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