Ecosystem Weekly | 06th June’21
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.
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.
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
Tata Buys Majority Stake in BigBasket, to Compete Against Amazon, Flipkart
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.
