Ultrahuman raises $60 million to expand smart ring business

Smart ring maker Ultrahuman has raised Rs 583 crore about ($60 million) in its Series C funding round led by Qualcomm Ventures, according to filings sourced from the Registrar of Companies (RoC). Ultrahuman’s board passed a resolution to allot 3,623 Series C compulsory convertible preference shares (CCPS) and 3,832 Series C1 CCPS at an issue price of Rs 7,79,500 and Rs 7,85,300 respectively to raise the sum in two tranches, the filings showed.