Sectors

BigBasket is reportedly being valued between $1.8bn and $2bn in a transaction that would give Tata Group a majority stake.

Cloopen, also known as Ronglian and Yuntongxun, priced its shares at $16 to raise $320m in an initial public offering that provided an exit for Telstra Ventures and New Oriental.

WuXi AppTec and New World Development-backed Adagene has raised close to $140m in its initial public offering after having secured $155m in equity financing.

Amazon-backed Owlet Baby Care has agreed to a reverse merger with special purpose acquisition company Sandbridge for a post-deal valuation of $1.39bn.

DivcoWest and RXR Realty have contributed to a $41m series A round for the mobility technology developer that has now raised more than $60m.

Investments from BP and Chevron will support the thermal energy technology developer’s goal of supplying 10 million homes’ worth of power by the end of the decade.

The Telefónica-backed digital mental health services provider has secured an extension to close its series A round at $36m.

Lee Kum Kee Products’s Happiness Capital has co-led a series A round for the provider of 3D-printed meat substitutes.

Coinbase Ventures has invested in the decentralised trading platform through the purchase of its native tokens.

Google’s Gradient Ventures has returned to help bring the total financing for AI data training platform developer Labelbox to $79m.

Optum has co-led a $26 round for the health network provider, whose existing shareholders include iCarbonX.