Mergers, Acquisitions and Funding Round-up this week: September 23 to September 28

This week had 29 Indian start-ups raising around $461 million in funding wherein the deals contained 10 growth-stage deals and 18 early-stage deals while one startup kept its transaction details undisclosed. On the contrary, 36 early and growth-stage start-ups raised over $558.24 million in funding.

Whatfix raises $125 million from Warburg Pincus

Whatfix, a popular name in DAP (Digital Adoption Platforms) rai, raised $125 million through thevate voquity platform Warburg Pincus. The funding will most likely expand its category leadership and will also work towards enhancing its integrated product suite through organic growth and strategic acquisitions.

M2P raises 100 mn from Helios Investment Partners

M2P Fintech, the banking infrastructure company has closed out on 100 million in a Series D round through a mix of primary and secondary share capital by Helios Investment Partners. The funds will be used for enhancing the market leadership of the company in India along with working for the growth of international franchises.

Qure.ai raises $65 mn from multiple investors 

Qure.ai, the global healthcare AI innovator has got funding of $65 mn from Lightspeed and 360 ONE Asset along with Merck Global Health Innovation Fund and Kae Capital. The funding will expedite the expansion of the business in the US market while the company is also looking forward to spending on the AI models and enabling complementary med-tech company acquisitions.

HomeLane gets Rs. 255 from multiple investors

The interior decor solutions provider, HomeLane has secured an investment of Rs. 255 crore from multiple investors like Hero Enerprise and WestBridge Capital. The company is also about to acquire the smaller rival  Design Café for an undisclosed amount. The combined organisations and will be valued at about Rs. 3,000 crores (about $360 million).

Atlys raises $20 million from Peak XV Partners and Elevation Capital

The e-visa company, Atlys has raised $20 million from multiple investors like Peak XV Partners and Elevation. As per the company reports, the funds are going to be utilised in the expansion of products and other global operations.

Mergers and Acquisitions

• Zaggle has acquired a significant stake of up to 98.3% in a tax filing platform, TaxSpanner.

• Game streaming platform Loco has been acquired by Redwood, a UAE-based investment firm for $65 Mn.

• Redcliffe Labs is planning to acquire Celara Diagnostics, aiming to expand its presence in the diagnostics space.