Uber is said to be in talks with investors to take stake in its freight business and raise $500 million to boost it to a value of $4 billion, according to Bloomberg. The company was mum about the issue thus far. An Uber spokesperson said...
Flipkart Group raised $1.2 billion in a recent funding round led by Walmart, the company’s majority owner. The investment values Flipkart at $24.9 billion, the eCommerce marketplace announced on Tuesday (July 14). “We’re grateful for the strong backing of our shareholders as we continue to...
Google is adding more fuel to its drive into India’s tech industry with a bid to buy a $4 billion stake in Jio Platforms, a Reliance Industries subsidiary in which Facebook has invested $5.7 billion for a 10 percent stake. Indian billionaire business magnate Mukesh Ambani is...
Minneapolis-based buy now, pay later (BNPL) firm Sezzle has raised $55 million in its latest capital round, according to a press release. The money came from a fully underwritten placement, the release states, and the firm was supported by existing and new CHESS Depositary Interest...
Commission-free online brokerage Robinhood said Monday (July 13) that it has added $320 million to a funding round disclosed in May, bringing the total for the round to $600 million and producing a valuation for the company of $8.6 billion, according to a blog post....
Jio Platforms Ltd., the Indian telecom company, has landed another major investor with deep pockets, according to a press release. Qualcomm Ventures, the San Diego-based investment arm of Qualcomm Inc., the wireless technology company, announced it has invested up to $97 million in Jio. The...
Taulia Inc. has attracted some of the world’s biggest investors. The San Francisco-based supply chain payment technology firm is raising $60 million from backers, CEO and president Cedric Bru told The Wall Street Journal. Taulia’s fundraising could value the company at as much as $400...
Joe Coffee has crafted an online ordering platform for independent java shops. Now the Seattle-based startup has landed another infusion of venture capital to help it expand further amid a wave of mobile ordering. Joe Coffee announced Thursday (July 9) it has raised an additional $1.3 million...
With a rally in shares, Square‘s valuation is approaching the level of some of the biggest U.S. banks, Bloomberg reports. Since May, Square’s market capitalization has almost doubled, now hitting $55 billion. That makes it higher than the value of Truist Financial and all but...
