Kohl’s, the second-largest U.S. department store chain, has been urged by activist investors to either sell itself outright or consider a spin-off of its eCommerce division in a bid to boost its stock price. According to The Wall Street Journal, New York-based hedge fund Engine...
Wa’ed, the entrepreneurship arm of Saudi Aramco, has invested in the Riyadh-based FinTech startup Lamaa, the companies announced Thursday (Dec. 2). Lamaa focuses on supply chain finance and buy now, pay later (BNPL) services for small- to medium-sized businesses (SMBs). The SAR 19 million ($5...
Instant grocery delivery startup Jokr closed a $260 million Series B funding deal that puts the company’s valuation at $1.2 billion, giving it unicorn status nine months after launching, according to a press release emailed to PYMNTS. Jokr plans to use the new infusion of...
The labor-management resource Shiftsmart has raised $95 in a Series B round, funding the New York-based company will use for its software, which pairs hourly workers with open shifts. As TechCrunch reported on Thursday (Dec. 2), the six-year-old company has put together a network of...
Food delivery startup Swiggy is backing its express grocery delivery platform Instamart with $700 million of fresh capital, according to a statement on Thursday (Dec. 2). Headquartered in Bangalore, Karnataka, India, Swiggy is also in the process of raising somewhere between $600 million to $700...
Meru.com, a Mexico City-based platform that connects manufacturers to the supply chain, has raised $15 million in Series A funding. As TechCrunch reported Thursday (Dec. 2), the company says it plans to use the funds to become a one-stop shop for its small business clients,...
Denver-based Hotel Engine, a travel tech company focused on making lodging management easier for businesses, raised $65 million in Series B funding, the company announced on Thursday (Dec. 2). The round was led by existing investor Telescope Partners, with participation from funds managed by Blackstone....
Mexican buy now, pay later (BNPL) firm Kueski on Thursday (Dec. 2) announced it had completed a $200 million equity and debt fundraising round that will help it expand the business, according to a Nasdaq report. Private equity firm StepStone Group led Kueski’s $102 million...
Brazilian unicorn 2TM Group, the holding company for Latin American cryptocurrency exchange MercadoBitcoin.com on Tuesday (Nov. 30) announced the second end of a $50.3 million Series B fundraising round that also closed in July with a $200 million investment by SoftBank. Crypto and blockchain expert...
