The New York-based private equity firm General Atlantic closed an $870 million deal for a 1.3 percent stake in Jio Platforms, the digital subsidiary of Reliance Industries in India. The deal puts Jio’s valuation at $65 billion, according to a report in The Financial Times (FT)...
The U.S. banking industry is the runt of the litter of the current stock market rally as interest rates sink and loans crumble, according to Financial Times. The 45 percent drop in the KBW Bank Index has eliminated a combined $795 billion from its 24...
London FinTech unicorn Monzo is closing in on a new funding round as it faces a near 40 percent drop in valuation due to coronavirus pandemic economic fallout, according to a report in the Financial Times on Friday (May 15), citing sources. If Monzo takes...
Chicago-based restaurant booking platform Tock raised $10 million in a Series C funding round led by Valor Siren Ventures with participation from Origin Ventures. The startup, co-founded by Nick Kokonas, Tock’s chief executive officer, and Brian Fitzpatrick, its chief technology officer, launched in 2014 to...
Online pizza delivery firm Slice was the beneficiary this week of a $43 million investment from private equity firm KKR & Co. The investment, according to spokesman Jake Heller, co-head of KKR’s Technology Growth team in North America, comes as a way to get involved...
General Atlantic (GA) is said to be negotiating an $850 million to $950 million deal for a stake in the Indian telecom company Reliance Jio, Bloomberg said in a report on Friday (May 8), citing sources acquainted with the negotiations. GA is the latest in...
Jio Platforms Ltd., India’s largest mobile operator, announced it is raising 113.67 billion rupees ($1.5 billion) from Vista Equity Partners, the U.S. private equity firm. The deal is the latest in a series of investments by the Mumbai-based firm to eliminate its debt, The Wall...
Parcel delivery startup Ninja Van, working in overdrive during the pandemic, ended a funding round with $279 million. Ninja Van’s clients include names like L’Oreal and Wing Tai’s G2000 label, which it has helped digitize and boost eCommerce sales. It also works with smaller operations,...
Uber is considering upping its investment in a different kind of transportation. TheInformation.com reports that the ridesharing company is in talks to invest $170 million into electric scooter maker Lime with an acquisition option. The talks come at a time when Lime’s business has ground...
