tiger global – Fusion Nepal

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Startups Weekly: Uber’s headline-grabbing week and sextech at SXSW

sudshr47 March 16, 2019 Startups

In this week’s newsletter: The college admissions scandal engulfs TPG, Accel raises $2.5B for three funds and investing app Stash brings in $65M.

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India’s Ola spins out a dedicated EV business — and it just raised $56M from investors

sudshr47 March 1, 2019

Ola, Uber’s key rival in India, is doubling down on electric vehicles after it span out a dedicated business, which has pulled in $56 million in early funding. The unit is named Ola Electric Mobility and it is described as being an independent business that’s backed by Ola. TechCrunch understands Ola provided founding capital, and […]

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JioSaavn becomes India’s answer to Spotify and Apple Music

sudshr47 December 5, 2018

India finally has its answer to Spotify after Reliance Jio merged its music service with Saavn, the startup it acquired earlier this year. The deal itself isn’t new — it was announced back in March — but it has reached its logical conclusion after two apps were merged to create a single entity, JioSaavn, which is […]

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Tiger Global and Accel lead facility management startup Facilio’s $6.4M Series A

sudshr47 December 5, 2018 Startups

Facilio, an IoT startup that focuses on facility management software, announced today that it has raised a $6.4 million Series A led by Tiger Global and returning investor Accel. The funding will be used to expand further in India, where Facilio has an office in Chennai, the United States, and the Middle East, as well […]

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Flipkart CEO Binny Bansal resigns over allegations of ‘serious personal misconduct’

sudshr47 November 13, 2018

Flipkart, the India-based e-commerce firm owned by Walmart, has lost CEO Binny Bansal after he resigned from the company following an investigation into “serious personal misconduct.” Bansal founded Flipkart in 2007 with Sachin Bansal (no relation) and he had served as its CEO since 2016, before going on to become CEO of the Flipkart Group […]

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Tiger Global returns with a $3M investment to help restaurants deal with delivery apps

sudshr47 November 12, 2018

Tiger Global has returned to backing early-stage Indian startups after it wrote a $3 million check for CheckMate, a U.S.-Indian startup the helps restaurant deals with the pain of multiple food ordering platforms. The deal is a Series A and it represents the first time that CheckMate has raised outside funding for its business. It […]

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With $50M in fresh funding, Allbirds will open new stores in the US, UK and Asia

sudshr47 October 12, 2018 Startups

Allbirds’ wool runners have been a VC favorite since the beginning. Now, the company is worth $1.4 billion.

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Tiger Global is in talks to invest in cryptocurrency unicorn Coinbase at $8B valuation

sudshr47 October 2, 2018

Coinbase may raise up to $500 million at an $8 billion valuation. The cryptocurrency trading platform has also announced two new high-level hires.

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Eventbrite sets IPO range of $19 to $21, valuing it at $1.8B

sudshr47 September 7, 2018

Eventbrite has taken its final step toward becoming a publicly traded company. In an updated S-1 filing this morning, the ticketing and events company announced plans to sell 10 million Class A shares on the New York Stock Exchange at a price range of $19 to $21 under the ticker symbol EB. At a midpoint […]

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Benchmark and Tiger double down on going public

sudshr47 September 6, 2018

In an ecosystem enthralled with private capital and delayed public debuts, Bill Gurley has been something of a maverick. The former dot-com equity analyst and long-time partner at Benchmark has pushed hard for companies to go public and “grow up,” including at his portfolio company Uber, where he was formerly a board member. Earlier this […]

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Tiger Global reportedly pours more than $1B into SoftBank, saying its shares are “undervalued”

sudshr47 July 12, 2018

Tiger Global has poured more than $1 billion into SoftBank Group, according to the Financial Times. The newspaper reports that the firm told investors SoftBank’s shares are “meaningfully undervalued.” In response to a request for comment, SoftBank sent the same statement to TechCrunch as other media outlets: “We continue to believe the market significantly undervalues […]

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China’s SenseTime, the world’s highest-valued AI startup, closes $620M follow-on round

sudshr47 May 31, 2018

SenseTime, the world’s highest-valued AI company with a valuation of over $4.5 billion, is back in the money again. The company raised $600 million in an Alibaba-led financing round announced last month, and now it has added a further $620 million to that with a “Series C+” round announced today. Alibaba led the previous deal, […]

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