Tata Digital provided $200m for BigBasket while Convivialité Ventures took part in an $80m series B round for Not So Dark.

Fund

Sweden-based IT services firm Hexagon has formed a corporate venturing arm dubbed R-evolution. The unit will focus on sustainability and green technology investment opportunities, and it has already provided an undisclosed amount for Material Mapper, a Norway-based developer of circular economy technology for the construction industry.

Funding

Company Company description Sector Country Round Round size($m) Deal date Investors
BigBasket Online grocery shopping service Consumer India N/A 200 27/09/2022 Tata Group (Tata Digital)
Not So Dark Food delivery services provider Consumer France B 80 26/09/2022 Pernod Ricard (Convivialité Ventures); Kharis Capital (lead), Verlinvest
Classiq Technologies Quantum computing software producer IT Israel B (updated) 49 20/09/2022 HSBC, NTT (NTT Finance), Intesa Sanpaolo; Awz Ventures
Xunjie Medical Automated external defibrillator maker Healthcare China N/A 41.5 19/09/2022 Tencent
Well-link Technologies Cloud gaming service provider Media China B2 40 26/09/2022 Xiaomi, MiHoyo; Temasek (lead), Future Capital, CDH Investments (CDH Venture), Growth Capital
Sanity Group Cannabinoid therapeutic and cosmetic product developer Healthcare Germany B 37.6 27/09/2022 British American Tobacco; Redalpine, Casa Verde Capital
Monese Digital banking services provider Financial UK N/A 35 19/09/2022 HSBC (HSBC Ventures)
M2P Financial infrastructure provider Financial India C1 4 26/09/2022 Visa; DMI Finance (DMI AIF), Utsav Somani Investments
Thriday SME-focused financial management platform Financial Australia A 3.9 26/09/2022 National Australia Bank (NAB Ventures) (lead); Lempriere Capital
Section L Long…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.

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