Ecosystem Weekly | 13th Feb’22
Polygon raises $450 million from SoftBank, Tiger, and others in a token sale
Ethereum scaling project Polygon has raised $450 million in a private token sale. Sequoia Capital India led Polygon’s fundraise, with more than 40 other investors participating, including SoftBank Vision Fund 2, Tiger Global, Alan Howard, Kevin O’Leary.
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ElasticRun becomes 7th unicorn of 2022, raises $300M from SoftBank at $1.5B valuation
ElasticRun, a B2B ecommerce startup that supplies goods to kiranas, has raised $300 million in its Series E funding round at a $1.5 billion valuation from investors such as SoftBank and Goldman Sachs, it said in a regulatory filing late Monday evening.
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Startup News Snippets
M&A News
Market Pulse
- Bangalore-based virtual event and engagement platform Airmeet has raised $35 million in Series B funding from Prosus Ventures, Sistema Asia Capital, RingCentral Ventures, KDDI Open Innovation Fund, DG Daiwa Ventures and consultancy firm Nexxus Global
- Bangalore-based tech tools provider xto10x has raised $25 million in Series A funding from Binny Bansal and other HNIs
- Bangalore-based clinical-stage multi-indication therapeutics startup Bugworks has raised $18 million in Series B1 funding from Lightrock India, UTEC, Global Brain Corporation, 3ne4 Capital, Acquipharma Holdings, IM Holdings and Featherlite Group
- Bangalore-based fintech startup KarbonCard has raised $15 million in Series A funding from Olive Tree Capital, Harmony, Avenir Growth Capital, Ramp, Mercury and Orios Venture Partners
- Ahmedabad-based beauty brand Renee Cosmetics has raised $10 million in Series A funding from Mensa Brands, Equanimity Investments and 9Unicorns
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