CURRENT AFFAIRS

Detailed explanation-1: -LetsVenture, AngelList, and Y Combinator have topped the list of most active investors in 2022 to date, said the company. Despite the impact on funding in edtech, Byju’s has topped the list of highest funding raised in 2022. It raised over $1.2 billion in 2022 from existing investors.

Detailed explanation-2: -The startups, however, received more than twice the funds raised in 2020 and 2019. New Delhi: Indian startups received nearly $24 billion in 2022 – a 33% fall from the nearly $37 billion they raised in 2021, a report showed on Wednesday, January 11.

Detailed explanation-3: -The largest investor of the first Vision Fund is the Public Investment Fund of Saudi Arabia contributing $45 billion of the $100 billion fund. Other investors include Softbank, Mubadala as well as technology firms, Foxconn, Qualcomm, Sharp and Apple.

Detailed explanation-4: -The Group primarily invests in companies operating in technology, energy, and financial sectors. It also runs the Vision Fund, the world’s largest technology-focused venture capital fund, with over $100 billion in capital. Fund investors include sovereign wealth funds from countries in the Middle East.