Fundings and Exits

Consumer campaigner Martin Lewis has dropped his legal action against Facebook over a series of ads that ran on its platform, falsely claiming he backed several investment schemes. The MoneySavingExpert website founder had claimed the fake endorsements had caused him reputational damage. He said he had agreed to drop the case after Facebook agreed to
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A company in Israel is using virtual reality to help patients deal with chronic pain, or to assist rehabilitation after a stroke or brain injury. VR Health was founded by an air force pilot with neck injuries, who was sure VR techniques could aid his recovery. This is part of the BBC’s Disruptors series. You
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Dyson has announced that it is moving its headquarters to Singapore, from Malmesbury in Wiltshire. The move by the appliance maker means two executives will relocate – chief financial officer Jorn Jensen and chief legal officer Martin Bowen. Other work at Malmesbury will not be affected and no jobs will be lost. Chief executive Jim
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The chairman of Chinese tech giant Huawei has warned that his company could shift away from Western countries if it continues to face restrictions. Huawei has been under scrutiny by Western governments, which fear its products could be used for spying. Speaking at the World Economic Forum, in Davos, Mr Liang Hua said his firm
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Molly Russell, 14, took her own life in 2017. When her family looked into her Instagram account they found distressing material about depression and suicide. Molly’s father Ian says he believes Instagram is partly responsible for his daughter’s death. In a statement, Instagram said it “does not allow content that promotes or glorifies self-harm or
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The Ministry of Justice is rushing to fix IT issues affecting courts across England. Lawyers say trials have been delayed, jurors are unable to enrol and witness statements are inaccessible. Twitter user @BarristerSecret said the “entire digital infrastructure” of courts had been “broken for days”. The Common Platform, a system shared between the police, the
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The global crypto market may have tanked last year, but notable names have joined forces to develop Bitcoin and blockchain financial services in Japan, which has emerged as one of the world’s most crypto-friendly markets. Blockstream, a blockchain startup founded by Bitcoin contributors, announced this week that it has launched a joint venture in Japan
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The digital revolution in Indonesia, Southeast Asia’s largest economy, continues to attract big money from investors. Hot on the heels of a $50 million round for Bukalapak, a billion-dollar company helping street stall traders to tap the internet, so Warung Pintar, another startup helping digitize the country’s vendors, has pulled in $27.5 million for growth. Bukalapak
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CarDekho, an online marketplace for car sales in India, has pulled in a new $110 million Series C funding round from a clutch of existing investors to push deeper into financial services and insurance. Sequoia India, Hillhouse and Alphabet’s CapitalG led the round which also saw participation from Axis Bank, one of CarDekho’s financing partners.
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Our staff had a busy 2018. We wrote hundreds of news stories, interviews, reviews, previews, and more. We covered the biggest events in the industry, including the Electronic Entertainment Expo and the Game Developer’s Conference. Honestly, at the end of year, it’s hard to remember just exactly what we wrote in 2018. But some stories
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Deus Ex: Mankind Divided was one of the major releases of 2016. The Square Enix and Eidos Montreal science fiction game envisioned a future where people augmented themselves with artificial body parts, such as powerful bionic limbs. The main character, Adam Jensen, helped root out a conspiracy against “augs,” or augmented humans, who received discrimination
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India’s B2B supply chain is slowly shifting into the digital era. Following a $23 million investment for Moglix, which helps bring business and manufacturing procurement online, LetsTransport, a startup that brings increased efficiency to logistics and business transportation, has raised $13.5 million for growth. Founded in 2015 by IIT Kharagpur graduates Pushkar Singh, Sudarshan Ravi and
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There’s been plenty of fanfare surrounding Uber and Lyft’s initial public offerings — slated for early 2019 — since the two companies filed confidential IPO paperwork with the U.S. Securities and Exchange Commission in early December. On top of that, public and private investors have had plenty to say about Slack and Pinterest’s rumored 2019 IPOs but
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Autodesk announced this morning that it intends to buy construction software platform, BuildingConnected for $275 million (net of the startup’s cash on hand). It comes on the heels of the company’s PlanGrid purchase for $875 million just last month. With BuildingConnected, the company gets a network of 700,000 construction-related professionals that help real estate companies
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Naspers, the South African investment giant, is back at it again in India! Days after backing educational startup Byju’s by leading a $540 million investment, it has led a $1 billion investment in food delivery company Swiggy. The new round sees Chinese internet and Naspers ally Tencent join the party, alongside fellow new investors Hillhouse Capital
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Indonesia-based e-commerce firm Tokopedia is the latest startup to enter the Vision Fund after it raised $1.1 billion Series G round led by the SoftBank megafund and Alibaba. SoftBank and Alibaba are existing investors in the business — the Chinese e-commerce giant led a $1.1 billion round last year, while SoftBank recently transitioned its shareholding
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Uber has reportedly picked Morgan Stanley to lead its upcoming initial public offering, news of which became public last week when the ride-hailing giant filed confidentially with the U.S. Securities and Exchange Commission for an IPO expected in the first quarter of 2019. Uber’s choice, first reported by Bloomberg, comes after a months-long bidding war, of sorts,
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As traditional broadcasting channels lose ground to emerging competitors, all signs point to over the top services as the future of streaming television. The $46.5 billion in revenue that OTT channels earned over the course of 2017 is projected to grow to $83.4 billion by 2022, and OTT growth is second only to virtual reality in the media industry. Of
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The emergence of latest technology and use of remote devices in every field of life has changed how  businesses tend to their marketing needs. Instead of printing an advertisement in newspaper, business marketers are more likely to utilize social media marketing. This is as a direct result of people, customer’s and clients that reach out
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Two days after Lyft submitted paperwork to the U.S. Securities and Exchange Commission for an early 2019 initial public offering, Uber has done the same, per The Wall Street Journal. The company filed confidentially for an IPO on Friday, marking the beginning of a race for the two ride-hailing giants to the stock markets. Uber’s most
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Every year, predictions about how consumers will spend their money crop up. Covering the most popular toys and the most wanted tech gadgets, these lists tend to push people toward a herd mentality rather than a thoughtful examination of their values at a crucial time of year. PricewaterhouseCoopers predicts that consumers will spend $1,250 each
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In late September, representatives from the biggest tech companies testified before the Senate Committee on Commerce, Science, and Transportation. At almost the same time, Facebook announced that a massive data breach had affected almost 50 million users. This odd fluke of timing illustrates the perilous nature of data protection right now. Because of data breaches
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OYO, the India-based startup that operates a network of budget hotels, has pulled in $1 billion in new funding to grow its business in China and expand into other international markets. The majority of the funding — $800 million, to be exact — was led by SoftBank’s Vision Fund with participation from Lightspeed, Sequoia and Greenoaks Capital. OYO
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Enlarge / Bloomberg Best of the Year 2017: Powerpacks which will be used to form the world’s largest lithium-ion battery stand on display during a Tesla Inc. event at the Hornsdale wind farm, operated by Neoen SAS, near Jamestown, South Australia, on Friday, Sept. 29, 2017. Carla Gottgens/Bloomberg via Getty Images In the first half of 2018, energy sales
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India is the new tech outsourcing destination for ride-hailing companies. Southeast Asia’s Grab and Go-Jek both have sizable engineering teams in the country, and now that duo is joined by another billion-dollar company. Careem, which is based in the Middle East and valued at over $1 billion, has entered the fray after it snapped up the
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Newegg e-commerce site victimized, a warning about phone mobile bank apps and a digital currency theft from an exchange. Welcome to Cyber Security Today. It’s Friday September 21st. To hear the podcast click on the arrow below: Have you bought anything online from the electronics retailer Newegg in the last couple of weeks? There’s a
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Stablecoins, cryptocurrencies tied to tangible assets such as fiat currency, have been gaining more attention recently after two were recently given regulatory approval. Now the security of one is being questioned after a security “backdoor” opening was discovered in its code. The stablecoin in question is the Paxos Trust Co. LLC’s Paxos Standard token or PAX,
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Technological advancement is happening every day, including in the field of unmanned systems. When someone mentions unmanned systems, most automatically think of drones. However, unmanned systems also encompass vehicles on land and sea.  GENIUS NY is in the forefront of advancing unmanned system technology. They realize the potential and impact that drone technology can have
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Alchemist is the Valley’s premiere enterprise accelerator and every season they feature a group of promising startups. They are also trying something new this year: they’re putting a reserve button next to each company, allowing angels to express their interest in investing immediately. It’s a clever addition to the demo day model. You can watch
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Since the industrial revolution, technology has changed society continually. Largely due to innovations in semiconductor electronics, software and computer technology, the pace of technological development has continued to accelerate over the past 50 years. Personal computers now fit into your pocket. You have access to people and information all over the world through the Internet.
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Meituan-Dianping (3690.HK) enjoyed a strong debut today in Hong Kong, a sign that investors are confident in the Tencent-backed company’s prospects despite its cash-burning growth strategy, heavy competition and a sluggish Hong Kong stock market. During morning trading, Meituan’s shares reached a high of HKD$73.85 (about $9.41), a 7% increase over its initial public offering
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Livspace, an India-based startup that helps consumers manage home renovations and interior design, has pulled in a $70 million Series C deal that’s led by Goldman Sachs and TPG Growth. Existing investors Jungle Ventures, Bessemer Venture Partners, and Helion Ventures also took part in the round, which takes Livspace total funding to date to over $100 million.
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GitLab, the developer service that aims to offer a full lifecycle DevOps platform, today announced that it has raised a $100 million Series D funding round at a valuation of $1.1 billion. The round was led by Iconiq. As GitLab CEO Sid Sijbrandij told me, this round, which brings the company’s total funding to $145.5 million, will
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Allplants, a London-based startup that delivers ready-made “plant-based” meals (that’s vegan, to you and me), has raised £7.5 million in Series A funding. The round is led by VC firm Octopus Ventures, which was an early backer in healthy snack delivery company Graze. Additional investors in the round include existing backer Felix Capital (which I’m
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If you are looking for a new power bank, 2018 is an excellent time to go shopping. Technology is at its peak, and high-end features are getting cheaper by the minute. Having said that, power banks are no different. You don’t have to spend a lot these days just to get the best features on
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Singular, a startup working to unify data for marketers, is announcing that it has raised $30 million in Series B funding. The company was founded by former Onavo executives, including Gadi Eliashiv, Eran Friedman and Susan Kuo — who now serve, respectively, as Singular’s CEO, CTO and COO. Eliashiv explained that Singular was created in
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For customer service, Ultimate.ai‘s thesis is it’s not humans or AI but humans and AI. The Helsinki- and Berlin-based startup has built an AI-powered suggestion engine that, once trained on clients’ data-sets, is able to provide real-time help to (human) staff dealing with customer queries via chat, email and social channels. So the AI layer
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Google will partner with Renault -Nissan-Mitsubishi, the largest auto alliance in the world by vehicle sales, to put Android-based infotainment systems into millions of cars, the companies told Wall Street Journal. The alliance’s next-generation infotainment system and dashboard displays will use Android and launch in 2021. Drivers will be able to access Google’s maps, app
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Freightos, a marketplace for logistics providers, announced today that it has raised a $44.4 million Series C led by Singapore Exchange. Returning investors including General Electric Ventures (the lead investor of Freightos’ Series B extension last year), ICV and Aleph also participated in the round, which brings Freightos’ total funding so far to $94.4 million.
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Walmart is ramping up its grocery delivery business on the international stage with today’s announcement that it has acquired the crowdsourced, on-demand delivery marketplace Cornershop for $225 million. The rapidly growing service offers on-demand delivery from supermarkets, pharmacies and specialty food retailers in Mexico and Chile, which will continue following the deal’s close, Walmart says.
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Helping businesses bring more firepower to the fight against AI-fuelled disruptors is the name of the game for Integrate.ai, a Canadian startup that’s announcing a $30M Series A today. The round is led by Portag3 Ventures . Other VCs include Georgian Partners, Real Ventures, plus other (unnamed) individual investors also participating. The funding will be
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Confrere, a video calling service designed specifically for professionals who need to hold online consultations or meeting with clients, has raised $1.5 million in seed funding. Leading the round is Berlin’s Point Nine Capital, with participation from Nordic Makers, The Nordic Web Ventures, and Fathom Capital. A number of angel investors also took part in
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PingCAP co-founder and CEO Max Liu PingCAP, the company behind MySQL-compatible distributed database TiDB, said today that it plans its global operations after raising a $50 million Series C. The round was led by Chinese venture capital firms Fosun and Morningside Venture Capital, with participation from returning investors including China Growth Capital, Yunqi Partners and
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Alibaba is doubling down on Russia after the Chinese e-commerce giant launched a joint venture with one of the country’s leading internet companies. Russia is said to have over 70 million internet users, around half of its population, with countless more attracted from Russian-speaking neighboring countries. The numbers are projected to go as, like in
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Intel today is announcing another acquisition as it continues to pick up talent and IP to bolster its next generation of computing chips beyond legacy PCs. The company has acquired NetSpeed Systems, a startup that makes system-on-chip (SoC) design tools and interconnect fabric intellectual property (IP). The company will be joining Intel’s Silicon Engineering Group, and
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Let the computers do the legal busywork so attorneys can focus on complex problem solving for their clients. That’s the lucrative idea behind Atrium LTS, Twitch co-founder Justin Kan’s machine learning startup that digitizes legal documents and builds applications on top to speed up fundraising, commercial contracts, equity distribution, and employment issues. For example, one
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OneDegree, a Hong Kong-based insurance technology startup, announced today that it has closed a Series A totaling HKD $200 million (about $25.5 million). Half of that amount was pledged by investors to OneDegree pending regulatory approval through the Hong Kong Insurance Authority’s new fast-track licensing program for online-only insurers. The company, which participated in Cyberport, the
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GreyOrange, a Singapore-headquartered firm that develops robots for warehouses, has pulled in a $140 million Series C funding round as it targets more expansion and growth. The company was started in 2011. Today it has five regional offices across the world — covering India, Singapore, Japan, Germany, and the U.S. — three R&D centers and more than 60
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So you thought group-buying was dead?! Not in Southeast Asia where Fave, a company that aims to connect local merchants with customers using discount sales, has closed a $20 million Series B round as it explores expansion opportunities. The startup began as fitness subscription service KFit, but it pivoted group-buying and coupons after it acquired Groupon’s
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Drew Angerer / Getty Haven’t we been here before? As Facebook Chief Operating Officer Sheryl Sandberg and Twitter CEO Jack Dorsey fielded what were initially barbed questions from lawmakers about nefarious Russian influence in U.S. elections, there was a sense of deja vu. “If the answer is regulation, let’s have an honest dialogue about what that looks
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Facebook COO Sheryl Sandberg and CEO of Twitter CEO Jack Dorsey testify before the Senate Intelligence Committee (Photo: JIM WATSON/AFP/Getty Images) Two of social media’s biggest names — Facebook Chief Operating Officer Sheryl Sandberg and Twitter Chief Executive Jack Dorsey — were under the searing klieg lights Wednesday testifying before the Senate Intelligence Committee. Alphabet’s Google was
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Theranos is reportedly finally closing down for good, nearly three years after a Wall Street Journal investigation called its blood testing technology into question. The WSJ said the company, whose dramatic downfall spawned a best-selling book that’s set to be filmed with Jennifer Lawrence starring as Theranos founder and CEO Elizabeth Holmes, sent shareholders an
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David McNew/Getty Images Amazon.com (AMZN) joined the $1 trillion club, but its stay was ever so brief. As shares topped $2,050.268 in trading on Tuesday morning, the retail and cloud giant’s market capitalization swelled to $1 trillion, based on its 487.7 million shares outstanding. Amazon had recently reached another milestone, topping $2,000 per share for the first
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Tresorit, the Swiss-Hungarian company that provides end-to-end encrypted “file sync and sharing” for businesses, has closed €11.5 million in Series B financing. The round is led by European growth capital investor 3TS Capital Partners, alongside PortfoLion, a Central European venture capital. A number of existing investors also participated, such as Andreas Kemi, an early investor
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Meituan-Dianping is reportedly aiming for a $55 billion valuation in its upcoming initial public offering in Hong Kong, but the company’s net losses and increasing competition from Alibaba are already raising questions about whether that is too ambitious, despite the company’s market leadership in China. Meituan-Dianping, which bills itself as a “one-stop super app” that
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Countingup, the U.K. fintech that provides a business bank account that combines bookkeeping, has raised £2.3 million in seed funding. Leading the round is Forward Partners, with participation from previous backer Frontline Ventures, and JamJar Investments. Founded last year by Tim Fouracre, who previously founded cloud accounting software Clear Books, Countingup wants to simplify the
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SurveyMonkey, which helps businesses gather feedback through its survey platform, has submitted paperwork to the SEC for its upcoming NASDAQ public offering. The company plans to raise $100 million in the IPO, per the filing, though that’s likely a placeholder amount. The company, which will list under the symbol SVMK, has yet to price its
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It was a surprise low-key announcement by Apple. An upgrade to the MacBook Pro line. I wasn’t expecting it as everyone was telling me not to expect a MacBook Pro capable of supporting 32GB of RAM until 2019. Perhaps when Apple starts using their own processors instead of Intel. I was just as surprised as
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Eventbrite filed an IPO today for $200 million, confirming reports earlier this summer that the event-planning company plans to go public later this year. According to the document, the company plans to raise $200 million from selling Class A shares, but has yet to list the price per share. As for what Eventbrite intends to
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Alibaba has confirmed that it has raised $3 billion for its new-look local services business after it united its Koubei local services business with Ele.me, the on-demand delivery business it recently acquired. The company said it put the capital into the business alongside SoftBank, according to a note within its financial results that were released today.
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India-based lending platform Capital Float has been busy raising capital, having closed an Amazon-led $22 million extension to its $45 million Series C last year —  now it’s putting some of that capital work after it acquired personal finance service Walnut. The acquisition is $30 million spread across cash and stock, the companies said, and it’ll
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Canvass Analytics, an AI-based predictive analytics platform that helps streamline industrial operations, announced today that it has raised $5 million in funding led by Gradient Ventures, Google’s AI investment fund. Bedrock Industries, Viaduct Ventures and returning investors Real Ventures and Barney Pell also participated. This brings Canvass’ total raised so far to $7.5 million. The
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SoftBank’s Vision Fund is backing Chinese online insurance giant ZhongAn through its latest investment, which could take the company — which has struggled for stability following a monster IPO last year — into international markets. The Vision Fund announced today it has made an undisclosed investment in ZhongAn International, the global arm of the five-year-old company created by $200
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Joanna Glasner Contributor More posts by this contributor Boston-area startups are on pace to overtake NYC venture totals Home run exits happen stealthily for biotech Unicorn exits are taking flight. With the IPO window wide open, an apparent record number of venture-backed companies privately valued over $1 billion have launched public offerings this year. Crunchbase
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The Movado Group, which sells multiple brands including Lacoste, Tommy Hilfiger and Hugo Boss, has purchased MVMT, a small watch company founded by Jacob Kassan and Kramer LaPlante in 2013. The company, which advertised heavily on Facebook, logged $71 million in revenue in 2017. Movado purchased the company for $100 million. The acquisition of MVMT
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Google parent Alphabet has invested $375 million in next-gen health insurance company, Oscar Health. Google has been a longtime supporter of the six-year-old New York company, having previously invested in Oscar through its Capital G investment wing and Verily health and life sciences research wing. “Alphabet has invested in Oscar over many years and has
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A week after spinning out its driver services business and giving it $1 billion in investment capital, Didi Chuxing has added to it through an acquisition. Xiaoju Automobile Solutions (XAS), which the Didi spinout is called, announced today it has bought Hiservice, a three-year-old company that provides after-service care for car owners using a digital platform.
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OYO Rooms, the India-based budget hotel network that’s backed by SoftBank’s Vision fund, has prioritized expansion into China this year but that’s not all it’s up to. Back home in India, it just moved into the event hosting space through the acquisition of a wedding banquet company. Today, OYO said it has acquired Weddingz.in, a three-year-old company that
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Thrivehive – Digital Marketing Solutions for Your Small Business ThriveHive helps people working in local business do what they love by combining actual human guidance with easy-to-use technology to make marketing your business easy, effective, and affordable. With ThriveHive’s Guided Marketing Platform and digital marketing services, you can eliminate the guesswork, maximize your time, and
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Walmart sold its China-based e-commerce business in 2016, but the U.S. retail giant is very much involved in the Chinese internet market through a partnership with e-commerce firm JD.com. Alibaba’s most serious rival, JD scooped up Walmart’s Yihaodian business and offered its own online retail platform to help enable Walmart to products in China, both on
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Jeffrey Katzenberg’s new mobile video startup NewTV, now headed by CEO Meg Whitman, has closed on a billion in new funding in round led by Meg Whitman and Jeffrey Katzenberg, the company has confirmed. WndrCo, Katzenberg’s tech and media holding company, officially announced the round’s close on Tuesday, following last month’s report from CNN which had first leaked
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Another acquisition for French carpooling platform BlaBlaCar: It’s picked up Russian Internet giant Mail.Ru’s relatively recent rival offering, BeepCar, in what’s being billed as both an acquisition and a partnership. BlaBlaCar says the move is aimed at consolidating its international growth. “Through this acquisition, we are doubling down our commitment to develop carpooling in Russia,
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