Weekly Capsule for the Indian Start-up Ecosystem
2 May 2019 12:13 AM GMT
From having lots to offer even in the M&A space, this week turned out to be interesting for the Indian start-up community
- Praxis Global Alliance acquires the boutique consulting firm Unbound
- As part of the acquisition, Unbound's founder Aakriti Gupta will join Praxis Global Alliance as Vice President, supporting Praxis' Consulting team to build its offerings around organizational complexities, using Systems Thinking.
- With mobile gaming being the norm of the time, another start-up, in a Series A funding round led by Sequoia India, Times Internet, and GoVentures along with existing investors including RTP Global, BEENEXT, Base Ventures, and Venture Highway.
- Australian fintech investor Reinventure and existing investors Ribbit Capital, Omidyar Network and PayU also participated in the round.