Tag: Startups

Ecosystem Weekly | 7th Jun '20

June 7, 2020
Amazon in talks to buy $2-bn stake in Bharti Airtel
Amazon.com is in early-stage talks to buy a stake worth at least $2 Bn in Indian mobile operator Bharti Airtel, three sources with knowledge of the matter told Reuters, underscoring the growing attraction of India’s digital economy for U.S. tech giants
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Abu Dhabi’s Mubadala to invest $1.2 Bn in Reliance’s Jio Platforms, Silver Lake commits $600 Mn more
Reliance Industries Abu Dhabi-based Mubadala Investment Company will invest $1.2 Bn in Jio Platforms as the Indian conglomerate roped in the sixth investor for its digital unit
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Startup News Snippets

M&A News

Market Pulse

  • Hyderabad-based immersive travel platform QuaQua has raised $1 Mn from Anthill Ventures and other existing investors
  • Bengaluru-based marketplace for fulfilling intracity last-mile deliveries LetsTransport has raised $1 Mn from Blacksoil Capital
  • Delhi-based SaaS startup Knorish has raised $323K as part of its Pre Series A funding round from 100X.VC, Standard Greases Family group and Uday Sodhi
  • India’s first of its kind debt resolution platform Credgenics, which combines the power of artificial intelligence with data science, has raised a seed round of funding from Titan Capital
  • Bengaluru-based online road transport marketplace Vahak has raised an undisclosed amount in its seed round from Leo Capital and other angel investors
  • Bengaluru-based packaged food brand for children Timios has raised Pre-Series A round from Rangsons Technologies and Paipal Ventures

Ecosystem Weekly | 26th Apr '20

April 26, 2020
Facebook to buy minority stake in Reliance’s Jio Platforms for $5.7 bn

Facebook Inc. will invest $5.7 Bn in the digital business of Reliance Industries Ltd, a deal that will help the social media giant expand its India presence and allow the oil-to-retail conglomerate to cut its huge debt pile.
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Delhi-based NBFC DMI raises $123M from South Korean gaming company Nexon
Delhi-based NBFC DMI Group has raised funding of $123 million from South Korean gaming company Nexon (NXC Corporation). This round of equity is led by DMI Limited, the holding company of the Indian lending arms of DMI.
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Startup News Snippets

M&A News

Market Pulse

  • Bengaluru-based global biopharma startup designing novel broad-spectrum antibiotics Bugworks Research has raised $8 Mn from University of Tokyo Edge Capital, Japan and Global Brain Corporation, Japan, and Acquipharma Holdings, South-Africa
  • Bengaluru-based online tutoring platform Vedantu Innovations has raised $7 Mn as part of its extended Series C round from South Korea’s KB Global
  • IT security solutions startup Indusface has raised $5 Mn from Tata Capital Growth Fund II. The funding will be used by Indusface for global customer acquisition and product innovation
  • Chennai-based API platform YAP has raised $4.5 Mn in its Series A round from BEENEXT, 8i Ventures Fund, The DMI Group via its AIF vehicle The Sparkle Fund, Better Capital, and HNIs
  • Bengaluru-based Poncho Hospitality which operates cloud kitchen platform Box8 has raised $4 Mn as part of its ongoing Series C funding round from Mayfield and IIFL Seed Ventures Fund
  • Motilal Oswal Real Estate, the real estate arm of private equity firm Motilal Oswal Private Equity has closed its India Realty Excellence Fund IV at $151 Mn

Ecosystem Weekly | 19th Apr '20

April 19, 2020

Zee to infuse $68.4 mn in tech arm SugarBox
Mumbai headquartered media major Zee Entertainment Enterprises has announced its plans to invest $68.4 million in its arm Margo Networks, which operates content distribution platform under the brand name SugarBox.
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Sequoia India bets more on Indonesian logistics startup Kargo
Kargo Online System PT, which operates Indonesian freight logistics marketplace Kargo Technologies, has raised $31 million in a Series A funding round.
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Startup News Snippets

M&A News

Market Pulse

  • Bengaluru-based AI chatbot startup Yellow Messenger has raised $20 Mn in Series B funding from Lightspeed Venture Partners and Lightspeed India Partners
  • Chennai-based non-banking financial company Shriram Transport Finance a part of the larger Shriram Group has raised $20 Mn in debt capital from development bank of Austria OeEB
  • US-based multinational software services company Autodesk will acquire a minority stake in the US- and Bengaluru-based Aurigo Software Technologies for an undisclosed amount
  • Mumbai-based on-demand logistics marketplace Porter has raised $18 Mn in Series D funding from Lightstone Global Fund. Porter works with FMCG, SMEs, traders, 3PLs, courier, & cargo firms
  • Bengaluru-based fintech lending startup Capital Float has raised $15 Mn from Ribbit Capital, Amazon, SAIF Partners, and Sequoia Capital India to expand its lending operations
  • Bengaluru based fintech startup Setu raised $15 Mn in Series A funding from Falcon Edge, Lightspeed Venture Partners US, Lightspeed India Partners, and Bharat Inclusion Seed Fund

Ecosystem Weekly | 12th Apr '20

April 12, 2020

Reliance Industries invests $66 Mn in edtech startup Embibe
Bengaluru-based edtech startup Embibe reported that it received a funding of nearly $66 Mn from its existing investor and shareholder Reliance Industries.
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Alibaba invests $50 million in BigBasket’s bridge round
Last year, BigBasket had raised $150 million led by Mirae Asset-Naver Asia Growth Fund, UK government-owned CDC Group, and existing backers like Alibaba.
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Startup News Snippets

M&A News

Market Pulse

  • Bengaluru-based online edtech startup Vedantu has raised $13 Mn as a part of its Series C1 round from Chinese venture firm Legend Capital and Omidyar’s Ohana Holding
  • Japan-based M3 has acquired the healthcare market research business of Bengaluru-based Manthan Software Systems for an undisclosed amount
  • Gurugram and Patna-based agritech platform DeHaat has raised $12 Mn in Series A funding round from Sequoia Capital, FMO, Omnivore & AgFunder
  • Skill-based gaming startup Zupee has raised $8 Mn in its Series A round from Matrix Partners India, Falcon Edge Capital, WestCap Group, Orios Venture Partners and Smile Group
  • Mumbai-based edtech startup Lido Learning, that focuses on live online tutorials, has raised $8 Mn in Series B round from Ant Financial-backed BAce Capital and existing investors
  • Hyderabad-based technology-enabled supply chain platform Akna Medical  has raised $7 Mn from LGT Lightstone Aspada

Ecosystem Weekly | 22nd Mar '20

March 22, 2020

ArcelorMittal, Nippon Steel sign $5.15 bn loan pact to refinance Essar Steel buy
Japan’s biggest steelmaker Nippon Steel Corp said that its joint venture with ArcelorMittal has signed a $5.15 Bn loan agreement with Japanese banks, including Japan Bank for International Cooperation.
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OYO receives infusion of $807M from SoftBank and RA Hospitality Holdings
Hospitality unicorn OYO Hotels & Homes has revived a tranche of $807 million of its Series F round of $1.5 billion it announced in October last year. The fresh tranche has come from existing investors SoftBank and Founder Ritesh Agarwal-owned RA Hospitality Holdings
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Startup News Snippets

M&A News

Market Pulse

  • Bengaluru-based consumer lending startup SmartCoin has raised $7 Mn in Series A funding led by LGT Lightstone Aspada, Unicorn India Ventures and Accion Venture Lab
  • Singapore-based AnyMind Group has fully acquired app-developer-focussed mobile video advertising and monetization platform Pokkt for an undisclosed amount
  • Mumbai-based SaaS platform Peel-Works has raised $4 Mn from CESC Ventures. The money was raised by issuing debentures, equity and Series C and Series D preference shares
  • US-based application management software & systems for Linux & Windows servers provider Idera has acquired JS tools & charting components provider FusionCharts for an undisclosed amount
  • Mumbai-based online marketplace Craftsvilla has raised $4 Mn in multiple tranches, from June 2019 to March 2020, from its Singapore-based parent company Supera Investments
  • Urbanclap Technologies India has acquired the assets of a Sydney-based on-demand beauty services startup Glamazon for an undisclosed amount

Ecosystem Weekly | 1st Mar '20

March 1, 2020

Tech Mahindra will acquire Zen3 Infosolutions for $64 Mn

Indian Multinational subsidiary of the Mahindra Group, Tech Mahindra will acquire the American and Indian unit of US-based AI and Machine learning firm Zen3 for $64 Mn
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Delhi headquartered Rupeek has raised $60 Mn Series C funding

Delhi-headquartered digital gold loans startup Rupeek has raised $60 Mn Series C funding from GGV Capital,  Bertelsmann India Investments, Binny Bansal, KBIC, Tanglin Venture Partners, Sequoia India and Accel Partners
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Startup News Snippets

M&A News

Market Pulse

  • Bengaluru-headquartered digital payments company PhonePe has received a fresh cash infusion of $60 Mn from its Singapore-based parent entity PhonePe, Singapore
  • Google India is accepting applications from startups for the fourth batch of Google for Startups Accelerator India programme
  • Singapore-based digital proptech company Elara Technologies has invested a total of $5 Mn in its two Indian subsidiaries – Gurgaon based Housing and PropTiger
  • Tech giant Microsoft has launched its 100X100X100 programme for software-as-a-service (SaaS) startups in India to promote the startup ecosystem of India
  • Mumbai-based venture capital firm Blume Ventures has announced the final close of its opportunity fund – Fund IIA – at $41 Mn for follow-on investments
  • Bennett Coleman and Company (BCCL), commonly known as The Times Group has acquired an equity stake in Bengaluru based cloud Kitchen startup Rebel Foods for $2.5 Mn

Ecosystem Weekly | 9th Feb '20

February 9, 2020

France’s Total to invest $510 mn in JV with Adani Green Energy
French energy giant Total SA will invest $510 Mn in an equal joint venture with Adani Green Energy that will hold solar energy assets.
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Baring PE India hits benchmark returns in partial exit from Manappuram Finance
Baring Private Equity Partners India has sold more than half of its stake in Thrissur-based gold loan financier Manappuram Finance for $101 Mn.
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Startup News Snippets

M&A News

Market Pulse

  • A vernacular podcasting platform Kuku FM has raised $6 Mn Series A funding from Singapore-based venture capital investment holding company Vertex Venture
  • Property search aggregator Square Yards Consulting has acquired Mumbai-based rental and property management platform Azuro for an undisclosed amount
  • Bengaluru-based edtech company Byju’s has raised an undisclosed amount of funding from General Atlantic. This round led Byju’s at the value of $8 Bn
  • Gurugram-headquartered artificial intelligence (AI)-driven logistics platform, fleetx has raised $3 Mn fresh funding from VCs and angel investors
  • Homegrown bicycle brand Frog’s Ahmedabad-based parent company AlphaVector has raised an undisclosed amount from Avaana Capital and Titan Capital
  • Edtech Startup which is a Local language learning app for India, Entri has raised $1 Mn seed funding from San Francisco-based Good Capital

Ecosystem Weekly | 26th Jan '20

January 26, 2020

Baring PE Asia closes seventh buyout fund at $6.5 Bn
Hong Kong-based alternative investment firm Baring Private Equity Asia has hit the final close of its seventh fund at its hard cap of $6.5 Bn
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ReNew Power Secures $450 Mn Funds Through Dollar Bonds
Continuing its streak of big investments, clean energy startup ReNew Power has raised $450 Mn funding through a dollar bond issuance. ReNew is planning to use this funding to refinance its previous borrowing, which will be maturing next year
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Startup News Snippets

M&A News

Market Pulse

  • Bengaluru-based online home design company Livspace has raised $60 Mn from Tahoe Investment Group, Mercer Investments, EDB Investment, Kharis Capital, and Nicholas Cator
  • Bengaluru-based self-drive car rental startup Zoomcar India has raised $30 Mn in its ongoing Series D funding from Sony Innovation Fund
  • US-based data analytics firm Qlik Technologies has acquired emerging technologies-enabled business consulting firm RoxAI for an undisclosed amount
  • An infrastructure fund managed by Edelweiss Group, Edelweiss Infrastructure Yield Plus will acquire a 74% stake in French gas and power utility Engie’s solar assets in India
  • Gurugram-based wealth management platform for HNIs, INDWealth, has raised $12 Mn as part of its Series C funding from Steadview Capital, Tiger Global, and DF International
  • Delhi NCR-based Smart Parking Startup Park+ has raised $11 Mn in funding from Sequoia Capital, Matrix Partners, Deep Kalra, Rajesh Magow, Kunal Shah and HNIs
  • Chicago-based SaaS platform to help consumer packaged goods companies increase revenue, Samya.ai has raised $6 Mn in seed funding from Sequoia Capital and HNIs

 

Ecosystem Weekly | 19th Jan '20

January 19, 2020

Piramal Enterprises to sell analytics unit Decision Resources Group for $950 mn
Piramal Enterprises Ltd has agreed to sell the healthcare analytics unit Decision Resources Group to US-based Clarivate Analytics Plc for $950 million
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Chinese automaker Great Wall agrees to buy General Motors’ India plant
Chinese automaker Great Wall Motor has agreed to buy General Motors’ car plant in Maharashtra. Great Wall, one of the biggest sellers of SUVs in China, is expected to pay about $250 million to $300 million to acquire the plant.
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Startup News Snippets

M&A News

Market Pulse

  • Bengaluru-based online grocery delivery platform and agritech Ninjacart has raised $10 Mn in Series C funding from Flipkart India and Singapore-based GEC3
  • Chennai-based logistics and supply chain startup Pando has raised $9 Mn in Series A funding from Chiratae Ventures, Nexus Venture Partners,  Siemens’ backed Next47 and other angel investors
  • Jay Shree Tea & Industries, a BK Birla group firm, is selling its Mata Tea and Gisakura Tea in Rwanda (Africa) to Belgium-based Grand Lacs Trading SA for $10 Mn
  • Hero Cycles, the bicycle manufacturing unit of Hero Motors Company, has acquired a stake in German premium e-bike maker HNF Nicolai in an undisclosed amount
  • Amazon’s payments arm, Amazon Pay, received $190 Mn while Amazon India’s B2B arm, Amazon Wholesale, got $50 Mn cash infusions from Amazon corporate holdings and Amazon.com
  • Wipro Ventures, the strategic investment arm of Wipro, closes Fund II of $150 Mn to invest in early to mid-stage companies, building innovative enterprise software solutions
  • Mumbai-based Online cosmetics and beauty products retailer Purplle has raised $8 Mn in Series C funding from Belgium-based investment firm Verlinvest

Ecosystem Weekly | 12th Jan '20

January 12, 2020

Edtech Unicorn Byju’s Gets $200 Mn From Tiger Global
Founded in 2008 by Divya Gokulnath and Byju Raveendran, Byju’s announced that it has raised funding from New York-based Tiger Global. The round reportedly valued Byju’s at $8 Bn.
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ESAF Small Finance Bank files for $135 mn IPO
Thrissur-based small finance bank ESAF on 6th Jan filed its draft red herring prospectus with the Securities and Exchange Board of India for an initial public offering of $135.6 million.
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Startup News Snippets

M&A News

Market Pulse

  • Honasa Consumer’s FMCG brand Mamaearth has raised $18 Mn in Series B funding from Sequoia India, Fireside Ventures, Stellaris Venture Partners and Sharp Ventures
  • Private investment company Lupa Systems buys majority stake in Indian online learning startup Harappa Education in an undisclosed amount
  • Flipkart Co-Founder & former CEO Sachin Bansal has acquired DHFL General Insurance from Wadhawan Group Capital for $14 Mn through his investment firm Navi Technologies
  • Medtech startup Axio Biosolutions has raised $5 Mn in Series B-1 funding from Omidyar Network India, Accel, University of California, Ratan Tata-backed RNT Fund, and Chiratae Ventures
  • Pharmacy retail chain Generico which is operated by Workcell Solutions has raised $1 Mn in venture debt from Alteria Capital as a part of Series A funding
  • Chandigarh-based fintech startup PayMart India has raised an undisclosed amount from IIM Ahmedabad’s incubator, CIIE.CO., and Chandigarh Angels
  • Agrochemical firm Crystal Crop Protection has acquired three insecticide brands from US-based agricultural company Corteva Agriscience in an undisclosed amount
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