Tag: M&A

Ecosystem Weekly | 11th Oct ’20

October 11, 2020

ADIA invests Rs 5,512.5 Cr in Reliance Retail for 1.2 pc stake
Reliance Retail Ventures Ltd, run by India’s richest man Mukesh Ambani, raised Rs 5,512.50 crore from Abu Dhabi Investment Authority (ADIA), taking the total to fundraise to Rs 37,710 crore in less than four weeks.
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Infosys to snap up Blue Acorn iCi in fourth takeover of 2020
Infosys Ltd, India’s second-largest software services provider, said Thursday it will acquire US-based digital customer experience company Blue Acorn iCi Group for up to $125 million.
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Startup News Snippets

M&A News

Market Pulse

  • Kochi-based startup Livve has raised $2 Mn in seed funding from undisclosed angel investors
  • Noida-based agritech startup Unnati has raised $2 Mn in Pre-Series A funding from NABVENTURES and Angel investor Sumeet Seraf
  • Chennai-based SaaS startup delivering learning and development solutions using AI Disprz has raised $2 Mn from Auctus Capital
  • California-based AI powered data analytics Monet Networks has raised $500K in bridge funding led by SenseAI Ventures
  • Gurugram-based legaltech startup MikeLegal has raised undisclosed seed funding from SOSV and Artesian
  • Bengaluru-based game-based assessment and recruitment platform for gig workforce PakkaProfile has raised undisclosed seed funding led by Java Capital

Ecosystem Weekly | 04th Oct ’20

October 4, 2020

Walmart eyes large stake in Tata’s super app
Walmart Inc., the majority stakeholder in online retailer Flipkart, is looking to take up a large stake in the proposed super app of the Tata group.
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Mubadala picks up 1.4% stake in Reliance Retail for Rs 6,247.5 Cr
Abu Dhabi-based sovereign wealth fund Mubadala Investment will invest Rs 6,247.5 crores for a 1.4 percent stake in Reliance Retail.
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Startup News Snippets

M&A News

Market Pulse

  • Bengaluru-based online grocer Bigbasket will raise $400 Mn from Temasek, Tybourne Capital and Generation Investment Management
  • Gurugram-based academic group Sunstone Eduversity has raised $3 Mn in Series A funding led by Saama Capital
  • Bangalore-based cleantech startup GPS Renewables has raised $3 Mn in Series A funding led by Netherlands-based Hivos-Triodos Fund and Hyderabad-based Caspian
  • Ahmedabad-based retail chain Osia Hyper Retail has acquired 51% stake in Ahmedabad-based Infibeam Logistics for $3 Mn
  • Japan-based construction equipment manufacturer Kyokuto Kaihatsu Kogyo has acquired Bengaluru-based manufacturer of special-purpose vehicles Satrac Engineering for an undisclosed amount
  • Gurugram-based online marketplace for new and used vehicles Droom Technology has acquired Delhi-based augmented reality (AR) startup Visiolab Ideas for an undisclosed amount

Ecosystem Weekly | 27th Sept ’20

September 27, 2020

MR Infrastructure to sell stake in Kakinada SEZ for $354 Mn
GMR Infrastructure is selling its entire stake in a company that is building a port-based special economic zone in Andhra Pradesh for  $354 Mn as part of efforts to cut debt.
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HCL Technologies to acquire Australian IT firm DWS
Noida-based software services major HCL Technologies will acquire Australian information technology and business consulting company DWS Ltd for $118.6 Mn in cash.
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Startup News Snippets

M&A News

Market Pulse

  • Chennai-based enterprise debt platform Vivriti Capital has raised $14 Mn led by Creation Investments
  • Bengaluru-based jewellery startup Melorra has raised $12 Mn from Symphony Asia, Lightbox Ventures, and Alteria Capital
  • Mumbai-based after-sales services startup Onsitego has raised $10 Mn in Series B funding from IFC
  • Mumbai-based skincare brand mCaffeine has raised $6 Mn in Series B funding from Amicus Capital, RPSG Ventures, and Aman Gupta
  • Kerala-based healthtech startup BestDoc has raised $2 Mn in pre-series A funding from Arkam Ventures
  • Mumbai-based Reliance Retail will acquire part or all of UK-based retailer Debenhams

Ecosystem Weekly | 20th Sept ’20

September 20, 2020

Dream11 parent raises $225 Mn from Tiger Global, TPG, ChrysCapital, others
Dream11’s parent company Dream Sports on Monday announced it raised $225 Mn in a primary and secondary investment, led by Tiger Global Management, TPG Tech Adjacencies (TTAD), ChrysCapital, and Footpath Ventures.
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EverSource Capital plans to buyout Azure Power’ entire solar rooftop portfolio for around $112 Mn
In what may rank among the largest solar rooftop deals in India, EverSource Capital plans to buy out the entire 167 MW solar rooftop portfolio of NYSE-listed Azure Power Global for around $112 Mn.
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Startup News Snippets

M&A News

Market Pulse

  • Delhi-based vernacular gaming platform WinZO has raised $18 Mn in Series B from Makers Fund and Courtside Ventures
  • Bengaluru-based fintech startup Avail Finance has raised $11 Mn in Series B from Alpha Wave Incubation
  • Bengaluru’s technology-based home interiors service provider HomeLane has raised $8 Mn in a bridge round from Stride Ventures and other existing investors
  • Bengaluru-based global recruitment platform for blue/gray collar workforce Apna.co has raised $8 Mn in Series A funding from Lightspeed India and Sequoia Capital India
  • Bengaluru-based AI-powered emotional intelligence platform Entropik Tech has raised $8 Mn in Series A funding from Alpha Wave Incubation
  • New Delhi-based Oncquest Laboratories has acquired a large diagnostics lab in Gurugram from Strand Life Sciences as part of its plans to expand its operations in India

Ecosystem Weekly | 13th Sept ’20

September 13, 2020
Silver Lake to pick up 1.75%  stake in Reliance Retail for Rs 7,500 Cr
Private equity company Silver Lake Partners will invest Rs 7,500 crore in Reliance Retail for a 1.75 percent stake.

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Japan’s Orix Corp to invest $980 Mn in Greenko Energy at $5.75 Bn valuation
NYSE-listed Japanese conglomerate Orix Corporation has agreed to invest $980 Mn for a roughly 18-20% stake in Greenko Energy Holdings, its largest overseas investment till date.
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Startup News Snippets

M&A News

Market Pulse

  • Delhi-based vernacular gaming platform WinZO has raised $18 Mn in Series B from Makers Fund and Courtside Ventures
  • Bengaluru-based fintech startup Avail Finance has raised $11 Mn in Series B from Alpha Wave Incubation
  • Bengaluru’s technology-based home interiors service provider HomeLane has raised $8 Mn in a bridge round from Stride Ventures and other existing investors
  • Bengaluru-based global recruitment platform for blue/gray collar workforce Apna.co has raised $8 Mn in Series A funding from Lightspeed India and Sequoia Capital India
  • Bengaluru-based AI-powered emotional intelligence platform Entropik Tech has raised $8 Mn in Series A funding from Alpha Wave Incubation
  • New Delhi-based Oncquest Laboratories has acquired a large diagnostics lab in Gurugram from Strand Life Sciences as part of its plans to expand its operations in India

Ecosystem Weekly | 06th Sept ’20

September 6, 2020
Silver Lake to invest in Reliance Retail
Private equity firm Silver Lake is looking to invest close to $1 Bn in Mukesh Ambani’s Reliance Retail for about 1.8% stake.

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Norway’s Orkla to take control of Eastern Condiments, merge with MTR Foods
Norwegian consumer goods maker Orkla has decided to acquire a majority stake in Eastern Condiments Pvt. Ltd and merge it with wholly-owned unit MTR Foods Pvt. Ltd in a deal that will help it double its sales in India.
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Startup News Snippets

M&A News

Market Pulse

  • Delhi-based vernacular gaming platform WinZO has raised $18 Mn in Series B from Makers Fund and Courtside Ventures
  • Bengaluru-based fintech startup Avail Finance has raised $11 Mn in Series B from Alpha Wave Incubation
  • Bengaluru’s technology-based home interiors service provider HomeLane has raised $8 Mn in bridge round from Stride Ventures and other existing investors
  • Bengaluru-based global recruitment platform for blue/gray collar workforce Apna.co has raised $8 Mn in Series A funding from Lightspeed India and Sequoia Capital India
  • Bengaluru-based AI powered emotional intelligence platform Entropik Tech has raised $8 Mn in Series A funding from Alpha Wave Incubation
  • New Delhi-based Oncquest Laboratories has acquired a large diagnostics lab in Gurugram from Strand Life Sciences as part of its plans to expand its operations in India

Ecosystem Weekly | 30th Aug ’20

August 30, 2020

PAG to acquire 51% in wealth management, investment banking biz of Edelweiss for Rs 2,244 cr
PAG has agreed to buy a controlling stake in the wealth management and capital markets business of Edelweiss Financial Services that also includes investment banking, its first large deal in the country after setting up a local base in 2019.
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BYJU’S raises Rs 908.9 Cr from DST Global
Edtech startup BYJU’S is raising about Rs 909 crore in funding from billionaire Yuri Milner-led DST Global, according to regulatory documents.
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Startup News Snippets

M&A News

Market Pulse

  • Mumbai-based credit platform Blacksoil Capital has raised $3 Mn from 60+ investors through a private placement of Non-convertible Debentures
  • Gurugram-based health education startup Virohan has raised $3 Mn in Seed and Series A funding from Keiretsu Forum, Elea Foundation for Ethics in Globalisation and the Singh Family Trusts
  • Delhi-based Baazi Games has raised $2 Mn in seed round funding from Udtara Ventures for its RummyBaazi platform and Baazi Games will infuse another $1 Mn to expand its Rummy platform in India
  • Chennai-based EV battery startup Grinntech has raised $2 Mn from a set of HNIs and senior people from the automotive industry
  • Gurugram-based social commerce platform OneCode has raised an undisclosed amount from WaterBridge Ventures

 

Ecosystem Weekly | 23rd Aug ’20

August 23, 2020

Lightspeed raises $275 million in funds for India
Lightspeed India Partners on Tuesday announced it has closed $275 Mn from LPs for its third fund as the top American venture firm looks to ramp up its investments in the world’s second-largest internet market.
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Baring PE Asia betting $133 Mn on RBL Bank; Gaja to return, CDC topping up
Baring Private Equity Asia will become the biggest shareholder of India’s mid-sized private-sector lender RBL Bank by picking up a 9.45% stake in the latest fundraising cycle worth $210 Mn
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Startup News Snippets

M&A News

Market Pulse

  • Bengaluru-based tech VC fund Chiratae Ventures has raised $10 Mn from UK-based CDC Group
  • Bengaluru-based Indian short-form video app Mitron has raised $5 Mn from Nexus Venture Partners
  • Bengaluru-based private earth imaging startup Pixxel has raised $5 Mn in seed funding from Blume Ventures, growX Ventures, and     Lightspeed Ventures
  • Bengaluru-based water purifier startup DrinkPrime had raised $3 Mn in pre-Series A round of funding from Sequoia Capital and               Omidyar Network India
  • Bengaluru-based education startup Masai School has raised $2 Mn in Pre-Series A round of funding from Unitus Ventures, India
  • Quotient and AngelList India
  • Bengaluru-based freshwater fish and seafood supply chain platform Captain Fresh has raised $2 Mn in pre-Series A round of                 funding from Ankur Capital, Incubate Fund India, and angel investors

Ecosystem Weekly | 16th Aug ’20

August 16, 2020

Shell eyes stake in Nayara’s $9 bn petrochemical project
Oil major Royal Dutch Shell plans to buy a 50% stake in Indian-based Nayara Energy’s up to $9 billion planned petrochemical project
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E-health cos Medlife and PharmEasy in talks for $200 million merger deal
E-health companies Medlife and PharmEasy are in talks for a merger deal valued at $200-$250 million
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Startup News Snippets

M&A News

Market Pulse

  • Bengaluru-based indigenous short video-sharing app Chingari, has raised $1 Mn in a seed round from venture capitalists, including AngelList India, Utsav Somani’s iSeed, Village Global, LogX Ventures, and Jasminder Singh Gulati of NowFloats
  • California-based online climate school Terra.do has raised $1 Mn in seed round from Stanford Angels and Entrepreneurs (India), BEENEXT Emerging Asia and Zerodha-backed Rainmatter Capital
  • Mumbai-based fintech startup has raised $1 Mn in seed round from Orios Venture Partners
  • Mumbai-based document AI startup DocSumo has raised seed funding of $220 K from Better Capital, TechStars, and Barclays
  • Mumbai-based Incred Asset Management has acquired Vishuddha Capital. The amount will be used to take this business to new heights
  • Noida-based education technology startup ConveGenius Edu Solution has acquired Gray Matters India for an undisclosed amount

Ecosystem Weekly | 9th Aug ’20

August 9, 2020
DST Global to pump money in Byju’s

DST Global, the investment firm headed by Russian-Israeli billionaire Yuri Milner, may invest up to $400 million (Rs 3,005 crore) in Indian ed-tech unicorn Byju’s at a valuation of about $10.5 billion
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Byju’s has acquired edtech startup WhiteHat Jr. for $300 million
Byju’s has acquired edtech startup WhiteHat Jr. for $300 million as the Indian online learning giant looks to expand its dominant reach in the country
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Startup News Snippets

M&A News

Market Pulse

  • Bengaluru-based Wow Skin Science will raise $55 Mn from PE Everstone Group
  • San Francisco-based Edtech startup Springboard has raised $31 Mn in Series B funding led by Telstra Venture
  • Kolkata-based tech startup Data Sutram has raised $266 K from Indian Angel Network angels Uday Sodhi, Mitesh Shah, and Nitin Jain
  • Delhi-based health and wellness brand Fitspire has raised $200 K in a pre-seed round led by Nikhil Parmar, Priyanka Madnani and Sukhbir Singh
  • Bengaluru-based Myntra has acquired Deepika Padukone’s stake from the All About You brand
  • US based-Microsoft will acquire TikTok in North America, Australia, and New Zealand

 

 
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