Reuters News
JD.com Inc (JD.O) has invested in Indonesian ride-hailing startup Go-Jek, sources told Reuters, in the latest move by China’s second-largest e-commerce firm to tap growth in Southeast Asian mobile-based services.
Chinese conglomerate Fosun Group has made a foray into blockchain with an investment in the Shanghai startup behind Onchain, a local version of the much-hyped technology that underpins virtual currencies such as bitcoin, Reuters reported.
UK-based online lender Prodigy Finance has raised $240 million in equity and debt funding, as it seeks to speed up its expansion in the United States, Reuters reported.
Tulip Retail, which makes an app for retailers, said this week it raised US$40 million ($50 million) in a funding round led by Kleiner Perkins Caufield & Byers. The Series B, which included existing investors such as Jump Capital, gives Kleiner Perkins' general partner, Mood Rowghani, a seat on the startup's board. Founded in 2013, Toronto-based Tulip has developed an app that helps retailers tailor in-store experiences by giving store employees faster access to real-time inventory and price comparison data among other things. Tulip said it was seeing rising demand in Europe, South America and Asia, and planned to open offices in these markets. "The main thing that we've been delaying at Tulip that now we can accelerate is our international growth," Tulip CEO Ali Asaria told Reuters.
Silicon Valley technology company ThoughtSpot has completed a $120 million funding round to fuel the start-up's new artificial intelligence endeavor, Reuters reported.
Turkven, one of Turkey's leading venture capital firms, is planning an initial public offering (IPO) or block sale of its majority stake in the Medical Park hospital group, sources told Reuters.
Venture capital firm Benchmark Capital said on Monday it gave Uber Technologies Inc and its ousted chief executive, Travis Kalanick, a month to review its recommendations before filing a lawsuit last week to force Kalanick off the board and rescind his ability to fill three board seats, Reuters reported.
Poshmark, an online service that helps people buy and sell second-hand clothing, is in talks to raise more than $50 million in a funding round that could value the startup at roughly $600 million, Reuters reported.
Venture capital firm Benchmark Capital is suing former Uber Chief Executive Officer Travis Kalanick to force him off the board of the ride-services company and rescind his ability to fill three board seats, Reuters reported citing a lawsuit.
Chinese news aggregator Toutiao, backed by Sequoia Capital and CCB International, is raising at least $2 billion at a valuation of over $20 billion in its latest funding round, sources told Reuters.