To date Grab has raised nearly $8 billion since its inception nearly 7 years ago. According to Grab’s CEO Anthony Tan, the transportation network company is looking to raise another $2 billion in 2019 to ramp up its expansion plans. This announcement comes in the wake of its latest funding round in which it cornered…
The 7-month old electric scooter sharing startup plans on using the funds for R&D and for increasing its footprint in the EU. On Monday, VOI Technologies, an electric scooter sharing startup that is just 7 months old stated it has raised $30 million in its latest fundraising round. VOI Technologies plans on using the proceeds…
Horizon Robotics is one of the companies at the fore front of China’s strategic “Made in 2025” policy. Its latest funding round has valued it at $3 billion. On Wednesday, Horizon Robotics, a Chinese chip maker stated it had $600 million in its latest funding round, thus bringing its valuation to $3 billion. The development…
Wal-Mart is in the process of fixing the issues due to which it had to cut its ties with the logistics firm. In a significant development that marks a setback against Wal-Mart’s efforts to fight Amazon.com in the groceries segment, logistics firm Deliv and Walmart Inc have discontinued their same-day grocery delivery partnership. In 2018,…
The funding round saw the Alibaba Group making an undisclosed strategic investment in the startup. Optibus, a U.S.-Israeli mobility technology company stated, it has secured $40 million in a private funding round that was led by Insight Venture Partners and which saw a strategic investment from the Alibaba Group. Its existing investors, including Sir Ronald…
Tokopedia has garnered $1.1 billion from its latest funding round wherein it was valued at $7 billion. Tokopedia, an Indonesian e-commerce company, stated it has secured $1.1 billion from its latest funding round which was led by Japan’s SoftBank Group Corp and China’s Alibaba Group Holding Ltd. This investment follows a similar trend from last…
Grab is expected to close the deal within the next few days, although there is however no certainty to to this. On Monday, the Economic Times, has reported citing two sources briefed on the matter at hand, ride hailing firm Grab is in advanced talks to invest $100 million in Oyo, an Indian hotel-reservations startup.…
