Ecosystem Weekly | 29nd Aug’21
Zetwerk enters unicorn club after raising $150M
B2B manufacturing startup Zetwerk raised $150 million in Series E round at a valuation of $1.33 billion, making it the latest entrant to the unicorn club. The firm also claims to have become profitable on EBITDA level.
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Khatabook raises $100M Series C funding round
Bengaluru-based fintech startup KhataBook has raised $100 million in Series C funding, at a valuation of $600 million. The round was led by Tribe Capital and Moore Strategic Ventures (MSV).
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Startup News Snippets

M&A News

Market Pulse
- Delhi-based fintech startup BharatPe has raised $27 million in debt funding from IIFL Wealth and Asset Management and Northern Arc Capital
- Chandigarh-based agritech startup AgNext Technologies has raised $21 million in Series A funding from Alpha Wave Incubation, Omnivore and Kalaari Capital
- Bengaluru-based financing platform Klub has raised $20 million in seed funding from 9Unicorns, Surge, Alter Global and GMO Venture Partners
- Delhi-based NBFC SATYA MicroCapital has raised $18 million in funding from responsAbility Investments and BlueOrchard Finance Limited
- Bengaluru-based healthtech Ultrahuman has raised $18 million in Series B funding from Alpha Wave Incubation, Scott Schleifer, Sandeep Singhal, Kunal Shah, Sujeet Kumar, Deepinder Goyal, Gunjan Patidar, Gaurav Munjal, Revant Bhate, Mohit Gupta, Vikram Dhingra and Roman Saini


Fintech platform Pine Labs announces $600M round led by Fidelity and BlackRock
MTG acquires India-based PlaySimple; Chiratae, Elevation Capital exit

Urban Company enters unicorn club with $2B valuation, following $188M fund raise
upGrad raises $120 M from Temasek
