Tag: M&A

Ecosystem Weekly | 24th Oct’21

October 24, 2021

Kunal Shah’s CRED raises $251M at $4B valuation
CRED, a fintech unicorn founded by Kunal Shah, has raised $251 million in a Series E round of funding at a valuation of $4.01 billion. The round, which was co-led by existing backers Tiger Global & Falcon Edge, saw new investors – Marshall Wace & Steadfast – bet on the startup.
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Duroflex raises $60M from Norwest Venture Partners
Bengaluru-based sleep solutions company Duroflex has raised $60 million from Norwest Venture Partners for its house of brands – Duroflex and Sleepyhead.
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Startup News Snippets

M&A News

Market Pulse

  • Gurugram-based edtech startup Questt has raised $7 million in Series A Funding from Celesta Capital, Premji Invest, AET Fund, Titan Capital, First Cheque, MarsShot Ventures and Chiratae Ventures
  • Mumbai-based intra-day options only trading app MarketWolf has raised $6 million in Seed Funding from Anil Thadani, Ashutosh Sinha, Roy Van Leeuwen, Tomas Urbanec, Anuj Srivastava and Ramakant Sharma
  • Noida-based edtech startup ConveGeniuson has raised $5 million in Pre-Seed Funding from BAce Capital, Heritas Capital, 3Lines Venture Capital, Michael and Susan Dell Foundation
  • Ghaziabad-based optical retail chain platform ClearDekho has raised $4 million in Pre-Series A Funding from Aroa Ventures, CK Jaipuria Family Office, NB Ventures, Anuj Sheth, Kitty Agarwal, Anand Chandrasekaran, Nandi Vardhan Mehta, Magnus KJoller Holdings, Mandar Joshi, Venture Catalysts, SOSV MOX, Gemba Capital and others
  • Gurugram-based SaaS exporters platform Sourcewiz has raised $3 million in Seed Funding from Blume Ventures, Alpha Wave Incubation, DisruptAD, Ravi Bhargava, Arvind Limited, Rakshita Agrawal, Wayfair, Dhruvil Sanghvi, LogiNext and Ashish Tulsian

Ecosystem Weekly | 17th Oct’21

October 17, 2021

CarDekho raises $250M in pre-IPO round, reaches unicorn status with $1.2B valuation
Jaipur-headquartered automobile classifieds platform CarDekho on Wednesday announced that it has raised $250 million round of funding, including $200 million Series E equity and $50 million debt in its pre-IPO round.
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SME-focused neobank startup Open raises Rs 735 Cr from Temasek, Google, SBI Investment
Bangalore-based SME-focused neobanking platform Open on Tuesday raised Rs 735 crore ($100 million) as part of its Series C round led by Temasek. It also saw participation from Google, venture capital firm SBI Investment, and existing investors Tiger Global and 3one4 Capital.
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Startup News Snippets

M&A News

Market Pulse

  • Bangalore-based HR tech startup FloCareer has raised $6 million in Series A Funding from Data Point Capital, Uncorrelated Ventures and Orios Venture Partners
  • Bangalore-based Fintech startup Niro has raised $4 million in Seed Funding from Elevar Equity, Kunal Shah, Bala Parthasarthy, Nitin Gupta and the Patni Family office
  • Mumbai-based Edtech startup Creative Galileo has raised $3 million in Funding from Kalaari Capital Partners, Harish Bahl, Shashin Shah, Jinesh Patel, Atul Nishar, Ashwin Puri and Giridhar Malpani
  • Bangalore-based blockchain company Arcana Network has raised $2 million in Funding from Woodstock Fund, Digital Currency Group, Hyperedge, shl.vc, Fenbushi Capital, LD Capital, Paradigm Shift VC, Ganesh Swami, Ajeet Khurana, Builders Tribe, Nishal Shetty, Ajit Tripathi, AU21 and Arcanum Capital
  • Bangalore-based S&D enablement platform AnKa SumMor has raised $2 million in pre-Series A Funding from Inflection Point Ventures, Pratul Shroff, Brijesh Agrawal, IndiaMart and other HNIs

Ecosystem Weekly | 10th Oct’21

October 10, 2021

BYJU’S raises $300M at $18B valuation
Bangalore-based Edtech decacorn BYJU’S continues to raise capital and in the latest development, it has raised close to $300 million at a reported valuation of $18 billion.
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CoinSwitch Kuber turns unicorn; raises $260M from a16z, Coinbase Ventures & existing investors
Bangalore-based Indian crypto exchange CoinSwitch Kuber has announced its $260 million Series C round of funding from Andreessen Horowitz, Coinbase Ventures, Paradigm, Ribbit Capital, Sequoia Capital India and Tiger Global.
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Startup News Snippets

M&A News

Market Pulse

  • Noida-based rural insurtech startup GramCover has raised $7 million in Series A Funding from Siana Capital, Inflexor Ventures, Stride Ventures, Omidyar Network, Flourish Ventures and Emphasis Ventures
  • Hyderabad and San Francisco-based a provider on-demand cloud communication services provider Ozonetel has raised $5 million in Series A Funding from Stakeboat Capital
  • Bangalore-based blue-collar workforce management platform Smartstaff has raised $4.3M in Funding from Blume Ventures, Nexus Venture Partners, Arkam Ventures, Gemba Capital and other HNIs
  • Bengaluru-based employee benefits and insurtech platform PazCare has raised $3.5 million in seed Funding from BEENEXT, 3one4 Capital, Kunal Shah, Ashneer Grover, Aprameya R, Zishaan Hayath, Ashish Hemrajani and Haresh Chawla
  • Gurgaon-based ecommerce enablement startup ANS Commerce has raised $2.2 million in Pre-Series A Funding from Gokul Rajaram, Venture Catalysts, 9Unicorns, Kunal Shah, Kunal Bahl, Rohit Bansal, Umang Kumar, Varsha Rao, Manik Gupta, Shobhit Singhal and Archishman R

 

Ecosystem Weekly | 3rd Oct Sep’21

October 3, 2021

Meesho raises $570M from Fidelity and B Capital at $4.9B valuation
Bangalore-based Social commerce platform Meesho has raised $570 million at a valuation of $4.9 billion. The round was led by Fidelity Management and Research Company and B Capital Group. The round also saw participation from existing investors Prosus Ventures, SoftBank Vision Fund 2, and Facebook. Other new investors include Footpath Ventures, Trifecta Capital, Good Capital and others.
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Ola Electric raises over $200M at $3B valuation
Bangalore-based Ola’s electric vehicle (EV) division, Ola Electric, raised over $200 million led by Falcon Edge, Softbank and others
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Startup News Snippets

M&A News

Market Pulse

  • Pune-based health insurance distribution startup Loop Health has raised $12 million in Series A Funding from Elevation Capital, General Catalyst, Vonid Khosla, YC Continuity Fund, Tribe Capital, Amit Kumar Agarwal, Ramakant Sharma, Vidit Aatrey, Sanjeev Barnwal and Eren Bali
  • Gurgaon-based hyperlocal and EV-based last-mile delivery startup Zypp Electric has raised $7 million in Series A Funding from 9Unicorns, Anthill Ventures, Nanavati Family Office, We Founder Circle, Riso Capital Fund, Dholakia Ventures, Venture Catalysts, IAN FundTarun Saraf, Rahul Khera, Arjun Seth and Mark Joseph
  • Bangalore-based blockchain monitoring and investigative platform Merkle Science has raised $6 million in Series A Funding from Darrow Holdings, Kraken Ventures, Bain-backed Uncorrelated Ventures, Fenbushi Capital, Token Bay Capital, Kenetic and Lunex Ventures
  • Mumbai-based agri-commerce startup SuperZop has raised $4 million in Series A Funding from Incofin’s India Progress Fund
  • Bangalore-based deeptech startup Astrome has raised $3 million in Bridge Funding from IAN Fund, Urania Ventures and Lakshmi Narayanan

Ecosystem Weekly | 26th Sep’21

September 26, 2021

Medikabazaar raises $75M in a Series C round led by CDC Group, Creaegis, others
B2B healthtech startup Medikabazaar has raised $75 million in a Series C round led by UK-based development finance institution CDC Group and PE fund Creaegis.
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LifeCell raises Rs 255 Cr led by Orbimed Asia Partners
Leading stem cell bank LifeCell International on Tuesday said it has raised Rs 255 crore in a funding round led by healthcare investment firm OrbiMed Asia Partners IV.
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Startup News Snippets

M&A News

Market Pulse

  • Pune-based fitness and wellness startup Fittr has raised $11.5 Mn in Series A Funding from Dream Capital, Elysian Park Ventures, LA Dodgers ownership group and Sequoia Capital’s India Surge
  • Mumbai & Gurgaon-based fintech startup ePayLater has raised $10 Mn in Series B Funding from Responsibility Investments, Blue Ashva Capital, Pravega Ventures and other HNIs
  • Bengaluru-based AI tech startup Aerchain has raised $3 Mn in pre-Series A Funding from IndiaMart and Season Two Ventures
  • Hyderabad-based fintech startup CredRight has raised $3 Mn in Funding from 9Unicorns , Spearhead Capital, Venture Catalysts, YourNest, Accion Venture Lab and other HNIs
  • Bengaluru-based private equity management platform RuleZero has raised $2.5 Mn in Seed Funding from The Treasury, employees of Valiant Capital, YourNest Venture Capital, Blume Founders Fund and other HNIs

 

Ecosystem Weekly | 19th Sep’21

September 19, 2021

Mindler Raises USD 1.5 Million In Pre-Series A Funding led by Ecosystem Ventures
New Delhi based Mindler, a comprehensive career guidance platform for students & educators has closed a USD 1.5 Mn Pre-Series A funding round led by Ecosystem Ventures, Inflection Point Ventures, nVentures Singapore & Chennai Angels towards augmenting its team, geographical expansion and institutional partnerships & alliances.
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Jobs platform apna enters unicorn club after raising $100M Series C round led by Tiger Global
Job and professional networking platform Apna.Co has secured close to $100 million in Series C funding led by Tiger Global. The round also saw participation from Owl Ventures, Insight Partners, Sequoia Capital India, Maverick Ventures, and GSV Ventures.
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Startup News Snippets

M&A News

Market Pulse

  • Mumbai-based fintech company LivQuik has raised $4 million in Funding from M2P Fintech
  • Noida-based gaming startup Awon GameZ has raised $2 million in Seed Funding from Aditya Duggar and Family
  • Delhi-based BNPL fintech startup Paytail has raised $2 million from Cholamandalam and other HNIs
  • Pune-based fintech startup 4Fin has raised $1 million in Pre-seed Funding from Curesense Therapeutics
  • Bengaluru-based D2C online brand Flatheads has raised $1 million in Pre-series A Funding from We Founder Circle, Dexter Angels, Gaurav Kapur, Sahil Barua and Radhika Ghai

Ecosystem Weekly | 12th Sep’21

September 12, 2021

Delhivery raises $76.4M from Lee Fixel’s firm – Addition
Delhivery, the logistics unicorn has raised $76.4 million in funding from Addition, the firm founded by the high profile startup investor Lee Fixel.
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Voice AI startup Skit raises $23M in Series B round from WestBridge Capital
AI-first SaaS voice automation startup Skit (formerly known as vernacular.ai) has secured $23 million as part of its Series B funding to fuel the next level of growth and product evolution.
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Startup News Snippets

M&A News

Market Pulse

  • A bengaluru-based platform for small merchants Dukaan has raised $11 million in pre Series A Funding from 640 Oxford Ventures, Snow Leopard Ventures, Lightspeed Partners, Matrix Partners India, Venture Catalyst, HOF Capital, Old Well Ventures, LetsVenture, 9Unicorns, Ritesh Agarwal and Carl Pei
  • Bengaluru-based employee wellness platform Nova Benefits has raised $10 million in Series A Funding from Susquehanna International Group, Bessemer Venture Partners, Multiply Ventures, Better Capital and Titan Capital
  • Mumbai-based ed-tech startup Lido Learning has raised $10 million in Funding from Unilazer Ventures
  • Bengaluru-based financial services platform WeRize has raised $8 million in Series A Funding from 3one4 Capital, Picus Capital, Kalaari Capital and Orios Ventures
  • Mumbai-based social commerce platform Coutloot has raised $8 million in Funding from Ameba Capital, SOSV, 9Unicorns, Astarc Ventures and Venture Catalysts

 

 

Ecosystem Weekly | 05th Sep’21

September 5, 2021

PayU to acquire payment giant BillDesk for $4.7 billion
Prosus NV, the Dutch unit of Naspers Ltd, has acquired Indian payment services provider BillDesk for $4.7 billion in cash in its largest acquisition.
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Voice AI startup Skit raises $23M in Series B round from WestBridge Capital
AI-first SaaS voice automation startup Skit (formerly known as vernacular.ai) has secured $23 million as part of its Series B funding to fuel the next level of growth and product evolution.
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Startup News Snippets

M&A News

Market Pulse

  • Bengaluru-based saving and investment app Jar has raised $5 million in Pre-Series A funding from Tribe Capital, Arkam Ventures, WEH Ventures, Kunal Shah, Shaan Puri, Manik Gupta and Ali Moiz
  • Bengaluru-based EV startup REVOS has raised $4 million in Series A funding from Union Square Ventures and Prime Venture Partners
  • Bengaluru-based supply chain and distribution network company RubanBridge has raised $3 million in from C4D Partners, KAAJ Ventures, Prashanth Prakash, Puneet Jetli, Aradhana D Chatterjee and Prashanth Boccasam
  • Bengaluru-based B2B SaaS startup Factors.AI has raised $2 million in seed funding from Elevation Partners, Emergent Ventures, Naveen Tiwari, Abhay Singhal, Piyush Shah, Mohit Saxena, Amit Gupta, Girish Mathrubootham, Krish Subramanian, Rajaraman Santhanam and Ramakant Sharma
  • Bengaluru-based edtech startup Codingal Education has raised $1 million in Seed funding from Y Combinator, Summer Capital, Day One Syndicate, Rebright Partners, Nate Lipscomb, Ganesh Rengaswamy, Peter Weck, Ashish Toshniwal, Viral Bajaria, Shashank Kumar, Karthik Ramakrishnan and Hiro Mizushima

Ecosystem Weekly | 22nd Aug’21

August 22, 2021

Polygon buys Hermez for first-of-its-kind blockchain network merger
Mark Cuban-backed blockchain scalability platform Polygon Technology has announced the acquisition of Hermez, a zero-knowledge (ZK) cryptography-based scaling project, for $250 million.
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Postman closes $225 million Series D round at $5.6 billion valuation
Postman , the San-Francisco and Bengaluru-based API platform startup, today announced that it has secured $225 million in a Series D round, placing its valuation at $5.6 billion.
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Startup News Snippets

M&A News

Market Pulse

  • Delhi-based fintech startup BharatPe has raised $27 million in debt funding from IIFL Wealth and Asset Management and Northern Arc Capital
  • Chandigarh-based agritech startup AgNext Technologies has raised $21 million in Series A funding from Alpha Wave Incubation, Omnivore and Kalaari Capital
  • Bengaluru-based financing platform Klub has raised $20 million in seed funding from 9Unicorns, Surge, Alter Global and GMO Venture Partners
  • Delhi-based NBFC SATYA MicroCapital has raised $18 million in funding from responsAbility Investments and BlueOrchard Finance Limited
  • Bengaluru-based healthtech Ultrahuman has raised $18 million in Series B funding from Alpha Wave Incubation, Scott Schleifer, Sandeep Singhal, Kunal Shah, Sujeet Kumar, Deepinder Goyal, Gunjan Patidar, Gaurav Munjal, Revant Bhate, Mohit Gupta, Vikram Dhingra and Roman Saini

Ecosystem Weekly | 15th Aug’21

August 15, 2021

Eruditus turns unicorn with $3.2B valuation after $650M round led by Accel, Softbank
Eruditus, the Mumbai headquartered edtech startup that offers professional education courses through collaboration with leading universities, has entered into the coveted unicorn club with a valuation of $3.2 billion.
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Dailyhunt parent VerSe Innovation raises $450M in Series I round
Bengaluru-based VerSe Innovation, a local language technology platform, has announced that it has raised $450 million in a Series I funding round from global investors Siguler Guff, Baillie Gifford and others.
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Startup News Snippets

M&A News

Market Pulse

  • Gurugram-based SaaS-based logistics startup Pickrr has raised $12 million in Series B funding from IIFL, Amicus Capital, Ananta Capital, Omidyar Network India and Guild Capital
  • Bengaluru-based battery-tech and deeptech startup Log 9 Materials has raised $9 million in Series A+ funding from ARBL, Exfinity Ventures and Sequoia Capital India
  • Chennai-based digital freight management platform Wiz Freight has raised $4 million in Seed funding from Axilor, Arali Ventures, Foundamental, Ramakant Sharma, LivSpace and Daniel Richner
  • Bengaluru-based community commerce app Ping has raised $4 million in Seed funding from Elevation Capital
  • Delhi-based D2C millennial cigarette brand Hash has raised $4 million in funding from Amrac Investment Trust, Kunal Shah, Jitendra Gupta, Ashneer Grover, Ankur Jain, Anshoo Sharma and Suhail Sameer
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