Grab, the Southeast Asian ride-hailing startup, has raised more than $4.5 billion in a round of funding led by SoftBank‘s Vision Fund. According to a report in The Financial Times, Grab said SoftBank’s Vision Fund accounted for a third of the investment. The ride-hailing startup said the most...
Chime, the challenger bank based in the U.S., now has a valuation of $1.5 billion after raising $200 million in venture funding. According to a report in CNBC, the San Francisco startup said the Series D round of venture funding was led by DST Global,...
As Indonesian ride-hailing company Go-Jek seeks to grow regionally, the firm notched a $100 million in funding from existing investor Astra. The investment was said to be part of the company’s current Series F round, according to reports. The funding is reportedly to help the...
Ola Electric Mobility, which is backed by Indian ride-hailing company Ola, announced that it has raised 4 billion rupees ($56.4 million) in its first funding round. According to Reuters, the funding was led by several of Ola’s early investors including Tiger Global and Matrix India....
Ant Financial has led a $500 million investment in startup Danke Apartments, a Beijing-based co-living group. According to Financial Times, Ant Financial joins existing investor Tiger Global Management in Danke’s third round of fundraising, bringing its total valuation to more than $2 billion. The company...
Socure, the provider of identity verification and fraud prevention services, announced Thursday (Feb. 28) it raised $30 million in Series C funding. In a press release, the company said the round of funding was led by Scale Venture Partners and included participation from existing investors...
eBay is nearing a settlement with shareholders Elliott Management and Starboard Value LP that would give each of the activist investors a board seat, with the possibility of another one in the future, according to a report from The Wall Street Journal. eBay’s board already...
A direct-to-consumer lingerie startup has raised $55 million in a funding round that includes investors like the former AOL CEO Tim Armstrong and broadcaster Katie Couric, according to reports. “ThirdLove is the triple threat,” Armstrong said in an email to TechCrunch. “They have great margins, own...
Though the Chinese economy is slowing, and stock markets may be viewed by at least some observers as lofty, reports surfaced Sunday (Feb. 24) and Monday (Feb. 25) that China’s largest insurer (as measured by market cap) aims to take its OneConnect financial management unit...
