Tag: M&A

Ecosystem Weekly | 04th Oct ’20

October 4, 2020

Walmart eyes large stake in Tata’s super app
Walmart Inc., the majority stakeholder in online retailer Flipkart, is looking to take up a large stake in the proposed super app of the Tata group.
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Mubadala picks up 1.4% stake in Reliance Retail for Rs 6,247.5 Cr
Abu Dhabi-based sovereign wealth fund Mubadala Investment will invest Rs 6,247.5 crores for a 1.4 percent stake in Reliance Retail.
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Startup News Snippets

M&A News

Market Pulse

  • Bengaluru-based online grocer Bigbasket will raise $400 Mn from Temasek, Tybourne Capital and Generation Investment Management
  • Gurugram-based academic group Sunstone Eduversity has raised $3 Mn in Series A funding led by Saama Capital
  • Bangalore-based cleantech startup GPS Renewables has raised $3 Mn in Series A funding led by Netherlands-based Hivos-Triodos Fund and Hyderabad-based Caspian
  • Ahmedabad-based retail chain Osia Hyper Retail has acquired 51% stake in Ahmedabad-based Infibeam Logistics for $3 Mn
  • Japan-based construction equipment manufacturer Kyokuto Kaihatsu Kogyo has acquired Bengaluru-based manufacturer of special-purpose vehicles Satrac Engineering for an undisclosed amount
  • Gurugram-based online marketplace for new and used vehicles Droom Technology has acquired Delhi-based augmented reality (AR) startup Visiolab Ideas for an undisclosed amount

Ecosystem Weekly | 27th Sept ’20

September 27, 2020

MR Infrastructure to sell stake in Kakinada SEZ for $354 Mn
GMR Infrastructure is selling its entire stake in a company that is building a port-based special economic zone in Andhra Pradesh for  $354 Mn as part of efforts to cut debt.
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HCL Technologies to acquire Australian IT firm DWS
Noida-based software services major HCL Technologies will acquire Australian information technology and business consulting company DWS Ltd for $118.6 Mn in cash.
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Startup News Snippets

M&A News

Market Pulse

  • Chennai-based enterprise debt platform Vivriti Capital has raised $14 Mn led by Creation Investments
  • Bengaluru-based jewellery startup Melorra has raised $12 Mn from Symphony Asia, Lightbox Ventures, and Alteria Capital
  • Mumbai-based after-sales services startup Onsitego has raised $10 Mn in Series B funding from IFC
  • Mumbai-based skincare brand mCaffeine has raised $6 Mn in Series B funding from Amicus Capital, RPSG Ventures, and Aman Gupta
  • Kerala-based healthtech startup BestDoc has raised $2 Mn in pre-series A funding from Arkam Ventures
  • Mumbai-based Reliance Retail will acquire part or all of UK-based retailer Debenhams

Ecosystem Weekly | 20th Sept ’20

September 20, 2020

Dream11 parent raises $225 Mn from Tiger Global, TPG, ChrysCapital, others
Dream11’s parent company Dream Sports on Monday announced it raised $225 Mn in a primary and secondary investment, led by Tiger Global Management, TPG Tech Adjacencies (TTAD), ChrysCapital, and Footpath Ventures.
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EverSource Capital plans to buyout Azure Power’ entire solar rooftop portfolio for around $112 Mn
In what may rank among the largest solar rooftop deals in India, EverSource Capital plans to buy out the entire 167 MW solar rooftop portfolio of NYSE-listed Azure Power Global for around $112 Mn.
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Startup News Snippets

M&A News

Market Pulse

  • Delhi-based vernacular gaming platform WinZO has raised $18 Mn in Series B from Makers Fund and Courtside Ventures
  • Bengaluru-based fintech startup Avail Finance has raised $11 Mn in Series B from Alpha Wave Incubation
  • Bengaluru’s technology-based home interiors service provider HomeLane has raised $8 Mn in a bridge round from Stride Ventures and other existing investors
  • Bengaluru-based global recruitment platform for blue/gray collar workforce Apna.co has raised $8 Mn in Series A funding from Lightspeed India and Sequoia Capital India
  • Bengaluru-based AI-powered emotional intelligence platform Entropik Tech has raised $8 Mn in Series A funding from Alpha Wave Incubation
  • New Delhi-based Oncquest Laboratories has acquired a large diagnostics lab in Gurugram from Strand Life Sciences as part of its plans to expand its operations in India

Ecosystem Weekly | 13th Sept ’20

September 13, 2020
Silver Lake to pick up 1.75%  stake in Reliance Retail for Rs 7,500 Cr
Private equity company Silver Lake Partners will invest Rs 7,500 crore in Reliance Retail for a 1.75 percent stake.

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Japan’s Orix Corp to invest $980 Mn in Greenko Energy at $5.75 Bn valuation
NYSE-listed Japanese conglomerate Orix Corporation has agreed to invest $980 Mn for a roughly 18-20% stake in Greenko Energy Holdings, its largest overseas investment till date.
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Startup News Snippets

M&A News

Market Pulse

  • Delhi-based vernacular gaming platform WinZO has raised $18 Mn in Series B from Makers Fund and Courtside Ventures
  • Bengaluru-based fintech startup Avail Finance has raised $11 Mn in Series B from Alpha Wave Incubation
  • Bengaluru’s technology-based home interiors service provider HomeLane has raised $8 Mn in a bridge round from Stride Ventures and other existing investors
  • Bengaluru-based global recruitment platform for blue/gray collar workforce Apna.co has raised $8 Mn in Series A funding from Lightspeed India and Sequoia Capital India
  • Bengaluru-based AI-powered emotional intelligence platform Entropik Tech has raised $8 Mn in Series A funding from Alpha Wave Incubation
  • New Delhi-based Oncquest Laboratories has acquired a large diagnostics lab in Gurugram from Strand Life Sciences as part of its plans to expand its operations in India

Ecosystem Weekly | 06th Sept ’20

September 6, 2020
Silver Lake to invest in Reliance Retail
Private equity firm Silver Lake is looking to invest close to $1 Bn in Mukesh Ambani’s Reliance Retail for about 1.8% stake.

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Norway’s Orkla to take control of Eastern Condiments, merge with MTR Foods
Norwegian consumer goods maker Orkla has decided to acquire a majority stake in Eastern Condiments Pvt. Ltd and merge it with wholly-owned unit MTR Foods Pvt. Ltd in a deal that will help it double its sales in India.
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Startup News Snippets

M&A News

Market Pulse

  • Delhi-based vernacular gaming platform WinZO has raised $18 Mn in Series B from Makers Fund and Courtside Ventures
  • Bengaluru-based fintech startup Avail Finance has raised $11 Mn in Series B from Alpha Wave Incubation
  • Bengaluru’s technology-based home interiors service provider HomeLane has raised $8 Mn in bridge round from Stride Ventures and other existing investors
  • Bengaluru-based global recruitment platform for blue/gray collar workforce Apna.co has raised $8 Mn in Series A funding from Lightspeed India and Sequoia Capital India
  • Bengaluru-based AI powered emotional intelligence platform Entropik Tech has raised $8 Mn in Series A funding from Alpha Wave Incubation
  • New Delhi-based Oncquest Laboratories has acquired a large diagnostics lab in Gurugram from Strand Life Sciences as part of its plans to expand its operations in India

Ecosystem Weekly | 30th Aug ’20

August 30, 2020

PAG to acquire 51% in wealth management, investment banking biz of Edelweiss for Rs 2,244 cr
PAG has agreed to buy a controlling stake in the wealth management and capital markets business of Edelweiss Financial Services that also includes investment banking, its first large deal in the country after setting up a local base in 2019.
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BYJU’S raises Rs 908.9 Cr from DST Global
Edtech startup BYJU’S is raising about Rs 909 crore in funding from billionaire Yuri Milner-led DST Global, according to regulatory documents.
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Startup News Snippets

M&A News

Market Pulse

  • Mumbai-based credit platform Blacksoil Capital has raised $3 Mn from 60+ investors through a private placement of Non-convertible Debentures
  • Gurugram-based health education startup Virohan has raised $3 Mn in Seed and Series A funding from Keiretsu Forum, Elea Foundation for Ethics in Globalisation and the Singh Family Trusts
  • Delhi-based Baazi Games has raised $2 Mn in seed round funding from Udtara Ventures for its RummyBaazi platform and Baazi Games will infuse another $1 Mn to expand its Rummy platform in India
  • Chennai-based EV battery startup Grinntech has raised $2 Mn from a set of HNIs and senior people from the automotive industry
  • Gurugram-based social commerce platform OneCode has raised an undisclosed amount from WaterBridge Ventures

 

Ecosystem Weekly | 23rd Aug ’20

August 23, 2020

Lightspeed raises $275 million in funds for India
Lightspeed India Partners on Tuesday announced it has closed $275 Mn from LPs for its third fund as the top American venture firm looks to ramp up its investments in the world’s second-largest internet market.
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Baring PE Asia betting $133 Mn on RBL Bank; Gaja to return, CDC topping up
Baring Private Equity Asia will become the biggest shareholder of India’s mid-sized private-sector lender RBL Bank by picking up a 9.45% stake in the latest fundraising cycle worth $210 Mn
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Startup News Snippets

M&A News

Market Pulse

  • Bengaluru-based tech VC fund Chiratae Ventures has raised $10 Mn from UK-based CDC Group
  • Bengaluru-based Indian short-form video app Mitron has raised $5 Mn from Nexus Venture Partners
  • Bengaluru-based private earth imaging startup Pixxel has raised $5 Mn in seed funding from Blume Ventures, growX Ventures, and     Lightspeed Ventures
  • Bengaluru-based water purifier startup DrinkPrime had raised $3 Mn in pre-Series A round of funding from Sequoia Capital and               Omidyar Network India
  • Bengaluru-based education startup Masai School has raised $2 Mn in Pre-Series A round of funding from Unitus Ventures, India
  • Quotient and AngelList India
  • Bengaluru-based freshwater fish and seafood supply chain platform Captain Fresh has raised $2 Mn in pre-Series A round of                 funding from Ankur Capital, Incubate Fund India, and angel investors

Ecosystem Weekly | 16th Aug ’20

August 16, 2020

Shell eyes stake in Nayara’s $9 bn petrochemical project
Oil major Royal Dutch Shell plans to buy a 50% stake in Indian-based Nayara Energy’s up to $9 billion planned petrochemical project
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E-health cos Medlife and PharmEasy in talks for $200 million merger deal
E-health companies Medlife and PharmEasy are in talks for a merger deal valued at $200-$250 million
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Startup News Snippets

M&A News

Market Pulse

  • Bengaluru-based indigenous short video-sharing app Chingari, has raised $1 Mn in a seed round from venture capitalists, including AngelList India, Utsav Somani’s iSeed, Village Global, LogX Ventures, and Jasminder Singh Gulati of NowFloats
  • California-based online climate school Terra.do has raised $1 Mn in seed round from Stanford Angels and Entrepreneurs (India), BEENEXT Emerging Asia and Zerodha-backed Rainmatter Capital
  • Mumbai-based fintech startup has raised $1 Mn in seed round from Orios Venture Partners
  • Mumbai-based document AI startup DocSumo has raised seed funding of $220 K from Better Capital, TechStars, and Barclays
  • Mumbai-based Incred Asset Management has acquired Vishuddha Capital. The amount will be used to take this business to new heights
  • Noida-based education technology startup ConveGenius Edu Solution has acquired Gray Matters India for an undisclosed amount

Ecosystem Weekly | 9th Aug ’20

August 9, 2020
DST Global to pump money in Byju’s

DST Global, the investment firm headed by Russian-Israeli billionaire Yuri Milner, may invest up to $400 million (Rs 3,005 crore) in Indian ed-tech unicorn Byju’s at a valuation of about $10.5 billion
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Byju’s has acquired edtech startup WhiteHat Jr. for $300 million
Byju’s has acquired edtech startup WhiteHat Jr. for $300 million as the Indian online learning giant looks to expand its dominant reach in the country
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Startup News Snippets

M&A News

Market Pulse

  • Bengaluru-based Wow Skin Science will raise $55 Mn from PE Everstone Group
  • San Francisco-based Edtech startup Springboard has raised $31 Mn in Series B funding led by Telstra Venture
  • Kolkata-based tech startup Data Sutram has raised $266 K from Indian Angel Network angels Uday Sodhi, Mitesh Shah, and Nitin Jain
  • Delhi-based health and wellness brand Fitspire has raised $200 K in a pre-seed round led by Nikhil Parmar, Priyanka Madnani and Sukhbir Singh
  • Bengaluru-based Myntra has acquired Deepika Padukone’s stake from the All About You brand
  • US based-Microsoft will acquire TikTok in North America, Australia, and New Zealand

 

 

Ecosystem Weekly | 2nd Aug ’20

August 2, 2020
Brookfield eyes stake in RMZ’s office projects to add heft in proposed REIT

Canada’s Brookfield Asset Management is in talks to strike a deal for the office projects of Bengaluru-based developer RMZ Corp.
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SaaS Unicorn Freshworks Bags $85 Mn From Steadview Capital

Indian SaaS unicorn Freshworks has raised $85 Mn in Series H from alternative asset manager Steadview Capital Management through a secondary transaction.
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Startup News Snippets

M&A News

Market Pulse

  • Gurugram-based enterprise tech startup Delighttree has raised $3Mn in a seed round from  Accel Partners, Emergent Ventures, Brainstorm Ventures, Axilor Ventures, and Alchemist Accelerator
  • IIT-Madras-incubated startup “Muse Wearables” has raised Rs 22 crore to launch its wrist tracker that can detect COVID-19 symptoms at an early stage
  • Ahmedabad-based cloud kitchen startup BigSpoon Foods has raised $2 Mn in Pre-Series A funding from Urmin Family Office, Lemonade Ventures, TrueValue Group MD Yash Shah, investors from Vcats Network and other HNIs for product and brand development
  • Mumbai-based game development studio Firescore Interactive has raised $500 K funding led by CrazyLabs. The funds will be utilized to launch the first-ever Hyper Casual Gaming Hub in India for game studios around the world
  • Bengaluru-based homegrown short video platform Chingari has raised $1 Mn in seed funding from LogX Ventures, AngelList’s Utsav Somani, NowFloats’ Jasminder Singh Gulati, AL Trust (Vistra ITCL), Village Global
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