Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.

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BharatPe reported eyes $250M at $2.5B valuation

Indian fintech BharatPe is reportedly close to securing $250 million in a fresh funding round led by Tiger Global Management, per TechCrunch.

The investment would reportedly set a pre-money valuation of around $2.5 billion for the New Delhi-based startup, which offers a service to help offline merchants accept digital payments and obtain financing.

Founded three years ago, BharatPe counts Coatue, Ribbit Capital, Sequoia Capital India and Insight Partners among its largest backers.

— Joanna Glasner

Public offerings

Codex DNA prices IPO: Codex DNA, developer of an automated synthetic biology workstation and related tools, raised $107 million by offering 6.7 million shares at $16, the high end of the range of $14 to $16. Shares are set to begin trading on Nasdaq under the ticker symbol DNAY.

M&A

Ford acquires Electriphi: Ford has announced that it is acquiring Electriphi, a provider of charging management and fleet monitoring software for electric vehicles, for an undisclosed sum. The purchase comes as Ford seeks to build out charging infrastructure as it aims for increased output of electric vehicles.

— Joanna Glasner

Illustration: Dom Guzman