Tag: M&A

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

Ecosystem Weekly | 26th Dec’21

December 26, 2021

OfBusiness valued at nearly $5 billion after $325 million in new funding
OfBusiness, a business-to-business (B2B) commerce startup, said it has raised $325 million from Alpha Wave Global (formerly Falcon Edge Capital), Tiger Global and SoftBank Vision Fund 2.
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India’s Cars24, a used-vehicle sales platform, raises $400M, now at a $3.3B valuation, to double down on growth
Cars24, a startup out of India that has built an app and website for selling used cars and motorbikes, has raised $400 million: a Series G of $300 million in equity and a further $100 million in debt. Alpha Wave Global is leading this Series G.
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Startup News Snippets

M&A News

Market Pulse

  • Mumbai-based cycle maker Ninety One has raised $30 million in Series A funding from A91 Partners, Fireside Ventures, Avaana Capital and Titan Capital
  • Delhi-based healthtech Sirona Hygiene has raised $13 million in Series B funding from The Good Glamm Group
  • Bangalore-based logistics ecosystem platform Ripplr has raised $12 million in Series B funding from Sojitz Corporation, Stride Ventures, 3one4 Capital, Zephyr Peacock India Growth Fund, Chand Family Office, Vivek, Abhay, Aniketh and Ashish
  • Pune-based supply chain robotics technology startup Unbox Robotics has raised $7 million in Series A funding from 3one4 Capital, Sixth Sense Ventures, Redstart Labs, Pramod Ghadge, Shahid Memon, Rohit Pitale, Arali Ventures, WEH Ventures, BEENEXT, Force Ventures, Dr Vijay Kedia, Aditya Singh, Pavitar Singh, Rahul Chaudhary, Nikhil Vora, Kathan Shah and Veda VC
  • Bangalore-based audio romance and friend discovery startup FRND has raised $7 million in Series A funding from KRAFTON, India Quotient and Elevation Capital

Ecosystem Weekly | 19th Dec’21

December 19, 2021

ShareChat parent Mohalla Tech valued at $3.7B in new round
Mohalla Tech, the parent company of short video format app Moj and Indian language-focused social media platform ShareChat, has announced raising $266 million in Series G round of funding led by US-based Alkeon Capital, Temasek, Moore Strategic Ventures, Harbourvest and India Quotient.
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Healthtech startup Pristyn Care becomes latest unicorn after raising $96M
The healthtech startup will be using the funding to enhance its offerings by adopting the latest surgical technologies, expanding into new disease categories, and further developing its product and technology.
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Startup News Snippets

M&A News

Market Pulse

  • Mumbai-based SME tech startup TranZact has raised $7 million in Series A funding from Tribe Capital, Prime Venture Partners, Gemba Capital, Kae Capital, Suhail Sameer, Sriram Krishnan, Devendra Rane, Giridhar Malpani and Krishna Khandelwal
  • Bengaluru-based foodtech startup Third Wave Coffee Roasters has raised $6 million in Series A funding from Sujeet Kumar, Arpan Sheth, Ayyappan Rajagopal and other HNIs
  • Hyderabad-based interactive and immersive learning app Practically has raised $5 million in funding from NB Ventures, Earlsfield Capital, Almoe Group of Companies and Ncubate Capital
  • Gurugram-based e-mobility technology platform MoEVing has raised $5 million in Seed funding from DS Brar, Anshuman Maheshwary, Dr Srihari Raju Kalidindi, DN Reddy, Ashish Goel, Krishnadeva Veerareddy, Vijay Dutt, Govind Agarwal, Chaitanya Kamdar, Subodh Gupta and Mukesh Tiwari
  • Mumbai-based plant-based nutraceutical seller Plix has raised $5 million in Series A funding from Guild Capital and RPSG Capital Ventures

Ecosystem Weekly | 12th Dec’21

December 12, 2021

Shiprocket announces $185M Series E round co-led by Zomato, Lightrock and Temasek
E-commerce shipping and enablement platform Shiprockethas raised $185 million in a Series E round of funding led by Zomato, Temasek Holdings and Lightrock. The round also saw participation from Moore Strategic Ventures, 9Unicorns, InfoEdge Ventures and March Capital.
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Bizongo raises Rs 825 Cr in Series D round led by Tiger Global
Bizongo, the B2B startup focused on the packaging industry, has raised Rs 825 crore in its Series D round of funding led by Tiger Global, according to regulatory filings. The startup’s filings with the Registrar of Companies (RoC) reveal that it has issued 10 equity shares of 121,510 Series D2 Compulsorily Convertible Preference Shares (CCPS) at a price of Rs 67,890 per share to ten subscribers.
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Startup News Snippets

M&A News

Market Pulse

  • Gurgaon-based edtech startup PlanetSpark has raised $14 million in Series B funding from Prime Venture Partners, Binny Bansal, Deep Kalra, Dr Ashish Gupta, Gokul Rajaram and Shirish Nadkarni
  • Vadodara-based EV charging startup Charge+Zone has raised $10 million in funding from Venture Catalysts
  • Mumbai-based P2P lending platform LenDenClub has raised $10 million in Series A funding from Tuscan Ventures, Ohm Stock Brokers, Artha Venture Fund, Kunal Shah, Alok Bansal, Ramakant Sharma, Hardik Pandya and Krishna Bhupal
  • Mumbai-based insurtech player Probus Insurance has raised $7 million in funding from BlueOrchard Impact Investment Managers
  • Bengaluru-based social trading platform Trinkerr has raised $7 million in Series A funding from Accel India
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