The taxi hailing app has reportedly closed an Alibaba-backed round worth almost $800m as it seeks to compete with its Chinese competitor.
Month: January 2015
Aria delivers funding to Lalamove
The engineering services company has participated in a $10m series A round raised by on-demand delivery service Lalamove.
IDG finds Valyoo in India
IDG Ventures India has participated in a $21.3m series C round that valued the e-commerce company at $100m.
Intel eyes Vuzix investment
Intel has invested $24.8m in publicly-listed video eyewear and smart glasses developer Vuzix.
Seven predictions for 2015
A selection of predictions for 2015 based on respondents to our annual survey and our editorial judgement.
UST Global plans India-focused fund
IT services provider UST Global plans to launch a venture capital fund that will invest in India-based software and material sciences startups.
Linekong starts new game with $93.5m IPO
Mobile game developer Linekong previously $115m in three funding rounds from investors including IDG Capital Partners.
Wanda E-commerce names investors for $160m round
Networking technology company Centec invested about $96m to join corporates Wanda Group, Tencent and Baidu in backing the e-commerce venture.
Incubate hatches $91m fund
Japan-based venture capital firm Incubate Fund launched its ¥11bn ($91.5m) third fund today with contributions from backers including internet portal Tencent, internet company Yahoo Japan, video game developer Sega Sammy and broadcaster Tokyo Broadcasting System. Japan-based social networking service Mixi also invested, alongside state-backed entities Innovation Network Corporation of Japan (INCJ) and Development Bank of… Continue reading Incubate hatches $91m fund
Smartphone maker Xiaomi calls in $1.1bn
IDG and Qualcomm-backed Xiaomi raised the series E round days before reporting a 135% increase in revenues in 2014.
Snapchat quickens pace with $485m series D
Internet company Yahoo has reportedly committed cash to the round, which could value the instant messaging app at up to $20bn.
The 12 spin-outs of Christmas
A look at the 12 most exciting university spin-outs tipped to succeed in 2015.