Unit21, a risk and compliance infrastructure firm, has revealed raising $45 million in a Series C funding round in 2022, steered by Tiger Global and South Park Commons. This investment has buttressed the burgeoning Fintech Fraud DAO consortium, now overseeing more than 10% of adult consumer transactions in the U.S. Amid a sharp rise in […]
V-Mart Retail, an Indian online shopping store, has agreed to acquire LimeRoad, a direct-to-consumer (D2C) fashion brand, to create the country’s fastest growing Omni-Channel value fashion retail platform. LimeRoad with 1.7 crore value shoppers offers unbranded styles and unique content. With gross merchandises value (GMV) of Rs. 700 crores at consistently strong margins and post […]
Indian e-commerce giant Flipkart has raised $3.6 billion from a new funding round to take its valuation to $37.6 billion. The new funding round of Flipkart was led by Singaporean sovereign fund – GIC, SoftBank Vision Fund 2, Canada Pension Plan Investment Board (CPP Investments), and retail giant Walmart. Sovereign funds DisruptAD, Khazanah Nasional Berhad, […]
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 […]
Cityblock Health, a US-based healthcare provider that caters to Medicaid and lower-income Medicare beneficiaries, has raised $192 million in a Series C extension funding round. The funding round was led by new investor Tiger Global. Existing investors such as Kinnevik, General Catalyst, Maverick Ventures, Thrive Capital, Wellington Management, Echo Health Ventures, Redpoint Ventures, AIMS Imprint […]