Tag: M&A

Ecosystem Weekly | 17th Jan ’21

January 17, 2021
Unacademy’s lead investors increase stakes, buy additional shares worth $50M
Edtech unicorn Unacademy has announced that it has concluded a new secondary transaction round.
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Digital Insurance becomes First Unicorn of 2021 with $18 Mn fundraise 
Bengaluru-based insurtech startup Digit Insurance has become the first Indian startup to enter the unicorn club in 2021.
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Startup News Snippets

M&A News

Market Pulse

  • Patna-based agritech startup Ergos has raised $3 Mn in funding led by CDC Group, Aavishkaar Capital, and Chiratae Ventures
  • Goa-based spirits company Nao Spirits & Beverages has raised $2 Mn in Series A funding led by existing investors, family offices, and a boutique VC firm
  • Mumbai-based B2B on-demand manufacturing platform Karkhana.io has raised $1.5 Mn in seed funding led by Vertex Ventures Southeast Asia and India
  • Bengaluru-based food delivery startup FreshMenu has raised $478K in Series B1 funding led by Lightspeed India, Zodius Technology fund, and Vistra India
  • Delhi-based global TaaS platform KIWI has raised $250K in seed funding led by PointOne Capital, Core91 VC, AppyHigh, and other angel investors

Ecosystem Weekly | 10th Jan ’21

January 10, 2021

Udaan raises $280M from existing and new investors
B2B unicorn Udaan has raised $280 million in additional financing from its existing and new investors.
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Made in India brand boAt raises $100M from Warburg Pincus, plans to expand its product line
boAt, founded in 2016 by Aman Gupta and Sameer Mehta, has secured $100 million in PE funding from Warburg Pincus
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Startup News Snippets

M&A News

Market Pulse

  • Kolkata-based conversational AI platform Mihup Communications has raised $2 Mn in Series A round. The funding is led by Accel Partners, Ideaspring Capital, venture capitalists Rajesh Jain and Jayant Kadambi
  • Bengaluru-based digital radiology platform 5C Network has raised pre Series A funding of $1 Mn from Unitus Ventures and Axilor Ventures
  • Mumbai-based social gaming startup Bombay Play has raised $1 Mn in seed funding led by Lumikai
  • Mumbai-based Ethereum Push Notification Service has raised $750 K in seed funding from prolific angel investors and HNIs
  • US-based private equity firm TPG will acquire a 7% stake in Mumbai-based online pharmacy Pharmeasy
  • California-based customer service platform for the e-commerce industry Richpanel has raised an undisclosed investment from Sequoia Capital India’s Surge

Ecosystem Weekly | 3rd Jan ’21

January 3, 2021

Aye Finance Bags $10 Mn In Debt From Catalyst Trusteeship
Gurugram-based financial services startup Aye Finance has raised INR 77 Cr ($10 Mn) in debt from Pune based Catalyst Trusteeship Limited through its AAV Sarl and Masala Investment Sarl.
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DLF’s rental arm to buy out Hines from One Horizon Centre
DLF Cyber City Developers Limited, the rental arm of real estate developer DLF Group, has entered into an agreement to buy out US development and investment firm Hines’ stake in One Horizon Center, the company said in a statement on Friday.
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Startup News Snippets

M&A News

Market Pulse

  • New Delhi-based escrow-as-a-service platform NCOME has raised pre-seed funding of $486K from Venture Catalysts and PointOne Capital.
  • Chennai-based Agritech startup Aqgromalin has raised $270 k from Middle East-based angel investors.
  • Bengaluru-based edtech startup Vedarsy Technologies has raised $135K in pre-seed round funding from GSF Accelerator and Shashank Kumar.
  • Bengaluru based agri-tech startup Qzense Labs has raised $613K in seed capital funding from incubator and accelerator Venture Catalysts.
  • Pune-based menstrual hygiene management startup PadCare Labs has raised an undisclosed amount in pre-seed funding round from Pune based technology startup incubator Venture Center under BIRAC’s LEAP Fund.

Ecosystem Weekly | 13th Dec ’20

December 13, 2020

Tatas eyeing a majority stake in Bigbasket, line up $1.2 billion investment for e-commerce business
Tata Group is lining up investments of around $1.2 billion in the e-commerce space to strengthen its position in a segment that is expected to grow at a CAGR of over 20% over the next five years.
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FreshToHome attracts additional investment from Abu Dhabi Investment Office (ADIO)
The Bengaluru-based online fresh fish and poultry delivery startup FreshToHome is raising financial and non-financial incentives from the Abu Dhabi Investment Office (ADIO).
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Startup News Snippets

M&A News

Market Pulse

  • Kolkata-based conversational AI platform Mihup Communications has raised $2 Mn in Series A round. The funding is led by Accel Partners, Ideaspring Capital, venture capitalists Rajesh Jain and Jayant Kadambi
  • Bengaluru-based digital radiology platform 5C Network has raised pre Series A funding of $1 Mn from Unitus Ventures and Axilor Ventures
  • Mumbai-based social gaming startup Bombay Play has raised $1 Mn in seed funding led by Lumikai
  • Mumbai-based Ethereum Push Notification Service has raised $750 K in seed funding from prolific angel investors and HNIs
  • US-based private equity firm TPG will acquire a 7% stake in Mumbai-based online pharmacy Pharmeasy
  • California-based customer service platform for the e-commerce industry Richpanel has raised an undisclosed investment from Sequoia Capital India’s Surge

Ecosystem Weekly | 6th Dec ’20

December 6, 2020

S&P Global to snap up IHS Markit in biggest M&A of 2020
Data giant S&P Global Inc has agreed to buy IHS Markit Ltd in a deal worth $44 billion that will be 2020′s biggest merger, creating a heavyweight in the increasingly competitive market in financial information.
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Eightfold.ai enters unicorn club; raises $125M in Series D round led by General Catalyst
Talent intelligence platform Eightfold.ai on Monday said it has raised $125 million in its latest funding round. With this, the Noida-based startup is now valued at $1 billion, making it the latest entrant to the startup unicorn club.
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Startup News Snippets

M&A News

Market Pulse

  • Pune-based industrial internet of things company Infinite Uptime has raised $5 Mn in funding led by VenturEast
  • Seattle-based cloud governance and compliance SaaS startup CoreStack has raised $4 Mn in funding led by Iron Pillar
  • Bengaluru-based no-code AI platform Signzy has raised an additional $3 Mn from Vertex Ventures
  • Bengaluru and Singapore-based educational technology platform Kyt has raised funding of $3 Mn led by Sequoia Capital India’s Surge
  • Mumbai-based Purple Style Labs, which operates several luxury fashion brands has acquired the eponymous label of designer Wendell Rodricks
  • California-based smart city-focused firm Quantela has acquired a minority stake in California-based cognitive multimedia analytics firm Graymatics

 

Ecosystem Weekly | 29th Nov ’20

November 29, 2020

Bharti Group co-invests in SpaceX competitor OneWeb’s $1 Bn rescue deal
Satellite operator OneWeb has emerged from Chapter 11 bankruptcy protection with $1 Bn in equity investment from a consortium of the UK Government and India’s Bharti Enterprises, the new owners of the UK-based company.
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CARS24 joins unicorn club after raising $200M in latest round
CARS24 Services, an online marketplace for used cars, became the latest startup to join India’s unicorn club after raising $200 million in its latest series E fundraising round led by Russia-born billionaire Yuri Milner’s DST Global
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Startup News Snippets

M&A News

 

Market Pulse

  • Mumbai-based app-based bus service Cityflo has raised $8 Mn in Series A funding led by Lightbox Ventures
  • Gurugram-based digital logistics platform Shipsy has raised $6 Mn in funding co-led by Sequoia Capital India’s Surge and Info Edge
  • Bengaluru-based co-living residential startup Olive Residencies has raised $5 Mn in funding led by Embassy Group
  • Bengaluru-based employee insurance startup Plum has raised $4 Mn in funding led by Sequoia Capital India’s Surge and Tanglin Venture Partners
  • New Delhi-based debt resolution startup Credgenics has raised $4 Mn in pre-Series A funding led by Accel Partners, DMI Alternatives fund and Titan Capital
  • Mumbai-based Free and Open Source Enterprise Resource Planning ERP Next has raised $1 Mn in funding led by Rainmatter Capital

 

Ecosystem Weekly | 22nd Nov ’20

November 22, 2020

Blackstone, Embassy Group to sell office park to REIT for $1.3 Bn
Private equity giant Blackstone and Bengaluru developer Embassy Group will sell an office park they own in Bengaluru to a real estate investment trust they have jointly sponsored for $1.3 Bn
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JSW Infrastructure acquires Chettinad Group’s ports business
JSW Infrastructure Ltd, an arm of the publicly listed JSW Steel Ltd, has acquired the ports business of the Chennai-based Chettinad Group
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Startup News Snippets

M&A News

Market Pulse

  • Mumbai-based fashion brand DaMENSCH has raised $7 Mn in funding led by Matrix Partners India, Saama Capital, Whiteboard Venture Partners, and Alteria Capital
  • Bengaluru-based online platform for buying and selling dairy and cattle Animal Technologies has raised $6 Mn in Series A funding led by Sequoia Capital India Seed Investment
  • Thane-based fantasy gaming platform PlayerzPot has raised $3 Mn in Series A funding from unknown investors
  • Bengaluru-based AI-driven deep-tech content startup Instoried has raised $1 million in pre-Series A funding led by 9Unicorns and Mumbai Angels
  • New Delhi-based personal care startup Arata has raised $1 Mn in pre-Series A funding led by Nikhil Vora and Rohan Vaziralli. Existing investor DSG Consumer Partners, along with promoters also participated in this round
  • Mumbai-based professional services MNC EY India has acquired Gurugram-based end-to-end skilling platform Spotmentor Technologies

Ecosystem Weekly | 15th Nov ’20

November 15, 2020

Grasim to sell fertiliser business to Indorama for $355 mn
Grasim Industries Ltd has agreed to sell its fertiliser business to Singapore’s Indorama Corporation Pte. for Rs 2,649 Crore (about $355 million) in cash.
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Biocon Biologics gets Rs 1,125 Cr capital infusion from Goldman Sachs
Biocon has announced that its subsidiary Biocon Biologics has approved a Rs 1,125 crore investment from Goldman Sachs.
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Startup News Snippets

M&A News

Market Pulse

  • Bengaluru-based learning and community platform FrontRow has raised seed funding of $3 Mn led by Lightspeed and Elevation Capital
  • Gurugram-based social commerce platform Citymall has raised $3 Mn in seed funding led by Elevation Capital
  • Bengaluru-based school communication platform Uolo Technologies has raised $3 Mn in Pre-Series A funding led by Omidyar Network India and Blume Ventures
  • Singapore-based B2B sales productivity startup Nektar.ai has raised seed funding of $2 Mn led by Nexus Venture Partners
  • Kolkata-based healthtech startup iKure has raised an undisclosed amount of funding from Ratan Tata
  • Pune-based omnichannel electronics retail platform Gabbardeals has acquired Pune-based SaaS firm InstaOne Software for an undisclosed amount

Ecosystem Weekly | 8th Nov ’20

November 8, 2020

Saudi Arabia’s PIF invests Rs 9,555 Cr in Reliance Retail
Billionaire Mukesh Ambani-run Reliance Industries’ retail arm on Thursday raised Rs 9.5K Cr from PIF of Saudi Arabia, taking the total fundraise in the last two months to Rs 47K Cr.
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TPG, Temasek-backed Manipal Hospitals to acquire Columbia Asia’s India ops
Multi-speciality healthcare provider and operator Manipal Hospitals has announced that it will fully acquire Columbia Asia Hospitals Pvt Ltd, just weeks after reports suggested that the two were in advanced acquisition talks.
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Startup News Snippets

M&A News

Market Pulse

  • Bengaluru-based AI-based marketing cloud startup PyxisPM has raised $7 Mn in Series A funding led by Chiratae Ventures, Pi Ventures and Exfinity Venture Partners
  • Bengaluru-based e-commerce startup Glowroad has raised $7 Mn funding from Accel and Vertex Ventures
  • Gurugram-based fintech company One MobiKwik has raised $6 Mn from Hindustan Media Ventures
  • Vadodara-based electric vehicle charging startup CHARGE+ZONE has raised $3 Mn in pre-Series A round led by Venture Catalysts
  • Gurugram-based education technology firm Stones2milestones has raised $3 Mn in bridge funding led by existing investor Unreasonable Capital and Goldhrish Foundation
  • Mumbai-based quick service restaurant startup Charcoal Eats has raised $2 Mn in funding round led by Lokmat Investments

Ecosystem Weekly | 1st Nov ’20

November 1, 2020

Aurobindo Pharma to sell US-based nutritional firm Natrol for $550 Mn
Aurobindo Pharma Ltd has agreed to sell its American nutritional supplement making unit Natrol for $550 Mn, six year after buying the company.
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Pidilite to acquire Araldite maker Huntsman’s India unit for $284 mn
Pidilite Industries has agreed to acquire the India unit of US-based Huntsman Group that makes adhesives and sealants under brands such as Araldite and Araseal.
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Startup News Snippets

M&A News

Market Pulse

  • Bengaluru-based tech platform delivering digital solutions for blue-collar workforce management throughout the value chain Betterplace has raised $10 Mn in Series B funding led by Jungle Ventures
  • Bangaluru-based B2B Retail-tech firm Arzooo has raised $8 Mn in Series A funding led by WRVI Capital
  • New Delhi-based agritech supply chain and trade finance firm Origo had raised $5 Mn debt funding from Northern Arc Capital
  • San Francisco-based global virtual events platform Hubilo has raised $5 Mn in seed funding led by Lightspeed Venture Partners
  • Mumbai-based fintech startup focused on the supply chain finance segment CredAble raised $5 Mn in follow-on funding from its existing investors — Oaks Asset Management and V’Ocean Investment
  • Bengaluru-based live online teaching platform Teachmint has raised $4 Mn seed funding led by Lightspeed India

 

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