Fundings and Exits

Final 12 months, eBay appeared to throw within the towel in India after it offered its enterprise within the nation to Flipkart and took a minority stake within the nation’s e-commerce chief. Now, eBay is making a u-turn. Within the wake of Walmart’s intention to purchase a controlling stake in Flipkart for $16 billion, eBay
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The rumors are true: Walmart has purchased a controlling stake in India’s Flipkart. This isn’t a straight-up acquisition, nonetheless, as a result of, quite than going it alone, the U.S. retailer is enlisting strategic allies because it takes its combat to Amazon in a brand new area. Walmart has an present offline retail enterprise in India, however
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Naspers, the South African tech and media conglomerate, continues to have an extremely sizzling hand in relation to world tech funding. Well-known for proudly owning an enormous chunk of the Chinese language Web powerhouse, Tencent and a giant chunk of Mail.ru, Naspers simply made $2.2 billion off of the sale of Flipkart to Walmart.  The South African firm
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Walmart, the world’s largest retailer, has lastly confirmed that it’s making a $16 billion funding into Flipkart for a 77 p.c share of the net retailer. Tencent, Tiger World, Microsoft, Accel and Flipkart co-founder Binny Bansal will proceed to be traders within the firm with this deal. The funding will worth Flipkart — India’s largest on-line
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Right here’s a method to ensure Amazon doesn’t get management of Flipkart in India by outbidding you for a majority stake: purchase it outright. Right now throughout SoftBank’s earnings presentation, it appears like CEO Masayoshi Son slipped in a little bit scoop: he introduced that Walmart, the world’s largest retailer, on Tuesday night time reached
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U.S. job looking service Glassdoor, which is finest recognized for offering perception into firm working cultures, has been acquired for $1.2 billion in money by Recruit, a $39 billion Japanese company that focuses on HR and recruitment companies. The all-cash acquisition will see Glassdoor proceed to keep up its model, CEO Robert Hohman defined in a
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As Slack appears to woo bigger and bigger firms with the prospect of a less complicated office collaboration device, the corporate stated it has now hit eight million each day lively customers. The corporate stated it additionally has three million paid customers. A darling in Silicon Valley, Slack was initially in a position to capitalize
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Dreamlines, which claims to be Europe’s largest on-line journey company specialising in cruise-related journey, is disclosing that it has raised €45 million in collection E funding. The spherical is led by Princeville International, with participation from present traders that embody Holtzbrinck Ventures, Goal International, Dimaventures, Hasso Plattner Ventures, TruVenturo, and Rocket Web’s International Founders Capital.
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Alibaba has expanded its e-commerce empire into South Asia after the Chinese language web big acquired Daraz in an undisclosed deal. Daraz was based in 2012 by Rocket Web and right now it operates in Pakistan in addition to Bangladesh, Myanmar, Sri Lanka and Nepal. Rocket mentioned in an announcement that Alibaba has acquired your complete
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Singapore-based e-commerce startup ShopBack got here on the radar when it raised $25 million final November, and now the corporate is making its first acquisition. ShopBack stated as we speak it has picked up Seedly, a fellow Singaporean startup that gives a private finance service, in an undisclosed deal. The complete group will transfer over and Seedly
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Treating points with psychological well being generally is a daunting and really delicate job for anybody that’s affected by any sort of psychological sickness — however the issue for a lot of is that a whole lot of sufferers simply don’t know the place to begin, in accordance with David Ebersman. That’s the place Lyra Well
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iPrice, a service that aggregates Southeast Asia’s e-commerce web sites in a single vacation spot, has pulled in new funding led by messaging app Line’s VC arm, Line Ventures. The spherical is formally undisclosed, however TechCrunch understands from a supply near negotiations that it’s price round $four million. Present iPrice backers Cento Ventures (previously generally known
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As SoundHound appears to leverage its ten-plus years of expertise and knowledge to create a voice recognition device that corporations can bake into any platform, it’s elevating one other massive $100 million spherical of funding to attempt to make its Houndify platform a 3rd impartial choice in comparison with Alexa and Google Assistant. Whereas Amazon
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Xiaomi’s much-speculated IPO course of has kicked off formally after the Chinese language smartphone large filed to go public on the Hong Kong Inventory Trade. The primary draft of its submitting doesn’t embrace proposed monetary particulars of its itemizing, however the South China Morning Put up reviews that the corporate is taking pictures to boost
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Whereas the mid 2010s had been full of large financing rounds for firms trying to shift enterprise fashions like Instacart, Uber, and others alongside these traces, right now’s hottest sector is a extra technical one: synthetic intelligence. That’s required a unique method to constructing firms. As instruments turn into increasingly highly effective, and frameworks like
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Zinc, the London-based firm builder tackling numerous societal issues, has picked up £three million in seed funding because it readies its second cohort and mission. Backing the spherical is LocalGlobe, Niklas Zennström’s Atomico, U.Okay. college LSE, and a variety of angel buyers. Launched late final 12 months, Zinc helps construct startups virtually from scratch. Considerably
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Magnificence-in-a-box model Birchbox has modified up its possession construction. The New York-based startup, which has raised nearly $90 million in funding from famous enterprise corporations like Accel Companions and First Spherical Capital, has a brand new majority proprietor in hedge fund Viking International, sources affirm to TechCrunch. First reported by Recode, Birchbox made some modifications to its cap
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Apple ended up with a reasonably respectable report for its second quarter, beating analyst expectations on most of its metrics — however it’s making an enormous transfer when it comes to returning capital to traders. The corporate mentioned it’s asserting a brand new $100 billion buyback program and growing its dividend by 16%. That implies
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Day by day offers and native commerce website Groupon has introduced an acquisition to ramp up its operations in low cost presents and particularly these tied to loyalty applications. The corporate has acquired Bristol, UK-based Cloud Financial savings Firm, the proprietor of Vouchercloud and Giftcloud, in a deal that Groupon stated has an enterprise worth
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ZeroCater could have made its identify in bringing restaurant meals to places of work for lunch (or different meals), nevertheless it has now raised a brand new recent spherical of funding for the subsequent perk it hopes to convey to corporations: snacks. Whereas ZeroCater continues to increase from metropolis to metropolis with new eating places
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Cleo, the London-based fintech that gives an AI-powered chatbot as a substitute on your banking apps, continues to place collectively a powerful checklist of backers. The startup’s early buyers already embody Entrepreneur First, Moonfruit founder Wendy Tan White, Skype founder Niklas Zennström, Wonga founder Errol Damelin, and LocalGlobe, the seed VC agency based by father
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Baidu has turned to the monetary trade to bolster its client finance enterprise. The Chinese language search big confirmed that it has bought a majority share in its Monetary Companies Group (FSG) enterprise to a consortium of personal fairness companies in a deal price $1.9 billion. The enterprise is within the client finance area and its providers embrace credit score
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Dash and T-Cellular, after years of going forwards and backwards as as to whether they’ll tie up two of the biggest telecom suppliers within the U.S., have introduced that the 2 corporations have entered a merger settlement this morning. The merger shall be an all-stock transaction, and can now be topic to regulatory approval. That
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DocuSign CEO Dan Springer was all smiles on the Nasdaq on Friday, following the corporate’s public debut. And he had lots to be blissful about. After pricing the IPO at a better-than-expected $29, the corporate raised $629 million. Then DocuSign completed its first day of buying and selling at $39.73, up 37% in its debut. Springer, who
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EcoFlow, a Chinese language agency developed by former JDI engineers that sells moveable energy stations, has pulled in a Sequence A spherical of over $four million forward of the upcoming launch of new merchandise and a world gross sales enlargement. The Shenzhen-based firm has taken an attention-grabbing route. Based in 2016, the startup burst on to
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$four.5 billion-valued ride-sharing startup Go-Jek could also be busy in Southeast Asia, the place it’s aiming to step into the hole following Uber’s exit, however that isn’t stopping it from taking a look at alternatives elsewhere on this planet. Over in Bangladesh, motorbike-taxi hailing service Pathao has introduced that it raised a “pre-Sequence A” funding
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Inventory market buyers greeted payroll software program firm Ceridian with enthusiasm on its debut Thursday. After pricing above its anticipated vary at $22 per share, the inventory shot up 42%, closing above $31 by day’s finish. Ceridian helps purchasers starting from BlackRock to Dealer Joe’s preserve tabs on personnel together with payroll, advantages and onboarding.
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GetLinks, a Thailand-based startup that provides a job finder app in six international locations Southeast Asia and neighboring areas, has closed new funding led by Australia’s Search group and Alibaba’s Hong Kong Entrepreneur fund. The dimensions of the funding was not disclosed. GetLinks beforehand raised $500,000 in 2016, and it later added $150,000 extra to
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NSI Ventures, the Singapore-based VC agency affiliated with PE agency Northstar Group that invested early in ride-sharing unicorn Go-Jek, goes unbiased after it introduced it has rebranded to Openspace Ventures. NSI Ventures was began by Hian Goh, an entrepreneur who bought his startup Asia Meals Channel in 2013, and finance exec Shane Chesson in 2014. The agency was
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