Walmart announced earlier on Wednesday (May 9) that it inked a deal to invest in Flipkart for $16 billion, giving the retailer a 77 percent stake in the India-based eCommerce company. In a press release, Walmart said the deal still needs the approval of regulators in India, but...
SoundHound, a voice-enabled artificial intelligence (AI) and conversational intelligence technologies company, announced news on Thursday (May 3) that it has raised $100 million in new funding from a group of strategic investors. In a press release, the company said investors in the round of funding include...
As it seeks to speed up its eCommerce expansion, China’s Xiaohongshu or “Little Red Book” is seeking new funding. According to people familiar with the matter, Xiaohongshu wants to raise at least $200 million at a valuation of over $2.5 billion, Business of Fashion reported....
BigCommerce, the eCommerce platform for retailing brands, announced news on Wednesday (April 25) that it has closed a $64 million round of funding. In a press release, the company said the fundraising round was led by Goldman Sachs and included participation from current investors General...
Ripple, the blockchain company, announced news on Wednesday (April 11) that it has invested $25 million of its XRP cryptocurrency in Blockchain Capital’s $150 million fund Blockchain Capital Parallel IV. In a press release, Ripple said Blockchain Capital is the first fund focused solely on...
Access Fintech announced on Tuesday (April 10) that JPMorgan Chase took part in a round of fundraising. According to a press release, the U.K. financial technology company said JPMorgan participated in a Series A round, which included other investors. Although terms of the investment were...
Through a private funding round that could make Ant Financial the world’s biggest unicorn, the Chinese financial firm — an affiliate of Alibaba — is reportedly seeking to raise $9 billion. The fresh investment could lead to a valuation of nearly $150 billion for Ant, The Wall...
Furthering the battle for artificial intelligence (AI) between firms in China and the U.S., China’s SenseTime has raised $600 million in Series C funding. With the round, the company is now reportedly valued at more than $4.5 billion, TechCrunch reported. The company, which raised $410...
About a month after Instacart raised $200 million in February, the grocery delivery platform has reportedly notched another $150 million in funding. As a result, Instacart’s Series E round has now reached $350 million – and the company now has a $4.35 billion valuation, TechCrunch...
