With valuations sinking, startups are becoming reticent to fundraise like normal. But venture capital firms, seeing the lower prices, are becoming more aggressive on buying amid the weak markets right now. A Forbes piece, quoting numerous experts in the field, paints the picture of an...
Even amid the economic headwinds that are blowing on a global scale, some investors are finding opportunity in what are seen as longstanding or even permanent trends like the shift to digital commerce through mobile means. For example, Jio Platforms — India’s largest mobile commerce...
Beijing’s Missfresh Ecommerce Co., a Chinese grocery delivery startup, is expected to receive more than $500 million in expansion financing as COVID-19 has fueled demand for fresh food at home, sources told Bloomberg News. This second round of funding promises to raise a total of...
It seems everyone wants a piece of Jio Platforms, India’s largest mobile company. KKR, the global investment firm based in New York, is the latest mega investor to join a deal to turn the digital subsidiary of Reliance Industries Ltd. into a global tech giant, sources...
San Francisco-based Tonal — which offers a $2,995 exercise station with subscription-based workouts — is looking for more funding as the COVID-19 crisis upends the world of exercise. As PYMNTS has reported, the pandemic has created new opportunities for the exercise equipment industry. According to...
FinTech startup unicorn Brex has closed a $150 million funding round led by previous investor DST and new investor Lone Pine Capital, Brex said in a statement on Tuesday (May 19). “We’re glad to have additional capital at a time when customers need us to...
It’s not often that a CEO publicly admits they made a blunder, but that’s just what SoftBank Founder and CEO Masayoshi Son did Monday (May 18) regarding the firm’s WeWork investment, which went south, Business Insider reported. “It was foolish of me to invest in WeWork,”...
Users of the digital trading platform Robinhood have taken to social media once again to express their outrage about outages locking them out of a stock market rally on Monday (May 18), according to a report. Although Robinhood said on Twitter that the service is...
Japanese multinational conglomerate SoftBank Group posted a record-breaking $18 billion operating loss right after Alibaba co-founder Jack Ma announced he was stepping down from the board, according to a company announcement on Monday morning (May 18). In the fiscal year ending March 31, SoftBank posted...
