Niket Nishant
Stories by Niket Nishant
US startup valuations contract as early-stage investors turn cautious
Jittery venture capital investors urge founders to make more concessions.
Dreaded ‘down rounds’ shave billions off startup valuations
High-profile companies such as Stripe, Klarna and Instacart have seen valuations fall by a peg or two this year
Chinese automaker Chijet to go public in US via $2.6b SPAC merger
Chijet will use the proceeds to develop its EVs and expand in Southeast Asia
Didi pursues EV stake as it emerges from regulatory shadows
Didi is in talks with state-backed Sinomach Automobile to buy a third of its EV unit
US data security firm Immuta valued at $1b after latest funding led by NightDragon
Snowflake Ventures, Dell, DFJ Growth, Intel and Wipro joined the round
Binance’s VC arm mops up $500m fund to invest in Web3, blockchain
Fund is supported by DST Global Partners, Breyer Capital and Whampoa Group among others
Binance registers with Italy’s regulator amid plans to expand in Europe
Binance is also seeking registration in Switzerland, Sweden, Spain, Netherlands, Portugal and Austria
TPG raises $7.3b for climate fund in sustainability push
The fund has already committed over $2 billion to companies in the climate sector.
SPACs face fresh SEC threat for bullish projections
Under the new rule, investors can now sue over inaccurate SPAC forecasts.
WeWork names CEO Sandeep Mathrani as chairman
Mathrani, a real estate industry veteran, was named WeWork's chief executive in 2020.
