Tag: peloton
Peloton will pump $100M into delivery logistics to ease supply concerns
This probably falls under “good problems,” in the grand scheme of things. After another record quarter, Peloton has announced that it will invest more than $100 million in air and ocean freight deliveries due to “longer-than-acceptable wait times for the delivery of our products.” The fitness company is among those…
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Stay gold, ‘Plaid for X’ startups
A failed acquisition usually triggers the same series of questions: What does this mean for early-stage startups in the sector? Will a chilling effect occur and hurt valuations? Will VCs stop funding this category? How will the exit environment look going forward? This week gave that narrative a bullish twist.…
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Tiger Global is raising a new $3.75 billion venture fund, one year after closing its last
According to a recent letter sent to its investors, Tiger Global Management, the New York-based investing powerhouse, is raising a new $3.75 billion venture fund called Tiger Private Investment Partners XIV that it expects to close in March. The fund is Tiger Global’s 13th venture fund, despite its title —…
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Companies rush to replace the gym at CES
The year of the first-ever all-virtual CES is, unsurprisingly, the year of the virtual gym. The past 12 months have seen most of our fitness routines completely transformed — speaking for myself, my Apple Watch step count shows two big empty spots where March and April are. Fitness startups have…
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Vision Fund backs Chinese fitness app Keep in $360 million round
As Chinese fitness class provider Keep continues to diversify its offerings to include Peloton-like bikes, health-conscious snacks among other things, it’s bringing in new investors to fund its ambitions. On Monday, Keep said it has recently closed a Series F financing round of $360 million led by SoftBank Vision Fund.…
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A workout-at-home service report card
There are plenty of ways to start getting fit in the new year, but 2020 ushered in the era of the at-home workout service. While companies like Peloton and Daily Burn have been delivering live and on-demand exercise videos to smartphones and smart TV… Source
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