Ecosystem Weekly | 25th April ’21
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
SoftBank is in advanced talks on investing around $450 million (around Rs 3,348 crore) in the food ordering and delivery platform Swiggy.
TReDS platform M1xchange on Thursday said it has raised $10 million in funding, led by ecommerce major Amazon. The funding round also saw participation from BEENEXT and existing investor, Mayfield, a statement said.
Bengaluru-based hyperlocal delivery platform Swiggy has raised $800 million in funding. According to the Registrar of Companies (RoC) filing by the company, the round was led by Falcon Edge, Amansa Capital, Think Investments, Carmignac, and Goldman Sachs.
Thursday said it raised $502 million in its latest round led by Lightspeed Ventures and Tiger Global, along with participation from Snap Inc, Twitter, and India Quotient, among others.
Adani Transmission has signed an agreement to acquire Warora-Kurnool Transmission from the infrastructure unit of Essel group.
Edtech unicorn BYJU’S has raised Rs 3,328.23 crore ($460 million approximately) as part of its ongoing Series F funding round led by MC Global Edtech Investment Holdings at a valuation north of $13 billion.
Adani Ports and Special Economic Zone (APSEZ) has said it will acquire the 58.1% stake held in Gangavaram Port by the DVS Raju family for Rs 3,604 crore (around $498 million).
Fantasy sports unicorn startup Dream Sports, which owns the flagship brand Dream11, has raised $400 million in second investment led by TCV, D1 Capital Partners, and Falcon Edge.
Gurugram-based Policybazaar’s UAE arm has raised funding of $75 million in a round led by Falcon Edge Capital to expand its business in UAE and the Middle East. YourStory’s sources have confirmed the development.
Pune based IT (information technology) services major Tech Mahindra on Monday announced it has acquired 70% stake in pharmaceutical packaging artwork, BPO and digital solutions provider Perigord Asset Holdings for 21 million euros (about $25 million at current exchange rate).
Mumbai-based online insurance platform Turtlemint on Tuesday said it has raised a fresh round of growth financing from Singapore-based Jungle Ventures, bringing its Series D fundraise to $46 million.
NODWIN Gaming, a subsidiary of Nazara Technologies, has raised Rs 164 crore (approximately $22.5 million) from Krafton, the South Korean developer of PUBG.
Chennai-based digital debt platform Northern Arc on Tuesday announced it has received $50 million in debt financing from US International Development Finance Corporation (DFC).
Open-source distributed SQL database Yugabyte announced a $48 million funding round, led by Lightspeed Venture Partners with participation from Greenspring Associates, Dell Technologies Capital, Wipro Ventures, and 8VC.
Info Edge on Monday said its investee company Zomato has raised $250 million (over Rs 1,800 crore) in funding from Tiger Global, Kora, and others, valuing the online food ordering platform at $5.4 billion.
Infra Market joins the unicorn club, raises $100 million in a Series C round led by Tiger Global. The new fund raise will enable Infra. Market to enhance its technological offerings, seed newer markets and advance their initiatives.
Tata Group plans to acquire 68% stake in BigBasket for Rs 9,500 crore
Fintech lending startup KreditBee raised $75 Million in Series C funding round
