Tag: M&A

Ecosystem Weekly | 13th Mar’22

March 13, 2022

BYJU’s valuation jumps to $22B; Founder Raveendran leads $800M round
The fresh funding round, which saw participation from Sumeru Ventures, Vitruvian Partners, and BlackRock, has valued edtech major BYJU’s at an estimated $22 billion.
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Fintech startup CredAvenue enters unicorn club with $137M funding
Fintech startup CredAveneu’s valuation jumped nearly 3X after the Series B round of funding, which was led by Insight Partners, B Capital, and Dragoneer.
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Startup News Snippets

M&A News

Market Pulse

  • Mumbai-based audio content platform Kuku FM has raised $20 million in Series B funding led from Krafton, 3one4 Capital, Vertex Ventures, India Quotient, Founder Bank Capital and Verlinvest
  • Chennai-based neobanking solution provider CredoPay has raised $5 million in Pre-Series A funding from EzSwype LLC and Zent International Limited
  • Bengaluru-based AI-driven personal care brand CureSkin has raised $5 million in Series A from JSW Ventures, Sharrp Ventures, SenseAI and other HNIs
  • Ahmedabad-based esports gaming platform Gamerji has raised $1 million in Pre-Series A funding from Unicorn India Ventures, Stadia Ventures, Urmin Group family office and other HNIs
  • New Delhi-based B2B logistics tech platform Oorjaa has raised $1 million in Funding from Inflection Point Ventures and other HNIs

Ecosystem Weekly | 27th Feb’22

February 27, 2022

Healthcare startup MediBuddy raises $125M in Series C round
Bengaluru-based MediBuddy said it will use the capital to invest in customer awareness, hiring, strengthening technology platforms including data science capabilities, clinical research, and product development.
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Digital bank Niyo raises $100M from Accel and Lightrock India
Bengaluru-headquartered Finnew Solutions, which owns and operates consumer facing neobank, NIYO SOLUTIONS, has raised $100 million in a Series C round of funding from Acceland LightrockIndia.
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Startup News Snippets

M&A News

Market Pulse

  • Mumbai-based pharmaceutical company V-Ensure has raised $17 million in Funding from Investcorp and Tanas Capital
  • Mumbai-based interior designing startup Arrivae has raised $10 million in Series B funding from Think Investments and Emerge capital
  • Gurugram-based millet food startup Wholsum Foods has raised $7 million in Funding from Investment Corporation of Dubai and Fireside Ventures
  • Gurugram-based rural social network Krishify has raised $6 million in Pre-Series A funding from Omnivore, Ankur Capital, Omidyar Network India and Orios Venture Partners
  • Bengaluru-based computer vision and Edge AI space SandLogic has raised $4 million in pre-Series A funding from Sanjay Singhania, Sai Kumar and other HNIs

Ecosystem Weekly | 20th Feb’22

February 20, 2022

Uniphore raises $400M in Series E, joins unicorn club with $2.5B valuation
Uniphore, a Chennai and California-based conversational automation startup, on Wednesday, announced it has raised $400 million in a Series E round of funding.
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Jio Platforms to invest $200M in InMobi’s Glance
Glance on Monday said it has agreed to raise $200 million from Jio Platforms Limited in its Series D round of funding. The transaction is subject to the satisfaction of customary closing conditions and regulatory approvals.
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Startup News Snippets

M&A News

Market Pulse

  • Mumbai-based house of D2C brands Join Ventures has raised $10 million in Series A funding from DSG Consumer Partners, Rajiv Dadlani Group, 9Unicorns and Venture Catalysts
  • Gurgaon-based agritech startup AGRIM has raised $10 million in Series A funding from Kalaari Capital, Omnivore, India Quotient and Accion Venture Lab
  • Kochi-based edtech firm Entri has raised $7 million in Series A funding from Omidyar Network India, Innospark Ventures and Integrated Capital
  • Bengaluru-based healthtech startup Proactive For Her has raised $6 million in Series A funding from Vertex Ventures SEA and India and Nexus Venture Partners
  • Bengaluru-based enterprise SaaS platform Actyv.ai has raised $5 million in Pre-Series A funding from 1Digi

Ecosystem Weekly | 13th Feb’22

February 13, 2022

Polygon raises $450 million from SoftBank, Tiger, and others in a token sale
Ethereum scaling project Polygon has raised $450 million in a private token sale.  Sequoia Capital India led Polygon’s fundraise, with more than 40 other investors participating, including SoftBank Vision Fund 2, Tiger Global, Alan Howard, Kevin O’Leary.
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ElasticRun becomes 7th unicorn of 2022, raises $300M from SoftBank at $1.5B valuation
ElasticRun, a B2B ecommerce startup that supplies goods to kiranas, has raised $300 million in its Series E funding round at a $1.5 billion valuation from investors such as SoftBank and Goldman Sachs, it said in a regulatory filing late Monday evening.
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Startup News Snippets

M&A News

Market Pulse

  • Bangalore-based virtual event and engagement platform Airmeet has raised $35 million in Series B funding from Prosus Ventures, Sistema Asia Capital, RingCentral Ventures, KDDI Open Innovation Fund, DG Daiwa Ventures and consultancy firm Nexxus Global
  • Bangalore-based tech tools provider xto10x has raised $25 million in Series A funding from Binny Bansal and other HNIs
  • Bangalore-based clinical-stage multi-indication therapeutics startup Bugworks has raised $18 million in Series B1 funding from Lightrock India, UTEC, Global Brain Corporation, 3ne4 Capital, Acquipharma Holdings, IM Holdings and Featherlite Group
  • Bangalore-based fintech startup KarbonCard has raised $15 million in Series A funding from Olive Tree Capital, Harmony, Avenir Growth Capital, Ramp, Mercury and Orios Venture Partners
  • Ahmedabad-based beauty brand Renee Cosmetics has raised $10 million in Series A funding from Mensa Brands, Equanimity Investments and 9Unicorns

Ecosystem Weekly | 6th Feb’22

February 6, 2022

SaaS startup Chargebee raises $250M co-led by Tiger Global, Sequoia Capital and others
Chennai and San Francisco-based subscription management platform, Chargebee, on Tuesday announced the closing of a $250 million investment round co-led by Tiger Global and Sequoia Capital, along with returning investors including Insight Partners, Sapphire and Steadview Capital.
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Scaler raises $55M from Lightrock India, others
Tech upskilling Scaler (by InterviewBit) on Tuesday said it raised $55 million (about Rs 410 crore) in funding led by new investor Lightrock India. Existing investors, Sequoia Capital India and Tiger Global, also participated in the Series B round, a statement said.
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Startup News Snippets

M&A News

Market Pulse

  • Mumbai-based content platform Social Swag has raised $4 million in Funding from IMEF and Unicorn India Ventures
  • Bangalore-based information security compliance platform Scrut Automation has raised $3 million in Seed funding from Lightspeed India Partners and Endiya Partners
  • Noida-based blockchain gaming startup OneTo11 has raised $3 million in Seed funding from Oracles Investment Group, Maximus Capital, GDA Capital, Magnus Capital, NFT Technologies, Dutch Crypto Investors, Oracles Investment Group, International Blockchain Consulting, Jason Stone and Carl Runefelt
  • Gurgaon-based agritech startup MoooFarm has raised $2 million in Seed funding from Accel India, AgriFood fund and Navus Ventures
  • Pune-based logistics SaaS platform Logibricks has raised $2 million in Funding from Shiprocket

Ecosystem Weekly | 30th Jan’22

January 30, 2022

Swiggy raises $700M investment led by Invesco at a valuation of $10.7B
Foodtech unicorn Swiggy has raised $700 million in funding led by Invesco, six months after it raised $1.25 billion. Swiggy is now valued at $10.7 billion, up from its previous $5.5 billion.
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B2B marketplace Moglix’ valuation doubles after raising $250M
Moglix has raised $250 million in a Series F round of funding at a valuation of $2.6 billion.
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Startup News Snippets

M&A News

Market Pulse

  • Bengaluru-based healthcare startup Smiles.ai has raised $23 million in Series A funding from Alpha Wave Incubation, Sequoia Capital India, Chiratae Ventures, MBX Capital, Wami Capital, Peyush Bansal, Amit Chaudhary, Aakrit Vaish, Revant Bhate, Miten Sampat and Sambhav Rakhyan
  • Thane-based fintech startup Raise Financial Services has raised $22 million in Series A funding from BEENEXT, Mirae Asset Venture Investments, 3one4 Capital, Rocketship.vc, Sujeet Kumar, Vidit Aatrey, Sanjeev Barnwal and Jitendra Gupta
  • Hyderabad-based healthtech firm Stanplus has raised $20 million in Series A funding from HealthQuad, Kalaari Capital, HealthX Capital, Pegasus, Sandeep Singhal and Prashant Malik
  • Chennai-based PSA and RMM platform SuperOps.ai has raised $14 million in Series A funding from Addition, Tanglin Venture Partners, Matrix Partners, Elevation Capital, Giovanni Sanguily, Sidharth Malik, Noel Wax, Lisa Woods and Abhi Kumar
  • Mumbai-based Digital lending platform Kissht has raised $13 million in funding from Trifecta Capital and Northern Arc

Ecosystem Weekly | 23rd Jan’22

January 23, 2022

Tech Mahindra acquires CTC for €310 million
Indian information technology (IT) services company Tech Mahindra said on Monday it will acquire a 100 percent stake in Com Tec Co IT Ltd (CTC), an IT solutions and service provider with development centers in Latvia and Belarus, for €310 million (approx. Rs. 2620 crore).
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Reliance invests $132M in Tech50 2021 robot maker Addverb Technologies
Noida-headquartered robotics and automation solutions provider AddverbTechnologies — a YourStory Tech50 2021 startup — has raised $132 million from Reliance Industries Limited (RIL) in a strategic round of funding. Post the investment, RIL will be the single majority shareholder in the company.
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Startup News Snippets

M&A News

Market Pulse

  • Bengaluru-based short-video app Chingari has raised $15 million in Series A funding from Republic Capital, Onmobile, JPIN Venture Catalysts, Hill Harbour, Angellist, Venture Collective, Makan Family, Cowa Ventures, MVC Friends, Protocol Labs and other HNIs
  • New Delhi-based student housing company Your-Space has raised $10 million in Series A funding from Shantanu Rastogi, AJAX Capital, Holy Basil Consultancy, Sunidhi Group and Sanjaya Gupta
  • Mumbai-based HRtech startup has raised $10 million in funding from Tata Capital Growth Fund II
  • Bengaluru-based jewellry startup GIVA has raised $10 million in Series A funding from Sixth Sense Ventures, A91 Partners, India Quotient, Grand Anicut Angel Fund and FounderBank Capital
  • Mumbai-based healthtech startup Toothsi has raised $9 million in debt funding from Stride ventures

Ecosystem Weekly | 16th Jan’22

January 16, 2022

WayCool Foods closes $117-million funding round to push deeptech, automation
Agritech startup WayCool Foods has racked up $117 million in an ongoing Series D funding round that saw the participation of new and existing investors, including LightRock, LightBox, FMO, Lightsmith, World Bank’s International Finance Corp., Redwood Equity Partners and Gawa Capital.
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LEAD becomes the first edtech unicorn of 2022 after raising $100M
Edtech startup Lead, previously LEAD School, has raised Series E funding of $100 million at a valuation of $1.1 billion. The first edtech unicorn of 2022 is also the first school edtech player to enter the coveted club. The round, led by WestBridge Capital. The round also saw participation GSV Ventures.
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Startup News Snippets

M&A News

Market Pulse

  • Hyderabad-based e-commerce platform Recykal has raised $22 million in funding from Morgan Stanley India, Circulate Capital, Vellayan Subbiah and Arun Venkatachalam
  • Punjab-based beverage startup Lahori has raised $15 million in funding led by Verlinvest
  • Bengaluru-based gaming platform Turnip has raised $13 million in Series A funding from Greenoaks, Elevation Capital, SEA Capital, Vibe Capital, Andrew Chen, Harshil Mathur, Shashank Kumar, Akshay Kothari, Geige Vandentop, Vidit Aatrey, Sanjeev Barnwal, Gaurav Munjal, Roman Saini, Lalit Keshre, Ishan Bansal, Harsh Jain, Kalyan Krishnamurthy and Sujeet Kumar
  • Chennai-based neo bank Kaleidofin has raised $10 million in Series B funding from Michael & Susan Dell Foundation Oiko Credit, Flourish Ventures, Omidyar Network, Blume Ventures and Bharat Fund
  • New Delhi-based healthtech startup Power Gummies has raised $6 million in Series A funding from Vcats, DSG Consumer Partners, WIPRO Consumers, Sharpp Ventures and NB Ventures

Ecosystem Weekly | 9th Jan’22

January 9, 2022

TPG invests $360M in AI and advanced analytics solutions provider Fractal
New York, US, and Mumbai-headquartered artificial intelligence (AI) and advanced analytics solutions provider Fractal on Wednesday announced raising $360 million from TPG Capital Asia, the Asia-focused private equity platform of global alternative asset firm TPG.
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Indian e-commerce Udaan raises $250 million
The Bengaluru-headquartered startup has raised $200 million via a convertible note and an additional $50 million as debt, its chief financial officer Aditya Pande told employees in an internal email.
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Startup News Snippets

M&A News

Market Pulse

  • Bengaluru-based finance platform for MSMEs Rupifi has raised $25 million in Series A funding from Bessemer Venture Partners, Tiger Global Management, Quona Capital, Ankur Capital and Better Capital
  • Mumbai-based merchant commerce platform Pine Labs has raised $20 million in funding from State Bank of India
  • Mumbai-based fintech startup CASHe has raised $19 million in funding from TSLC
  • Bengaluru-based fintech firm Innoviti Payment has rasied $11 million in Series D funding from Trifecta Debt Fund, Patni Advisors, Bessemer Venture Partners, Sanjoy Bhattacharya and Bharat Jaisinghani
  • Bengaluru-based foodtech startup Living Food has raised $8 million in Series A funding from Amasia

 

Ecosystem Weekly | 2nd Jan’22

January 2, 2022

Zetwerk raises $210 mn from Greenoaks Capital, others at $2.7 bn valuation
Business-to-business (B2B) manufacturing services marketplace Zetwerk Manufacturing Business Pvt Ltd has raised about $210 million as a part of its Series F funding round, led by US-based Greenoaks Capital, according to a regulatory filing.
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GlobalBees joins unicorn club with latest fundraise
Delhi-headquartered ecommerce roll-up company GlobalBees is the latest startup to join India’s unicorn club after raising $111.5 million in a Series B round led by Premji Invest. Steadview Capital.
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Startup News Snippets

M&A News

Market Pulse

  • Bengaluru-based gaming startup EsportsXO has raised $1 million in Seed funding from We Founder Circle, Wami Capital, SOSV, Mumbai Angels Network, SucSEED Indovation Fund, The Gaming Lounge and FAAD Network
  • Gurugram-based construction startup Vendor Infra has raised $265K in Angel funding from SK Tripathi, Sanjeev Gupta, Amit Agarwal, Narayan Ramaswamy, Dinesh Arora and Puneet Chandra
  • Gurugram-based hair extension manufacturing startup Hair Forever has raised $150K in Pre-seed funding from angel investors
  • Noida-based artisanal brand The Gourmet Jar has raised $150K in funding from DevX Venture Fund
  • Hyderabad-based ice popsicle brand Skippi IcePops has raised $134K in funding from Shark Tank India
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