Tempest in a (meal) box? Attention turned to meal kits as the government invoked “Blue Apron” as a model of sorts for a new food stamp initiative. Turns out the real Blue Apron has its hands full, too, in a hypercompetitive market where subscribers are...
IdentityMind Global announced that it has closed a $10 million Series C round of financing. Along with existing investors, the round was co-led by Benhamou Global Ventures and Eastern Link Capital. It also included Hanna Ventures, Overstock.com and Zanadu Capital Partners. The new funds will...
YapStone, the online and mobile payment company, has raised $71 million in venture capital funding. According to news from Financial Technology Partners, which advised YapStone on the Series C round of funding, Premji Invest led the round. Other participants included Mastercard and previous investors Accel and...
Two months after news surfaced that China’s Alibaba wanted to make an online grocery play in India by investing in BigBasket, it appears the deal has finally been made official through a $300 million funding round, Reuters reported. Alibaba reportedly became BigBasket’s largest shareholder by...
There’ll be no TGIF from bitcoin and its brethren, it seems. Cryptos of all stripes and sizes, from bitcoin to its lesser known peers, tumbled on Friday (Feb. 2) — and markedly so, as several plunged more than 20 percent. If intraday trading holds at these depressed...
Alibaba, China’s leading eCommerce player, announced a 56 percent increase in earnings during its third quarter and revealed it’s acquiring a 33 percent stake in Ant Financial, its payment affiliate. For its fiscal third quarter, Alibaba reported revenue of $12.8 billion, up 56 percent from...
SoftBank is acquiring a majority stake in LINE MOBILE, a subsidiary of Line Corporation, which owns and operates the messaging app LINE. LINE MOBILE announced the partnership, allowing SoftBank to take a 51 percent in the company through “a third-party allocation of new shares.” The deal...
Wag Labs, a startup that connects dog walkers with dog owners through an app, is receiving $300 million in funds from SoftBank’s Vision Fund. According to Bloomberg, it was also announced that Hilary Schneider, former chief executive of LifeLock, is replacing current CEO and co-founder Joshua...
Airbnb, which last year launched Experiences – an initiative that enables small businesses, entrepreneurs and community non-profits to create immersive experiences for travelers – is increasing its investment in that area of its business. In a blog post, Airbnb said it will invest $5 million...
