Ecosystem Weekly | 23rd May ’21
Adani Green Energy to acquire SB Energy India from SoftBank, Bharti Group
Adani Green Energy Ltd today said it has struck a deal to fully acquire SB Energy India from SoftBank Group and Bharti Group at an enterprise value of $3.5 billion (Rs 25,538 crore).
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B2B ecommerce startup Moglix joins unicorn club after raising $120M in Series E round
Noida-based Moglix, a B2B industrial goods ecommerce marketplace, on Monday announced that it has raised $120 million in Series E round led by Falcon Edge Capital and Harvard Management Company (HMC).
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Startup News Snippets
M&A News
Market Pulse
- Bengaluru-based global AI-powered mental health platform Wysa has raised $6 million in Series A funding from W Health Ventures
- Delhi-based fashion house High Street Essentials has raised $4 million in funding from Elevation Capital, India Quotient, Dominor Holding, and other HNIs
- Gurugram-based health education startup Virohan has raised $3 million in Series A funding from Rebright Partners
- Bengaluru-based women’s activewear brand BlissClub has raised $2 million in seed funding from Elevation Capital, Neeraj Arora, Kunal Shah, Rahul Mehta, Ashish Goel, Chakradhar Gade and Good Capital
Groww acquires mutual funds business of Indiabulls Housing Finance
Westbridge Capital drives $41 mn funding round in Rapido
MOPE invests in Fincare Small Finance Bank; True North makes part-exit
Urban Company enters unicorn club with $2B valuation, following $188M fund raise
upGrad raises $120 M from Temasek
Fintech unicorn Razorpay raises $160M at $3B valuation
Druva raises $147M at $2B valuation from CDPQ, Neuberger Berman, others
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).
