On Tuesday, Pleo, a Danish fintech platform which offers expense management tool and smart company cards, said it had raised $150 million from U.S. investment firms Bain Capital Ventures and Thrive Capital in its latest funding round which valued it around $1.7 billion. The company has more than 17,000 customers across Denmark, Sweden, Germany, the…
On Tuesday, Southeast Asian online automotive marketplace Carro said, it has raised $360 million in its latest funding round that was led by SoftBank Vision Fund 2, becoming the region’s latest unicorn. “The valuation for the company is well over a billion dollars,” said Carro, Aaron Tan, the CEO and founder of Singapore-headquartered Carro. Carro…
An Indian short-video sharing app, Josh, has raised more than $100 million from investors including Microsoft, and Google, in a growing space that further eats into TikTok’s market share. Josh is one of several short video platforms have cropped up after India blocked the Chinese consumer data harvesting app in June. Josh has drawn global…
Electric scooter maker Superpedestrian said in a statement that it has raised $20 million for its diagnostic software that can spot impending hardware failure – an area that is of major concern for scooter operators. Although electric scooters have become a popular mode of transport in many cities, with the vehicles breaking down in a…
SZ DJI Technology, the world’s biggest maker of civilian drones, is seeking to infuse fresh capital through a combination of new equity and debt; its IPO is slated for 2019. According to three sources with knowledge of the matter, SZ DJI Technology Co Ltd, a Chinese drone maker, is seeking at least $500 million at…
The move mirrors similar announcements made by the U.S. and China where increased trading volumes of cryptocurrencies have sparked concerns. On Friday, South Korea’s financial regulator has stated it will ban the raising of funds through all forms of virtual currencies, including Initial Coin Offering, (ICO), in a move that mirrors China’s restriction on initial…
Although the music streaming company is keeping its cards close to its chest, a source however has disclosed its upcoming plans. Although Spotify disclosed on Friday that it has no immediate plans for an IPO, as per a source familiar with the matter at hand, the music streaming service is likely to come out with…
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