Tag: Fundings & Exits
Instamojo acquires Times Internet’s GetMeAShop to serve more small businesses in India
Instamojo, a Bangalore-based startup that helps merchants and small businesses accept digital payments, establish presence and sell on the web, has acquired Times Internet-owned Gurgaon-based startup GetMeAShop. The deal is worth $5 million and includes Times Internet making an investment in Instamojo, Sampad Swain, co-founder and chief executive of the…
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Layoffs hit another Softbank co as $3.2B Flexport cuts 50
Fearing weak fundraising options in the wake of the WeWork implosion, late stage startups are tightening their belts. The latest is another Softbank-funded company, joining Zume Pizza (80% of staff laid off), Wag (80%+), Fair (40%), Getaround (25%), Rappi (6%), and Oyo (5%) that have all cut staff to slow…
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Real estate startup Homie plans to expand to more cities with $23 million in Series B funding
Homie has made an impression among younger, first-time home buyers in the Utah and Arizona markets for cutting out the traditional closing costs, 6% real estate commissions and arduous paperwork associated with traditional home sales. It now plans to explore opening up in three new markets and will begin a…
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Does Asana’s planned direct listing reveal the company’s true value?
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Asana, a well-known workplace productivity company, announced yesterday it has filed privately to go public. The San Francisco-based company is well-funded, having raised more than $200 million; well-known, due in…
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Koch Industries acquires Infor in deal pegged at nearly $13B
Infor announced today that Koch Industries has bought the company in a deal sources peg at close to $13 billion. Infor, which makes large-scale cloud ERP software, has been around since 2002 and counts Koch as both a customer and an investor, so the deal makes sense on that level.…
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Payments infra startup Finix closes $35M Series B led by Sequoia
This morning Finix, a software-as-a-service (SaaS) startup selling payments tech to other businesses, announced that it has raised a $35 million Series B. Sequoia led the round, which also saw participation from new investors Activant Capital and Inspired Capital. Finix did not disclose a new valuation as part of its…
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