Ecosystem Weekly | 21st Mar ’21
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).
Startup News Snippets
M&A News
Market Pulse
- Bengaluru-based tech startup FloBiz has raised $10 million in Series A funding from Elevation Capital, Greenoaks Capital and Beenext
- Bengaluru-based coding bootcamp startup Masai School has raised $5 million in Series A funding from Omidiyar Network India, Unitus Investors, India Quotient and AngelList India
- Bengaluru-based finance platform for MSMEs Rupifi has raised $4.1 million in a Pre-Series A funding from Quona Capital, Ankur Capital and Binny Bansal
- Delhi-based grooming startup Bombay Shaving Company has raised $2 million in funding from Sixth Sense Ventures
- Bengaluru-based SaaS startup Voiro has raised $1.8 million in pre-Series-A funding from Mela Ventures and 1Crowd
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.
Info Edge on Monday said its investee company Zomato has raised $250 million (over Rs 1,800 crore) in funding from Tiger Global, Kora, and others, valuing the online food ordering platform at $5.4 billion.
Infra Market joins the unicorn club, raises $100 million in a Series C round led by Tiger Global. The new fund raise will enable Infra. Market to enhance its technological offerings, seed newer markets and advance their initiatives.
Tata Group plans to acquire 68% stake in BigBasket for Rs 9,500 crore
Fintech lending startup KreditBee raised $75 Million in Series C funding round
Fintech platform BharatPe raises $108 M in series D round
VerSe Innovation raises $100M from Qatar Investment Authority, Glade Brook Capital Partners
Online travel firm MakeMyTrip to raise $200M through debt securities issuance
Healthtech firm Indegene raises $200M from Carlyle Group, Brighton Park
Aditya Birla Fashion Buys 51% stake in Sabyasachi Couture for Rs 398 crore
Makers Hive raises $9M from Starfish Growth Partners, Investpad
Dunzo raises $40M in Series E round from Google, Lightbox, others
DeHaat raises $30M Series C investment led by Prosus Ventures, RTP Global
Unacademy’s lead investors increase stakes, buy additional shares worth $50M
Digital Insurance becomes First Unicorn of 2021 with $18 Mn fundraise 
