SoftBank, which holds 33% of Snapdeal, has reportedly rescinded an agreement to provide up to $200m in debt and is said to be negotiating a merger with its rival, Flipkart.
Month: April 2017
Cloudera files for $200m IPO
Data management platform Cloudera has filed for an initial public offering that will give exits to Intel – its largest shareholder – and Alphabet.
Investors cheer on Sliver.tv with $16m
Sliver, backed by Bertelsmann, Colopl, Gree and Creative Artists Agency, has collected $16m in fresh funding.
DogVacay books permanent stay with Rover
The two dogsitting services providers have joined forces in a bid to accelerate international expansion efforts.
Flashhold clinches $29m series B
SoftBank and Cainiao Network have co-led the round, which follows a $5m series A secured two years ago from ZTE and a $1m angel round in 2014.
IDG Capital completes IDG acquisition
US-based IT media and data firm International Data Group (IDG) has been acquired by diversified conglomerate China Oceanwide and IDG Capital, the corporate’s own China-based VC affiliate. The deal, first announced in January 2017, means IDG Capital now holds a 10% stake of IDG and has taken control of IDG Ventures, the group’s corporate venturing… Continue reading IDG Capital completes IDG acquisition
Decisely assures $60m investment
Epic Insurance has committed capital to a $60m funding round for Decisely, a human resources platform created for small businesses.
Silvercar shines in Audi acquisition
Audi, an existing investor in Silvercar, is set to fully acquire the airport car rental app developer.
OrCam sets its sights on IPO
OrCam, a smart camera developer backed by Intel, is considering an initial public offering a month after raising a previously unannounced $41m funding round.
Looker charms Alphabet for $81.5m series D
Alphabet, through CapitalG, has led a $81.5m series D round for Looker, a data analytics technology producer that is also backed by Sapphire Ventures.