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UpGrad-Unacademy deal closes; India’s largest private satellite lifts offHappy Monday! Upgrad is set to acquire Unacademy at a 90% markdown of its peak valuation. This and more in today's ETtech Morning Dispatch.- Bain Capital sole contender for Vitabiotics buyBain Capital has emerged as the frontrunner to acquire Vitabiotics, as rival bidders TPG Capital and EQT exit the process, potentially lowe...
- CCI approves Carlyle Group’s stake purchase in Quest Global, other key dealsThe Competition Commission of India (CCI) has approved several significant acquisitions. These include Carlyle Group's stake acquisition in...
- ETtech Deals Digest: Startups raise $1.06 billion in May, up 12% on-yearStartups in India raised $1.06 billion in May 2025, up 12% from the same period last year, across 79 funding rounds. Key deals included PB ...
- B2B ecommerce firm ElasticRun narrows losses by 42% in FY24; revenue drops 49%Though CEO Sandeep Deshmukh said the B2B ecommerce firm’s shift of focus to high-margin regional brands has paid off at the net profit leve...
- ETtech Deals Digest: Startup funding plummets 80% YoY to $58.3 million this weekThe funds were raised through eight rounds, down sharply from 28 in the same period of the previous year. Startups, mostly in the seed and ...
- ETtech Deals Digest: Startup funding drops 59% to 12 deals this weekAccording to data from Tracxn, February saw startups raise $516 million across 82 rounds, versus $551 million across 109 rounds in January.
- Shadowfax raises $100 million in latest funding led by TPG New QuestLogistics startup Shadowfax will use the funds to extend its last-mile delivery services to cover 20,000 pincodes across India. The company...
- Pharmacy startup Zeno Health raises $25 million in funding round led by STIC InvestmentsExisting investor Lightbox is a significant participant in the round. The Mumbai-based investor had first invested in the company in 2019. ...
- Tata 1MG-backed 5C Network acquires AI healthtech startup KrayenWith this acquisition, 5C Network aims to double its digital scanning services targeting a billion scans a year by 2025, the company said.
- ET Startup Awards 2022: Nominees for Woman AheadThe award honours startup should be launched and led by a woman who competes and wins against the best in the business.
- D2C jewellery brand Melorra raises $16 million in fundingThe company said it will use the funds to strengthen brand marketing activities and to roll out more offline stores across the country.
- Kreditbee raises $70 mn from TPG arm, Motilal Oswal PEBengaluru-based fintech lender Kreditbee has raised USD 70 million (about Rs 500 crore) in a follow-on Series-C round from TPG-backed NewQu...
- KreditBee gets $70 million more in Series C funding roundAccording to a source, KreditBee’s Series C funding round has provided an exit to Chinese investors Xiaomi, Shunwei Capital and Kunlun, whi...
- With 150% internal returns, WaterBridge exits UnacademyWaterBridge Ventures had invested $1 million in Unacademy in 2016, in the process marking its debut transaction from its maiden fund — the ...
- After investing in 99Games, Dream Incubator is looking to invest in gaming and fintech cosThe Tokyo-based firm that has also made two fintech investments will mostly aim to close seed and Series-A deals, or participate in follow-...
- DFJ's three-year old quest ends, sells nearly entire India portfolio to NewQuest Capital PartnersExperts said such secondary sales are bound to increase as venture capital and private equity firms approaching ends of their typical 7-10-...
- Global Green Growth Institute appoints Mahua Acharya as Head of Knowledge SolutionsThe Global Green Growth Institute (GGGI) has appointed Mahua Acharya as Assistant Director-General and Head of the Knowledge Solutions Divi...
- Energetic lighting eyes Rs 500 crore revenue in two yearsCalifornia-based Energetic Lighting is targeting Rs 500 crore revenue from its Indian venture in next two fiscals.
- Energetic Lighting in carbon credit finance deal with C-Quest CapitalEnergetic Lighting India has entered into a carbon credit finance agreement with US-based C-Quest Capital to supply compact fluorescent lam...
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