Infusion

Flipkart Internet, the marketplace arm of Walmart-owned ecommerce firm Flipkart, received a cash infusion of about Rs 924 crore ($111 million) in two parts from its related entities based in Singapore in January, regulatory filings with the Registrar of Companies (ROC) showed. Flipkart has a number of units in India that run a variety of businesses like logistics and the ecommerce marketplace. The fresh capital came from the firm’s related Singapore-based entities on January 8 this year. Two resolutions to infuse capital…

Myntra received a $54 million fund infusion from parent Flipkart, at a time when the online fashion platform is witnessing intense competition from Reliance’s Ajio and Tata Cliq.According to regulatory filings made in Singapore, Myntra’s holding company, FK Myntra Holdings Pvt Ltd, received the fund in January, making it the second investment from Flipkart in a year. Flipkart had infused $105 million into Myntra in March 2023.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School…

In a small initial test in people, researchers have shown that a single infusion of a novel gene-editing treatment can reduce cholesterol, the fatty substance that clogs and hardens arteries over time.The experiment was carried out in 10 participants with an inherited condition that causes extremely high LDL, or “bad,” cholesterol levels, which can lead to heart attack at an early age. Despite being on cholesterol-lowering medications, the volunteers were already suffering from heart disease. They joined a trial in New…

Bed Bath & Beyond has been in discussions with prospective buyers and lenders as it works to keep its business afloat during a likely bankruptcy filing, according to people familiar with the matter.The retailer is in the midst a sale process in hopes of finding a buyer that would keep the doors open for both of its major chains, its namesake banner and Buybuy Baby, said the people, who weren't authorized to discuss the matter publicly.At the same time, Bed Bath has also been looking for a lender to provide financing…

Researchers at the University of Oslo are proposing a novel treatment for stroke that involves administering an infusion of a blood protein suspected to protect the brain from damage. Early tests in mice indicate if the treatment is given within hours of a stroke occurring it could improve long-term outcomes."Those who survive , often sustain life-changing brain damage," explained Sandip Kanse, one of the authors on the new study. "In addition to the cost in human suffering, caring for these patients is very expensive for…

In 2014, Angus McDonald, the former head of publisher partnerships at Yahoo (full disclosure: TechCrunch’s parent company), teamed up with ex-Googler Chris Bayley to found Cover Genius, an insurtech platform that prices and handles claims for virtually any line of insurance or warranty. After expanding the business to all 50 U.S. states and more than 60 countries, Cover Genius is gearing up for its next phase of growth, McDonald says, fueled by significant fresh capital. Cover Genius today announced that it raised…

After 5 years of planning and debate, China has finally launched its ambitious contribution to neuroscience, the China Brain Project (CBP). Budgeted at 5 billion yuan ($746 million) under the latest 5-year plan, the CBP will likely get additional money under future plans, putting it in the same league as the U.S. Brain Research Through Advancing Innovative Neurotechnologies (BRAIN) Initiative, which awarded $2.4 billion in grants through 2021, and the EU Human Brain Project,…

In a medical first, an infusion of the CRISPR gene editor into the blood of three people with a rare genetic disease is easing their symptoms, a biotech company reports. The experimental treatment tamped down a liver protein that causes painful and potentially life-threatening bouts of swelling in the throat and limbs. Two people in the company’s trial are doing so well after a single CRISPR injection that they no longer need drugs to control their condition. The data were…

Colorado’s initial funding of $25 million in federal money to clean up orphaned oil and gas sites will bulk up a new state fund intended to cover the costs associated with hundreds of wells across the state. The $25 million is part of the federal infrastructure bill and is targeting high-priority oil and gas wells on state and private land that weren’t properly closed and cleaned up. Wells are considered orphaned when an owner can’t be found or the owner can’t or won’t take care of the wells. Altogether, Colorado is…

Bed Bath & Beyond Inc.’s financing options to help staunch its cash bleed have narrowed after billionaire activist Ryan Cohen sold all his shares in the company last week. Now, the struggling retailer is under more pressure to persuade lenders to provide it with fresh funds.Since Mr. Cohen on Wednesday announced plans to sell his entire 10% stake, many of the individuals who followed him to invest in the retail chain’s shares have also sold. Its stock slid…