This week, startup like Natch, WishCare, Xpressbees have raised funding while edtech unicorn Byju’s on Friday settled dispute with Davidson Kempner Capital Management as Manipal Education and Medical Group Chairman Ranjan Pai bought out the debt investment of Davidson Kempner in Aakash Education Services Ltd (AESL) in a likely deal worth around Rs 1,400 crore.
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ZeeBiz.com has curated a list of top deals this week featuring Byju’s, Dunzo, Natch, WishCare, Xpressbees among others.
Edtech major Byju’s on Friday settled dispute with Davidson Kempner Capital Management as Manipal Education and Medical Group Chairman Ranjan Pai bought out the debt investment of Davidson Kempner in Aakash Education Services Ltd (AESL) in a likely deal worth around Rs 1,400 crore.
Natch, a direct-to-consumer (D2C) brand, has raised Rs 3 crore in seed funding led by Artha Venture Fund, the company said on Thursday, November 9. In the funding round, DSP Family Office also took part.
Science and efficacy-based Indian beauty brand WishCare has raised Rs 20 crore in its first institutional round of funding from Unilever Ventures, the venture and growth capital arm of Unilever, the company announced on Wednesday, November 8.
Top consulting firm Deloitte, which audited the financial statements of cash-strapped Dunzo for FY23, has said that the startup’s ability to operate as a ‘going concern’ is largely dependent on the availability of additional funding and improvement in operations.
B2B logistics service provider Xpressbees has raised $80 million from Teachers’ Venture Growth (TVG), the investment arm of Ontario Teachers’ Pension Plan. Avendus Capital was the exclusive financial advisor on this transaction.
Global cybersecurity solutions provider Sequretek has raised $8 million in its Series A round of funding, the company announced on Tuesday, November 7. In the round, Omidyar Network India acted as the lead investor.
Ministry of Electronics & Information Technology (MeitY) Secretary S. Krishnan launched the LEAP AHEAD initiative, a collaboration of Software Technology Parks of India (STPI) and The Indus Entrepreneurs (TiE) on Monday, November 6, at the LEAP AHEAD summit in Delhi.
