. Porter works with FMCG, SMEs, traders, 3PLs, courier, & cargo firms
  • Bengaluru-based fintech lending startup Capital Float has raised $15 Mn from Ribbit Capital, Amazon, SAIF Partners, and Sequoia Capital India to expand its lending operations
  • Bengaluru based fintech startup Setu raised $15 Mn in Series A funding from Falcon Edge, Lightspeed Venture Partners US, Lightspeed India Partners, and Bharat Inclusion Seed Fund

Ecosystem Weekly | 12th Apr '20

April 12, 2020

Reliance Industries invests $66 Mn in edtech startup Embibe
Bengaluru-based edtech startup Embibe reported that it received a funding of nearly $66 Mn from its existing investor and shareholder Reliance Industries.
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Alibaba invests $50 million in BigBasket’s bridge round
Last year, BigBasket had raised $150 million led by Mirae Asset-Naver Asia Growth Fund, UK government-owned CDC Group, and existing backers like Alibaba.
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Startup News Snippets

M&A News

Market Pulse

  • Bengaluru-based online edtech startup Vedantu has raised $13 Mn as a part of its Series C1 round from Chinese venture firm Legend Capital and Omidyar’s Ohana Holding
  • Japan-based M3 has acquired the healthcare market research business of Bengaluru-based Manthan Software Systems for an undisclosed amount
  • Gurugram and Patna-based agritech platform DeHaat has raised $12 Mn in Series A funding round from Sequoia Capital, FMO, Omnivore & AgFunder
  • Skill-based gaming startup Zupee has raised $8 Mn in its Series A round from Matrix Partners India, Falcon Edge Capital, WestCap Group, Orios Venture Partners and Smile Group
  • Mumbai-based edtech startup Lido Learning, that focuses on live online tutorials, has raised $8 Mn in Series B round from Ant Financial-backed BAce Capital and existing investors
  • Hyderabad-based technology-enabled supply chain platform Akna Medical  has raised $7 Mn from LGT Lightstone Aspada

Ecosystem Weekly | 5th Apr '20

April 5, 2020

MedGenome Raises $55 Mn In Fresh Funding To Expand In Tier 2-3 Markets
Bengaluru-based health-tech startup MedGenome has raised $55 Mn in a fresh funding round. The investment has been reportedly led by LeapFrog Investments.
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Unicorn India Ventures has announced the first close of its $52 Mn Fund II with a corpus of $12 Mn
The fund will be used to invest in early-stage startups, in Pre-Series A and Series A rounds, across several sectors.
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Startup News Snippets

M&A News

Market Pulse

  • Bengaluru-based fintech startup Recko has raised $6 Mn from Vertex Ventures and Prime Venture Partners.
  • Aster DM Healthcare has sold its Kuwait subsidiaries, Aster Kuwait Pharmaceuticals & medical equipment firm WLL to Pharmazone and Palestine Pharmacy Company for an undisclosed amount
  • Bengaluru-based agritech supply chain startup Ergos has raised $5 Mn in a Series A funding round from Aavishkaar Group’s equity investment arm Aavishkaar Capital
  • Gurugram-based edtech startup focused on building a global online school for K-12 Camp K12 has raised $4 Mn in a seed funding round from Matrix Partners India and SAIF Partner
  • Mumbai-based Tapits Technologies which owns and operates fintech startup Fingpay has raised $4 Mn in a Series A funding round from IvyCap Ventures
  • Mumbai-based edtech startup Lido Learning has raised $3 Mn in Series B funding from Rocket Internet founder Alex Samwer-backed Picus Capital and Paytm president Madhur Deora

Ecosystem Weekly | 29th Mar '20

March 29, 2020

NTPC to buy out govt from two hydel firms for $1.54 Bn
India’s largest power producer, govt-owned NTPC Ltd, has said it will acquire entire central govt stakes in two hydropower companies THDC India Ltd & NEEPCO for $1.54 Bn
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Kubota Corp buys 10% stake in Escorts for $139 Mn
Kubota Corporation (Kubota), a leading global tractor and machinery manufacturer from Japan, will acquire 10% equity stake, on a post capital reduction basis, in Escorts Ltd. (Escorts), a leading engineering conglomerate in India
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Startup News Snippets

M&A News

Market Pulse

  • Mumbai-based Checkers India Technology which operates B2B platform Excess2Sell has raised $1 Mn in funding from Gautham Madhavan, an angel investor & a director at Florintree Advisors
  • Pune-based IT firm Nihilent has acquired cross-disciplinary advertising platform Hypercollective, operated by Hyper Collective Creative Technologies for an undisclosed amount
  • Hyderabad-based education services startup Univariety which is operated by International Educational Gateway will raise $1 Mn from Info Edge the parent of jobs portal Naukri.com
  • The India team of the US-based PE firm TA Associates will acquire a stake in Accion Labs a software engineering product company focused on emerging technologies for an undisclosed amount
  • Bengaluru-based SME-focused fin-tech Rupifi has raised an undisclosed amount as part of its pre-seed funding from Ashneer Grover, Kunal Shah, and other angel investors
  • Bengaluru-based online grocery platform BigBasket, operated by Supermarket Grocery Supplies has fully acquired Bengaluru-based micro-delivery startup DailyNinja for an undisclosed amount

Ecosystem Weekly | 22nd Mar '20

March 22, 2020

ArcelorMittal, Nippon Steel sign $5.15 bn loan pact to refinance Essar Steel buy
Japan’s biggest steelmaker Nippon Steel Corp said that its joint venture with ArcelorMittal has signed a $5.15 Bn loan agreement with Japanese banks, including Japan Bank for International Cooperation.
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OYO receives infusion of $807M from SoftBank and RA Hospitality Holdings
Hospitality unicorn OYO Hotels & Homes has revived a tranche of $807 million of its Series F round of $1.5 billion it announced in October last year. The fresh tranche has come from existing investors SoftBank and Founder Ritesh Agarwal-owned RA Hospitality Holdings
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Startup News Snippets

M&A News

Market Pulse

  • Bengaluru-based consumer lending startup SmartCoin has raised $7 Mn in Series A funding led by LGT Lightstone Aspada, Unicorn India Ventures and Accion Venture Lab
  • Singapore-based AnyMind Group has fully acquired app-developer-focussed mobile video advertising and monetization platform Pokkt for an undisclosed amount
  • Mumbai-based SaaS platform Peel-Works has raised $4 Mn from CESC Ventures. The money was raised by issuing debentures, equity and Series C and Series D preference shares
  • US-based application management software & systems for Linux & Windows servers provider Idera has acquired JS tools & charting components provider FusionCharts for an undisclosed amount
  • Mumbai-based online marketplace Craftsvilla has raised $4 Mn in multiple tranches, from June 2019 to March 2020, from its Singapore-based parent company Supera Investments
  • Urbanclap Technologies India has acquired the assets of a Sydney-based on-demand beauty services startup Glamazon for an undisclosed amount

Ecosystem Weekly | 15th Mar '20

March 15, 2020

Northern Arc Announces First Close Of India Impact Fund At $23 Mn
Debt fund management company Northern Arc Investments has announced the first closing of its latest fund – Northern Arc India Impact Fund – at $23 Mn
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STRIVE Closes Fund III At Over $100 Mn To Invest In B2B Startups
Tokyo-based venture capital firm STRIVE has announced the final close of its third fund — STRIVE III — at over $100 Mn to continue its investment spree in India, Southeast Asia and Japan
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Startup News Snippets

M&A News


 
 
 
 
 
 

Market Pulse

  • Delhi-based post-harvest agritech startup Arya has raised $6 Mn pre-Series B funding from Omnivore and LGT Lightstone Aspada to accelerate the growth of its Agri storage network
  • San Francisco – and Bengaluru-based fintech platform for Indian students pursuing international higher education Leap Finance has raised $6 Mn from Sequoia Capital
  • Gurugram-based fintech marketplace offering products for small business owners, Chqbook.com has raised $5 Mn in Series A funding from Aavishkaar Capital
  • Ecommerce platform for beverages and snacks Paper Boat has raised $4 Mn in two different rounds from Advent Management, A91 Emerging Fund, and Trifecta Venture
  • US-based VC firm Lightspeed Venture Partners that have invested in Indian Unicorn startups BYJU’s and OYO, will close its third India focussed fund at $250 Mn to $300 Mn
  • The Reserve Bank of India has outlined a scheme to revive Yes Bank that proposes State Bank of India purchasing a stake of up to 49% to bail out the beleaguered private-sector lender

Ecosystem Weekly | 8th Mar '20

March 8, 2020

RTP Global Announces $650 Mn Fund III To Back Startups Globally
RTP Global is planning to invest in startups primarily in their Series A rounds and is expected to back startups in mobility, AI, SaaS, fintech, foodtech, healthtech, proptech, insurtech and sports-tech sectors.
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Quadria Capital Closes Fund II At Over $400 Mn To Invest In Healthtech Startups
The Singapore-based fund has raised the capital from leading global asset managers, pension funds, sovereign wealth funds, insurance, healthcare corporates & development finance institutions.
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Startup News Snippets

M&A News

Market Pulse

  • Delhi-based post-harvest agritech startup Arya has raised $6 Mn pre-Series B funding from Omnivore and LGT Lightstone Aspada to accelerate the growth of its agri storage network
  • San Francisco – and Bengaluru-based fintech platform for Indian students pursuing international higher education Leap Finance has raised $6 Mn from Sequoia Capital
  • Gurugram-based fintech marketplace offering products for small business owners, Chqbook.com has raised $5 Mn in Series A funding from Aavishkaar Capital
  • Ecommerce platform for beverages and snacks Paper Boat has raised $4 Mn in two different rounds from Advent Management, A91 Emerging Fund, and Trifecta Venture
  • US-based VC firm Lightspeed Venture Partners that have invested in Indian Unicorn startups BYJU’s and OYO, will close its third India focussed fund at $250 Mn to $300 Mn
  • The Reserve Bank of India has outlined a scheme to revive Yes Bank that proposes State Bank of India purchasing a stake of up to 49% to bail out the beleaguered private-sector lender
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