Bangalore-based social commerce startup Meesho has raised $125 million to expand its eCommerce business in India, TechCrunch reported on Monday (Aug. 12). Naspers led the Series D funding round and was joined by existing investors SAIF, Sequoia, Shunwei Capital, RPS and Venture Highway. Facebook and...
Farfetch shares dropped to half their IPO price on Friday (Aug. 9), after it reported big losses and investors questioned whether a recent acquisition made sense for a company that isn’t profitable. The Financial Times is reporting that the company’s announcement of a likely future...
Japanese investment firm SoftBank Group is in talks with two startups in Mexico in a bid to continue to search out opportunities in the Latin American market, according to a report by Reuters citing sources familiar with the matter. The company is reportedly in talks with...
Uber CEO Dara Khosrowshahi said Uber almost acquired premium food delivery service Caviar, but ultimately decided against it, according to a report by CNBC. He shared the news in an interview, as Uber shares suffered from less-than-promising Q2 results. “We took a look at Caviar....
New York aviation startup Wheels Up has notched a $128 million Class D equity capital raise co-led by new investor Franklin Templeton, the company said in a press release on Friday (Aug. 9). Rowe Price and Fidelity Management & Research also signed on, joining other...
Volanty, an online Brazilian used car market startup, raised 70 million reais ($17.6 million) in funding, led by Japan’s SoftBank and Argentina’s Kaszek, Reuters reported on Wednesday (Aug. 7). The turnover of used cars is about 400 billion reais ($100 billion) a year, and investors...
After establishing itself as an accounting software platform for small businesses and self-employed professionals with paying customers in 160 countries, FreshBooks has announced that JPMorgan Chase & Co. has made a “strategic investment” in the company. FreshBooks aims to differentiate itself by creating easy-to-use accounting...
About two years since launching its small business bank account service, challenger bank Penta announced new funding. Reports in Bloomberg this week said Germany-based Penta raised nearly $9 million in a funding round led by HV Holtzbrinck Ventures. According to TechCrunch, Finleap and Fabrick also...
Snap, the money-losing parent company of Snapchat, is issuing $1 billion in convertible debt for working capital and future acquisitions, CNBC reported Tuesday (Aug. 6). CEO Evan Spiegel outlined profitability goals for 2019 in a memo last year and as of June 30, the company...
