Nasdaq partners major banks to spin out trading platform for pre-IPO stocks
Nasdaq Private Market will become a standalone, independent entity.
DCVC, Temasek lead $430m funding round in biofertilizer startup Pivot Bio
The company’s valuation is now near $2 billion.
Agritech startup Vegrow raises $13m co-led by Lightspeed, Elevation Capital
The round was joined by existing investors Matrix India, Ankur Capital, Better Capital and Titan Capital.
Indian foodtech major Swiggy raises $1.25b in Series J round at $5.5b valuation
Post the funding, Swiggy is expected to be valued at $5.5 billion, up from $3.6 billion as of April 2020.
Singapore’s VisVires New Protein co-leads $16.5m Series A in Collectiv Food
This is VisVires New Protein’s first investment in the food distribution space.
XYZ Robotics nets $35m and 23 more deal updates from Greater China
Existing investors Gaorong Capital, 5Y Capital, and Source Code Capital made follow-on investments in XYZ Robotics.
With new regulations, Chinese companies tapping US markets face a rocky path
Firms holding personal data of over 1m users must undergo a cybersecurity review for a foreign listing.
Shares of China’s Evergrande slump after sales of two realty projects suspended
The sales suspension deepens worries that Evergrande will struggle to pay its debt.