Ecosystem Weekly | 5th Jul '20
Haldia Petrochemicals, Rhone Capital jointly acquire US-based Lummus for $2.7 bnHaldia Petrochemicals Ltd, majority-owned by The Chatterjee Group (TCG), together with global private equity firm Rhone Capital, has acquired Texas-based Lummus Technology for an enterprise value of $2.725 billion.
Read More
Bharti-British govt consortium wins bid for satellite company OneWeb
A consortium of billionaire Sunil Mittal’s Bharti Global Ltd and the British government has won an auction to acquire satellite operator OneWeb that collapsed after its biggest investor SoftBank Group Corp pulled funding.
Read More
Startup News Snippets
M&A News
Market Pulse
- B Capital Group has closed its second global fund after raising $820 Mn to invest in growth-stage ventures
- Bengaluru-based B2B marketplace Zetwerk has raised $21 Mn in Series C funding from Greenoaks, Accel, Kae Capital, Lightspeed and Sequoia Capital India
- Chennai-based ed-tech startup Flinto Learning Solutions has raised $7 Mn in Pre-Series B funding from Lightbox Ventures
- Gurugram-based electric taxi-hailing and riding platform Blu Smart Mobility has raised $5 Mn in a pre-Series A funding from Mumbai Angels Network, Inflection Point Ventures, and LetsVenture
- Gurugram-based beverage and snack brand Paper Boat has raised $4 Mn from Sofia Ventures, A91 Emergency Fund I, SCI Growth Investment II and Catamaran Ventures
- Gurgaon-based mobile advertising company Affle will acquire 8% stake in smartphone operating system firm Indus OS for $3 Mn