Ecosystem Weekly | 09th May ’21
Westbridge Capital drives $41 mn funding round in Rapido
Bengaluru-based online bike/taxi aggregator Rapido has raised Rs 302.06 crore (about $41.16 million as per current exchange rates) in a Series C funding round from a clutch of investors, led by Westbridge Capital.
Read More
MOPE invests in Fincare Small Finance Bank; True North makes part-exit
Motilal Oswal Private Equity (MOPE) has picked up a minority stake worth around Rs 185 crore ($25 million) in Fincare Small Finance Bank through a secondary deal.
Read More
Startup News Snippets
M&A News
Market Pulse
- Mumbai-based wealth management and investment advisory firm Arthya Wealth and Investments has raised $1 million in pre-Series A funding from Bagla Group and Krishen Lal Khanna
- Mumbai-based fashion network 6Degree has raised $1 million in Series A funding from SucSEED Indovation Fund, Keiretsu Forum, SucSEED Angel Network and AngelBay
- Chennai-based automated cognitive inspection startup Jidoka Technologies has raised $340K in seed funding from an undisclosed investor
- Jodhpur-based Agetech startup Sarathi Healthcare has raised $137K in seed funding from Bharat, Nitin Sethi, Vishal Dhikale, Swapnil Bagul, Gaurav Satbhai and Jayshree Harak
- Pune-based IoT platform iobot has raised $100K from GSF Accelerator, Pras Hanuma, Dinesh Agarwal and J. Murugavel
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).
Mumbai-based online insurance platform Turtlemint on Tuesday said it has raised a fresh round of growth financing from Singapore-based Jungle Ventures, bringing its Series D fundraise to $46 million.
NODWIN Gaming, a subsidiary of Nazara Technologies, has raised Rs 164 crore (approximately $22.5 million) from Krafton, the South Korean developer of PUBG.
Chennai-based digital debt platform Northern Arc on Tuesday announced it has received $50 million in debt financing from US International Development Finance Corporation (DFC).
Open-source distributed SQL database Yugabyte announced a $48 million funding round, led by Lightspeed Venture Partners with participation from Greenspring Associates, Dell Technologies Capital, Wipro Ventures, and 8VC.
