Virgin Orbit to go public via $3.2B SPAC deal

Virgin Orbit to go public via $3.2B SPAC deal

Virgin Orbit is set to go public via a merger with a special purpose acquisitions company (SPAC), the company has confirmed. The deal values the combined enterprise at $3.2 billion, and will provide Virgin Orbit with $483 million in cash at close, including a $100...
India’s Zetwerk valued at $1.33 billion in new funding

India’s Zetwerk valued at $1.33 billion in new funding

An Indian startup that operates a business-to-business marketplace for manufacturing items is the latest to attain the coveted unicorn status in the South Asian market. Bangalore-based Zetwerk said on Monday it has raised $150 million in a Series E financing round led...
Tencent in talks to lead funding in India’s Pocket FM

Tencent in talks to lead funding in India’s Pocket FM

Tencent is in advanced stages of talks to lead an investment round in Gurgaon-headquartered Pocket FM, the latest in the Chinese giant’s push to broaden its consumer internet portfolio in the Indian market. The Chinese firm, which is already an investor in Pocket FM,...