The telecom group is reportedly in negotiations to acquire a 20% stake in the Paytm owner at a valuation that will likely be between $7bn and $8bn.
Month: April 2017
SIG studies Yunxuetang for $22m series B
The SIG-led round will enable the platform to expand its training content, boost its consultancy services and drive recruitment for its sales team.
Comcast stays on College Ave for series D
Comcast Ventures has returned for the student loan provider’s $30m series D round, having backed its $20m series C last year.
BDC goes corporate
Business Development Bank of Canada has formed a corporate innovation and venturing initiative and hired Michelle Scarborough to oversee strategic investment initiatives.
John Lewis reopens shop for startups
John Lewis and subsidiary Waitrose have teamed up for the fourth year of its retail technology accelerator, JLab, through which startups can apply for up to $125,000.
Pharmaceutical firms head to BaseLaunch
Novartis Venture Fund, Johnson & Johnson Innovation and Pfizer are supporting the newly launched Swiss healthcare accelerator.
Plume signals Comcast-led round
Comcast has reportedly led a funding round for the adaptive wifi technology provider that stands at $32.6m according to a securities filing.
Bima accepts funding from Axiata
Axiata Digital has invested $16.8m in strategic partner Bima, adding to a series C round that already included telecom companies Millicom and Digicel.
Naspers upsizes stake in Takealot
Naspers, a shareholder of the South African e-commerce platform since 2015, has invested approximately $72m to boost its share to more than 53%.
Walmart to iron out $300m Bonobos acquisition
Nordstrom and Coppel could exit the online men’s fashion company, which is in talks with Walmart over an acquisition that would follow $127m of venture funding.
Corporates to score exits in Best Logistics IPO
The logistics service provider is set to float in the US in an initial public offering of up to $1bn that will give exits to Alibaba, Foxconn, Fosun and Cainiao Network.
Cloudera provides data on IPO terms
Cloudera will raise up to $210m in its initial public offering, with existing backer Intel considering buying 10% of the issued shares at half the valuation of its initial investment.
Canada chooses right time to ‘get in’ to innovation
Canada might be “150 years young”, according to one keynote speaker at the Canadian Corporate Innovation Summit in Toronto earlier last week, but it has a wise head on its young shoulders judging by the succession of speakers under Chatham House rules exhorting its businesses to avoid complacency and invest more in innovation. Two of… Continue reading Canada chooses right time to ‘get in’ to innovation
Corporate venturing deal net: 10-14 April 2017
Meniga, a UK-based digital banking technology producer backed by e-banking software provider Crealogix, has secured €7.5m ($8m) in funding from Industrifonden, Velocity Capital, Frumtak Ventures and Kjolfesta. The company, which has raised at least €19.8m since it was founded, received funding from Crealogix in 2013, and the latest capital influx will be used to grow… Continue reading Corporate venturing deal net: 10-14 April 2017