Deep Connected Vehicle platform company Sibros, announced today it has closed $12 million in Series A funding, bringing total capital raised to over $15 million. The round was led by Nexus Venture Partners with participation from Moneta Ventures and Twin Ventures. The funds will be used to expand Sibros’ product offerings, customer engagement and core teams in Silicon Valley and beyond.

The BSE has signed a memorandum of understanding (MoU) with IIT Alumni Council to encourage listing culture for startups and develop a ‘high investor depth’ startups platform.

Bollywood actors Riteish and Genelia Deshmukh have launched their latest venture – Imagine Meats – a plant-based meat foods company.

Food ordering and delivery platform Swiggy on Monday said it is laying off 350 employees as part of the realignment exercise it started in May on account of the impact of COVID-19 pandemic.