Tag: M&A

Ecosystem Weekly | 01st Aug’21

August 1, 2021

Byju’s continues acquisition spree, acquires Toppr and Great Learning
Edtech unicorn and India’s most valuable startup Byju’s is continuing its acquisition spree by buying after-school learning app Toppr and upskilling platform Great Learning in a cash and stock deal.
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Moj, ShareChat owner raises $145M at $2.8B valuation from Temasek, others
Mohalla Tech, the parent company behind Moj and ShareChat, has raised $145 million as an extension of its Series F round. The investment has been led by Singapore state investor Temasek, Moore Strategic Ventures (MSV), along with participation from Mirae-Naver Asia Growth fund.
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Startup News Snippets

M&A News

Market Pulse

  • Mumbai-based mortgage finance startup Easy has raised $15 million in Series A funding from Xponentia Capital Partners, Harbourfront Capital, Finsight VC, RaSa Future Fund, Navida Capital AB, Helena Wasserman Eriksson and Integra Software
  • Jaipur-based skincare brand Minimalist has raised $15 million in Series A funding from Sequoia Capital India and Unilever Ventures
  • Bengaluru-based fintech startup Slice has raised $10 million in debt funding from Northern Arc Capital, Niyogin Fintech Limited, Credit Saison India and Vivriti Capital
  • Bengaluru-based real-estate investment startup Strata has raised $6 million in Series A funding from Kotak Investment Advisors Limited, Gruhas Proptech, Sabre Investments, Elevation Capital, Mayfield India and Gemba Capital
  • Mumbai-based clean-label food brand The Whole Truth has raised $6 million in Series A funding from Sequoia Capital India, Matrix Partners India, Sauce.Vc, Kalyan Krishnamurthy, Sujeet Kumar, Ashneer Grover and Shashvat Nakrani

Ecosystem Weekly | 25th July’21

July 25, 2021

Byju’s acquires US-based reading platform Epic for $500 mn
BYJU’s has acquired Epic, a Redwood City, California based digital reading platform for children for $500 million (Rs 3,730 crore per current exchange rates).
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Lenskart raises $220M led by Temasek and Falcon Edge
Lenskart, the omni-channel D2C eyewear brand and a unicorn startup, has raised $220 million led by Temasek, the sovereign wealth fund of Singapore, and Falcon Edge Capital.
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Startup News Snippets

M&A News

Market Pulse

  • Bengaluru-based agritech startup Vegrow has raised $13 million in funding from Lightspeed Venture Partners and Elevation Capital
  • Bengaluru-based B2B tech marketplace for seafood Captain Fresh has raised $12 million in Series A funding from Accel Partners, Matrix Partners India, Ankur Capital, Incubate Fund, Jitendra Gupta, Asish Mohapatra, Ruchi Kalra, Souvik Sengupta, Rajesh Yabaji, Revant Bhate, Ramakanth Sharma and Amrish Rau
  • Bengaluru-based fintech platform SmartCoin Financials has raised $11 million in debt funding from Northern Arc, Vivriti Capital, MAS, India SME and other HNIs
  • Gurugram-based agritech startup Otipy has raised $10 million in Series A funding from SIG, Omidyar Network India, Innoven Capital, IPV, Pravega and FactorE
  • Gurugram-based online D2C personal care brand Bella Vita Organic has raised $10 million in funding from Ananta Capital

Ecosystem Weekly | 18th July’21

July 18, 2021

OYO raises $660M term loan funding from institutional investors
Oyo has announced that it has raised a Term Loan B (TLB) funding of $660 million from global institutional investors. The hospitality unicorn in its statement said that the offer was oversubscribed by 1.7 times.
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Reliance Retail to acquire 66.95% stake in Just Dial for $469 mn
Reliance Retail Ventures Limited (RRVL) announced it will acquire a controlling 66.95% stake in local search engine platform Just Dial Ltd for Rs 3,497 crore ($469 million).
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Startup News Snippets

M&A News

Market Pulse

  • Vadodara-based specialty chemical manufacturer Tatva Chintan Pharma Chem has raised $21 million in funding from Goldman Sachs India, Abu Dhabi Investment Authority, Aberdeen Standard Asia Focus Plc, Malabar India Fund, Axis Mutual Fund, ICICI Prudential MF, HDFC MF, SBI MF, Aditya Birla Sun Life MF and SBI Life Insurance
  • Bengaluru-based business-in-a-box platform for professionals Protonn has raised $9 million in seed funding from Matrix Partners India, 021 Capital, Tanglin Venture Partners, Binny Bansal, Kalyan Krishnamurthy, Neeraj Arora, Sujeet Kumar and Kunal Shah
  • Bengaluru-based reseller platform OneCode has raised $5 million in funding from Surge, Nexus Venture Partners, WaterBridge Ventures, Aakrit Vaish, Amrish Rau, Anand Chandrasekaran, Arjun Vaidya, Ashish Dave, Cloud Capital, Gaurav Munjal, Harshil Mathur, Jitendra Gupta, Kunal Shah, Lalit Keshre, Miten Sampat, Pravin Jadhav, Rahul Mathur, Sandeep Srinivas, Sujeeth Kumar, Sweta Rau and Vivek Ananda
  • Chennai-based aqua farmers’ network Aquaconnect has raised $4 million in pre-Series A funding from Rebright Partners, Flourish Ventures, AgFunder, 6G Capital, Omnivore, HATCH
  • Bengaluru-based electric vehicle maker Ati Motors has raised $4 million in pre-series A funding from Blume Ventures, Exfinity Venture Partners and other HNIs

Ecosystem Weekly | 11th July’21

July 11, 2021

Fintech platform Pine Labs announces $600M round led by Fidelity and BlackRock
Fintech unicorn Pine Labs, on Tuesday announced an investment round of $600 million led by Fidelity Management & Research Company and BlackRock Inc.
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MTG acquires India-based PlaySimple; Chiratae, Elevation Capital exit
Sweden-based Modern Times Group ( MTG) said on Friday it has acquired Chiratae Ventures and Elevation Capital-backed Indian word games developer PlaySimple.
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Startup News Snippets

M&A News

Market Pulse

  • Delhi-NCR based healthtech platform BeatO has raised $6 million in funding from W Health Ventures, PharmEasy, Merisis VP, Orios VP, Leo Capital and other HNIs
  • Bengaluru-based construction management app Powerplay has raised $5 million in funding from Accel Partners, Surge and other HNIs
  • Bengaluru-based marketplace for commercial vehicles Vahak has raised $5 million in pre-Series A funding from RTP Global, Luxor Capital, Leo Capital, Kunal Shah, Jitendra Gupta, Vidit Aatrey, Sanjeev Barnwal, Mohd Farid, Amrish Rau, Harsimarbir Singh, Kunal Bahl and Ravish Naresh
  • Bengaluru-based drone analytics platform startup Skylark Drones has raised $3 million in pre-series A funding from InfoEdge Ventures, IAN Fund, AdvantEdge Founders, Fowler Westrup, Redstart Labs, IKP and Vimson Group
  • Bengaluru-based rewards-based payment network TWID has raised $3 million in funding from BEENEXT, Surge, Kunal Shah, Rajul Garg and YourNest India

Ecosystem Weekly | 04th July’21

July 4, 2021

EdTech platform Saarthi Pedagogy to empower Indian schools with Rs 7 crore of fresh funding led by Ecosystem Ventures
Ecosystem Ventures which invests in disruptive startups and helps them scale has recently invested in Ahmedabad-based EdTech startup, Saarthi Pedagogy, which provides a Technology Platform to integrate all segments of K-12 education for enabling stellar learning outcomes.
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Licious raises $192M in Series F round led by Temasek and Multiples PE
Hyderabad-based Fourth Partner Energy on Wednesday announced that it has raised $125 million in equity funding from Norfund – the Norwegian Investment Fund – and existing shareholder The Rise Fund, TPG’s global impact investing platform.
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Startup News Snippets

M&A News

Market Pulse

  • Mumbai-based D2C brand FRAAZO has raised $11 million in Series A funding from Sixth Sense Ventures, NABVENTURES, Equanimity Ventures; Manish Choksi and Apar Group
  • Bengaluru-based gaming platform Loco has raised $9 million in seed funding from Krafton, Lumikai, Hashed, Hiro Capital, North Base Media, Axilor Ventures and 3one4 Capital
  • Bangalore-based used motorcycles brand CredR has raised $7 million in funding from Yamaha Motors, Omidyar Network India, Eight Roads Ventures and Astarc Ventures
  • Gurgaon-based healthtech startup Meddo has raised $6 million in pre-Series A funding from SRI Capital, Picus Capital and Alkemi Capital
  • Kolkata-based edtech startup Nalanda Learning Systems has raised $5 million in funding from Aavishkaar Capital

 

Ecosystem Weekly | 27th June’21

June 27, 2021

Temasek, TPG Growth backed PharmEasy to buy listed diagnostics firm Thyrocare
Private equity and venture capital backed PharmEasy has signed a definitive agreement to acquire a majority stake in diagnostics firm Thyrocare Technologies for Rs 4,546 crore ($613 million).
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Piramal Pharma’s contract division completes acquisition of Hemmo
The contract development and manufacturing organisation of Piramal Pharma Ltd on Wednesday said it has completed the acquisition of Hemmo Pharmaceuticals Pvt Ltd.
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Startup News Snippets

M&A News

Market Pulse

  • Bangalore-based social community platform Kutumb has raised $26 million in Series A funding from Tiger Global
  • Gurgaon-based social commerce startup CityMall has raised $23 million in Series B funding from General Catalyst, Jungle Ventures, investors Accel, Elevation Capital and WaterBridge Ventures
  • Delhi-based real estate company MYRE Capital has raised $7 million in funding from undisclosed investors
  • Mumbai-based full-stack D2C brand Skillmatics has raised $6 million in Series A funding from Sequoia Capital India, Jalaj Dani Family Office and other HNIs
  • Delhi-based healthcare startup Synapsica Healthcare has raised $4 million in Series A funding from IvyCap Ventures, Endiya Partners, Y Combinator and other HNIs

Ecosystem Weekly | 20th June’21

June 20, 2021

BYJU’S surpasses Paytm to be India’s most valuable startup after raising $350M
Edtech unicorn BYJU’S has surpassed fintech major Paytm to become India’s most valuable startup after its latest round of funding.
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Apna raises $70M in Series B round led by Insight Partners and Tiger Global
Bengaluru-based professional networking and jobs platform Apna has raised Series B funding of $70 million led by Insight Partners and Tiger Global, at a valuation of $570 million.
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Startup News Snippets

M&A News

Market Pulse

  • Mumbai-based digital credit network Flexmoney has raised $5 million in Series A funding from Pravega Ventures, Z5 Capital and other HNIs
  • Bengaluru-based retail platform for food and grocery products Jumbotail has raised $5 million in debt funding from Alteria Capital
  • Surat-based men’s innerwear and comfort-wear brand XYXX has raised $4 million in Series A funding from DSG Consumer Partners, Synergy Capital Partners and Sauce.VC
  • Delhi-based insurtech platform Vital has raised $3 million in pre-Series A funding from BLinC Invest, Venture Catalyst, Survam Partners and other HNIs
  • Bengaluru-based contract lifecycle management platform SimpliContract has raised $2 million in seed funding from Kalaari Capital, Picus Capital, Arka Venture Labs and Digital Sparrow Capital

Ecosystem Weekly | 14th June’21

June 13, 2021

NCLT approves Vedanta arm’s bid to acquire bankrupt Videocon Industries
The National Company Law Tribunal (NCLT) on Tuesday approved a bid by businessman Anil Agarwal-backed Twin Star Technologies to acquire the 13 firms of Videocon Industries Ltd for Rs 2,962 crore.
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Tiger Global leads $35 Mn round in GoMechanic
Gurgaon-based multi-brand car workshop and spare parts platform GoMechanic has raised $35 million in its Series C round led by Tiger Global Management.
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Startup News Snippets

 

M&A News

 

Market Pulse

  • Pune-based green energy technology startup Greenjoules has raised $5 million in Series A funding from Blue Ashva Capital
  • Gurugram-based edtech startup Swiflearn has raised $3 million in pre-Series A funding from Stellaris Venture Partners, Venture Highway and other HNIs
  • Gurugram-based hygiene and wellness brand Pee Safe has raised $3 million in pre-Series B funding from Alkemi Growth Capital and other HNIs
  • Delhi-based D2C home appliance brand Candes has raised $3 million in funding from Anuraag Jaipuria, Ruchirans Jaipuria, Nitin Passi and Dheeraj Jain.
  • Bengaluru-based digital healthcare platform MediBuddy has raised $3 million in debt funding from Stride Ventures

Ecosystem Weekly | 06th June’21

June 6, 2021

Logistics startup Delhivery raises $275M in Series H round led by Fidelity Management and Research Company

Gurgaon-based logistics startup Delhivery on Monday announced that it had raised $275 million in its Series H round led by Boston-headquartered investment firm Fidelity Management and Research Company. 

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Urban Company raises $255M in Series F round at $2.1B valuation
Gurgaon-based Urban Company has raised $255 million in a Series F round at a valuation of $2.1 billion. This includes a primary capital infusion of $ 188 million and a secondary sale of approximately $67 million by select angels and early investors.

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Startup News Snippets

M&A News

Market Pulse

  • Delhi-based E2E tech-enabled logistics company Holisol Logistics has raised $3 million in debt funding from Northern Arc Capital
  • Bengaluru-based E-learning platform Crejo.Fun has raised $3 million in seed funding from Matrix Partners India, 021 Capital and Gemba Capital
  • Gurugram-based healthtech startup Breathe Well-being has raised $1 million in pre-Series A funding from 3one4 Capital and other HNIs
  • Ahmedabad-based public bicycle-sharing startup MYBYK has raised $1 million in pre-Series A funding from Avon Cycles and other HNIs
  • New Delhi-based edtech startup Avishkaar has raised $683K in pre-series A funding from Auxano, Mumbai Angels and other HNIs

 

Ecosystem Weekly | 30th May ’21

May 30, 2021

Tata Buys Majority Stake in BigBasket, to Compete Against Amazon, Flipkart

Tata Sons has acquired a majority stake in online grocery seller BigBasket, putting the Indian conglomerate in a direct race with e-commerce players Amazon.com Inc, Walmart’s Flipkart and Reliance Industries.

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Zeta raises $250M from Softbank Vision Fund, attains unicorn status

Bengaluru-based banking tech startup, Zeta has become the latest unicorn after raising $250 million in a Series C funding round from Softbank Vision Fund 2 at a valuation of $1.45 billion.
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Startup News Snippets

M&A News

Market Pulse

  • Mumbai-based corporate card startup Kodo has raised $9 million in seed funding from Brex, Goat Capital, Pioneer Fund and other HNIs
  • Bengaluru-based mobility and smart parking startup Get My Parking has raised $6 million in funding from IvyCap Ventures and IAN Fund
  • Bengaluru-based matchmaking startup Betterhalf.ai has raised $3 million in pre-Series A round from S2 Capital, Quiet Capital and other HNIs
  • Gurugram-based mobile agritech startup FarMart has raised $2 million in pre-series A funding from Omidyar Network India, Avaana Capital, Indian Angel Network and LetsVenture
  • Bengaluru-based edtech startup Tekie has raised $2 million in seed funding from GSV Ventures, Multiply Ventures and Better Capital
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