Category: Funding
India’s logistics aggregator Shiprocket raises $13M to expand overseas
Shiprocket, a New Delhi-based logistics aggregator that works with direct-to-consumer sellers including several social media influencers, has raised $13 million in a new financing round as it looks to expand its platform overseas. Silicon Valley-based investment firm Tribe Capital led Shiprocket’s Series C financing round. Innoven Capital and existing investor…
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Vista Equity Partners to invest $1.5B in Indian telecom giant Reliance Jio Platforms
Private equity firm Vista Equity Partners said on Friday it would invest $1.5 billion in Reliance Jio Platforms joining social conglomerate Facebook and private equity firm Silver Lake that have also made similar bets on the Indian telecom giant in recent weeks. The planned announcement, which would give U.S.-headquartered software-focused buyout…
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Longtime VC Todd Chaffee of IVP says late-stage scene is now ‘M&A world’
Todd Chaffee has long been one of the most senior members of the late-stage venture firm Institutional Venture Partners. Chaffee joined IVP in 2000 after logging six years at Visa, and went on to lead rounds in numerous prominent later-stage companies, many (but not all) of which have gone public,…
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Lime now owns Uber’s Jump bike and scooter service
With most people social distancing and working from home, ride sharing services have seen dramatically less usage. The Information reported last month that Uber’s bookings are down 80 percent, and on Wednesday the company announced it will lay off 3,… Source
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Hydrant raises $5.7 million Series A to help consumers hydrate faster
Eight glasses of water a day. That’s the old recommendation you and I have heard growing up. And while we all know the importance of hydration to our health, some methods of hydration are more efficient than others. At least, that’s the premise that Hydrant was built on. The company,…
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Latin America Roundup: Big rounds, big mergers and a $3.8M pandemic fund from Nubank
Despite the global panic caused by the current pandemic, startups in Latin America have continued to attract international capital. In April, Mexico’s Alphacredit, Colombia’s Frubana and Brazil’s CargoX were among those that raised particularly large rounds to support their growth during this challenging time. All three companies target markets that…
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