Indonesian wholesale eCommerce market Ula has announced that it has secured $10.5 million in a new seed funding round, according to an e27 report. The round was led by Sequoia India and Lightspeed India. OSMDV, Quona Capital, Saison Capital, Alter Global and other unnamed investors...
Online payment platform Trustly’s global expansion plans just got a big boost. A high-powered slate of investors led by BlackRock is buying a stake in Trustly, the fast-growing Swedish FinTech, its new investment partners announced in a press release. The BlackRock-led group is injecting capital...
WeWork is considering ending its plans for WeLive, its communal living program based in Crystal City near Washington D.C., Bloomberg reports from anonymous sources. It is also reportedly weighing options for its second location, on New York City’s Wall Street, although nothing is decided and...
Retail dispute management system Chargeback announced Monday (June 8) that it has closed a $6.6 million Series A1 funding round. Chargeback said the funding will accelerate its growth and ability to help online and offline retailers decrease credit card disputes, achieve higher win rates and retain more...
Silver Lake has upped its ante on India’s Jio Platforms. The Menlo Park, California-based private equity firm said Friday (June 5) it will buy an additional stake worth $600 million in the Indian telecom operator, TechCrunch reported. One month ago, as reported here, Silver Lake invested...
Mubadala Investment Co., an investment arm of the government of Abu Dhabi in the United Arab Emirates (UAE), is investing $1.2 billion in Jio Platforms, the Indian telecommunications firm, CNBC reported. UEA’s $1.2 billion investment stake in Jio Platforms is close to 1.9 percent of the company, which is...
If recent headlines have taught us anything, it is that economic support and investments can go a long way toward helping cities, businesses and individuals navigate any number of challenges (the pandemic is only among the most recent challenges). Unemployment is at historic levels. Small...
Varo Money Inc., the mobile banking company, closed on a $241 million Series D funding round, the San Francisco-based company announced on Wednesday (June 3). Varo said it will use the investment toward growth and creating products that can “build the financial resilience of everyday Americans.”...
SoftBank is rolling out a $100 million loan fund targeted exclusively at minority-led startups, in the latest move by a big corporate player to address racial inequities in the United States amid coast-to-coast protests over police brutality. In a widely-reported letter to employees, Marcelo Claure,...
