Indian budget hotel chain Oyo may have lost a lot of business amid the pandemic, but it is inching closer to finding a new investor: Microsoft. Microsoft is in advanced stages of talks to invest in Oyo, according to two people with knowledge of the matter. The size of the investment and the valuation are unclear. Oyo…
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The universe of Indian firms attempting to replicate Thrasio’s success in the world’s second largest internet market just got bigger. Three-month-old GlobalBees said on Monday it has raised $150 million in a Series A financing round led by FirstCry. Lightspeed Venture Partners also invested in the new financing round, which is $75 million in equity…
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Freight technology startup, Forto, which we most recently covered when it raised $50 million late last year, is upping the stakes. It’s now raised $240 million in a round led by Softbank Vision Fund 2 to expand its trade shipments between China and Europe. Forto manages shipping containers from origin to destination. Softbank is also…
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Hyundai this morning announced that it has completed its acquisition of Boston Dynamics. The deal, which values the innovative robotics company at $1.1 billion, was announced in late-2020. The companies have not disclosed any future financial details. The South Korean automotive giant now owns a controlling interest in Boston Dynamics, previously belonging to SoftBank. The…
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Delhivery, India’s largest independent e-commerce logistics startup, has raised $277 million in what is expected to be the final funding round before the firm files for an IPO later this year. In a regulatory filing, the Gurgaon-headquartered startup disclosed it had raised $277 million in a round led by Boston-headquartered investment firm Fidelity. Singapore’s sovereign…
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Fintech and proptech are two sectors that are seeing exploding growth in Latin America, as financial services and real estate are two categories in particular dire need of innovation in a region. Brazil’s QuintoAndar, which has developed a real estate marketplace focused on rentals and sales, has seen impressive growth in recent years. And today,…
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This article is written by guest author Jack Wright. All opinions expressed here are his. Daily Fintech very seldom looks at one-off guest posts and never look at ones that are promotional. However this one caught my eye as a) Greensill is such a big complex story b) I was keen to get the perspective…
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Olist, a Brazilian e-commerce marketplace integrator, has raised $23 million in a Series D round extension led by new investor Goldman Sachs Asset Management that brings its total Series D financing to $80 million. Existing backer Redpoint Ventures, which first put money in Olist in 2015, also participated in the latest round. With this latest…
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SoftBank Vision Fund 2 is in advanced stages of talks to invest up to half a billion dollars into food delivery startup Swiggy, two sources familiar with the matter told TechCrunch. The new investment values the Indian startup at about $5.5 billion, the sources said. The new investment would add to the $800 million fundraise Swiggy…
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Bangalore-based fintech startup Zeta has clinched the much sought-after unicorn status after finalizing a new financing round led by SoftBank Vision Fund 2, sources familiar with the matter told TechCrunch. SoftBank Vision Fund 2 has led a ~$250 million Series D round in the five-year-old Indian startup, the sources said. The new round valued the…
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