Airbnb is considering an investment in Oyo sized at $100m to $200m, which would drive the India-based company’s international expansion efforts.
Month: March 2019
Glossier gleans $100m in series D round
The WME-backed beauty product brand raised the funding in a Sequoia Capital-led round, at a $1.2bn valuation.
Stryker gathers OrthoSpace in $220m deal
Smith & Nephew and Johnson & Johnson have exited the shoulder implant developer in an all-cash acquisition by Stryker that could reach $220m.
Mojo Vision moves to $58m series B
LG, HP Tech Ventures, Motorola Solutions Venture Capital, Kakao Ventures and Gradient Ventures all invested, four months after the AR startup’s $50m series A.
True Incube and Line Games back gaming fund
Subsidiaries of True Corporation and Line are among the founders that have provided $22.7m in capital for a private equity fund that will invest in gaming technology startups.
UKCloud gets $33m funding upgrade
The public sector cloud services provider has landed $33m in funding from Digital Alpha Advisors, an investment partner of Cisco.
Instarem increases series C round to $41m
The financial remittance service has added $21m to more than double a series C round that included Telkom Indonesia, Kasikorn Bank, Rocket Internet and SBI.
Axeleo flexes muscle with $51m corporate-backed fund
The enterprise technology accelerator operator has amassed $51m for its debut fund, from limited partners including Vinci Energies, Crédit Agricole and BNP Paribas.
GV supports Determined AI in $11m round
The deep learning technology startup will put the proceeds from the GV-led round into recruitment and the expansion of its core product.
OneWeb nets $1.25bn
The satellite-based internet network developer has now raised $3.4bn in total, with existing investors SoftBank, Grupo Salinas and Qualcomm all backing its latest round.
Hyundai and Kia mobilise $300m Ola investment
Hyundai and Kia Motors have committed a combined $300m in funding to Ola as part of a strategic partnership that will drive an expansion of the latter’s electric vehicle fleet.
36Kr seeks lowdown in $100m IPO
36Kr Media is considering an initial public offering in the US that would be sized at about $100m, providing exits for Baidu Video and Focus Media Information Technology.
Hanwha goes through Golden Gate for $200m fund
Hanwha’s investment management arm has joined VC firm Golden Gate Ventures for a series B-stage fund that has already raised $80m.
Alcon sees way to $285m PowerVision acquisition
Alcon acquired the intraocular lens developer in a $285m deal that follows $106m in funding from investors including its parent company Novartis as well as Johnson & Johnson and Medtronic.