Tata Digital-owned Indian e-grocer BigBasket raised $200M from Tata Digital and others at a $3.2B valuation, up from $2.7B in March in a secondary share sale (The Economic Times)

Mehnaz Yasmin / Reuters:
E-commerce marketing company Rokt says it raised a secondary funding round at a $2.4B valuation, up from $1.95B in December 2021, as it prepares for an IPO  —  Tech startup Rokt said on Monday it raised its valuation to $2.4 billion in a secondary funding round led by investment firm Square Peg …

Romain Dillet / TechCrunch:
PhotoRoom, which is bringing generative AI to its photo editing app for e-commerce vendors and SMBs, raised a $19M Series A; the app has 7M MAUs, 40M+ downloads  —  French startup PhotoRoom has raised a $19 million Series A funding round.  The company develops a popular photo editing app for e-commerce vendors and small businesses.

Ingrid Lunden / TechCrunch:
Ordergroove, which offers e-commerce subscription tools for brands and retailers, raised $100M+ led by Primus Capital, bringing its total funding to ~$150M  —  Amazon has mastered the concept of subscriptions in e-commerce.  Prime-based memberships, and the ability to set up recurring purchases …

Paul Sawers / TechCrunch:
Drata, which uses automation to help companies adhere to compliance frameworks, raised a $200M Series C led by Iconiq Growth and GGV Capital at a $2B valuation  —  Drata, a security compliance and automation platform that helps companies adhere to frameworks such as SOC 2 and GDPR …

Ryan Browne / CNBC:
Ripple says it is effectively “operating outside of the US” due to its legal fight with the SEC and is seeking a license in Ireland to drive EU expansion  —  – Ripple is expanding its presence in the EU, where it plans to “passport” its services through an entity in Ireland, General Counsel Stuart Alderoty told CNBC.

Financial Times:
A look at South Korea’s Zepeto, owned by Naver and considered one of Asia’s largest metaverse platforms with 15M-20M MAUs, as it plans a global expansion  —  Asia’s largest metaverse platform, Zepeto, is stepping up its global expansion as it looks to compete against the Big Tech groups …