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:
Facebook to buy minority stake in Reliance’s Jio Platforms for $5.7 bnFacebook 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.
Read More
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.
Read More
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.
Read More
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.
Read More
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.
Read More
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.
Read More
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.
Read More
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.
Read More
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
Read More
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
Read More
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.
Read More
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
Read More
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
Read More
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
Read More
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.
Read More
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.
Read More
Tech Mahindra will acquire Zen3 Infosolutions for $64 Mn
Indian Multinational subsidiary of the Mahindra Group, Tech Mahindra will acquire the American and Indian unit of US-based AI and Machine learning firm Zen3 for $64 Mn
Read More
Delhi headquartered Rupeek has raised $60 Mn Series C funding
Delhi-headquartered digital gold loans startup Rupeek has raised $60 Mn Series C funding from GGV Capital, Bertelsmann India Investments, Binny Bansal, KBIC, Tanglin Venture Partners, Sequoia India and Accel Partners
Read More
