Wednesday, July 28, 2021

Droom to raise $200 million funding; eyes IPO in 2022

Droom, an online marketplace for automobiles, on Wednesday said it has closed the first leg of its ongoing funding round of up to $200 million (over Rs 1,487 crore), and it is pursuing a dual-track for a possible IPO in India or the US next year. https://ift.tt/3f7D3Iu

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The US sanctions MiraclePlus, a Chinese VC firm founded by ex-Microsoft executive Lu Qi, over alleged ties to Zhisuan, accused of stealing Google's AI secrets (Bloomberg)

Bloomberg : The US sanctions MiraclePlus, a Chinese VC firm founded by ex-Microsoft executive Lu Qi, over alleged ties to Zhisuan, accuse...