California’s Fintech Robinhood Secured USD 363 Mn, NY Insurtech Oscar Health Raised USD 165 Mn And More…
Here you go with the power-packed capsule of the all the big headlines of this week [07 – 11 May]
ASIA
Flipkart has set aside USD 500 Mn to repurchase shares from current and former employees after its US$16 billion Walmart deal, which is expected to bring about a spur in luxury goods sales. Also, following the development, the US online auctions site eBay plans India relaunch after selling its Flipkart shares to Walmart for USD 1.1 Bn.
E-commerce firm Infibeam has purchased the cloud-based inventory management company Unicommerce, from its parent Snapdeal for US$18 million. Unicommerce provides end-to-end e-commerce solutions such as warehouse management, order processing, and inventory etc.
Tencent-backed WeDoctor, a healthcare platform that enables medical appointment bookings and remote consultations has raised USD 500 Mn led by AIA Company, valuing the startup at USD 5.5 Bn.
CStone Pharmaceuticals secures USD 260 Mn financing in a series B round for the Chinese biopharmaceutical company led by Singapore sovereign wealth fund GIC. This recent round brings the total capital raised by the company to USD 410 Mn.
Chinese tech giant Alibaba has fully acquired the Pakistani online shopping company Daraz, which also operates in Bangladesh, Myanmar, Nepal, and Sri Lanka. The companies didn’t release any financial details about the deal
Indonesian online short-term home rental provider Travelio, has raised USD 4 million in a series A funding. The round was led by venture capital firm Vynn Capital.
The Japanese human resources company Recruit Holdings acquires Glassdoor for USD 1.2 Bn, in what’s said to be one of the largest US tech acquisitions of the year. Recruit Holdings owns job search site Indeed and other related sites.
Singapore’s ShopBack, an online price comparison and rewards platform has purchased Seedly, a millennial-focused personal finance startup. The acquisition – ShopBack’s first – was made with a mix of cash and equity, but other details were not disclosed.
Europe
UK-based Airsorted, a hosting platform that services bookings from travel websites such as Airbnb, has raised USD 2.56 Mn in crowdfunding campaign Seedrs. Airsorted total funding reaches over USD 8.34 Mn.
Fuse Universal, a company that offers a learning management platform for workforce training, has raised USD 20 Mn from Eight Roads Ventures. The company is based in London with total funding of USD 30 Mn.
Red Points, a Barcelona based startup, offers IP and digital security to brands. Recently, it has secured further USD 12 Mn in its Series B round led by Eight Roads Ventures with the participation of existing investors Mangrove and Northzone.
A travel startup for online cruise bookings, Dreamlines has secured USD 53.63 Mn in its series E funding. Princeville Global, a venture capital firm, led the round with other participants including Holtzbrinck Ventures (HV), Target Global, Dimaventures and Hasso Plattner Ventures.
Rotterdam-based startup, HousingAnywhere has secured USD 7.15 Mn in a Series B financing round led by Swedish fund Vostok New Ventures. The platform offers housing and paying guest accommodation to international students.
In a Series B funding round led by Goldman Sachs Principal Strategic Investments and Propel Venture Partners, London based startup Trussle, that offers online mortgage brokering, has raised USD 18.47 Mn.
USA
Boston based firm cloud-based communications platform Fuze has picked up USD 150 Mn in its financing round led by SummitPartners with participation from Bessemer Venture Partners and other investors. Total funding amounts to USD 484.8 Mn.
NewYork based health insurance start-up Oscar Health has announced the raise of USD 165 Mn in a fresh round of funding led by San Francisco’s VC firm Founders Fund. Other participants included 8VC, Verily Life Sciences, Fidelity, General Catalyst and other investors.
Rubicon Global, an Atlanta-based waste and recycling technology company has raised investments amounting USD 65 Mn from New Zealand Super Fund.
US tech giant, Apple invested about USD 10 Mn in a joint venture called Elysis with the aluminium firms Alcoa and Rio Tinto. Investments are aimed at making aluminium production free from greenhouse gas emissions.
California based free stock trading fintech company, Robinhood has secured USD 363 Mn in its new funding round led by DST Global. while new investors including Sequoia Capital, Kleiner Perkins, Iconiq Capital and Capital G.
Tailor Brands, a New York-based company that uses AI to create company logos, has raised USD 15.5 Mn in a series B round of funding led by Pitango Venture Capital Growth Fund and the U.K.’s Armat Group.
