Go-Jek, the motorbike on-demand startup that is battling Uber and Grab in Indonesia, has closed a new round of $1.2 billion led by Chinese internet giant Tencent, two sources close the company told TechCrunch. The deal, which we understand was signed last week, values the company at $3 billion post money. It is expected to be officially… Continue reading Indonesia’s Uber rival Go-Jek raises $1.2 billion led by Tencent at a $3 billion valuation
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Flipkart raises $1.4 billion from eBay, Microsoft and Tencent at an $11.6 billion valuation
Following months of rumors, Indian e-commerce giant Flipkart has confirmed that it has raised $1.4 billion in new funding at a post-money valuation of $11.6 billion to battle Amazon and Alibaba. The deal includes some big name strategic investors: China’s Tencent, eBay and Microsoft, which joint existing Flipkart backers that include Tiger Global, Naspers, Accel and DST Global.… Continue reading Flipkart raises $1.4 billion from eBay, Microsoft and Tencent at an $11.6 billion valuation
2017 is the year your startup gets funded
The turn of the calendar is cathartic for entrepreneurs — there’s something about starting a new year that inspires folks to launch a new startup, build a new product or raise capital. If you’re starting to raise capital, this is your guide. Let’s get to it. Continued on source. Love0 Share Tweet Share Pin
Amazon Echo spot ‘primes’ Super Bowl audience for drone delivery in the US
The e-commerce titan’s Super Bowl spot featured a woman and a man sitting on a couch with a bowl of Doritos between them. The man is seen licking the Doritos’ orange cheese residue from his fingertips and returning them to the bowl for another helping. At this point, the woman throws a little side-eye his way, and says to… Continue reading Amazon Echo spot ‘primes’ Super Bowl audience for drone delivery in the US
Snap has finally filed publicly for its massive IPO
This is another incremental step in the process of going public, but it’s probably the most important because we’re finally getting our first glimpse at the financial guts of the company. Snapchat has gone from a zeitgeist-y app among a younger audience to one with more than 150 million daily users — and one with… Continue reading Snap has finally filed publicly for its massive IPO
Blockchain and Cryptocurrency
In May of 2010, someone on a Bitcoin forum by the name of Lazlo claimed to have bought two pizzas for 10,000 bitcoins. It was the first time anyone had purchased anything with the new digital currency, which at that time was valued at practically nothing. Continued on source. Love0 Share Tweet Share Pin