With this round of funding, BYJU’S aims to aggressively expand in international markets.
While, a Robotics startup Emotix raised seed funding of ₹18.6 crore from Chiratae Ventures, YourNest India VC Fund, and Technology Venture Fund.
B2B industrial goods ecommerce marketplace Moglix announced the closing of its Series D round of funding of $60 million, which was led by Tiger Global with participation from Sequoia India and Composite Capital.
On the other side, fintech startup NiYO Solutions raised$35 million in Series B round led by Horizons Ventures, Tencent and existing investor, JS Capital LLC. With this, the total funding raised by NiYO stands at $49 million.
The logistics industry’s giant Rivigo closed its $65 million Series E funding from its existing investors SAIF Partners and Warburg Pincus. The startup aims to use these funds to further strengthen its technology and network coverage, which is a key game changer for the larger logistics market in the country.
Whereas, student housing startup Stanza Living raised an undisclosed amount as a part of its ongoing Series C round, led by Falcon Edge Capital.
As part of the acquisition activity, Walmart Labs, the technology arm of the US retail giant Walmart, acqui-hired two Bengaluru-based startups to strengthen its customer service systems. The company acqui-hired healthtech startup FloCare and B2B wholesale trading platform BigTrade for undisclosed sums.
Other exits this week included hyperlocal delivery startup Milkbasket on Tuesday acquiring PSR SupplyChain, Gurugram-based foodtech unicorn Zomato India acquiring not-for-profit Feedin India, and fintech startup PayNearby acquiring We Care Insurance Broking Services.
Mumbai-based HealthAssure, a health-tech primary care services platform, raised $2.5 million in a Series A round led by Blume Ventures, an early stage venture capital fund.
While other deals included Cornerstone Venture Partners, a venture fund floated by Reliance Industries Ltd executives invested $1 million each in two startups, Singapore-based Wigzo Technologies and Mumbai-based IntelligenceNode Consulting Pvt. Ltd.
Edtech startup Board Infinity has raised $ 320,970 (or Rs 2.2 crore) in an angel round from a clutch of angel investors.
Sustainable clothing brand, NorthMist raised $146,320 (or Rs 1 crore) in equity from a clutch of angel investors.