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    ADVANTEDGE TECHNOLOGY FUND

    Kimbal Technologies raises $5 million in funding round led by Niveshaay

    Energy tech startup Kimbal Technologies will use the funds to expand its current operations and come up with new products, aiming to establish a modern power distribution system to the last mile, Kimbal Technologies said in a statement.

    Exponent Energy raises $26 million in funding led by Eight Roads Ventures

    ​Existing investors like Lightspeed, YourNest VC, 3one4 Capital, AdvantEdge VC and the family office of Pawan Munjal, executive chairman, Hero MotoCorp, also participated, as did TDK Ventures, a new investor.

    Byju’s CFO quits; Flipkart’s Big Billion sale numbers

    In another blow to edtech Byju’s, its chief financial officer, Ajay Goel, is leaving after seven months at the company. This and more in today’s ETtech Morning Dispatch.

    EV company Exponent eyes $25 million at $100-120 million valuation

    Exponent Energy had last raised $13 million in August 2022 in a Series A led by Lightspeed that valued the Bengaluru-based startup at around $45 million.

    Wootz.work raises $3.5 million in seed funding from Matrix Partners, Nexus

    Founded in March this year by Karan Anand and Himanshu Uniyal, the platform connects buyers with products and solutions in 24 hours and facilitates smooth delivery to the customer's location. The company sources primarily from SMEs in India, and some components from China.

    PE funds in electric vehicles may cross $1 billion in 2022

    Investors pumped in $904 million through 26 deals in the nine months to the end of September, including in battery manufacturing and battery swapping and charging stations, according to data from Venture Intelligence. In 2021, the sector had received $1.8 billion in investment from 31 deals.

    The Economic Times
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