Indian pharma company Torrent Pharmaceuticals has agreed to acquire cosmetic dermatology company Curatio Healthcare (I) Private Limited for INR 2,000 crores, in a move to strengthen its presence in the dermatology segment. The consideration consists of INR 115 crores of cash and cash equivalents in the acquired business, which gives an enterprise value of INR […]
US-based self-driving truck startup Embark Trucks will merge with special purpose acquisition company (SPAC) Northern Genesis Acquisition Corp. II in order to become a publicly listed company. The deal values the enlarged Embark Trucks at approximately $4.55 billion. Post-merger, the self-driving truck startup will have a market capitalization of around $5.16 billion. The autonomous vehicle […]
Online grocery delivery company Instacart has raised $265 million in a new financing round to more than double its valuation to $39 billion. The new funding round was led Andreessen Horowitz, D1 Capital Partners, Sequoia Capital, Fidelity Management & Research, and T. Rowe Price Associates, and other existing investors. Instacart’s prior funding round came in […]
US and Israel based cloud security company Wiz has emerged from stealth by securing $100 million in a Series A funding round led by Index Ventures, Sequoia, Insight Partners, and Cyberstarts. The latest financing is said to come nine months after the founding team of the cloud security provider wrote its first line of code. […]
Stripe funding round : US online payments company Stripe has raised $250 million in new funding round, creating a fintech company with an enterprise value of $35 billion, as per the latest fintech industry news. The US online payments company, which was founded in 2011, will use the proceeds to expand its global presence, increase […]