#TodayDeals: Unacademy to Raise Series C Round of $25-30M, Cisco to Invest $200M in Startups Globally & More
Below is a list of deals that happened in Indian Startup Ecosystem today. Read a brief description about all of them:
2. Education technology company Unacademy is raising a Series C round of $25-30 million led by Sequoia Capital India along with other investors, reported ET. The round may value the company around $100 million.
3. Cashify, an online marketplace for used smartphones and electronics, has onboarded Chinese recommerce giant AiHuiShou as a strategic investor and partner as it looks to expand internationally.
4. Alibaba-backed food and grocery retailer BigBasket is facing court proceedings for infringing ‘Royal’ trademark owned by Tea maker Girnar Food and Beverages.
5. Cisco plans to spend at least $200 million (Rs 1,351.7 crore) on startup investments globally, including India, this year.
6. India’s auto component giant Bharat Forge has made a strategic investment of about Rs.90 crores in a British and Israeli electric truck company, Tevva Motors.
7. Using Paytm Inbox, users will now be able to access in-app content across categories such as Live TV, News, Cricket, Entertainment Videos, and Games on the go, for free.
8. The Confederation of All India Traders (CAIT) has said in a letter to Finance Minister Piyush Goyal that the Walmart-Flipkart deal would be “cancerous” for the Indian retail industry.
10. Workspace solutions provider IndiQube raises Rs 100 Cr from WestBridge Capital
11. Kerala government is planning to takeover the state-run Maharatna company BHEL’s subsidiary, BHEL Electrical Machines Ltd (EML) to tap into the demand for electric vehicles in the state.
12. AU Small Finance Bank has received shareholders approval to raise Rs 1,000 crore from Singapore-based investment firm Temasek, to fuel its growth.
