India-born's gaming technology startup raises $502 million

Improbable, a London-based virtual reality startup founded by Rob Whitehead and India-born Herman Narula, has raised $502 million (₹3,228 crore) in one of the UK's largest funding rounds. The deal would rank as the fifth-largest UK venture investment in the past ten years. Japan's SoftBank has led the round, in which VC firms Andreessen Horowitz and Horizons Ventures also participated.