Tags:  Startup news, Startup global, funding, mergers, acquisitions, India

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Startup News

Missing out on updates from the startup scenes in India? - We got you covered! This podcast will provide a 5 minute highlight reel of all that happened in the startup ecosystem last week.

Last week in startups - India

Funding

Pesto raised $2 Million angel funding

Pesto, a Gurugram based edtech startup raised $2 Mn angel funding led by Matrix Partners, with participation of a group of angel investors including — Swiggy founders, Innov8 founder; Posist founder and OIC Capital’s Jack Yeung.

BlackBuck closed its $150 Mn Series D round

Bengaluru-based logistics startup BlackBuck closed its Series D round of $150 Mn led by Goldman Sachs Investment Partners and Silicon Valley-based Accel. BlackBuck plans to use the funds to penetrate deeper into the market, by on boarding new trucking partners along the existing as well as new transportation corridors. It will also invest heavily in product and data sciences capabilities, to enable more efficient freight matching processes.

Zenoti raised $50 Million in a series C funding

Washington-headquartered SaaS startup Zenoti raised $50 Mn in a Series C funding round led by Tiger Global Management. The round also saw the participation of Norwest Venture Partners and Accel Partners.  Zenoti claims to be the #1 cloud software for salons, spas and medi spas, calling themselves the Uber for salons. The funds will help the company expand deeper in the UK and Europe.

Acquisitions

Gurugram-based hospitality chain OYO  committed to acquire Amsterdam-based vacation rental company @Leisure Group. With this acquisition, OYO’s capabilities of asset management and technology will be combined with the presence, local know-how and category-specific expertise of the @Leisure Group in the sphere of vacation rentals.

Gurugram-headquartered online travel company MakeMyTrip acquired a majority stake in Mumbai-based corporate travel management startup Quest2Travel for an undisclosed amount. The acquisition will help the company to extend its service offerings to large corporates for their travel requirements.

Hyderabad-based healthcare technology firm Suvarna Technosoft is acquiring a controlling stake in Mumbai-based laboratory information management systems (LIMS) solutions provider MedPrecinct Solutions.