Drug discovery company Bugworks has raised $9 million in a Series A round of funding led by University of Tokyo Edge Capital (UTEC) while online mattress company Wakefit is in advanced talks with three venture capital funds including Sequoia to raise about Rs 40 crore. Also, Sminq is in talks with private equity firms to raise $8-10 million. In another development, Amazon India has signed an MoU with the Uttar Pradesh government to support MSME entrepreneurs.
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