The food delivery service, a portfolio company of Ant Group, Info Edge and Delivery Hero, is now valued at $5.4bn ahead of a possible IPO in the coming months.
Month: February 2021
Highspot knocks out $200m series E
Salesforce and Bain & Company were among the investors in a round that valued the customer relations technology developer at $2.3bn.
Pocket Outdoor packs in $150m
Specialized Bicycle-backed Zone 5 Ventures was among the investors in a series B round announced in conjunction with the active media company’s rebranding to Outside Media.
JG Summit calls Tyme for $110m round
JG Summit Holdings participated in a series B round for the digital banking network and will help it apply for a licence in the Philippines.
Sentry secures $60m series D at $1bn valuation
The Slack-backed app monitoring platform developer raised the money in a round led by returning investor Accel, bringing its total funding to $127m.
Xos carries itself to reverse merger
Proeza-backed electric truck producer Xos will list on the Nasdaq Stock Market and have an implied pro forma market capitalisation of $2bn.
Black Lake bolstered by series C funding
The Bertelsmann-backed manufacturing software developer took its total funding past $110m with the close of the $77.3m round.
Ageras amasses $73m
The Rabobank-backed accounting software and marketplace provider was valued at about $244m in an investment by Lugard Road Capital.
Sciwind swings $37m in series B
Legend Capital has returned to invest in the metabolic and immunological disease-focused biotechnology developer, having backed its series A round two years ago.
The strategic importance of being on the right side of climate change
Bill Gates’ book, How to Avoid a Climate Disaster, is a great call to arms for the power of corporate venturing to make strategic change happen for the parent.
Qingju to raise $600m in series B cycle
The bicycle rental service, which was spun off by Didu Chuxing, is reportedly to close a $600m series B round alongside $400m in debt financing.
Marqeta makes way to IPO stage
Commerzbank, Visa and CreditEase could be in line for exits after the card issuing platform developer confidentially filed to go public at a possible $10bn valuation.
SPH stacks up $160m in series B
The JD.com, Shanghai Pharma and SoftBank China Venture Capital-backed O2O medical services operator, has secured fresh funding from investors including Sinocare.
Xgimi expects to raise $185m in IPO
Baidu Ventures, Mango Media and Zhongnan Red Cultural Group are set to exit the screen projector producer in an IPO on Shanghai’s Star Market.