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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 | 5th Apr '20

April 5, 2020

MedGenome Raises $55 Mn In Fresh Funding To Expand In Tier 2-3 Markets
Bengaluru-based health-tech startup MedGenome has raised $55 Mn in a fresh funding round. The investment has been reportedly led by LeapFrog Investments.
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Unicorn India Ventures has announced the first close of its $52 Mn Fund II with a corpus of $12 Mn
The fund will be used to invest in early-stage startups, in Pre-Series A and Series A rounds, across several sectors.
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Startup News Snippets

M&A News

Market Pulse

  • Bengaluru-based fintech startup Recko has raised $6 Mn from Vertex Ventures and Prime Venture Partners.
  • Aster DM Healthcare has sold its Kuwait subsidiaries, Aster Kuwait Pharmaceuticals & medical equipment firm WLL to Pharmazone and Palestine Pharmacy Company for an undisclosed amount
  • Bengaluru-based agritech supply chain startup Ergos has raised $5 Mn in a Series A funding round from Aavishkaar Group’s equity investment arm Aavishkaar Capital
  • Gurugram-based edtech startup focused on building a global online school for K-12 Camp K12 has raised $4 Mn in a seed funding round from Matrix Partners India and SAIF Partner
  • Mumbai-based Tapits Technologies which owns and operates fintech startup Fingpay has raised $4 Mn in a Series A funding round from IvyCap Ventures
  • Mumbai-based edtech startup Lido Learning has raised $3 Mn in Series B funding from Rocket Internet founder Alex Samwer-backed Picus Capital and Paytm president Madhur Deora

Ecosystem Weekly | 29th Mar '20

March 29, 2020

NTPC to buy out govt from two hydel firms for $1.54 Bn
India’s largest power producer, govt-owned NTPC Ltd, has said it will acquire entire central govt stakes in two hydropower companies THDC India Ltd & NEEPCO for $1.54 Bn
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Kubota Corp buys 10% stake in Escorts for $139 Mn
Kubota Corporation (Kubota), a leading global tractor and machinery manufacturer from Japan, will acquire 10% equity stake, on a post capital reduction basis, in Escorts Ltd. (Escorts), a leading engineering conglomerate in India
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Startup News Snippets

M&A News

Market Pulse

  • Mumbai-based Checkers India Technology which operates B2B platform Excess2Sell has raised $1 Mn in funding from Gautham Madhavan, an angel investor & a director at Florintree Advisors
  • Pune-based IT firm Nihilent has acquired cross-disciplinary advertising platform Hypercollective, operated by Hyper Collective Creative Technologies for an undisclosed amount
  • Hyderabad-based education services startup Univariety which is operated by International Educational Gateway will raise $1 Mn from Info Edge the parent of jobs portal Naukri.com
  • The India team of the US-based PE firm TA Associates will acquire a stake in Accion Labs a software engineering product company focused on emerging technologies for an undisclosed amount
  • Bengaluru-based SME-focused fin-tech Rupifi has raised an undisclosed amount as part of its pre-seed funding from Ashneer Grover, Kunal Shah, and other angel investors
  • Bengaluru-based online grocery platform BigBasket, operated by Supermarket Grocery Supplies has fully acquired Bengaluru-based micro-delivery startup DailyNinja for an undisclosed amount

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 | 15th Mar '20

March 15, 2020

Northern Arc Announces First Close Of India Impact Fund At $23 Mn
Debt fund management company Northern Arc Investments has announced the first closing of its latest fund – Northern Arc India Impact Fund – at $23 Mn
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STRIVE Closes Fund III At Over $100 Mn To Invest In B2B Startups
Tokyo-based venture capital firm STRIVE has announced the final close of its third fund — STRIVE III — at over $100 Mn to continue its investment spree in India, Southeast Asia and Japan
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Startup News Snippets

M&A News


 
 
 
 
 
 

Market Pulse

  • Delhi-based post-harvest agritech startup Arya has raised $6 Mn pre-Series B funding from Omnivore and LGT Lightstone Aspada to accelerate the growth of its Agri storage network
  • San Francisco – and Bengaluru-based fintech platform for Indian students pursuing international higher education Leap Finance has raised $6 Mn from Sequoia Capital
  • Gurugram-based fintech marketplace offering products for small business owners, Chqbook.com has raised $5 Mn in Series A funding from Aavishkaar Capital
  • Ecommerce platform for beverages and snacks Paper Boat has raised $4 Mn in two different rounds from Advent Management, A91 Emerging Fund, and Trifecta Venture
  • US-based VC firm Lightspeed Venture Partners that have invested in Indian Unicorn startups BYJU’s and OYO, will close its third India focussed fund at $250 Mn to $300 Mn
  • The Reserve Bank of India has outlined a scheme to revive Yes Bank that proposes State Bank of India purchasing a stake of up to 49% to bail out the beleaguered private-sector lender

Ecosystem Weekly | 8th Mar '20

March 8, 2020

RTP Global Announces $650 Mn Fund III To Back Startups Globally
RTP Global is planning to invest in startups primarily in their Series A rounds and is expected to back startups in mobility, AI, SaaS, fintech, foodtech, healthtech, proptech, insurtech and sports-tech sectors.
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Quadria Capital Closes Fund II At Over $400 Mn To Invest In Healthtech Startups
The Singapore-based fund has raised the capital from leading global asset managers, pension funds, sovereign wealth funds, insurance, healthcare corporates & development finance institutions.
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Startup News Snippets

M&A News

Market Pulse

  • Delhi-based post-harvest agritech startup Arya has raised $6 Mn pre-Series B funding from Omnivore and LGT Lightstone Aspada to accelerate the growth of its agri storage network
  • San Francisco – and Bengaluru-based fintech platform for Indian students pursuing international higher education Leap Finance has raised $6 Mn from Sequoia Capital
  • Gurugram-based fintech marketplace offering products for small business owners, Chqbook.com has raised $5 Mn in Series A funding from Aavishkaar Capital
  • Ecommerce platform for beverages and snacks Paper Boat has raised $4 Mn in two different rounds from Advent Management, A91 Emerging Fund, and Trifecta Venture
  • US-based VC firm Lightspeed Venture Partners that have invested in Indian Unicorn startups BYJU’s and OYO, will close its third India focussed fund at $250 Mn to $300 Mn
  • The Reserve Bank of India has outlined a scheme to revive Yes Bank that proposes State Bank of India purchasing a stake of up to 49% to bail out the beleaguered private-sector lender

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 | 23rd Feb '20

February 23, 2020

JSW Energy to acquire 100% stake in GMR Kamalanga Energy

Sajjan Jindal-owned JSW Energy has acquired Odisha-based subsidiary GMR Kamalanga Energy for $745 Mn.
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Swiggy Raises $113 Mn Series I funding from Prosus

Food delivery giant Swiggy has raised $113 Mn Series I funding from Prosus N.V, Meituan Dianping and Wellington Management Company.
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Startup News Snippets

M&A News

Market Pulse

  • Early-stage venture capital firm Blume Ventures has finally closed its Fund III at $102 Mn. The fund has been raised from anchor investors in India, US, Japan and Asia
  • US-based investment firm Falcon Edge Capital has set up a new venture capital fund of $300 Mn for India. The fund is backed by UAE based Limited partners
  • Mumbai based JioSaavn has received a $20 Mn infusion from parent entity Reliance Industries. Reliance has picked up 10 K equity shares in the company
  • Gurugram-based prop-tech startup Zvesta has raised $6 Mn from media company Hindustan Media Ventures. The company will now focus on brand building
  • B2B e-commerce platform for Kirana stores, MaxWholesale has raised $3 Mn in Series A funding from Indian Angel Network Fund I and Abu Dhabi-based Al Falaj Investment Company
  • Video editing and content creation software maker Invideo has raised $3 Mn from Sequoia Capital India’s early-stage accelerator programme surge

 

Ecosystem Weekly | 16th Feb '20

February 16, 2020

Firstcry Gets $296 Mn From Softbank To Enter Unicorn Club
Pune-based baby products marketplace Firstcry has raised $296 Mn Series E funding from Japan-based marquee investor Softbank’s Vision Fund.
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Dr Reddy’s Labs to acquire part of Wockhardt’s generics business for $260 mn
Dr Reddy’s Laboratories Ltd has agreed to acquire select divisions of Mumbai-based Wockhardt Ltd’s generics drug business in India and a few other countries for $260 Mn.
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Startup News Snippets

M&A News

Market Pulse

  • Bengaluru-based online tutoring startup Vedantu has raised $24 Mn in Series C funding from global investment firm GGV Capital and existing investor Vertex Venture
  • Online insurance policy aggregators Easypolicy and Quickbima have merged and the merged entity will operate under the brand name of Easypolicy
  • Food chain Chaayos has raised $22 Mn in a mix of equity and debt in its Series B funding round from Think Investments, InnoVen Capital & other investors
  • Parampara Capital launched a new $100 Mn fund, Inflexor Technology Fund to invest across technology IP/innovation startups
  • New Delhi-based video commerce app SimSim has raised $8 Mn in Series B round from Accel Partners and Shunwei Capital
  • Gurugram-based bus aggregator startup Shuttl has raised $8 Mn adding onto its Series C funding round from a private equity firm, SIG Global India Fund

 

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

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