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AstraZeneca vaccine co-inventors float on US market is a blow to the UK - but it s not all bad news Thursday 8th April 2021 15:15 BST
Instead, in what will be seen as a blow to the government s ambitions to make the UK stock market a hub for fast-growing technology and life sciences companies, Vaccitech is to float in the United States.
The company was valued at around $425m (£308m) at its most recent funding round, only last month, in which it raised $168m (£122m) from investors including the fund management giant M&G.
However, the Wall Street Journal reported last month that the company would be seeking a valuation of $700m (£508m) on flotation, while there has even been speculation that it could be worth as much as $1bn (£730m) by the end of the year.
Extended reality technology to benefit A&B students
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Students studying at The University of the West Indies Open Campus in Antigua and Barbuda will soon be able to participate in “more immersive” online learning experience through the use of extended reality technology.
Extended reality describes experiences that combine virtual and augmented reality technology to create both interactive and 3D engagement.
The principal of The UWI Open Campus Dr Luz Longsworth told Observer that the move which was made possible through the recently announced $25 million investment into the school’s IT infrastructure will go along way in helping students.
ETtech Deals Digest: Swiggy, ShareChat raise funds this week
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Last Updated: Apr 09, 2021, 08:16 PM IST
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Illustration: Rahul Awasthi
Some hefty funding deals this week propelled a number of startups into the unicorn club. But we start with food ordering platform Swiggy, which is building a war chest to take on IPO-bound Zomato.
Swiggy gets $800 million in funding
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Swiggy has raised $800 million from investors led by Falcon Edge, Amansa Capital, Think Investments, Carmignac and Goldman Sachs. The deal pegs Swiggy’s valuation at $5 billion. ETtech was the
India: Used car retailing startup Spinny snags $65m led by General Catalyst
April 9, 2021
Gurugram-based used car retailing platform Spinny on Thursday announced that it has raised $65 million in Series C funding led by Silicon Valley-based venture capital firm General Catalyst – an early backer of Airbnb, Stripe, Snapchat, Vroom, Cazoo, among others.
Other new investors in the round include Feroz Dewan’s Arena Holdings, and Think Investments. The round also saw participation of existing investors Elevation Capital, The Fundamentum Partnership, and others, Spinny said in a statement.
With the latest round, Spinny’s total funding till date stands at over $120 million, it added.