In its latest move towards building muscle against ride-hailing companies in the Asian market, Uber has raised another $200 million from Russian billionaire Mikhail Fridman’s investment fund, LetterOne (L1). With the latest round of funding under its belt, Uber now plans on going the extra...
In a divergence from its traditional method of tech investing, Spanish banking firm BBVA is closing its venture arm, known as BBVA Ventures. The parent company will then take the $100 million it had in that fund, along with an additional $150 million, and form...
Lyft investors Andreessen Horowitz and Peter Thiel’s Founders Fund discreetly sold off part of their stakes to Saudi Arabia’s Prince al-Waleed bin Talal and his Kingdom Holding Co. for $148 million in a deal authorized by the ride-hailing startup. The sale of shares by the two major investors comes on the...
One financial industry heavyweight is putting his money where his bank is. Jamie Dimon, chief executive officer and chairman of JPMorgan Chase, has bought 500,000 shares of the company’s stock, with the purchases coming on Thursday (Feb. 11), said The Wall Street Journal. It’s a...
The era of big data is a dual-sided promise and problem coin for those who try to leverage it to build their bottom line. The good news is that through the combined power of cloud processing, mobile technology and an increasingly ubiquitously digitally enabled landscape,...
The eCommerce startup scene in Africa just got a big push with a new $83 million funding for 10 eCommerce ventures, which are counted among the top in Africa. The 10 startups, which are owned by Rocket Internet’s Africa Internet Group (AIG), include various ventures...
Alibaba is taking a leap into virtual reality. The Chinese eCommerce giant has led a $793 million round in venture financing of the augmented reality company Magic Leap, The New York Times reported yesterday (Feb. 2), with TechCrunch adding that Alibaba Executive Vice Chairman Joe...
Redecorating is hard work. That’s a fact that consumers often learn the hard way when they set out on what they think will be a relatively short and simple journey to redecorate a room (or if they are ambitious, a series of rooms) and find...
Rakuten Ventures announced a major move to help boost investments for startups in Japan. On Wednesday (Jan. 27), the investment arm of Japanese Internet giant Rakuten launched a 10 billion yen (roughly $84 million) venture capital fund that is aimed at helping early and growth...
