Ecosystem Weekly | 30th May ’21
Tata Buys Majority Stake in BigBasket, to Compete Against Amazon, Flipkart
Tata Sons has acquired a majority stake in online grocery seller BigBasket, putting the Indian conglomerate in a direct race with e-commerce players Amazon.com Inc, Walmart’s Flipkart and Reliance Industries.
Zeta raises $250M from Softbank Vision Fund, attains unicorn status
Bengaluru-based banking tech startup, Zeta has become the latest unicorn after raising $250 million in a Series C funding round from Softbank Vision Fund 2 at a valuation of $1.45 billion.
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Startup News Snippets
M&A News
Market Pulse
- Mumbai-based corporate card startup Kodo has raised $9 million in seed funding from Brex, Goat Capital, Pioneer Fund and other HNIs
- Bengaluru-based mobility and smart parking startup Get My Parking has raised $6 million in funding from IvyCap Ventures and IAN Fund
- Bengaluru-based matchmaking startup Betterhalf.ai has raised $3 million in pre-Series A round from S2 Capital, Quiet Capital and other HNIs
- Gurugram-based mobile agritech startup FarMart has raised $2 million in pre-series A funding from Omidyar Network India, Avaana Capital, Indian Angel Network and LetsVenture
- Bengaluru-based edtech startup Tekie has raised $2 million in seed funding from GSV Ventures, Multiply Ventures and Better Capital
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.
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.
