Startup funding

Temasek’s reported bet on Pixxel shows how India’s private space economy is moving from launch-day spectacle to serious investor business.

The government may get a 1% to 2% holding in the Bengaluru startup through support extended under the IndiaAI Mission.

The Sequoia led Series B round values the former Twitter CEO’s AI web infrastructure startup at $2 billion.

The Goldman Sachs Alternatives and Bain Capital Ventures led round values the marketing AI startup at $2.75 billion.

Bessemer Venture Partners is expected to lead the round, with Nvidia, Amazon and Prosperity7 Ventures also set to participate, Bloomberg reported.