Tag: M&A

Ecosystem Weekly | 3rd Apr’22

April 3, 2022

Ecosystem Ventures this Week

It’s a delight to share that one of our portfolio companies, Saarthi Pedagogy (an edtech platform) has raised ₹16 Cr (~$2.1 Mn) in Pre-Series A funding. Saarthi Pedagogy is one of the very few companies where we have shown interest in the early stage itself. Co-founder Sushil’s ability to manage things is commendable which has resulted in more than 4.5x growth in just 9 months.

We’re also excited to share that our team has grown this week:

– Mr. Paresh Y Murudkar joins as Assistant Vice President
– Mr. Kinjalk Pancholi joins as an Associate
– Samyak Jain, Karnika Patidar, Himanshi Jain and Saksham bhatt joins as Management Trainees

We welcome them to the Ecosystem Ventures family and wish them a bright future ahead.

Startup News Snippets

NBFC firm Kogta Financial raises $111M in Series D round
Jaipur-based Non-banking lender Kogta Financial (India) Ltd said it has raised $111 million (Rs 846 crore) in a Series D round of funding led by Mumbai-based private equity firm Multiples.
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“Games24x7 raises $75M led by Malabar Investment at $2.5B valuation, becomes unicorn ”
Games 24×7 says the funding makes it India’s most valuable multi-game platform, at a valuation of $2.5 billion, which also marks its entry into the unicorn club.
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M&A News

Market Pulse

  • Mumbai-based healthtech firm qure.ai has raised $40 million in funding from Novo Holdings, HealthQuad and MassMutual Ventures
  • Chennai-based logistics tech startup Wiz has raised $36 million in Series A funding from Tiger Global Management, Axilor Ventures, Foundamental, Arali Ventures, Stride Ventures and Alteria Capital
  • Gurugram-based agritech startup FarMart has raised $32 million in Series B funding from General Catalyst, Matrix Partners India and Omidyar Network India
  • Bengaluru based spacetech startup Pixxel has raised $25 million in Series A funding from Radical Ventures, Jordan Noone, Seraphim Space Investment, Lightspeed Partners, Blume Ventures, Sparta LLC and Inventus Capital India
  • Bengaluru-based global payment issuance infrastructure platform CARD91 has raised $13 M in pre-Series A funding from Infinity Ventures, Point72 Ventures, Sabre Partners, Emphasis Ventures, Commerce Ventures and other HNIs

Ecosystem Weekly | 27th Mar’22

March 27, 2022

OfBusiness lending unit Oxyzo turns unicorn with record $200M Series A from Tiger Global, Alpha Wave
Gurugram-based Oxyzo Financial Services, a tech-enabled smart financing solution provider, has announced its $200 million Series A fundraise. The round values the company at $1 billion.
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Stanza Living raises $57M in debt from led by Kotak Mahindra Bank, RBL Bank
Stanza Living aims to use the funding for its current and future projects, and accelerate the startup’s next phase of multi-city expansion.
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Startup News Snippets

M&A News

Market Pulse

  • Hyderabad-based co-working spaces iSprout has raised $4 million in Pre-Series A funding from undisclosed investors
  • Bengaluru-based adtech startup Zocket has raised $3 million in funding from Kalaari Capital and Kettleborough VC
  • New Delhi-based virtual astrology and mandir app VAMA has raised $750k in fuding from Huddle, 7Square Ventures, Kunal Shah,  Harit Nagpal,  Arjun Vaidya and Varun Alagh
  • New Delhi-based food brands aggregator Big Bang Foodtech has raised $640k in Seed funding from Artha Venture, Ashneer Grover, Harsh Jain, Nikhil Aggarwal and Chitra Radhakrishnan
  • Chennai-based medtech company MedisimVR has raised $467k in Pre-Series A funding from Inflection Point Ventures, Chennai Angels and Jana Balasubramaniam

Ecosystem Weekly | 20th Mar’22

March 20, 2022

Licious raises $150M in Series F2 round
D2C meat brand Licious has raised $150 million in Series F2 funding led by Amansa Capital, Kotak PE, and Axis Growth Avenues AIF – I. This round of fundraise comes just six months after the company became the first D2C unicorn in the country.
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SaaS startup Amagi turns unicorn, raises $95M from Accel, Norwest, Avataar
Amagi, a cloud-based SaaS technology for broadcast and connected TV, solidified its position as a SaaS media company with a new $95 million funding round followed by a 108 percent YoY growth in revenues.
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Startup News Snippets

M&A News

Market Pulse

  • Bengaluru-based F2P mobile game studio LILA Games has raised $10 million in Series A funding from Rainfall Ventures, Bitkraft Ventures, Galaxy Interactive, Sequoia Capital India, Krafton, Ryan Wyatt, Tanay Tayal and Thomas Vu
  • Delhi-based fintech firm RevFin has raised $13 million in Debt funding from Northern Arc, LiquiLoans and Shell Foundation
  • Gurugram-based healthtech startup Curelink has raised $4 million in Seed funding from Elevation Capital, Venture Highway, Digital Sparrow Capital, Vijay Shekhar Sharma, Ankush Sachdeva, Farid Ahsan, Gaurav Agarwal, Prashant Tandon, Rajat K Dhawan, Rohit MA, Ritesh Malik and Harsh Mahajan and other HNIs
  • New Delhi-based B2B supply chain ecommerce solution provider ShipsKart has raised $3 million in Seires A funding from TMV, Hermes Offshore, Tradeworks.vc, Motion Ventures and Eternia Investments
  • Gurugram-based content monetization & consumption platform Cosmofeed has raised $2 million in Seed funding from Growx Ventures, Waveform Ventures, 9 Unicorns, Silk Bridge Partners, Swati Mohan, Rannvijay Singha and Subhadip Nandy

Ecosystem Weekly | 13th Mar’22

March 13, 2022

BYJU’s valuation jumps to $22B; Founder Raveendran leads $800M round
The fresh funding round, which saw participation from Sumeru Ventures, Vitruvian Partners, and BlackRock, has valued edtech major BYJU’s at an estimated $22 billion.
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Fintech startup CredAvenue enters unicorn club with $137M funding
Fintech startup CredAveneu’s valuation jumped nearly 3X after the Series B round of funding, which was led by Insight Partners, B Capital, and Dragoneer.
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Startup News Snippets

M&A News

Market Pulse

  • Mumbai-based audio content platform Kuku FM has raised $20 million in Series B funding led from Krafton, 3one4 Capital, Vertex Ventures, India Quotient, Founder Bank Capital and Verlinvest
  • Chennai-based neobanking solution provider CredoPay has raised $5 million in Pre-Series A funding from EzSwype LLC and Zent International Limited
  • Bengaluru-based AI-driven personal care brand CureSkin has raised $5 million in Series A from JSW Ventures, Sharrp Ventures, SenseAI and other HNIs
  • Ahmedabad-based esports gaming platform Gamerji has raised $1 million in Pre-Series A funding from Unicorn India Ventures, Stadia Ventures, Urmin Group family office and other HNIs
  • New Delhi-based B2B logistics tech platform Oorjaa has raised $1 million in Funding from Inflection Point Ventures and other HNIs

Ecosystem Weekly | 27th Feb’22

February 27, 2022

Healthcare startup MediBuddy raises $125M in Series C round
Bengaluru-based MediBuddy said it will use the capital to invest in customer awareness, hiring, strengthening technology platforms including data science capabilities, clinical research, and product development.
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Digital bank Niyo raises $100M from Accel and Lightrock India
Bengaluru-headquartered Finnew Solutions, which owns and operates consumer facing neobank, NIYO SOLUTIONS, has raised $100 million in a Series C round of funding from Acceland LightrockIndia.
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Startup News Snippets

M&A News

Market Pulse

  • Mumbai-based pharmaceutical company V-Ensure has raised $17 million in Funding from Investcorp and Tanas Capital
  • Mumbai-based interior designing startup Arrivae has raised $10 million in Series B funding from Think Investments and Emerge capital
  • Gurugram-based millet food startup Wholsum Foods has raised $7 million in Funding from Investment Corporation of Dubai and Fireside Ventures
  • Gurugram-based rural social network Krishify has raised $6 million in Pre-Series A funding from Omnivore, Ankur Capital, Omidyar Network India and Orios Venture Partners
  • Bengaluru-based computer vision and Edge AI space SandLogic has raised $4 million in pre-Series A funding from Sanjay Singhania, Sai Kumar and other HNIs

Ecosystem Weekly | 20th Feb’22

February 20, 2022

Uniphore raises $400M in Series E, joins unicorn club with $2.5B valuation
Uniphore, a Chennai and California-based conversational automation startup, on Wednesday, announced it has raised $400 million in a Series E round of funding.
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Jio Platforms to invest $200M in InMobi’s Glance
Glance on Monday said it has agreed to raise $200 million from Jio Platforms Limited in its Series D round of funding. The transaction is subject to the satisfaction of customary closing conditions and regulatory approvals.
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Startup News Snippets

M&A News

Market Pulse

  • Mumbai-based house of D2C brands Join Ventures has raised $10 million in Series A funding from DSG Consumer Partners, Rajiv Dadlani Group, 9Unicorns and Venture Catalysts
  • Gurgaon-based agritech startup AGRIM has raised $10 million in Series A funding from Kalaari Capital, Omnivore, India Quotient and Accion Venture Lab
  • Kochi-based edtech firm Entri has raised $7 million in Series A funding from Omidyar Network India, Innospark Ventures and Integrated Capital
  • Bengaluru-based healthtech startup Proactive For Her has raised $6 million in Series A funding from Vertex Ventures SEA and India and Nexus Venture Partners
  • Bengaluru-based enterprise SaaS platform Actyv.ai has raised $5 million in Pre-Series A funding from 1Digi

Ecosystem Weekly | 13th Feb’22

February 13, 2022

Polygon raises $450 million from SoftBank, Tiger, and others in a token sale
Ethereum scaling project Polygon has raised $450 million in a private token sale.  Sequoia Capital India led Polygon’s fundraise, with more than 40 other investors participating, including SoftBank Vision Fund 2, Tiger Global, Alan Howard, Kevin O’Leary.
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ElasticRun becomes 7th unicorn of 2022, raises $300M from SoftBank at $1.5B valuation
ElasticRun, a B2B ecommerce startup that supplies goods to kiranas, has raised $300 million in its Series E funding round at a $1.5 billion valuation from investors such as SoftBank and Goldman Sachs, it said in a regulatory filing late Monday evening.
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Startup News Snippets

M&A News

Market Pulse

  • Bangalore-based virtual event and engagement platform Airmeet has raised $35 million in Series B funding from Prosus Ventures, Sistema Asia Capital, RingCentral Ventures, KDDI Open Innovation Fund, DG Daiwa Ventures and consultancy firm Nexxus Global
  • Bangalore-based tech tools provider xto10x has raised $25 million in Series A funding from Binny Bansal and other HNIs
  • Bangalore-based clinical-stage multi-indication therapeutics startup Bugworks has raised $18 million in Series B1 funding from Lightrock India, UTEC, Global Brain Corporation, 3ne4 Capital, Acquipharma Holdings, IM Holdings and Featherlite Group
  • Bangalore-based fintech startup KarbonCard has raised $15 million in Series A funding from Olive Tree Capital, Harmony, Avenir Growth Capital, Ramp, Mercury and Orios Venture Partners
  • Ahmedabad-based beauty brand Renee Cosmetics has raised $10 million in Series A funding from Mensa Brands, Equanimity Investments and 9Unicorns

Ecosystem Weekly | 6th Feb’22

February 6, 2022

SaaS startup Chargebee raises $250M co-led by Tiger Global, Sequoia Capital and others
Chennai and San Francisco-based subscription management platform, Chargebee, on Tuesday announced the closing of a $250 million investment round co-led by Tiger Global and Sequoia Capital, along with returning investors including Insight Partners, Sapphire and Steadview Capital.
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Scaler raises $55M from Lightrock India, others
Tech upskilling Scaler (by InterviewBit) on Tuesday said it raised $55 million (about Rs 410 crore) in funding led by new investor Lightrock India. Existing investors, Sequoia Capital India and Tiger Global, also participated in the Series B round, a statement said.
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Startup News Snippets

M&A News

Market Pulse

  • Mumbai-based content platform Social Swag has raised $4 million in Funding from IMEF and Unicorn India Ventures
  • Bangalore-based information security compliance platform Scrut Automation has raised $3 million in Seed funding from Lightspeed India Partners and Endiya Partners
  • Noida-based blockchain gaming startup OneTo11 has raised $3 million in Seed funding from Oracles Investment Group, Maximus Capital, GDA Capital, Magnus Capital, NFT Technologies, Dutch Crypto Investors, Oracles Investment Group, International Blockchain Consulting, Jason Stone and Carl Runefelt
  • Gurgaon-based agritech startup MoooFarm has raised $2 million in Seed funding from Accel India, AgriFood fund and Navus Ventures
  • Pune-based logistics SaaS platform Logibricks has raised $2 million in Funding from Shiprocket

Ecosystem Weekly | 30th Jan’22

January 30, 2022

Swiggy raises $700M investment led by Invesco at a valuation of $10.7B
Foodtech unicorn Swiggy has raised $700 million in funding led by Invesco, six months after it raised $1.25 billion. Swiggy is now valued at $10.7 billion, up from its previous $5.5 billion.
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B2B marketplace Moglix’ valuation doubles after raising $250M
Moglix has raised $250 million in a Series F round of funding at a valuation of $2.6 billion.
Read More

 

Startup News Snippets

M&A News

Market Pulse

  • Bengaluru-based healthcare startup Smiles.ai has raised $23 million in Series A funding from Alpha Wave Incubation, Sequoia Capital India, Chiratae Ventures, MBX Capital, Wami Capital, Peyush Bansal, Amit Chaudhary, Aakrit Vaish, Revant Bhate, Miten Sampat and Sambhav Rakhyan
  • Thane-based fintech startup Raise Financial Services has raised $22 million in Series A funding from BEENEXT, Mirae Asset Venture Investments, 3one4 Capital, Rocketship.vc, Sujeet Kumar, Vidit Aatrey, Sanjeev Barnwal and Jitendra Gupta
  • Hyderabad-based healthtech firm Stanplus has raised $20 million in Series A funding from HealthQuad, Kalaari Capital, HealthX Capital, Pegasus, Sandeep Singhal and Prashant Malik
  • Chennai-based PSA and RMM platform SuperOps.ai has raised $14 million in Series A funding from Addition, Tanglin Venture Partners, Matrix Partners, Elevation Capital, Giovanni Sanguily, Sidharth Malik, Noel Wax, Lisa Woods and Abhi Kumar
  • Mumbai-based Digital lending platform Kissht has raised $13 million in funding from Trifecta Capital and Northern Arc

Ecosystem Weekly | 23rd Jan’22

January 23, 2022

Tech Mahindra acquires CTC for €310 million
Indian information technology (IT) services company Tech Mahindra said on Monday it will acquire a 100 percent stake in Com Tec Co IT Ltd (CTC), an IT solutions and service provider with development centers in Latvia and Belarus, for €310 million (approx. Rs. 2620 crore).
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Reliance invests $132M in Tech50 2021 robot maker Addverb Technologies
Noida-headquartered robotics and automation solutions provider AddverbTechnologies — a YourStory Tech50 2021 startup — has raised $132 million from Reliance Industries Limited (RIL) in a strategic round of funding. Post the investment, RIL will be the single majority shareholder in the company.
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Startup News Snippets

M&A News

Market Pulse

  • Bengaluru-based short-video app Chingari has raised $15 million in Series A funding from Republic Capital, Onmobile, JPIN Venture Catalysts, Hill Harbour, Angellist, Venture Collective, Makan Family, Cowa Ventures, MVC Friends, Protocol Labs and other HNIs
  • New Delhi-based student housing company Your-Space has raised $10 million in Series A funding from Shantanu Rastogi, AJAX Capital, Holy Basil Consultancy, Sunidhi Group and Sanjaya Gupta
  • Mumbai-based HRtech startup has raised $10 million in funding from Tata Capital Growth Fund II
  • Bengaluru-based jewellry startup GIVA has raised $10 million in Series A funding from Sixth Sense Ventures, A91 Partners, India Quotient, Grand Anicut Angel Fund and FounderBank Capital
  • Mumbai-based healthtech startup Toothsi has raised $9 million in debt funding from Stride ventures
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