Manish Singh / TechCrunch:
Indian B2B marketplace Udaan raised $120M in convertible notes and debt, taking its funding to $350M+ in the past year, and plans an IPO in 12-18 months — India’s Udaan has raised $120 million in convertible notes and debt led by existing shareholders and bondholders …
Deepsekhar Choudhury / Moneycontrol:
Source: Indian B2B marketplace Udaan plans to lay off 325 to 350 employees, or about 10% of its workforce, a week after raising $120M in convertible debt — Up to 350 on-payroll employees to get impacted, apart from a number of contractual workers — A week after securing $120 million …
Kyle Wiggers / TechCrunch:
Versa Networks, which helps companies unify network and security tools into a single console, raised $120M in equity and debt, bringing its funding to $316M — Networking and cybersecurity firm Versa today announced that it raised $120 million in a mix of equity and debt led by BlackRock, with participation from Silicon Valley Bank.
Lucy Harley-McKeown / The Block:
Web3 gaming and VC firm Animoca Brands raised $110M via convertible notes led by Temasek, Boyu Capital, and GGV, after raising $434M in 2022 — – Animoca Brands confirmed earlier reports it had raised a fresh funding round of $110 million. — Temasek, Boyu Capital and CGV Capital are now backing the firm.
Ingrid Lunden / TechCrunch:
Barcelona-based Factorial, which offers HR tools for SMBs, raised a $120M Series C led by Atomico at a $1B valuation, up from ~$500M in September 2021 — Small and medium businesses, long overlooked in the building of innovative technology, have lately become a key focus in the world of B2B software.
Manish Singh / TechCrunch:
India’s market regulator tightens IPO disclosure norms after recent lackluster performance of tech startups; firms must disclose KPIs and past pricing details — India’s market regulator has tightened disclosure norms for firms looking to file for an initial public offering after lackluster performance …
Svea Herbst-Bayliss / Reuters:
Sources: a majority of Twitter’s shareholders have voted in favor of the $44B sale to Musk, whose $54.20 per share deal looks pricey in the current environment — A majority of Twitter Inc’s (TWTR.N) shareholders have voted in favor of the social media company’s $44 billion sale to Elon Musk …
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