The trio announced this morning that their B2B e-commerce startup Udaan had raised $225 million in Series C funding. The cash infusion, according to Indian media reports, makes Udaan the fastest-ever Indian startup to be valued at over $1 billion.
View More Udaan, the e-commerce startup led by three former Flipkart executives, raises $225MCategory: DST Global
Rappi raises $200M as Latin American tech investment reaches new highs
Rappi, the Colombian on-demand delivery startup, has brought in a new round of funding at a valuation north of $1 billion, as first reported by Axios and confirmed to TechCrunch by a source close to the company. DST Global has led the more than $200 million financing, with participation from Andreessen Horowitz and Sequoia—all of which were existing investors in the company.
View More Rappi raises $200M as Latin American tech investment reaches new highsHow Airbnb went from renting air beds for $10 to a $30 billion hospitality behemoth
Happy 10th anniversary Airbnb. When we first wrote about the company a decade ago, it was a spare website cobbled together by its founders for the low low price of $20,000. AirBed And Breakfast Takes Pad Crashing To A Whole New Level In the years since, the marketplace Airbnb created has radically transformed the rental […]
View More How Airbnb went from renting air beds for $10 to a $30 billion hospitality behemothIndia’s Uber rival Ola is headed to Europe with ride-hailing launch in the UK
The UK is getting a new alternative to Uber after India-based ride-hailing company Ola announced plans to expand to the country, which will become its first market in Europe. Ola was founded in 2010 and it covers over 110 cities in India where it offers licensed taxis, private hire cars and rickshaws through a network […]
View More India’s Uber rival Ola is headed to Europe with ride-hailing launch in the UKIndian food delivery startup Swiggy raises $210M at a $1.3B valuation
India’s food delivery race is hotting up after Swiggy, one of the startups vying for pole position, landed $210 million in new capital for expansion and joined the billion-dollar startup unicorn club. The investment is led by existing backer Naspers, the media conglomerate famous for an early bet on Tencent in China, and new investor DST […]
View More Indian food delivery startup Swiggy raises $210M at a $1.3B valuationStock trade app Robinhood raising at $5B+, up 4X in a year
By adding a cryptocurrency exchange, a web version and stock option trading, Robinhood has managed to quadruple its valuation in a year, according to a source familiar with a new round the startup is raising. Robinhood is closing in on around $350 million in Series D funding led by Russian firm DST Global, the source […]
View More Stock trade app Robinhood raising at $5B+, up 4X in a yearGlobal tech firms and investors are reshaping Latin America’s startup environment
Latin America is emerging as the new battleground for the global tech giants, and some of Silicon Valley and Asia’s biggest investors—from Sequoia Capital to SoftBank—are taking notice. International investment in Latin American startups has more than doubled since 2013, with 25 new investors entering the region in 2017 alone, including SoftBank, Didi Chuxing and… Read More
These are the US startups that Russian investors are backing
A taxi-hailing app. A transplant device developer. An online mortgage provider. Those businesses may have little in common, but one shared thread is that U.S. startups in these sectors have all secured large funding rounds led by Russia-based investors. They’re not alone. Over the past seven years, Russia-based e investors have participated in more than 300 funding rounds for… Read More
DST Global letter to LPs denies impropriety in Facebook, Twitter investments
DST Global, the investment firm led by Yuri Milner, has sent a letter to its limited partners blasting media outlets for “insinuations” that it used its holdings in Twitter and Facebook as anything other than financial investments, after it was revealed that the Russian government was indirectly an investor in DST Global. The letter, provided to TechCrunch by a source, comes in… Read More